Published on 18 Mar 2024 on GuruFocus.com via Yahoo Finance

Comtech Telecommunications Corp (CMTL) Reports Mixed Q2 FY2024 Results Amid Refinancing Efforts

Net Sales: Slight year-over-year increase to $134.2 million.Gross Margin: Reported at 32.2%, down from 34.3% in Q2 FY2023.Adjusted EBITDA: Grew 33% year-over-year to $15.1 million, margin at 11.3%.GAAP Operating Income: Improved to $3.0 million from a loss of $0.8 million in Q2 FY2023.Refinancing: A top priority, with strategic investments and lender negotiations underway.Backlog: Remains healthy at approximately $680 million.

Warning! GuruFocus has detected 3 Warning Signs with CMTL.

On March 18, 2024, Comtech Telecommunications Corp (NASDAQ:CMTL) released its 8-K filing, detailing the financial results for the second quarter of fiscal year 2024. Comtech, a provider of advanced communication solutions, operates primarily through two segments: Satellite and Space Communications and Terrestrial and Wireless Networks.