Comtech Telecom (CMTL) Misses Q4 EPS by 1c

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Go back to Comtech Telecom (CMTL) Misses Q4 EPS by 1c

Comtech Telecommunications Corp. Reports Strong Results for Fourth Quarter and Fiscal 2021 and Provides Initial Financial Targets for Fiscal 2022

October 4, 2021 4:02 PM EDT

President and COO Michael Porcelain to become Chief Executive Officer by Calendar Year End

MELVILLE, N.Y.--(BUSINESS WIRE)-- October 4, 2021 Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the fourth quarter and fiscal year ended July 31, 2021. The Company also provided its initial financial targets for fiscal 2022 and announced a senior leadership transition.

Fiscal 2021 Fourth Quarter Highlights

Consolidated net sales for the fourth quarter of fiscal 2021 were $145.8 million, GAAP net income was $7.4 million and Adjusted EBITDA was $26.4 million... More