Comtech Telecommunications Corp. reported quarterly net sales of $106.0 million, down from $126.8 million a year earlier, and a net loss attributable to common stockholders of $14.3 million, or $0.47 per share. For the nine months, sales were $323.8 million with a net loss to common of $54.2 million.
Total assets were $693.5 million as of April 30 2026, with stockholders’ equity of $52.5 million and substantial convertible preferred stock of $210.8 million. Operating cash flow turned positive at $19.1 million for the nine months.
Subsequent to quarter-end, Comtech agreed to sell most of its Satellite and Space Communications business for a base cash purchase price of $157.5 million, including a $10.0 million advance payment. Under its credit agreements, 65% of net proceeds will repay the senior Credit Facility and 35% will repay subordinated term loans, while key leverage and coverage covenants are suspended through July 31 2027.
Comtech Telecommunications executive Jeffery Paul Robertson exercised restricted stock units and had shares withheld for taxes. On this date, 38,910 restricted stock units converted into an equal number of common shares, while 19,798 shares were withheld to cover federal, state and FICA tax obligations.
After these transactions, he directly held 65,957 shares of common stock and 163,703 restricted stock units, reflecting a routine compensation-related vesting and tax-withholding event rather than an open-market trade.
Comtech Telecommunications Corp. reported that QVT Financial beneficially owns 1,694,467 shares of Common Stock. The filing states QVT has sole voting and sole dispositive power over 1,694,467 shares, representing 5.71% of the class as reported.
The statement is a passive Schedule 13G ownership disclosure signed by an authorized signatory on 05/15/2026. It lists QVT's address as 888 Seventh Avenue, New York, NY and identifies the class as Common stock, $0.10 par value (CUSIP 205826209).
Comtech Telecommunications Corp. reported that director Bruce T. Crawford has notified the company of his intention to resign from its Board of Directors. His resignation is expected to be effective on or about June 15, 2026, in connection with his appointment as president and Chief Executive Officer of AFCEA International, which will also be effective on or about that date. The company states that Mr. Crawford’s decision to resign was not the result of any disagreement with the company or its Board, and it publicly thanks him for his dedication and years of service as a director.
Comtech Telecommunications Chief Legal Officer Donald E. Walther reported routine equity compensation activity in the form of restricted stock unit (RSU) vesting and related tax withholding. On April 28, 2026, RSUs converted into a total of 30,671 shares of common stock at no exercise price.
To cover federal, state and Federal Insurance Contributions Act (FICA) tax obligations, 10,475 shares of common stock were disposed of through tax-withholding transactions at a reference price of $3.52 per share, rather than through open-market sales. After these transactions, Walther directly owned 43,555 shares of Comtech common stock.
Comtech Telecommunications Corp. director Bruce T. Crawford reported receiving a grant of 36,620 shares of restricted common stock. These shares were awarded at no cash cost under the company’s 2023 Equity and Incentive Plan and will convert into common stock as they vest.
The award generally vests in full on the earlier of the one-year anniversary of the grant date or the date of the next annual stockholders’ meeting, as long as that meeting occurs at least 50 weeks after the prior year’s meeting and Crawford continues to serve through the vesting date.
Hildebrandt Michael reported acquisition or exercise transactions in this Form 4 filing.
Comtech Telecommunications Corp. director Michael Hildebrandt reported an equity compensation grant of 36,620 shares of common stock in the form of restricted stock awarded at no purchase price. These shares were granted under the company’s 2023 Equity and Incentive Plan.
The restricted stock generally vests in full on the earlier of the one-year anniversary of the grant date or the company’s next annual meeting of stockholders, subject to continued service and timing conditions described in the award. Following this grant, Hildebrandt directly holds 73,836 shares of Comtech common stock.
RAYMOND MARY JANE reported acquisition or exercise transactions in this Form 4 filing.
Comtech Telecommunications Corp. director Mary Jane Raymond received a grant of 36,620 shares of common stock as a restricted stock award. The award was made at no cash cost to her under the company’s 2023 Equity and Incentive Plan, bringing her direct holdings to 36,620 shares.
The restricted stock generally vests in full on the earlier of the one-year anniversary of the grant date or the company’s next annual meeting of stockholders, provided that meeting occurs at least 50 weeks after the prior annual meeting and she continues in service through the vesting date.
Sprung Lloyd A. reported acquisition or exercise transactions in this Form 4 filing.
Comtech Telecommunications Corp. director Lloyd A. Sprung received a grant of 36,620 shares of restricted common stock. These awards were granted under the company’s 2023 Equity and Incentive Plan and will generally vest in full on the earlier of one year after the grant date or the next annual stockholders’ meeting, subject to continued service.