---
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"
generated_at: "2026-05-24T22:50:21.350653+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Comtech Q2 net loss $48.7M, operating loss $10.3M; secures $40M sub debt, waives covenant defaults

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000023197-25-000041
- JSON: https://secwatch.observer/filing/0000023197-25-000041.json
- Plain text: https://secwatch.observer/filing/0000023197-25-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.