Welcome to our dedicated page for Comtech Telecommunications Cp SEC filings (Ticker: CMTL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Comtech Telecommunications files regulatory reports that document operating results, stockholder governance and board composition for its communications technology business. Recent 8-K filings furnish quarterly and fiscal-year financial results, including segment performance, backlog references, liquidity and transformation-related cost disclosures tied to the company’s satellite, space and emergency-services operations.
Comtech’s proxy and annual-meeting filings cover director elections, advisory executive-compensation votes, auditor ratification and board structure. Other current reports record director appointments and retirements, committee assignments, Nasdaq independence determinations and late-filing disclosure for annual reporting, providing formal records of governance and reporting-status matters for CMTL.
Comtech Telecommunications Corp. investors are told that White Hat–affiliated funds report beneficial ownership capped at 9.99% of the company’s common stock. The stake, spread across several White Hat entities and individuals, includes shares issuable upon conversion of Series B-3 convertible preferred stock and restricted stock units, subject to a “Blocker” that prevents ownership above 9.99%.
The amendment also describes a new subordinated credit agreement amendment that suspends certain financial covenants, sets a 16.0% make-whole interest rate on $65 million of subordinated term loans, and issues lender warrants for up to 125,000 shares at $0.10 per share. White Hat funds agreed to exchange Series B-3 for Series B-4 convertible preferred stock, extend timelines for cash dividends and optional repurchases, accept updated voting limitations, and receive registration rights for common stock issuable from the new preferred shares and warrants.
Comtech Telecommunications Corp. reported that director Bruce T. Crawford has resigned from its Board of Directors, effective June 16, 2026. He is leaving in connection with his appointment as president and Chief Executive Officer of AFCEA International.
The company states that Mr. Crawford’s decision to resign was not due to any disagreement with Comtech or its Board. The Board expressed appreciation for his dedication and years of service as a director.
Comtech Telecommunications agreed to sell most of its Satellite and Space Communications business to an affiliate of Gilat for a cash base price of $157.5 million, including a $10.0 million advance payment. Net cash proceeds are expected to be $143.0–$145.0 million, which the company plans to use to repay existing senior secured and subordinated debt.
Comtech will refocus as a public safety technology company under the Allerium brand and invest about $12.0–$14.0 million in transition costs, targeting annual cost savings of $11.0–$13.0 million. The retained businesses generated roughly $249.0 million of net sales and had funded backlog of $554.0 million for the twelve months ended April 30, 2026, with estimated pro forma Adjusted EBITDA of $33.0–$35.0 million.
The company also secured amendments to its senior and subordinated credit agreements, suspending key financial covenant testing until the four-quarter period ending July 31, 2027 and fixing term loan interest margins at 9.5% over base rate and 10.5% over SOFR. In connection with a subordinated credit amendment, Comtech issued warrants for up to 625,000 common shares at $0.10 per share and agreed to exchange 178,180.34 shares of Series B-3 Convertible Preferred Stock into a new Series B-4 series with a conversion price of $7.99 per share and modified cash dividend and repurchase rights.
Comtech Telecommunications reported third-quarter fiscal 2026 net sales of $106.0 million, down 16.4% from $126.8 million a year earlier, but with higher gross margin of 34.0% versus 30.7%. The company posted an operating loss of $3.1 million and a net loss attributable to common stockholders of $14.3 million.
Adjusted EBITDA was $8.2 million, or 7.8% of net sales, and GAAP operating cash flow was $6.1 million, marking a fifth consecutive quarter of positive operating cash flow. Bookings were $70.5 million, giving a 0.67x book-to-bill ratio, with funded backlog at $696.1 million and revenue visibility of about $1.1 billion. Comtech agreed to sell most of its Satellite and Space Communications business to Gilat for $157.5 million, expects net cash proceeds of approximately $143.0–$145.0 million, and plans to use 65% of proceeds to prepay senior secured debt and 35% to prepay subordinated debt. Credit covenant testing has been suspended on key leverage and coverage ratios until the four-quarter period ending July 31, 2027.
Comtech Telecommunications Corp. reported quarterly net sales of $106.0 million, down from $126.8 million a year earlier, and a net loss attributable to common stockholders of $14.3 million, or $0.47 per share. For the nine months, sales were $323.8 million with a net loss to common of $54.2 million.
Total assets were $693.5 million as of April 30 2026, with stockholders’ equity of $52.5 million and substantial convertible preferred stock of $210.8 million. Operating cash flow turned positive at $19.1 million for the nine months.
Subsequent to quarter-end, Comtech agreed to sell most of its Satellite and Space Communications business for a base cash purchase price of $157.5 million, including a $10.0 million advance payment. Under its credit agreements, 65% of net proceeds will repay the senior Credit Facility and 35% will repay subordinated term loans, while key leverage and coverage covenants are suspended through July 31 2027.
Comtech Telecommunications executive Jeffery Paul Robertson exercised restricted stock units and had shares withheld for taxes. On this date, 38,910 restricted stock units converted into an equal number of common shares, while 19,798 shares were withheld to cover federal, state and FICA tax obligations.
After these transactions, he directly held 85,755 shares of common stock and 163,703 restricted stock units, reflecting a routine compensation-related vesting and tax-withholding event rather than an open-market trade.
Comtech Telecommunications Corp. reported that QVT Financial beneficially owns 1,694,467 shares of Common Stock. The filing states QVT has sole voting and sole dispositive power over 1,694,467 shares, representing 5.71% of the class as reported.
The statement is a passive Schedule 13G ownership disclosure signed by an authorized signatory on 05/15/2026. It lists QVT's address as 888 Seventh Avenue, New York, NY and identifies the class as Common stock, $0.10 par value (CUSIP 205826209).
Comtech Telecommunications Corp. reported that director Bruce T. Crawford has notified the company of his intention to resign from its Board of Directors. His resignation is expected to be effective on or about June 15, 2026, in connection with his appointment as president and Chief Executive Officer of AFCEA International, which will also be effective on or about that date. The company states that Mr. Crawford’s decision to resign was not the result of any disagreement with the company or its Board, and it publicly thanks him for his dedication and years of service as a director.
Comtech Telecommunications Chief Legal Officer Donald E. Walther reported routine equity compensation activity in the form of restricted stock unit (RSU) vesting and related tax withholding. On April 28, 2026, RSUs converted into a total of 30,671 shares of common stock at no exercise price.
To cover federal, state and Federal Insurance Contributions Act (FICA) tax obligations, 10,475 shares of common stock were disposed of through tax-withholding transactions at a reference price of $3.52 per share, rather than through open-market sales. After these transactions, Walther directly owned 43,555 shares of Comtech common stock.