$CMTL (Comtech Telecommunications Corp.)

$CMTL {{ '2016-10-06T22:21:04+0000' | timeago}} • Announcement

As of July 31, 2016, $CMTL had $66.8MM of cash and cash equivalents, which does not reflect the quarterly dividend payment of $7MM that was paid on Aug. 19, 2016. In June 2016, the company sold an aggregate of 7,145,000 shares of its common stock in a public offering resulting in net proceeds of $95MM.

$CMTL {{ '2017-07-12T19:33:37+0000' | timeago}} • Announcement

$CMTL said its Command & Control Technologies group has been awarded orders totaling about $1.9MM by an international Space and Communications customer during its 4Q17.

$CMTL {{ '2017-07-06T16:53:56+0000' | timeago}} • Announcement

During 4Q17, $CMTL received approx $6.9MM in orders from Federal Government and Commercial Enterprise customers for its Cyber Security Training solutions, through its Command & Control Technologies group

$CMTL {{ '2017-07-05T16:07:06+0000' | timeago}} • Announcement

$CMTL said its Command & Control Technologies unit has received a $14.5MM contract modification from the Defense Information Systems Agency. The modification paves the way for Comtech to provide Ku satellite bandwidth and support services for the US Marine Corps' Tactical Satellite Communications Network, under an existing contract.

$CMTL {{ '2017-06-08T18:05:27+0000' | timeago}} • Webcast

$CMTL said the company continues to have opportunities in offshore oil platforms and also internationally, with various countries and their defense systems that require troposcatter system for their communications. Therefore, the company added that this market continues to be strong.

$CMTL {{ '2017-06-08T17:53:18+0000' | timeago}} • Webcast

$CMTL expects EBITDA for FY17 to be around 12%. Looking into 2018, the company expects to see the same quarter-to-quarter issue that it had in 2017 where there was a ramp up going from 1Q16 to 4Q16 and which has been the trend for the last couple of years. Therefore, $CMTL expect to have significant back end loaded nature for next year as well.

$CMTL {{ '2017-06-08T17:24:58+0000' | timeago}} • Webcast

$CMTL's Commercial Solutions segment net sales increased about 10.3% in 3Q17 to $79.4MM and benefited from an additional month of sale of the company's location and messaging based platforms and safety and security technology solutions. Government Solutions segment declined 7.3% to $48.4MM for the quarter.

$CMTL {{ '2017-06-07T21:45:35+0000' | timeago}} • Announcement

Based on the anticipated timing of shipments and performance related to orders currently in its backlog, together with anticipated new orders, $CMTL expects its consolidated net sales and Adjusted EBITDA in its 4Q17 to be the highest of any quarter in FY17.

$CMTL {{ '2017-06-07T21:44:48+0000' | timeago}} • Announcement

$CMTL lowered its FY17 EPS goal to about $0.67 from about $0.68. $CMTL now sees Adjusted EBITDA of $68-70MM. This reflects updated revenue targets, the benefit of additional cost reduction actions and the impact of overall favorable changes in product mix assumptions.

$CMTL {{ '2017-06-07T21:41:44+0000' | timeago}} • Announcement

$CMTL lowered its FY17 revenue target to $550-555MM from $570-580MM. This new target largely reflects the company's updated assessment of the impact of its tactical shift in strategy in its Government Solutions segment, a longer sales cycle for its HEIGHTS products and other product mix changes.

$CMTL {{ '2017-06-07T21:39:47+0000' | timeago}} • Announcement

$CMTL swung to a profit in 3Q17 from a loss last year, on higher sales as well as last year's acquisition plan expenses. Net income was $4.42MM or $0.19 per share compared to a loss of $14.36MM or $0.89 per share last year. Net sales grew to $127.8MM from $124.19MM.

$CMTL {{ '2017-05-15T14:57:29+0000' | timeago}} • Announcement

$CMTL said its Maryland-based subsidiary, TeleCommunication Systems, Inc., through its Command & Control Technologies group has been awarded General Service Administration Complex Commercial SATCOM Solutions IDIQ Contract. This is a ten year contract with an estimated value of $2.5Bil.

$CMTL {{ '2017-05-08T16:20:56+0000' | timeago}} • Announcement

$CMTL said its subsidiary Comtech Mobile Datacom received a 5-year, Firm Fixed Price, Indefinite-Delivery/Indefinite-Quantity contract for providing Blue Force Tracking (BFT-1) Aviation Terminals to the Defense Logistics Agency. This contract is in addition to $42.7MM contract to provide sustainment support for the BFT-1 program.

$CMTL {{ '2017-05-01T17:49:50+0000' | timeago}} • Announcement

$CMTL said three different customers of Comtech EF Data Corp., which is part of Comtech's Commercial Solutions segment, have installed, accepted and are now using the Heights Networking Platform to support their business needs. These orders, which were received earlier in FY17, have an initial combined contract value of $1.6MM to date.

$CMTL {{ '2017-04-25T18:57:56+0000' | timeago}} • Announcement

$CMTL said during 3Q17, its subsidiary, Comtech EF Data Corp. received a $1.8MM contract award extension for additional Advanced Time Division Multiple Access Interface Processor production terminals and Engineering Support Services from the Space and Naval Warfare Systems Command (SPAWAR).

$CMTL {{ '2017-04-10T17:25:32+0000' | timeago}} • Announcement

$CMTL's subsidiary Comtech Systems, which is part of its Government Solutions segment, received a follow-on order for the first ever shipboard troposcatter system to meet the U.S. Military's growing requirement for offshore, beyond the horizon communications for ships underway during 3Q17. Total orders received during FY17 have aggregated $1.6MM.

$CMTL {{ '2017-03-30T18:16:01+0000' | timeago}} • Announcement

During 3Q17, $CMTL’s Comtech Xicom Technology Inc. subsidiary received a follow-on contract for more than $6.6MM from a US military integrator for high-power satellite communication (SATCOM) traveling wave tube amplifiers. This is the third award of a multi-year program for these power amplifiers used in tactical transportable SATCOM terminals.

$CMTL {{ '2017-03-29T17:21:14+0000' | timeago}} • Announcement

$CMTL's Command and Control Technologies group was awarded orders totaling about $24MM by an international space agency. The orders are for the design, development and installation of multiple launch vehicle tracking stations in the South Pacific.

$CMTL {{ '2017-03-21T16:29:13+0000' | timeago}} • Announcement

$CMTL said its Command & Control Technologies group, which is part of its Government Solutions segment, received a $3.4MM order from a prime contractor to the Department of Defense (DoD) to renew managed network services.

$CMTL {{ '2017-03-15T19:11:12+0000' | timeago}} • Announcement

$CMTL's Commercial Solutions segment received a two-year renewal agreement worth $7.3MM with a tier-one North American telecommunications company for the use of a customized location positioning gateway that manages all location requirements and access technologies. The platform will be extended to include location of Internet of Things devices.

$CMTL {{ '2017-03-09T14:45:59+0000' | timeago}} • Webcast

$CMTL is focusing on government programs for niche products with good margins. $CMTL is not participating in some programs in the low margin service contracts. The downdraft in the government business revenues will occur during 2017. $CMTL is participating in programs that will start in 2018 and so GM and revenue improvement will start in 2018.

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