Earnings ·
Comtech reports Q4 net loss of $9.4M, agrees to sell S&S business for $157.5M
CMTLComtech Telecommunications Corp
Comtech Telecommunications reported a fourth-quarter net loss attributable to common shareholders of $9.4 million on sales of $66.2 million, with adjusted EBITDA rising 26% to $20.6 million for the full fiscal year ended July 31, 2026. The company also announced a definitive agreement to sell most of its Satellite and Space Communications business to an affiliate of Gilat Satellite Networks Ltd for $157.5 million in cash, subject to regulatory approvals and expected to close in calendar 2026. Concurrently, Comtech amended its credit facilities and preferred stock agreements to enhance financial flexibility and reduce capital costs ahead of the transaction. The company operates in the communications technology sector, providing mission-critical public safety and emergency communications infrastructure.