Comtech Posts Q4 Loss of $0.49/Share; FY26 Adjusted EBITDA Up 26% to $20.6M
CMTL is trading near its 52-week low of $1.15 (10% above the low) on elevated volume (2.5× avg).
Summary
Comtech reported a Q4 loss of $0.49 per share but showed strong operational improvement with Adjusted EBITDA up 26% to $20.6 million for fiscal 2026, positive operating cash flow for six consecutive quarters, and $61.3 million in year-end liquidity. The company also announced CFO and CLO departures with successors named.
Key Events · Earnings and Guidance · CMTL
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Q4 Loss of $0.49/Share
Comtech reported a net loss of $14.7 million attributable to common stockholders for Q4 FY2026, or $0.49 per share, compared to a loss of $11.6 million or $0.39 per share in the prior year quarter.
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Adjusted EBITDA Up 26%
Fiscal 2026 Adjusted EBITDA increased 26% to $20.6 million from $16.4 million, with gross margin expanding to 38.9% from 31.6% in fiscal 2025.
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Sixth Straight Quarter of Positive Cash Flow
The company generated $37.4 million in consolidated operating cash flow for fiscal 2026, with Q4 contributing $18.5 million, and ended the year with $61.3 million in total liquidity.
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CFO and CLO Departures
CFO Michael Bondi and CLO Don Walther will depart after a brief transition period, with Rich Nyren and Amy Rothstein-Hovey named as successors.
Analysis · CMTL · Manufacturing
Comtech reported a fourth-quarter net loss of $0.49 per share, but the underlying business showed meaningful improvement: Adjusted EBITDA rose 26% to $20.6 million for fiscal 2026, gross margin expanded to 38.9%, and the company generated $37.4 million in operating cash flow — its sixth consecutive quarter of positive cash flow. The company also disclosed that CFO Michael Bondi and CLO Don Walther are departing, with successors already named. The pending $157.5 million sale of most of the Satellite and Space Communications business to Gilat remains on track to close in calendar 2026, which would provide approximately $128.3 million in additional net cash proceeds to reduce debt. The stock trades at $1.27 with a market cap of roughly $38 million, so the balance sheet and liquidity improvements are critical to the company's survival and transition to a focused public safety business.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.6% of the 1568 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CMTL was trading at $1.27 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $38.4M. The 52-week trading range was $1.15 to $6.21. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.