Slide 1: Comtech Announces Financial Results for Third Quarter of Fiscal 2026
COMTECH ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER OF FISCAL 2026 Chandler, Ariz. – June 15, 2026 – Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global communications technology leader, today reported financial results for its third quarter ended April 30, 2026.
Slide 2: Third Quarter Fiscal 2026 Results Commentary
Third Quarter Fiscal 2026 Results Commentary Consolidated Consolidated net sales were $106.0 million, a decrease of 16.4% compared to $126.8 million reported in the third quarter of fiscal 2025. Approximately 17% of the decrease in consolidated sales occurred in the Allerium segment. Allerium report
Slide 3: Allerium
Allerium operating income was $4.4 million, compared to $8.4 million in the third quarter of fiscal 2025. The year-over- year decrease in Allerium’s operating income, both in dollars and as a percentage of segment net sales, primarily reflects the retroactive billing event discussed above. Allerium
Slide 4: S&S book-to-bill ratio and contract awards
S&S’ book-to-bill ratio for the third quarter of fiscal 2026 was 1.04x compared to 0.80x in the prior year period (excluding a $36.4 million debooking in the prior fiscal year associated with the U.S. Army GFSR contract). In the more recent quarter, S&S experienced a strengthening in its funded orde
Slide 5: At April 30, 2026 and June 12, 2026
At April 30, 2026 and June 12, 2026: • Total outstanding borrowings under Comtech’s Credit Facility were $119.7 million and $116.0 million, respectively; $3.6 million was drawn on the Revolver Loan as of April 30, 2026 and repaid in May 2026; • Total outstanding borrowings under Comtech’s Subordinat
Slide 6: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements Certain information in this press release contains, and oral statements made by its representatives from time to time may contain, forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “believe,”
Slide 7: Condensed Consolidated Statements of Operations
COMTECH TELECOMMUNICATIONS CORP. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (Unaudited) (Unaudited) Three months ended April 30, Nine months ended April 30, 2026 2025 2026 2025 Net sales $ 106,004,000 126,787,000 $ 323,797,000 369,161,000 Cost of sales 69,938,000 87,842,000 214
Slide 8: Condensed Consolidated Balance Sheets
COMTECH TELECOMMUNICATIONS CORP. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited) April 30, 2026 July 31, 2025 Assets Current assets: Cash and cash equivalents $ 28,499,000 40,019,000 Accounts receivable, net 127,795,000 144,837,000 Inventories, net 61,828,000 68,955,000 Prepaid ex
Slide 9: Condensed Consolidated Statements of Cash Flows
COMTECH TELECOMMUNICATIONS CORP. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (Unaudited) (Unaudited) Three months ended April 30, Nine months ended April 30, 2026 2025 2026 2025 Cash flows from operating activities: Net (loss) income $ (3,453,000) 33,934,000 $ (32,967,000) (163,
Slide 10: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures To provide investors with additional information regarding the Company’s financial results, this release contains “Non-GAAP financial measures” under the rules of the SEC. The Company’s Adjusted EBITDA is a Non-GAAP measure that represents earnings (loss) before in
Slide 11: Reconciliations of GAAP to Non-GAAP measures
Reconciliations of GAAP consolidated results to the corresponding Non-GAAP measures are shown in the tables below (numbers and per share amounts in the tables may not foot due to rounding). Non-GAAP results reflect Non-GAAP provisions for (benefits from) income taxes based on year-to-date results, a
Slide 12: Fiscal Year 2025
Fiscal Year 2025 Net Loss Net Loss per Operating Attributable Diluted Loss to Common Common Stockholders Share* Reconciliation of GAAP to Non-GAAP Earnings: GAAP measures, as reported $ (139,098,000) $ (204,251,000) $ (6.95) Adjustments to reflect redemption value of convertible preferred stock — 10