CMTL - Comtech Telecom trades low amid supply chain constraints and inflation concerns
Comtech Telecommunications (NASDAQ:CMTL) reported a sequential growth of 1.4% in consolidated net sales to $122.1M. Adj. EBITDA of $11.2M, a 14.3% sequential increase. Gross margins improved sequentially ten basis points to 38.2%. GAAP net loss attributable to common stockholders was $1.7M, and included $0.9M of strategic emerging technology costs for next-generation satellite technology. The company sees revenue visibility of ~$1.2B which marks the sum of its $602.3M backlog plus the total unfunded value of certain multi-year contracts that it has received. Cash flows used in operating activities of $1.1M In the commercial solutions segment, two NG-911 opportunities which the company expected to generate bookings and revenue in FY22, are now in holding patterns. In Government Solutions segment, a large customer in Asia balked at paying a significant price increase for solutions valued at $10M+ that the company previously expected to book and ship in Q4. The company sees supply chain constraints to remain
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Comtech Telecom trades low amid supply chain constraints and inflation concerns