NASDAQ$CMTL
Comtech Telecommunications Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Comtech's net sales grew for the sixth consecutive quarter, improved adjusted EBITDA to $12.5 million, and announced three new EVOKE technology partnerships.
Comtech delivered improved performance in Q3 2023, with net sales growing for the sixth consecutive quarter. The company's adjusted EBITDA improved to $12.5 million, and they announced three new EVOKE technology partnerships. They expect Q4 fiscal 2023 results to improve.
- Comtech grew net sales for the sixth consecutive quarter.
- Cash flow provided by operating activities for the quarter was $16.6 million.
- Adjusted EBITDA improved to $12.5 million, or a 9.2% margin.
- Three new EVOKE technology partnerships were announced with Aarna Networks, Descartes Labs and WishKnish.
Headline financials
Revenue & EPS history
Comtech · Revenue · Quarterly
$136M
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
For Q4 fiscal 2023, Comtech expects Net Sales to grow between approximately 2.0% and 4.0% on a sequential basis and Adjusted EBITDA Margins to be in the range of 9.5% to 10.5%.
Tailwinds
- Net Sales to grow between approximately 2.0% and 4.0% on a sequential basis
- Adjusted EBITDA Margins to be in the range of 9.5% to 10.5%
- Remain intensely focused on managing operations and cost structure
- Believe that we are on the right course to deliver future margin expansion
- Believe we have good visibility into forward sales
Headwinds
- Sales cycles are less predictable
- Procurement processes are complex
- End markets introduce performance variability
- Global economic and political conditions
- Potential supply chain disruptions
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 Q3 2023
-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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