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Comtech Telecommunications (CMTL)

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.

Company profile

Ticker
CMTL
Exchange
CEO
Fred Kornberg
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Comtech AeroAstro, Inc. • Comtech Satellite Network Technologies, Inc. • Comtech Mobile Datacom Corporation • Comtech PST Corp. • Comtech Systems, Inc. • TeleCommunication Systems, Inc. • Comtech Solacom Technologies, Inc. • Solacom Technologies (US), Inc. • Comtech UK Holdings Limited • NG-911, Inc. ...
IRS number
112139466

CMTL stock data

Analyst ratings and price targets

Last 3 months

Calendar

9 Jun 22
20 Aug 22
31 Jul 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jul 21 Jul 20 Jul 19 Jul 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 32.83M 32.83M 32.83M 32.83M 32.83M 32.83M
Cash burn (monthly) (no burn) 530.58K 265.33K 2.03M 376.67K (no burn)
Cash used (since last report) n/a 1.96M 977.9K 7.47M 1.39M n/a
Cash remaining n/a 30.88M 31.85M 25.36M 31.44M n/a
Runway (months of cash) n/a 58.2 120.0 12.5 83.5 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Aug 22 Mark R. Quinlan RSU Common Stock Par Value $.10 Per Share Grant Acquire A No No 0 10,718 0 13,723
12 Aug 22 Shamash Yacov A RSU Common Stock Par Value $.10 Per Share Grant Acquire A No No 0 10,718 0 26,154
12 Aug 22 Maria Hedden RSU Common Stock Par Value $.10 Per Share Grant Acquire A No No 0 11,145 0 39,472
12 Aug 22 Waldman Lawrence RSU Common Stock Par Value $.10 Per Share Grant Acquire A No No 0 10,718 0 26,422
12 Aug 22 Judy Chambers RSU Common Stock Par Value $.10 Per Share Grant Acquire A No No 0 10,718 0 15,220
74.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 136 131 +3.8%
Opened positions 20 10 +100.0%
Closed positions 15 23 -34.8%
Increased positions 48 48
Reduced positions 41 50 -18.0%
13F shares Current Prev Q Change
Total value 185.18M 319.63M -42.1%
Total shares 20.41M 20.32M +0.4%
Total puts 199.9K 0 NEW
Total calls 51.6K 52.2K -1.1%
Total put/call ratio 3.9
Largest owners Shares Value Change
BLK Blackrock 4.27M $38.69M +0.5%
Cooper Creek Partners Management 1.85M $16.75M +3.6%
Dimensional Fund Advisors 1.69M $15.37M -2.6%
Vanguard 1.67M $15.16M -8.4%
Royce & Associates 987.35K $8.96M +16.4%
STT State Street 951K $8.63M +2.1%
Hotchkis & Wiley Capital Management 797.71K $7.24M +55.4%
Boothbay Fund Management 647.58K $5.87M 0.0%
Geode Capital Management 471.09K $4.27M +2.4%
Pacific Ridge Capital Partners 431.51K $3.91M -7.9%
Largest transactions Shares Bought/sold Change
Hotchkis & Wiley Capital Management 797.71K +284.47K +55.4%
PEAK6 Investments 153.76K +153.76K NEW
Vanguard 1.67M -152.68K -8.4%
Royce & Associates 987.35K +138.9K +16.4%
State Of Wisconsin Investment Board 105.41K -126.55K -54.6%
Penserra Capital Management 373.8K +124.97K +50.2%
Paradigm Capital Management 292.5K -116.8K -28.5%
MS Morgan Stanley 268.76K +112K +71.5%
Huber Capital Management 227.77K -102.21K -31.0%
Ancora Advisors 0 -92.81K EXIT

Financial report summary

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Management Discussion
  • Net Sales. Consolidated net sales were $581.7 million and $616.7 million for fiscal 2021 and 2020, respectively, representing a decrease of $35.0 million, or 5.7%. The period-over-period decrease in net sales reflects lower net sales in our Government Solutions segment, partially offset by higher net sales in our Commercial Solutions segment. Net sales by operating segment are discussed below.
  • Net sales in our Commercial Solutions segment were $360.1 million for fiscal 2021, as compared to $353.7 million for fiscal 2020, an increase of $6.4 million, or 1.8%. Our Commercial Solutions segment represented 61.9% of consolidated net sales for fiscal 2021 as compared to 57.4% for fiscal 2020. Our book-to-bill ratio (a measure defined as bookings divided by net sales) for this segment was 1.23. Period-to-period fluctuations in bookings are normal for this segment. As further discussed below, long-term demand for our Commercial Solutions segment's products and technologies appears strong and we believe fiscal 2022 net sales for this segment will be higher than the amount we achieved in fiscal 2021.
  • Net sales of our satellite ground station technologies for fiscal 2021 were higher than fiscal 2020. Fiscal 2021 benefited from a nominal amount of sales related to our acquisition of UHP Networks Inc. ("UHP") on March 2, 2021, which extended our product offerings to include TDMA satellite modems. We believe UHP developed revolutionary technology, which has the potential to transform the growing Very Small Aperture Terminal ("VSAT") market, as demand for high-speed satellite-based networks are projected to grow significantly. As a result of the acquisition, we believe we are well positioned for long-term growth in this market.

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