Comtech Telecommunications reports developments across mission-critical communications technologies for government, public safety, defense, mobile network and commercial customers. Its updates cover the Satellite and Space Communications segment, including satellite modems, amplifiers, troposcatter technologies, cybersecurity training and space components, as well as Allerium, the segment focused on Next Generation 9-1-1 infrastructure, emergency services and location-intelligence platforms.
Recurring news includes NG911 deployments for public-safety agencies, SATCOM modem deliveries, multi-orbit terminal collaborations, space components awards, and quarterly operating results. Company announcements also discuss backlog, product-line streamlining, transformation initiatives and the role of Comtech systems in secure, resilient connectivity across orbit, network and ground.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a follow-on contract worth $3.5 million to its New York-based subsidiary, Comtech PST Corp., for solid-state, high-power RF amplifiers. This contract, awarded during the company's second quarter of fiscal 2021, is with a major medical instrumentation provider and supports advanced cancer treatment technologies. CEO Fred Kornberg highlighted the company's strengths in delivering critical medical solutions. Comtech PST Corp. specializes in high-performance RF microwave amplifiers for diverse applications, including medical and defense.
Comtech Telecommunications Corp. (CMTL) reported strong first-quarter results for fiscal 2021, with net sales of $135.2 million and an Adjusted EBITDA of $14.3 million, exceeding expectations. The company's backlog reached $605.5 million, contributing to a revenue visibility of approximately $1.0 billion. However, the company faced significant acquisition expenses totaling $91.2 million, leading to a GAAP net loss of $85.8 million and a diluted EPS of $(3.39). Despite these challenges, Comtech expects fiscal 2021 net sales to be between $610 million and $630 million.
Comtech Telecommunications Corp. declared a $0.10 quarterly cash dividend per share, marking its 42nd consecutive dividend. The dividend is payable on February 19, 2021, to shareholders on record by January 20, 2021. Future dividends depend on compliance with financial covenants under the secured credit facility and Board approval. Comtech specializes in designing advanced communication solutions for both commercial and government sectors, showcasing a strong commitment to returning value to shareholders.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced $2.1 million in additional funding for Option Year 3 of contract GS03Q17DSC0002, increasing the total contract value to approximately $29.3 million. This contract supports the U.S. Army’s Project Manager Mission Command Blue Force Tracking program, with the performance period for Option Year 3 running from April 15, 2020, to April 14, 2021. Comtech's Mission-Critical Technologies group continues to deliver essential engineering services and satellite network operations, highlighting its commitment to U.S. Army support.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced an additional $2.6 million in orders during Q1 fiscal 2021 for its Joint Cyber Analysis Course (JCAC) Training solutions, part of a $68.0 million contract from the Federal Government, with $65.6 million funded to date. CEO Fred Kornberg indicated the importance of these awards in demonstrating the value of their offerings for cyber training. The Mission-Critical Technologies group focuses on enhancing communication capabilities in various environments and securing customer networks.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a fully funded contract for Next Generation emergency communications through its Comtech Solacom Technologies division. This contract, awarded by an Asia-Pacific country, includes multiple support years and entails providing a complete turnkey solution for a Guardian call management system. Designed for multiple call centers, the geo-diverse setup ensures maximum service availability. Comtech Solacom leverages over 30 years of innovation in public safety technologies.
Comtech Telecommunications Corp. (NASDAQ: CMTL) will report its first quarter fiscal 2021 results after market close on December 9, 2020. Following the release, an investor conference call is scheduled for the same day at 4:30 PM ET, accessible via webcast or phone. Comtech specializes in advanced communications solutions, serving a diverse clientele in commercial and government sectors.
Forward-looking statements in the release mention risks and uncertainties that could affect actual outcomes.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced that its subsidiary, Comtech EF Data Corp., received $1.0 million in delivery orders as part of a $58.8 million indefinite delivery/indefinite quantity contract with the U.S. Naval Information Warfare Systems Command. The total funded orders under this contract have now reached $30.7 million. The delivery orders include the latest SLM-5650B Satellite Modems, which enhance performance and support interoperability across Navy platforms. Comtech continues to support critical communications requirements for military applications.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $2.4 million Next Generation 911 (NG911) services contract with the City of Edmonton during Q1 fiscal 2021. The contract includes an initial funding of $1.6 million, which Comtech booked in the same quarter. Comtech Solacom will provide its Guardian NG911 call handling solution to the Edmonton Police and Fire Services, deploying 80 emergency call positions and training systems. The system is designed to support future capabilities, including Real Time Text and multimedia calling, aligning with Canadian NG911 directives.
Comtech Telecommunications Corp. (NASDAQ: CMTL) will present at the Diamond Equity Research 2020 Virtual Emerging Growth Invitational on December 1, 2020, at 3:00 pm ET. The presentation aims to provide an overview of the company's business opportunities and will include a Q&A session. Investors can register for the event at Diamond Equity Research. A webcast of the presentation will also be available on Comtech's website for a limited time.