Comtech Telecommunications Corp. Reports Financial Results for Third Quarter of Fiscal 2026

Comtech Telecommunications Corp. announced its financial results for the third quarter of fiscal 2026, ending April 30, 2026. The company reported net sales of $106.0 million, a decrease of 16.4% compared to the same period in fiscal 2025. The operating loss was $3.1 million, with a net loss attributable to common shareholders of $14.3 million. However, Adjusted EBITDA was $8.2 million, marking the fifth consecutive quarter of positive operating cash flow, which was $6.1 million. The company also announced the sale of most of its Satellite and Space Communications business for $157.5 million and negotiated improved terms with creditors and preferred shareholders. These actions are part of a transformation plan aimed at operational discipline, returning to positive operating cash flow, reviewing strategic alternatives, and strengthening the capital structure. Comtech is streamlining its business to focus on public safety and mission-critical technologies, rebranding its operations as "Allerium." The company reported total liquidity of $49.4 million at quarter end. The sale of the Satellite and Space Communications business is expected to generate net proceeds of approximately $143.0 million to $145.0 million, which will be used to prepay debt.