Comtech Telecom (NASDAQ: CMTL) reported Q4 EPS of $0.21, $0.32 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $149.7 million versus the consensus estimate of $142.39 million.

2020 Fourth Quarter Highlights

• Consolidated net sales for the fourth quarter of fiscal 2020 were solid at $149.7 million, which represents a sequential increase of 10.8% as compared to the $135.1 million achieved during the Company’s third quarter ended April 30, 2020.
• With bookings of $159.7 million, the Company achieved a book-to-bill ratio of 1.07 during the fourth quarter of fiscal 2020. The Company’s pipeline remains strong and includes a number of large opportunities.
• On a GAAP basis, for the fourth quarter of fiscal 2020, Comtech reported operating income of $2.8 million, net income of $1.1 million and net income per diluted share ("EPS") of $0.04. Comtech’s operating income in the fourth quarter was impacted by $6.4 million of acquisition plan expenses. As reconciled to the most directly comparable GAAP financial measures in the table below, excluding acquisition plan expenses and a net discrete tax expense of $0.1 million, Non-GAAP net income and Non-GAAP EPS were $5.2 million and $0.21, respectively.
• Adjusted EBITDA for the fourth quarter of fiscal 2020 was $23.5 million or 15.7% of consolidated net sales with strong GAAP operating cash flows of $13.8 million. Adjusted EBITDA is a non-GAAP financial measure which is reconciled to the most directly comparable GAAP financial measure and is more fully defined below.

For earnings history and earnings-related data on Comtech Telecom (CMTL) click here.