Comtech Telecommunications Corp. Announces Results for Its Fiscal 2021 First Quarter and Updates Its Financial Targets for Fiscal 2021

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Go back to Comtech Telecommunications Corp. Announces Results for Its Fiscal 2021 First Quarter and Updates Its Financial Targets for Fiscal 2021

Comtech Telecom (CMTL) Tops Q1 EPS by $2.10, Revenues Beat

December 9, 2020 4:13 PM EST

Comtech Telecom (NASDAQ: CMTL) reported Q1 EPS of $0.32, $2.10 better than the analyst estimate of ($1.78). Revenue for the quarter came in at $135.2 million versus the consensus estimate of $124.91 million.

Fiscal 2021 First Quarter Highlights

Consolidated net sales of $135.2 million and Adjusted EBITDA of $14.3 million (or 10.6% of consolidated net sales) exceeded Comtech's expectation for its first quarter of fiscal 2021. 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.With bookings of $123.2 million, the Company achieved a book-to-bill... More