secwatch.observer — SEC 8-K summary
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Issuer:     COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK:        0000023197
Form:       8-K
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0000023197-25-000102
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comtech Q1 FY2026 revenue $111M, gross margin jumps to 33.1%, net loss $19.8M
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- Consolidated net sales $111.0M, down 4.1% YoY; gross margin 33.1% vs 12.5% a year ago due to inventory write-down reversal and restructuring.
- Operating loss $2.8M; net loss attributable to common $19.8M; Adjusted EBITDA $9.6M (8.7% of sales).
- Net bookings $101.9M (book-to-bill 0.92x); funded backlog $663M; excludes $130M+ contract extension with Tier 1 MNO secured in November.
- GAAP operating cash flow $8.1M – third consecutive positive quarter; total liquidity $51M at quarter end.
- S&S segment net sales $55.1M (-6.5% YoY); Allerium net sales $55.9M (-1.8% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23197/000002319725000102/0000023197-25-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23197/000002319725000102/cmtl-20251211.htm
  HTML page:      https://secwatch.observer/filing/0000023197-25-000102

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