Comtech: Fiscal Q4 Earnings Snapshot

September 29, 2022 GMT

MELVILLE, N.Y. (AP) _ Comtech Telecommunications Corp. (CMTL) on Thursday reported a fiscal fourth-quarter loss of $5.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Melville, New York-based company said it had a loss of 26 cents. Losses, adjusted for pretax expenses and non-recurring costs, were 2 cents per share.

The communications company posted revenue of $127 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $122.6 million.

For the year, the company reported that its loss narrowed to $33.1 million, or $1.63 per share. Revenue was reported as $486.2 million.


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