Comtech Telecom (CMTL) Misses Q1 EPS by 1c

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Comtech Telecommunications Corp. Announces Results for Its Fiscal 2022 First Quarter and Reconfirms Its Financial Targets for Fiscal 2022

December 9, 2021 4:01 PM EST

MELVILLE, N.Y.--(BUSINESS WIRE)-- December 9, 2021 Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its financial results for the first fiscal quarter ended October 31, 2021 and reconfirms its financial targets for fiscal 2022.

Fiscal 2022 First Quarter Highlights

Consolidated net sales for the first quarter of fiscal 2022 were $116.8 million, GAAP net loss was $6.0 million and Adjusted EBITDA was $5.5 million. Both net sales and Adjusted EBITDA exceeded Comtechs expectations. Consolidated net sales for the first quarter of fiscal 2021 were $135.2 million, GAAP net loss was $85.8 million and Adjusted EBITDA was $14.3... More