Press release
Comtech Announces Financial Results for First Quarter of Fiscal 2026
CHANDLER, Ariz.--(BUSINESS WIRE)-- December 11, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global communications
About this update from Comtech Telecommunications Corp.
[{"type":"text","content":" CHANDLER, Ariz.--(BUSINESS WIRE)--\nDecember 11, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global communications technology leader, today reported financial results for its first quarter ended October 31, 2025.\n\nKen Traub, Chairman, President and CEO, stated:\n\n“We are pleased to report the continued positive momentum in our business, achieving our third consecutive quarter of strong positive operating cash inflows and $51 million of total liquidity. Comtech has built a much stronger financial position. We continue to be focused and selective in our product, marketing and sales initiatives which yielded another quarter of sequential improvement in our gross margin percentage as well as continued cash flow generation. Net bookings for the quarter of $102 million and our backlog of $663 million do not yet include the majority of funding related to the long-term contract extension worth over $130 million that we secured in early November with a domestic Tier 1 mobile network operator. Our continued progress in the first quarter was accomplished notwithstanding the short-term impacts of the U.S. government shutdown, which was resolved in November. We are particularly gratified to see the positive reaction from our current and prospective employees, vendors and customers to the recent significant improvements in Comtech’s financial position.”\n\nConsolidated Financial Results\n\n\nNet sales of $111.0 million\n\n\nGross margin of 33.1%\n\n\nOperating loss of $2.8 million and net loss attributable to common shareholders of $19.8 million\n\n\nAdjusted EBITDA (a Non-GAAP financial measure) of $9.6 million, or 8.7%\n\n\nNet bookings of $101.9 million, representing a book-to-bill ratio of 0.92x\n\n\nFunded backlog of $663.0 million and revenue visibility of approximately $1.1 billion\n\n\nGAAP cash inflows from operations of $8.1 million\n\n\nTotal liquidity at quarter end of $51.0 million\n\n\nFirst Quarter Fiscal 2026 Consolidated Results Commentary\n\nConsolidated net sales were $111.0 million, a decrease of 4.1% compared to the $115.8 million reported in the first quarter of fiscal 2025 and a decrease of 14.8% sequentially from the immediately preceding quarter. As anticipated, net sales in the Company’s Allerium and Satellite and Space Communications (“S&S”) segments were lower compared...