CMTL - Investigation Into Comtech Telecommunications (CMTL) Announced by Hagens Berman | Benzinga

SAN FRANCISCO, July 19, 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, 2024, on time. While Comtech expects to file within a five-week grace period allowed by the SEC, the delay raises further concerns ...

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