CMTL - Comtech Telecommunications (CMTL) Delays Filings Again Deepening Financial Uncertainty – Hagens Berman | Benzinga
SAN FRANCISCO, June 17, 2024 (GLOBE NEWSWIRE) --
Hagens Berman urges Comtech Telecommunications Corp. (NASDAQ:CMTL) investors who suffered substantial losses to take action by submitting your losses here.
Website: www.hbsslaw.com/investor-fraud/cmtl
Contact the Firm Now: CMTL@hbsslaw.com | Phone: 844-916-0895
Comtech, a Melville, Long Island provider of next-generation 911 technology, faces heightened financial uncertainty after announcing another delay in filing its quarterly financial statements on June 10, 2024. This latest development adds to a string of negative events that have cast a shadow over the company's future.
Ongoing Refinancing Efforts Cited for Delay
In its June 10 filing with the SEC, Comtech attributed the delay to its ongoing efforts to refinance its credit facility and complete reporting requirements related to goodwill and "going concern" considerations. These factors prevented the company from filing its quarterly report for the period ended Apr. 30, ...
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