COMSovereign Holding Corp. (COMS) Reports Q1 Revenues Beat

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COMSovereign Reports First Quarter 2021 Financial Results

May 17, 2021 4:05 PM EDT

DALLAS, May 17, 2021 /PRNewswire/ -- COMSovereign Holding Corp. (NASDAQ: COMS) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions, today reported financial results for the first quarter ended March 31, 2021.

For the three months ended March 31, 2021, total revenues were $2,086,452 compared to $2,485,204 for the three months ended March 31, 2020. Sales were derived primarily from mobile network backhaul products, outside customer sales from Sovereign Plastics, and the sale of rapid deployable aerostat products and accessories. The decrease was driven... More