COMSOVEREIGN 9.25 PFD A - COMSP STOCK NEWS

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) announced that its subsidiary, Drone Aviation, secured an $8.4 million subcontract from a U.S. Government prime contractor for its Winch Aerostat Small Platform (WASP) and support services. The first unit fulfillment is expected to start in May 2022. This contract validates the company's innovative tethered aerostat technology amidst growing interest in government and commercial applications. Additionally, it signals potential easing of contract delays experienced in 2021, providing optimism for future milestones in 2022.

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) received a notification from Nasdaq on January 18, 2022, indicating non-compliance with Listing Rule 5550(a)(2) due to the company's closing bid price falling below $1.00 for 30 consecutive business days. The company has until July 18, 2022, to regain compliance, maintaining its listing during this period. CEO Dan Hodges expressed confidence in the company's future, citing expectations of sales growth and cost reductions as potential pathways to compliance. Further measures may be taken if compliance is not achieved by the deadline.

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) announced preliminary revenue for fiscal year 2021, expecting to report approximately $6 million for Q4 2021, a 200% increase from $1.9 million in Q4 2020. Total revenues for 2021 are expected to exceed $15.8 million, marking a 68% increase from $9.4 million in 2020. The significant growth is attributed to a $3.5 million order of DragonWave radios and strategic investments in manufacturing capabilities. The company plans to release fully audited financial statements by March 31, 2022.

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) has declared a cash dividend of $0.1927 per share on its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on February 20, 2022. This dividend is for shareholders of record as of January 31, 2022. The announcement emphasizes the company's commitment to shareholder returns amidst its development of advanced 4G LTE and 5G communication systems.

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) has declared a cash dividend of $0.1927 per share on its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock for January 2022. The dividend is payable on January 20, 2022, to shareholders of record as of December 31, 2021. This announcement highlights the company's commitment to providing returns to its investors while operating within the 4G LTE Advanced and 5G communication sectors.

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) has declared a cash dividend of $0.1927 per share on its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock for December 2021. This dividend will be payable on December 20, 2021, to shareholders of record as of November 30, 2021. The announcement reflects the company’s commitment to providing income to its investors, aligning with its operational strategy in developing 4G LTE and 5G communication systems.

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) will present at the Benchmark Company's Discovery One-on-One Virtual Video Investor Conference on December 2, 2021. Chairman and CEO Dan Hodges and CFO Fran Jandjel will lead the presentations. The conference targets micro-cap companies and will facilitate investor interactions. For more information, contact Vince Curatola of The Benchmark Company. COMSovereign specializes in 4G LTE Advanced and 5G solutions, enhancing connectivity across networks.

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) has announced the successful completion of Over-The-Air testing for its Lextrum In-Band Full Duplex (IBFD) self-interference cancellation technology. Following this, the company unveiled ASTARA™, a new electronically reconfigurable antenna designed for self-interference cancellation in wireless communication. This technology promises to enhance bandwidth by up to 100% and supports the advancement of 5G networks. The company plans to license this innovative technology to radio manufacturers, aiming to improve spectral efficiency and throughput performance.

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.