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Comtech Telecommunications (CMTL)
NASDAQ:CMTL
Earnings Data
Report Date
Jun 04, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.48Last Year’s EPS
-0.04Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -6.10%
|Next Earnings Date:Jun 04, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company in transition, with significant efforts underway to improve operational efficiency and financial stability. While there are clear improvements and strategic initiatives yielding positive results, substantial financial challenges and lower sales compared to the previous year remain pressing issues.Company Guidance
During Comtech Telecom Corp's second quarter fiscal 2025 conference call, the company outlined various financial metrics and strategic initiatives. Consolidated net sales were reported at $126.6 million, a decrease from $134.2 million a year ago but an increase from $115.8 million in Q1 fiscal 2025. The company breached its net leverage and fixed charge coverage ratio covenants as of January 31st but managed to secure a new $40 million capital infusion to address these issues. Gross margins improved to 26.7% from 12.5% in the previous quarter, although they were lower than the 32.2% in the prior year period. Operating loss was reduced to $10.3 million from a $129.2 million loss in Q1, and consolidated adjusted EBITDA was $2.9 million, significantly better than the $19.4 million loss in the prior quarter. The satellite and space segment saw a 25% sequential increase in net sales, while the terrestrial and wireless segment experienced a decrease. The company's book-to-bill ratio was 0.63. Comtech also focused on restructuring efforts, improving operational discipline, and pursuing strategic alternatives to enhance its financial structure and corporate culture.Transformation Plan Gaining Traction
The transformation plan includes improving operational discipline, reducing the cost structure, and supporting high-margin business initiatives. Early evidence of progress is seen in improved financial flexibility and capital structure.
Improved Satellite and Space Segment Performance
The Satellite and Space segment reported a 25% sequential increase in sales, driven by higher sales of SATCOM solutions to the U.S. Army.
Significant New Contract Awards
Comtech was awarded sole source contracts in excess of $26 million for advanced next-generation Anti-Jam modems by L3Harris, supporting the U.S. Army and the U.S. Air Force.
Operational Improvements and Cost Reductions
There was a 10% reduction in segment staff and product rationalization in the Satellite and Space segment, leading to improved margins.
Financial Restructuring Efforts
The company secured a $40 million capital infusion and amended credit facilities to waive all defaults and reduce interest rates, saving approximately $5 million in near-term cash interest expense.
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CMTL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMTL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $2.13 | $1.89 | -11.27% |
| Jan 13, 2025 | $4.13 | $2.34 | -43.34% |
| Oct 31, 2024 | $3.72 | $2.91 | -21.77% |
| Jun 18, 2024 | $2.17 | $4.07 | +87.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Comtech Telecommunications (CMTL) report earnings?
Comtech Telecommunications (CMTL) is schdueled to report earning on Jun 04, 2025, TBA Not Confirmed.
What is Comtech Telecommunications (CMTL) earnings time?
Comtech Telecommunications (CMTL) earnings time is at Jun 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMTL EPS forecast?
CMTL EPS forecast for the fiscal quarter 2025 (Q3) is -0.48.
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