Comtech Telecom (CMTL) Tops Q1 EPS by $2.10, Revenues Beat
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Comtech Telecommunications Corp. Announces Results for Its Fiscal 2021 First Quarter and Updates Its Financial Targets for Fiscal 2021
December 9, 2020 4:07 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- December 9, 2020--Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the first fiscal quarter ended October 31, 2020 and updated its financial targets for fiscal 2021.
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... More