{"schema_version":"secwatch.filing_event.v1","accession":"0000023197-25-000041","form_type":"8-K","ticker":"CMTL","cik":"0000023197","company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","filed_at":"2025-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.903784+00:00","generated_at":"2026-05-24T22:50:21.350653+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Comtech Q2 net loss $48.7M, operating loss $10.3M; secures $40M sub debt, waives covenant defaults","bullets":["Net sales $126.6M (-5.7% YoY); gross margin 26.7% vs 32.2% prior year; operating loss $10.3M vs profit $3.0M prior year.","Adjusted EBITDA $2.9M vs $15.1M prior year; net loss $48.7M vs $10.6M prior year.","Bookings $79.4M (book-to-bill 0.63x); funded backlog $763.8M.","Post-quarter: $40M sub debt from existing holders; Credit Facility amended to waive defaults, suspend covenant tests until Oct 2025, lower interest rates.","Workforce reduced ~13% since July 2024; reviewing strategic alternatives with TD Cowen and Imperial Capital."],"urls":{"canonical":"https://secwatch.observer/filing/0000023197-25-000041","json":"https://secwatch.observer/filing/0000023197-25-000041.json","markdown":"https://secwatch.observer/filing/0000023197-25-000041.md","text":"https://secwatch.observer/filing/0000023197-25-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/23197/000002319725000041/0000023197-25-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/23197/000002319725000041/cmtl-20250312.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T22:50:21.350653+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}