Summary

Comtech Sees Revenue Above Estimates

Comtech Telecom (CMTL) reported a 2nd Quarter January 2023 loss of $0.23 per share on revenue of $133.7 million. on revenue of $133.3 million. Revenue grew 11.1% on a year-over-year basis.

The company said it expects third quarter revenue of $135.0 million to $137.7 million. The current consensus revenue estimate is $132.72 million for the quarter ending April 30, 2023.

Comtech Telecommunications Corp is engaged in designing, developing, producing and marketing products, systems and services for advanced communications solutions.

Earnings Release

Comtech Announces Results for its Second Quarter of Fiscal 2023 and Updates Third Quarter Fiscal 2023 Financial Targets

MELVILLE, N.Y.--(BUSINESS WIRE)--March 9, 2023-- Comtech (NASDAQ: CMTL) today announced its second quarter fiscal 2023 financial results and updated its third quarter fiscal 2023 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech's website.

Investors are invited to access the second quarter fiscal 2023 shareholder letter at its web site at comtech.com/investor-relations/. A copy of the letter will also be filed with the Securities and Exchange Commission in a Form 8-K.

Comtech also intends to host a previously scheduled earnings conference call at 5:00PM ET today that is intended to be briefer but provide more time for questions and discussion. Individuals can access the conference call by dialing (800) 225-9448 (domestic) or (203) 518-9708 (international) and using the conference I.D. of “Comtech.” A replay of the conference call will be available for two weeks by dialing (800) 839-3516 or (402) 220-7238. A live webcast of the call is also available at comtech.com/investor-relations/.

About Comtech

Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions. For more information, please visit www.comtech.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward- looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20230309005635/en/

Investor Relations
Robert Samuels
investors@comtech.com

Source: Comtech Telecommunications Corp.