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CMTL Price Correlated With Financials For Comtech Telecommunications

Free historical financial statements for Comtech Telecommunications Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 47 quarters since 2010. Compare with CMTL stock chart to see long term trends.

CMTL Stock Compared to Quarterly

CMTL Income Statement

Revenue, Net:122116000
Revenue Per Share:4.6033
Cost of Goods & Services Sold:75452000
Gross Profit:46664000
Selling, General & Admin Expense:27626000
Research & Development Expense:14255000
Total Operating Expenses:47230000
Operating Income:-796000
Income Taxes:-771000
Net Income:-1680000
Earnings Per Share, Basic:-0.06
Shares Outstanding, Basic Avg:26528000

CMTL Cash Flow

Operating Activities Net Income:
Change in Accounts Receiveable:-14372000
Net Cash from Operations:-1130000
Net Cash from Operations Per Share:-0.0426
Cash Dividends Paid:2643000
Net Cash from Financing Activities:8652000
Property, Plant & Equipment Purchases:5609000
Net Cash from Investing Activities:-5609000
Net Change in Cash & Equivalents:1913000

CMTL Balance Sheet

Cash and Cash Equivalents:32831000
Accounts Receivable, Net:124091000
Inventories:95243000
Total Current Assets:275465000
Property, Plant & Equipment, Net:45016000
Total Assets:983637000
Accounts Payable:32140000
Total Short-Term Liabilities:204921000
Long Term Debt, Non-Current Portion:127000000
Total Liabilities:415555000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
HEDDEN MARIA   Chief Operating Officer
4,640 sh at $11
$49,184
Buy
PORCELAIN MICHAEL   President & CEO
2,380 sh at $11
$25,038
Buy
SHAMASH YACOV A   Director
1,500 sh at $11
$15,945
Buy
LESAVOY LISA /ADV   Director
10,000 sh at $10
$102,200
Buy
PORCELAIN MICHAEL   CEO & President
6,250 sh at $10
$59,555
Buy
BONDI MICHAEL   Chief Financial Officer
4,000 sh at $9
$37,320
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackrock Inc.
4,245,518 sh
12,968 sh
0%
$66,612
-$33,658
Vanguard Group Inc
1,824,177 sh
15,014 sh
1%
$28,621
-$14,239
Dimensional Fund Advisors LP
1,739,508 sh
11,680 sh
1%
$27,293
-$13,639
Royce & Associates Lp
848,448 sh
1,400 sh
0%
$13,312
-$6,755
Hotchkis & Wiley Capital Management LLC
513,240 sh
132,210 sh
35%
$8,053
-$974
Pacific Ridge Capital Partners, LLC
468,727 sh
62,921 sh
16%
$7,354
-$2,260
Geode Capital Management, LLC
459,909 sh
16,279 sh
4%
$7,215
-$3,294
Charles Schwab Investment Management Inc
331,015 sh
27,869 sh
9%
$5,194
-$1,988
Huber Capital Management LLC
329,980 sh
-128,663 sh
-28%
$5,177
-$5,688
Northern Trust Corp
328,082 sh
-14,557 sh
-4%
$5,147
-$2,971
Invesco Ltd.
309,171 sh
75,126 sh
32%
$4,851
-$694
Bank Of New York Mellon Corp
258,370 sh
-701 sh
0%
$4,054
-$2,082
Penserra Capital Management LLC
248,826 sh
-18,797 sh
-7%
$3,904
-$2,435
State Of Wisconsin Investment Board
231,957 sh
 
$3,639
Tocqueville Asset Management L.P.
227,810 sh
9,635 sh
4%
$3,574
-$1,697
Principal Financial Group Inc
188,516 sh
-9,028 sh
-5%
$2,958
-$1,722
Morgan Stanley
156,754 sh
-12,165 sh
-7%
$2,459
-$1,543
Employees Retirement System Of Texas
126,000 sh
83,000 sh
193%
$1,977
$958
JPMorgan Chase & Co
117,487 sh
80,120 sh
214%
$1,844
$959
Ironwood Investment Management LLC
108,690 sh
 
$1,705
COMPANY PROFILE
General The accompanying condensed consolidated financial statements of Comtech Telecommunications Corp. and its subsidiaries ("Comtech," "we," "us," or "our") as of and for the three and nine months ended April 30, 2022 and 2021 are unaudited. In the opinion of management, the information furnished reflects all material adjustments (which include normal recurring adjustments) necessary for a fair presentation of the results for the unaudited interim periods. Our results of operations for such periods are not necessarily indicative of the results of operations to be expected for the full fiscal year.

The preparation of our condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amount of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the condensed consolidated financial statements, and the reported amounts of net sales and expenses during the reported period. Actual results may differ from those estimates.

Our condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements, filed with the Securities and Exchange Commission ("SEC"), for the fiscal year ended July 31, 2021 and the notes thereto contained in our Annual Report on Form 10-K, and all of our other filings with the SEC.

Impact of Coronavirus Disease 2019 Pandemic ("COVID-19") and Global Supply Chain Constraints on Our Business

Since March 2020, we have conducted most of our non-production related operations using remote working arrangements, curtailed most business travel, and established social distancing safeguards. COVID-19, Russia's military incursion into Ukraine and the related global supply chain constraints have impacted our business, operating results and financial condition, as well as the operations and financial performance of many of the customers and suppliers in industries that we serve. We have experienced order and production delays, disruptions in component availability, increased pricing both for labor and parts, lower levels of factory utilization and higher logistics and operational costs. Such business conditions are expected to continue during our fourth quarter of fiscal 2022 and carry into fiscal 2023.

Former CEO Transition Costs

On December 31, 2021, our Board of Directors appointed Michael D. Porcelain as Chief Executive Officer (“CEO”). Prior to that, Mr. Porcelain served as our President and Chief Operating Officer (“COO”). Transition costs related to our former CEO, Mr. Kornberg, were $13,554,000 and all expensed in our second quarter of fiscal 2022. Of such amount, $10,304,000 related to Mr. Kornberg's severance payments and benefits upon termination of his employment; the remainder related to Mr. Kornberg agreeing to serve as a Senior Technology Advisor for a minimum of two years. Of the total former CEO transition costs of $13,554,000, $7,388,000 relates to the amortization of equity-classified stock-based awards.

Data imported from Comtech Telecommunications Corp SEC filings. Check original filings before making any investment decision.