NASDAQ$CMTL
Comtech Telecommunications Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported financial results for the first fiscal quarter and reconfirmed financial targets for fiscal 2022.
Comtech Telecommunications Corp. reported consolidated net sales of $116.8 million and a GAAP net loss of $6.0 million for the first quarter of fiscal 2022. The company reconfirmed its financial targets for fiscal 2022, expecting consolidated net sales to be in the range of $580.0 million to $600.0 million and Adjusted EBITDA between $70.0 million and $76.0 million.
- Consolidated net sales for the first quarter of fiscal 2022 were $116.8 million, GAAP net loss was $6.0 million and Adjusted EBITDA was $5.5 million.
- New bookings for the first quarter of fiscal 2022 were $86.4 million, resulting in a quarterly book-to-bill ratio of 0.74x.
- Backlog as of October 31, 2021, was $628.5 million, $23.0 million higher than the backlog that existed as of October 31, 2020.
- Comtech secured a $100.0 million strategic growth investment from White Hat Capital Partners, LP and Magnetar Capital LLC.
Headline financials
Revenue & EPS history
Comtech · Revenue · Quarterly
$117M
Revenue by segment
Comtech · $106M total across 2 segments · Q3 2026
- Allerium$55.7M—52.5%
- Satellite and Space Communications$50.3M—47.5%
Forward guidance
Comtech reconfirms it is targeting to achieve fiscal 2022 consolidated net sales to be in a range of $580.0 million to $600.0 million and Adjusted EBITDA between $70.0 million and $76.0 million.
Tailwinds
- Comtech expects sequential performance improvements through the year.
- Supply chain constraints will ease during the second half of its fiscal 2022.
- Increase company-wide collaboration to exploit emerging opportunities
- Creation of a focused commercial satellite networking group based in the United States that will cater to the needs of certain U.S. government customers
- Expanding the employee talent pool including adding a new COO and dedicated investor relations professional
Headwinds
- COVID-19 continuing to impact global markets and supply chains
- Reliable forecasting remains challenging.
- Financial performance in the first half of fiscal 2022 to be significantly lower than the comparative period of fiscal 2021.
- Global supply chain issues make the amount and timing of start-up manufacturing expenses and restructuring costs difficult to predict.
- GAAP operating income in fiscal 2022 will be impacted by greater than normal proxy solicitation costs, as well as leadership transition costs associated with the appointment of a new CEO.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-3.1%
Avg return
Earnings day
-3.0%
Avg return
5 days after
-3.9%
Avg return
30 days after
32%
21 / 66 earnings
Positive
+75.6%
Q3 2024
Best reaction
-26.9%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | -24.5% | -25.4% | -17.5% | |
| Q1 2026 | -15.5% | -21.3% | +51.1% | |
| Q4 2025 | +7.0% | +6.7% | +20.7% | |
| Q3 2025 | +0.0% | +14.4% | +26.2% | |
| Q2 2025 | -11.3% | -9.4% | -36.6% | |
| Q4 2024 | -24.8% | +1.7% | -26.6% | |
| Q3 2024 | +75.6% | +67.7% | +40.1% | |
| Q2 2024 | -25.3% | -30.1% | -56.2% | |
| Q1 2024 | -26.9% | -36.4% | -31.8% | |
| Q4 2023 | +17.8% | +17.3% | +37.0% | |
| Q3 2023 | -19.1% | -20.6% | -23.8% | |
| Q2 2023 | -15.8% | -22.6% | -24.8% | |
| Q1 2023 | +5.4% | +3.1% | -1.6% | |
| Q4 2022 | -2.4% | +4.2% | +5.9% | |
| Q3 2022 | -24.0% | -28.5% | -25.9% | |
| Q2 2022 | -19.3% | -19.5% | -25.2% | |
| Q1 2022 | -2.9% | -6.8% | -6.7% | |
| Q4 2021 | -13.5% | -12.9% | +1.1% | |
| Q3 2021 | -10.4% | -12.1% | +1.8% | |
| Q2 2021 | -3.5% | -10.4% | -13.8% | |
| Q1 2021 | -14.4% | -11.6% | +10.5% | |
| Q4 2020 | -0.2% | -0.4% | +6.8% | |
| Q3 2020 | -7.2% | +6.6% | -13.3% | |
| Q2 2020 | -15.2% | -22.4% | -56.8% | |
| Q1 2020 | -0.5% | -3.9% | -1.5% | |
| Q4 2019 | +17.6% | +12.3% | +6.6% | |
| Q3 2019 | +17.5% | +17.4% | +24.0% | |
| Q2 2019 | -10.0% | -14.9% | -12.2% | |
| Q1 2019 | +13.7% | +1.5% | -2.7% | |
| Q4 2018 | -5.9% | +2.3% | -19.0% | |
| Q3 2018 | -2.0% | -4.5% | -1.2% | |
| Q2 2018 | +25.3% | +28.2% | +23.9% | |
| Q1 2018 | +6.3% | -0.6% | +5.3% | |
| Q4 2017 | -13.5% | -4.3% | +5.6% | |
| Q3 2017 | +17.4% | +24.0% | +23.6% | |
| Q2 2017 | +24.8% | +28.5% | +20.6% | |
| Q1 2017 | -11.9% | -4.8% | -0.3% | |
| Q4 2016 | -7.2% | -10.0% | -24.6% | |
| Q3 2016 | -10.8% | -20.9% | -42.3% | |
| Q2 2016 | +0.0% | — | — | |
| Q1 2016 | -5.7% | — | — | |
| Q4 2015 | -19.4% | — | — | |
| Q3 2015 | -0.4% | — | — | |
| Q2 2015 | -13.1% | — | — | |
| Q1 2015 | -16.0% | — | — | |
| Q4 2014 | -5.7% | — | — | |
| Q3 2014 | +23.3% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q4 2013 | +5.8% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q2 2013 | -4.9% | — | — | |
| Q1 2013 | -5.8% | — | — | |
| Q4 2012 | -2.7% | — | — | |
| Q3 2012 | +4.5% | — | — | |
| Q2 2012 | +4.2% | — | — | |
| Q1 2012 | -4.4% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q4 2009 | +2.0% | — | — | |
| Q3 2010 | -10.8% | — | — | |
| Q3 2011 | -10.8% | — | — | |
| Q2 2010 | -3.5% | — | — | |
| Q2 2011 | -3.5% | — | — | |
| Q1 2011 | -12.1% | — | — | |
| Q4 2010 | -12.1% | — | — | |
| Q1 2010 | -12.1% | — | — |
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