COMTECH TELECOMMUNICATIONS CORP /DE/ CMTL

Technology SIC 3663 - Radio & Tv Broadcasting & Communications Equipment NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing derived Nasdaq

Founded in 1967, we have a longstanding history of providing critical communications technology and solutions to customers around the world. We serve two core end-markets: secure satellite and wireless communications via our Satellite and Space Communications segment and public safety via our Allerium (formerly, our Terrestrial and Wireless Networks) segment. In both cases, we are at the forefront of the technologies that solve extraordinarily complex communications problems – whether it is a 911 call captured, routed and data-enhanced to optimize the public safety result in situations where every second matters, or providing communications infrastructure that ensures people, businesses and governments can connect anywhere on earth, under any conditions – including on the battlefield. We believe the demand for the communications solutions we provide is growing since public safety professionals require the most effective and comprehensive systems to respond to emergencies; and governments and enterprises are seeking advanced, reliable secure wireless connectivity.

Last close 1.24 2026-10-23
Market cap $37.2M 2026-04-30 share count
52-week range 1.14 - 6.21

Valuation FY2025 figures against the last close

P/S0.1x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield0.4%
Diluted EPS-6.95

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $499.5M$540.4M$550.0M$486.2M$581.7M$616.7M$671.8M$570.6M$550.4M$411.0M
Cost of revenue $371.7M$383.2M$365.5M$306.4M$367.7M$389.9M$424.4M$346.6M$332.2M$239.8M
Gross profit $127.9M$157.2M$184.5M$179.8M$214.0M$226.8M$247.4M$223.9M$218.2M$171.2M
R&D $17.4M$24.1M$48.6M$52.5M$49.1M$52.2M$56.4M$53.9M$54.3M$42.2M
SG&A $143.5M$123.2M$120.0M$114.9M$111.8M$117.1M$128.6M$113.9M$116.1M$94.9M
Total operating expenses $267.0M$237.1M$199.1M$213.6M$282.3M$211.7M$206.0M$188.9M$181.1M$171.8M
Operating income -$139.1M-$79.9M-$14.7M-$33.8M-$68.3M$15.2M$41.4M$35.1M$37.0M-$576.0K
Interest expense $45.6M$22.2M$15.0M$5.0M$6.8M$6.1M$9.2M$10.2M$11.6M$7.8M
Pre-tax income -$155.4M-$100.3M-$30.8M-$37.1M-$75.0M$9.3M$28.9M$24.6M$25.5M-$8.2M
Income tax $80.0K$295.0K$3.9M$4.0M$1.5M$2.3M$3.9M$5.1M$9.7M$454.0K
Net income -$155.3M-$100.0M-$26.9M-$33.1M-$73.5M$7.0M$25.0M$29.8M$15.8M-$7.7M
EPS, basic -6.95-4.70-1.21-1.63-2.860.281.041.250.68-0.46
EPS, diluted -6.95-4.70-1.21-1.63-2.860.281.031.240.67-0.46
Shares, diluted (wtd. avg.) 29.4M28.8M28.0M26.5M25.7M24.9M24.3M24.0M23.5M17.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $40.0M$32.4M$19.0M$21.7M$30.9M$47.9M$45.6M$43.5M$41.8M$66.8M
Receivables $144.8M$195.6M$163.2M$123.7M$158.1M$126.8M$145.0M$147.4M$125.0M$151.0M
Inventory $69.0M$93.1M$105.8M$96.3M$80.4M$82.3M$74.8M$75.1M$60.6M$71.4M
Total current assets $270.2M$336.6M$305.5M$263.3M$287.5M$277.1M$280.3M$279.8M$241.0M$303.6M
Property, plant and equipment $43.4M$47.3M$53.0M$50.4M$35.3M$27.0M$28.0M$29.0M$32.8M$38.7M
Goodwill $204.6M$284.2M$347.7M$347.7M$347.7M$330.5M$310.5M$290.6M$290.6M$287.6M
Other intangibles $173.1M$194.8M$225.9M$247.3M$268.7M$258.0M$261.9M$240.8M$261.9M$284.7M
Total assets $740.8M$912.4M$996.2M$974.3M$993.1M$929.6M$887.7M$845.2M$832.1M$921.2M
Accounts payable $26.0M$42.5M$64.2M$44.6M$36.2M$23.4M$24.3M$43.9M$29.4M$33.5M
Short-term debt $4.0M$4.0M$4.4M$0——$0$17.2M$15.5M$11.1M
Total current liabilities $158.2M$183.5M$212.0M$193.5M$203.6M$159.7M$145.3M$165.3M$144.2M$184.1M
Long-term debt —$170.5M$160.0M$130.0M$201.0M$149.5M$165.0M$148.1M$176.2M$240.0M
Total liabilities $446.9M$426.1M$445.7M$402.5M$492.4M$380.3M$352.6M$339.5M$351.9M$450.8M
Retained earnings -$6.9M$103.6M$238.9M$278.7M$333.0M$417.3M$420.3M$405.2M$385.1M$383.6M
Total equity $104.4M$306.3M$438.3M$466.6M$500.7M$549.3M$535.1M$505.7M$480.1M$470.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$8.3M-$54.5M-$4.4M$2.0M-$40.6M$52.8M$68.0M$50.3M$66.9M$15.1M
Depreciation and amortisation $11.8M$12.2M$11.9M$10.3M$9.3M$10.4M$11.9M$13.7M$14.4M$9.8M
Capital expenditure $8.6M$13.1M$18.3M$19.6M$16.0M$7.2M$8.8M$8.6M$8.2M$5.7M
Investing cash flow -$8.6M$20.1M-$18.3M-$19.6M-$15.5M-$20.2M-$44.7M-$8.6M-$8.2M-$286.2M
Financing cash flow $24.4M$47.8M$20.1M$8.4M$39.1M-$30.3M-$21.3M-$40.1M-$83.7M$187.0M
Dividends paid $158.0K$268.0K$8.7M$11.0M$10.3M$10.0M$9.8M$9.5M$18.9M$19.4M
Buybacks ————————$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000023197-25-000087.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M Revenue, FY2016: 411M Gross profit, FY2016: 171.2M Net income, FY2016: -7.7M Revenue, FY2017: 550.4M Gross profit, FY2017: 218.2M Net income, FY2017: 15.8M Revenue, FY2018: 570.6M Gross profit, FY2018: 223.9M Net income, FY2018: 29.8M Revenue, FY2019: 671.8M Gross profit, FY2019: 247.4M Net income, FY2019: 25M Revenue, FY2020: 616.7M Gross profit, FY2020: 226.8M Net income, FY2020: 7M Revenue, FY2021: 581.7M Gross profit, FY2021: 214M Net income, FY2021: -73.5M Revenue, FY2022: 486.2M Gross profit, FY2022: 179.8M Net income, FY2022: -33.1M Revenue, FY2023: 550M Gross profit, FY2023: 184.5M Net income, FY2023: -26.9M Revenue, FY2024: 540.4M Gross profit, FY2024: 157.2M Net income, FY2024: -100M Revenue, FY2025: 499.5M Gross profit, FY2025: 127.9M Net income, FY2025: -155.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $411.0M $550.4M $570.6M $671.8M $616.7M $581.7M $486.2M $550.0M $540.4M $499.5M
Gross profit $171.2M $218.2M $223.9M $247.4M $226.8M $214.0M $179.8M $184.5M $157.2M $127.9M
Net income -$7.7M $15.8M $29.8M $25.0M $7.0M -$73.5M -$33.1M -$26.9M -$100.0M -$155.3M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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