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Stock impact report

Comtech Announces Financial Results for the First Quarter of Fiscal 2025

Comtech Telecommunications Corp. (CMTL) 
Last comtech telecommunications corp. earnings: 3/4 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: comtechtel.com/ir.cfm
Company Research Source: Business Wire
CHANDLER, Ariz.--(BUSINESS WIRE)--January 13, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) ("Comtech" or the "Company"), a global communications technology leader, today reported financial results for its first fiscal quarter ended October 31, 2024. In addition, Comtech separately announced today that its Board of Directors (the "Board") has named Ken Traub as President and Chief Executive Officer, effective immediately, in addition to his current role as Chairman, and that the Board and management team are undertaking a series of prompt and decisive actions to address the Company's current challenges and build a stronger company for long-term. That press release can be found on the Company’s investor relations website.Consolidated Financial ResultsNet sales of $115.8 million;Net bookings of $127.9 million, representing a book-to-bill ratio of 1.10x;Gross margin of 12.5%;Operating loss of $129.2 million, net loss of $148.4 million and Adjusted EBITDA loss (a Non-GAAP mea Show less Read more
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