Comtech Telecommunications Corp. director Lawrence Waldman received a grant of restricted stock units, giving him rights to acquire 36,620 shares of common stock. These units were awarded under the company’s 2023 Equity and Incentive Plan as compensation rather than an open-market purchase.
Following this award, Waldman directly holds 103,974 shares or units tied to Comtech common stock. The grant will generally vest in full on the earlier of one year after the grant date or the next annual stockholders’ meeting that occurs at least fifty weeks after the prior annual meeting, assuming continued service through the vesting date.
Quinlan Mark R. reported acquisition or exercise transactions in this Form 4 filing.
Comtech Telecommunications Corp. reported that director Mark R. Quinlan received a grant of 36,620 restricted stock units (RSUs) on March 24, 2026 under the company’s 2023 Equity and Incentive Plan. Each RSU represents the right to receive one share of common stock upon vesting.
The award will generally vest in full on the earlier of the one-year anniversary of the grant date or the date of Comtech’s next annual stockholders’ meeting, if that meeting occurs at least fifty weeks after the prior year’s annual meeting, and is subject to continued service. Following this grant, Quinlan holds 91,275 RSUs.
Comtech Telecommunications Corp. is registering up to $125,000,000 of securities under a shelf registration to be offered from time to time, including common stock, preferred stock, debt securities, warrants, purchase contracts and units, subject to prospectus supplements.
As context, 29,734,119 shares of common stock were issued and outstanding as of March 17, 2026. The prospectus states proceeds use is for general corporate purposes, and the offering is being made under an S-3 shelf with Nasdaq listing of the common stock under the symbol CMTL.
Comtech Telecommunications reported mixed but improving results for its second quarter ended January 31, 2026. Net sales fell to $106.8 million from $126.6 million a year earlier as the company intentionally exited low‑margin satellite contracts and absorbed impacts from a U.S. government shutdown.
Despite lower revenue, gross margin strengthened sharply to 33.9%, up from 26.7%, and Adjusted EBITDA rose to $9.1 million from $2.9 million. Operating loss narrowed to $1.2 million, while net loss attributable to common shareholders was $20.2 million, or $0.68 per share.
Bookings were strong at $175.4 million, a 1.64x book‑to‑bill ratio, lifting funded backlog to $731.6 million and revenue visibility to about $1.1 billion. The company generated its fourth consecutive quarter of positive operating cash flow, with $4.9 million from operations and quarter‑end liquidity of $49.9 million, but remains highly leveraged with sizable credit facility and convertible preferred stock obligations.
Comtech Telecommunications Corp. reported weaker sales but improved profitability for the three and six months ended January 31, 2026. Net sales fell to $106.8M for the quarter and $217.8M for six months, down from $126.6M and $242.4M a year earlier. However, gross profit rose to $36.2M for the quarter and $73.0M year‑to‑date as cost of sales declined sharply. Operating loss narrowed to $1.2M for the quarter and $4.0M year‑to‑date, compared with a $139.4M operating loss in the prior‑year six‑month period that included a large impairment. After high interest expense and fair‑value adjustments on warrants and derivatives, net loss attributable to common stockholders was $20.2M for the quarter and $39.9M for six months, versus $178.2M a year earlier. Cash from operating activities turned positive at $12.9M, and cash and cash equivalents were $32.8M. The company remains highly leveraged, with $111.7M outstanding under its senior credit facility, $103.5M under a subordinated facility, and convertible preferred stock with a $213.4M liquidation preference, against stockholders’ equity of $65.6M. Management has secured multiple covenant waivers and amendments and believes existing liquidity, including revolving capacity, will fund operations for at least the next year, supported by funded backlog of $731.6M.
Comtech Telecommunications Corp. reported the voting results of its Fiscal 2025 Annual Meeting of Stockholders held on March 9, 2026. Stockholders elected seven directors to the Board, with each nominee receiving more votes "For" than "Against."
On an advisory basis, stockholders approved the compensation of the Company’s named executive officers, with 32,033,498 votes in favor and 5,598,343 against. They also ratified the selection of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending July 31, 2026. In addition, stockholders approved an amendment to the 2023 Equity and Incentive Plan to increase the number of shares of common stock available under the plan.
Comtech Telecommunications Corp. (CMTL) received an updated ownership report from Needham entities. Needham Investment Management, Needham Asset Management, Needham Aggressive Growth Fund and George A. Needham together report beneficial ownership of up to 1,174,300 shares of common stock, representing 4.0% of the class. The Needham Aggressive Growth Fund directly holds 1,019,500 shares, or 3.4% of the outstanding common stock.
The filing states that all reported shares are directly owned by advisory clients of Needham Investment Management, and no individual advisory client is deemed to own more than 5% of the stock. The reporting persons certify the holdings are not intended to change or influence control of Comtech.
Comtech Telecommunications Corp. officer Daniel Gizinski reported routine equity compensation activity. On 02/04/2026, 1,019 restricted stock units vested and converted into 1,019 shares of common stock on a one-for-one basis. Of these, 460 shares were withheld at $5.29 per share to cover federal, state and FICA tax obligations, leaving 31,240 common shares beneficially owned directly after the transactions.
Following the vesting, Gizinski also reported 145,435 restricted stock units beneficially owned, reflecting remaining unvested or unsettled awards. He serves as President, S&S Communications Segment and is an officer but not a director or 10% owner of Comtech Telecommunications Corp.
Comtech’s 2025 annual report describes a major financial turnaround driven by a broad transformation plan. After seven quarters of going concern warnings, the company generated positive operating cash flow of $2.3 million in Q3 2025 and $11.4 million in Q4, removing substantial doubt about its ability to continue as a going concern.
Liquidity improved to $47.0 million at July 31, 2025 from approximately $18.0 million in December 2023, while senior debt under its credit facility fell from $202.9 million to $133.9 million over six months. Gross margin rose from 12.5% to 31.2% through the year, and Adjusted EBITDA improved from negative $30.8 million in Q1 to positive $13.3 million in Q4 as low‑margin legacy contracts were phased out.
The report highlights a $672.1 million backlog, a multi‑year contract extension with a top‑tier U.S. mobile network operator valued above $130.0 million, and a roughly 23% workforce reduction targeting $47.0 million in annual labor cost savings. Comtech now operates through two core growth segments: Satellite and Space Communications and Allerium, its rebranded public‑safety and location business.
Comtech Telecommunications Corp. is asking stockholders to vote at its virtual Fiscal 2025 Annual Meeting on March 9, 2026 on electing seven directors, executive pay, auditor ratification, and increasing shares under its 2023 equity plan.
The company highlights a major fiscal 2025 turnaround, including removal of going-concern language, positive operating cash flow of $2.3 million in Q3 and $11.4 million in Q4, liquidity of $47 million and reduced accounts payable of $26 million as of July 31, 2025. Gross margin rose from 12.5% in Q1 to 31.2% in Q4 and Adjusted EBITDA improved from negative $31 million to positive $13 million. Comtech also secured $100 million in subordinated debt, a covenant holiday through January 31, 2027, and refreshed its board and leadership.