Welcome to our dedicated page for COMSOVEREIGN HOLDING CP news (Ticker: COMS), a resource for investors and traders seeking the latest updates and insights on COMSOVEREIGN HOLDING CP stock.
COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) is a leading developer of advanced telecommunications solutions, catering to telecom network operators, mobile device carriers, and various enterprises worldwide. The company specializes in designing, manufacturing, and selling microwave packet radio equipment. Their products, such as backhaul telecom radios, enable service providers, government agencies, and enterprises to meet rising bandwidth demands efficiently and cost-effectively. These radios facilitate broadband voice, video, and data transmission.
COMSovereign also offers cutting-edge in-band full-duplex and transpositional modulation technologies designed to overcome the performance limitations of conventional transmission technologies. Their portfolio extends to intelligent batteries and backup power solutions, which are crucial for cellular towers, radio access network infrastructures, and various vehicles, including automotive, aerospace, and marine.
The company's commitment to innovation is evident in their development and sale of tethered drones and aerostats, used in intelligence, surveillance, reconnaissance, and communications applications. Their strategic approach includes both organic research and development and strategic acquisitions, bolstering their ability to provide comprehensive 4G LTE Advanced and 5G solutions.
Recent achievements include a reseller agreement with SIFF LLC for cloud-based network change monitoring and compliance software, enhancing their SaaS offerings. They have also successfully deployed Fastback Intelligent Backhaul Radios with a major travel stop network, demonstrating the practical impact and reliability of their solutions in real-world settings. These radios are recognized for their exceptional performance in highly congested environments and ease of installation, especially in rural or remote locations.
Despite recent challenges with SEC filings, COMSovereign remains committed to regulatory compliance and has made significant strides in filing delinquent reports. Their ongoing efforts to streamline operations and reduce costs have positioned them well for future growth and sustainability. For more updates and information, please visit their website www.comsovereign.com.
COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) reported a 103% increase in Q3 2021 revenues, reaching approximately $4.1 million, compared to $2.0 million in Q3 2020. Gross profit surged to $2.3 million with a 55% gross margin. However, total operating expenses rose to $12.7 million from $7.9 million, affecting profitability. Supply chain issues impacted growth, although the company is implementing strategies to mitigate these challenges. It ended Q3 with $2.9 million in cash and significant inventory investments.
COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) will host a conference call on November 15, 2021, at 4:30 PM Eastern Time, to discuss its third-quarter results for the period ending September 30, 2021. The call will feature remarks from Chairman and CEO Dan Hodges and CFO Fran Jandjel, followed by a Q&A session. A press release with the results will be issued before the call. The conference will be accessible via a toll-free dial-in number and will also be available for replay after 7:30 PM Eastern Time.
On November 5, 2021, COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) announced a cash dividend of $0.1927 per share for its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend is payable on November 20, 2021, to shareholders on record as of the dividend record date of October 31, 2021. The company specializes in 4G LTE Advanced and 5G communication systems, focusing on enhancing connectivity through strategic acquisitions and development efforts.
COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) announced its participation in the Rocky Mountain Microcap Conference VIII, scheduled for November 3, 2021. Chairman and CEO Dan Hodges will present at 12:56 pm EDT. The conference will be held in-person, and a webcast is available for access. COMSovereign specializes in 4G LTE Advanced and 5G communication solutions, enhancing connectivity through strategic acquisitions and R&D. Presentation materials can be found on the company's Investor Relations website.
COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) has priced its public offering of 320,000 shares of 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock at $25.00 per share, aiming for gross proceeds of approximately $8 million. Trading of the Series A Preferred Stock is set to commence on October 27, 2021, under the symbol 'COMSP', with the offering expected to close around October 29, 2021. Proceeds will be used for repaying outstanding debt and general corporate purposes. The offering is managed by The Benchmark Company, LLC and others.
COMSovereign Holding Corp. (NASDAQ: COMS) announced the delivery of its 5G Open RAN-compliant system to the National Institute of Standards and Technology (NIST) under a Cooperative Research and Development Agreement. This partnership aims to evaluate 5G and MEC systems for public safety applications. The system will be utilized to test 3GPP standards and deployment feasibility. COMSovereign continues to engage with various stakeholders, enhancing its position in the 5G market and supporting advancements in wireless communication technology.
On October 19, 2021, COMSovereign Holding Corp. (NASDAQ: COMS) announced progress in collaboration with Total Network Solutions (TNS) to enhance U.S. telecommunications infrastructure security through blockchain technology. The partnership aims to develop multifactor authentication and a tokenized Mobile Equipment Identifier (E-MEID) for improved network security. Initial tests for 4G LTE and 5G systems are underway, as COMSovereign integrates new authentication technologies. This initiative aligns with U.S. cybersecurity efforts and TIA's supply chain security standards.
COMSovereign Holding Corp. (NASDAQ: COMS) announced that its RF Engineering & Energy Resource unit received Google's 'Android TV Operator Tier' certification for its new IPTV device, the Symphony Allegro Set Top Box. This certification allows service providers to fully customize the Android TV experience, enhancing user engagement. The company has initiated the manufacturing of 5,000 units, aiming for early December availability. CEO Thomas Mansfield highlighted the significance of this achievement in capitalizing on the growing demand for streaming services, enhancing their telecommunications offerings.
COMSovereign Holding Corp. (NASDAQ: COMS) has appointed Fran Jandjel as the new Chief Financial Officer, effective immediately. Jandjel, who has over 25 years of financial leadership experience, replaces Martin R. Wade III, who has stepped down after developing the financial reporting organization post the company’s Nasdaq up listing. Jandjel's background includes roles in both public and private sectors, and she aims to strengthen COMSovereign's financial strategy amid growth opportunities. The transition reflects the company's commitment to robust financial management.
COMSovereign Holding Corp. (NASDAQ: COMS) has launched the "Extend" line of ultra high-capacity mmWave radios through its DragonWave unit in partnership with Siklu. These radios deliver multi-gigabit connections over distances of up to 6 miles (10 km) with 99.999% reliability. The combination of Siklu's gigabit E-band radios and DragonWave's packet microwave technology aims to meet the demand for reliable wireless connectivity across various sectors, including mobile networks and public safety.
FAQ
What is the current stock price of COMSOVEREIGN HOLDING CP (COMS)?
What is the market cap of COMSOVEREIGN HOLDING CP (COMS)?
What does COMSovereign Holding Corp. specialize in?
What recent achievements has COMSovereign announced?
What are COMSovereign's main product offerings?
How does COMSovereign support 4G and 5G communications?
What challenges is COMSovereign currently facing?
What are COMSovereign's future plans?
Who are COMSovereign's key partners?
Where is COMSovereign based?
What is the significance of COMSovereign's Fastback Intelligent Backhaul Radios?
How can I stay updated on COMSovereign's developments?
