secwatch.observer — SEC 8-K summary
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Issuer:     COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK:        0000023197
Form:       8-K
Filed at:   2026-06-15T12:01:52+00:00
Accession:  0000023197-26-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comtech reports Q3 sales down 16.4% to $106M; sells most S&S business for $157.5M
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- Net loss attributable to common shareholders of $14.3M; includes $10.8M preferred dividends.
- Adjusted EBITDA of $8.2M; fifth consecutive quarter of positive operating cash flow ($6.1M).
- Agreed to sell most of Satellite & Space Communications business to Gilat for $157.5M; net proceeds ~$143-145M.
- Amended credit facilities to extend covenant relief through July 31, 2027; preferred stock exchange agreed.
- Allerium segment sales $55.7M; S&S segment sales $50.3M; consolidated backlog $696.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23197/000002319726000070/0000023197-26-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23197/000002319726000070/cmtl-20260615.htm
  HTML page:      https://secwatch.observer/filing/0000023197-26-000070

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