Recent Annual Operating Results
Historical Revenue and Adjusted EBITDA Trends
(USD in Millions)
Revenue (2)
Comtech
Acquires
TCS
2016 to 2019 CAGR: 17.8%
Impacted by
COVID-19
$ 671.8M
$ 616.7M
$ 550.4M
$ 570.6M
$ 411.0M
Guidance
$580.0M
to
$590.0M
Satellite networking products
(Heights TM and UHP), Next Generation
911 systems and important contract
awards create strong prospects for
future growth
Economic reopening from COVID-19
should help
Adjusted EBITDA (2) (3)
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
FY 2021E
2016 to 2019 CAGR: 24.8%
Guidance
$74.0M
$ 93.5M
to
$ 78.4M
$77.8M
$76.0M
$ 70.7M
$ 48.1M
FY 2016
~12%
FY 2017
FY 2018
FY 2019
FY 2020
FY 2021E
~13%
~14%
~14%
~13%
~13%
COMTECH
LOCATION TECHNOLOGIES
Continued investments in R&D and
marketing to support long-term
growth
Room for improved margins as we
focus on efficiencies and greater scale
Adjusted EBITDA supported by strong
cash flow generation (2020 GAAP
operating cash flows of $52.8M)
Notes
(1) Comtech's fiscal year end is July 31.
(2) See Appendix II of this presentation for the reconciliation from US GAAP to Adjusted EBITDA.
13View entire presentation