Recent Annual Operating Results

$ millions • • • • Comments and Financial Targets for Fiscal 2021 FY 2021 Targets Revenue $580.0M - $590.0M Adjusted EBITDA (1) $74.0M - $76.0M Comments on FY 2021 Targets We expect Commercial Solutions segment net sales to be slightly higher than the amount we achieved in fiscal 2020 We expect Government Solutions segment net sales to be significantly lower than the amount we achieved in fiscal 2020 We expect ongoing higher production, logistic and safety-related costs resulting from COVID-19 We expect our gross margin percentage to approximate 36.0% • • • • Amortization of intangible assets is expected to approximate $21.0M Amortization of stock-based compensation expense is expected to range from approximately $11.0M to $12.0M Interest expense (including amortization of deferred financing costs) is expected to approximate $7.0M (including $1.2M of incremental interest expense in Q1 related to a now terminated financing commitment letter) Our effective income tax rate is expected to approximate 11.5% Adjusted EBITDA margin is expected to approximate 13.0% when using the midpoints of our 2021 targeted range for Net Sales and Adjusted EBITDA COMTECH LOCATION TECHNOLOGIES (1) Adjusted EBITDA represents earnings (loss) before income taxes, interest (income) and other, write-off of deferred financing costs, interest expense, amortization of stock-based compensation, amortization of intangibles, depreciation expense, estimated contract settlement costs, settlement of intellectual property litigation, acquisition plan expenses, restructuring costs, COVID-19 related costs, strategic emerging technology costs, facility exit costs and strategic alternatives analysis expenses and other. 18

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