Investor Presentaiton
Recent Quarterly Operating Results
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$ in 000s
Revenue
Q4
2020
Q1
2021
Q2
2021
Q3
2021
Q4
2021
27
Commercial Solutions
84,983 $
81,802 $
87,825
91,364
$
99,154
Government Solutions
64,690
53,416
73,467
48,012
46,655
Total Revenue
$
149,673 $
135,218 $
161,292 $ 139,376 $
145,809
Net Income (Loss)
$
1,126
$
(85,840)
$
4,205 $
792
$
7,363
Adjusted EBITDA
$
23,532
$
14,284
$
18,059
$
17,730
$
26,446
% of Revenue
GAAP Gross Profit
33.2%
37.1%
34.5%
38.0%
37.8%
Adjusted EBITDA (2)
15.7%
10.6%
11.2%
12.7%
18.1%
Notes
(1) Comtech reported an operating loss of $85.7M and a net loss of $85.8M, respectively, for the 3 months ended October 31, 2020 (Q1 2021).
(2) See Reconciliation of GAAP to Non-GAAP Financial Measures section of this presentation for the reconciliation of reported Net Income to Adjusted EBITDA.
(3) Comtech's fiscal year end is July 31.
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