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CMTL Comtech Telecommunications

Comtech Telecommunications Corp. engages in the design, development, production, and market of products, systems, and services for advanced communications solutions. It operates through the Commercial Solutions and Government Solutions segment. The Commercial Solutions segment offers satellite communications, public safety systems, and enterprise application technologies for commercial customers and smaller government customers. The Government Solutions segment comprises mission-critical technologies and transmission technologies for large government end users, international customers, and domestic prime contractors. The company was founded in 1967 and is headquartered in Melville, NY.

CMTL stock data

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Calendar

11 Mar 21
22 Apr 21
31 Jul 21
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jul 20 Jul 19 Jul 18 Jul 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
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Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 30.93M 30.93M 30.93M 30.93M 30.93M 30.93M
Cash burn (monthly) 511.33K 1.29M (positive/no burn) 7.05M (positive/no burn) 3.49M
Cash used (since last report) 1.4M 3.55M n/a 19.34M n/a 9.57M
Cash remaining 29.53M 27.38M n/a 11.59M n/a 21.36M
Runway (months of cash) 57.8 21.1 n/a 1.6 n/a 6.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Dec 20 Lisa /adv Lesavoy Common Stock Par Value $.10 per share Buy Aquire P No No 17.16 4,000 68.64K 4,000
4 Oct 20 Porcelain Michael Common Stock Par Value $.10 per share Payment of exercise Dispose F No No 13.97 393 5.49K 117,598
4 Oct 20 Porcelain Michael Common Stock Par Value $.10 per share Option exercise Aquire M No No 0 801 0 117,991
4 Oct 20 Porcelain Michael RSU Common stock par value $.10 per share Option exercise Dispose M No No 0 801 0 46,302
4 Oct 20 Bondi Michael Common Stock Par Value $.10 per share Payment of exercise Dispose F No No 13.97 211 2.95K 30,845
4 Oct 20 Bondi Michael Common Stock Par Value $.10 per share Option exercise Aquire M No No 0 429 0 31,056
4 Oct 20 Bondi Michael RSU Common Stock par value $.10 per share Option exercise Dispose M No No 0 429 0 17,281
22 Sep 20 Kornberg Fred Common Stock Par Value $0.10 Per Share Payment of exercise Dispose F No No 14.61 15,819 231.12K 90,812
22 Sep 20 Kornberg Fred Common Stock Par Value $0.10 Per Share Grant Aquire A No No 0 32,303 0 106,631
22 Sep 20 Porcelain Michael Common Stock Par Value $0.10 Per Share Payment of exercise Dispose F No No 14.61 6,300 92.04K 117,190

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

77.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 144 149 -3.4%
Opened positions 18 14 +28.6%
Closed positions 23 17 +35.3%
Increased positions 49 52 -5.8%
Reduced positions 51 54 -5.6%
13F shares
Current Prev Q Change
Total value 417.82M 279.41M +49.5%
Total shares 20.19M 19.94M +1.2%
Total puts 73.1K 119.4K -38.8%
Total calls 83.5K 130.9K -36.2%
Total put/call ratio 0.9 0.9 -4.0%
Largest owners
Shares Value Change
BLK Blackrock 3.91M $80.93M +6.8%
Dimensional Fund Advisors 1.94M $40.07M -1.1%
Vanguard 1.6M $33.02M +0.9%
STT State Street 874.07K $18.08M +1.1%
Paradigm Capital Management 820.1K $16.97M +1540.2%
Royce & Associates 602.38K $12.46M +26.4%
Huber Capital Management 581.92K $12.04M -32.1%
Cooper Creek Partners Management 430.52K $8.91M NEW
NTRS Northern Trust 396.03K $8.19M -3.4%
Geode Capital Management 381.78K $7.9M +1.0%
Largest transactions
Shares Bought/sold Change
Paradigm Capital Management 820.1K +770.1K +1540.2%
Cooper Creek Partners Management 430.52K +430.52K NEW
Verdad Advisers 325K +325K NEW
Renaissance Technologies 48.43K -323.52K -87.0%
Huber Capital Management 581.92K -274.98K -32.1%
Grantham, Mayo, Van Otterloo & Co. 188.6K -251.3K -57.1%
BLK Blackrock 3.91M +248.44K +6.8%
Assenagon Asset Management 16.1K -226.41K -93.4%
Acadian Asset Management 85.99K -166.01K -65.9%
Royce & Associates 602.38K +125.85K +26.4%

Financial report summary

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Management Discussion
  • Net Sales. Consolidated net sales were $616.7 million and $671.8 million for fiscal 2020 and 2019, respectively, representing a decrease of $55.1 million, or 8.2%. The period-over-period decrease in net sales reflects lower net sales in both our Government Solutions and Commercial Solutions segments. Net sales by operating segment are discussed below.
  • Net sales in our Commercial Solutions segment were $353.7 million for fiscal 2020, as compared to $357.3 million for fiscal 2019, a decrease of $3.6 million, or 1.0%. Our Commercial Solutions segment represented 57.4% of consolidated net sales for fiscal 2020 as compared to 53.2% for fiscal 2019. Our book-to-bill ratio (a measure defined as bookings divided by net sales) for this segment was 0.91. Period-to-period fluctuations in bookings is normal for this segment. As further discussed below, long-term demand for our Commercial Solutions products and technologies appears strong and we believe fiscal 2021 net sales for this segment will be slightly higher than the amount we achieved in fiscal 2020.
  • Although the business impact of COVID-19 resulted in significantly lower net sales of our satellite ground station technologies during fiscal 2020 as compared to fiscal 2019, bookings began to rebound in the fourth quarter of our fiscal 2020. We were awarded a number of important orders including: (i) contracts valued at more than $2.2 million for Ka-band high-power traveling wave tube amplifiers (“TWTAs”) for trailer-based satellite communications terminals; (ii) a contract valued at more than $1.5 million for 500W Ka-band TWTAs for a tracking, telemetry and command application to be deployed globally by a major satellite service provider; (iii) $1.3 million in orders for advanced satellite modems, WAN optimization and redundancy switches to support cellular LTE backhaul for a service provider in the Middle East; and (iv) a $1.1 million order for satellite ground station equipment from a South East Asia Ministry of Defense for a network upgrade, which could expand to more than 2,000 units. In addition, we received additional orders on our contract valued at $4.7 million to support a critical U.S. Air Force and U.S. Army Anti-jam Modem (“A3M”) program which is intended to provide the U.S. Air Force and U.S. Army with a secure, wideband, anti-jam satellite communications terminal modem for tactical satellite communication operations.
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