Recent Annual Operating Results slide image

Recent Annual Operating Results

Overview of Q3 QTD and YTD FY21 Performance Q3 Quarter to Date Commercial Solutions Revenue $91.4M Adjusted EBITDA $15.9M Adjusted EBITDA 17.4% Government Solutions Revenue $48.0M Adjusted EBITDA $3.0M Adjusted EBITDA 6.3% 65.6% 34.4% % of Revenue Year to Date Commercial Solutions Revenue $261.0M Adjusted EBITDA $46.1M Adjusted EBITDA 17.7% Government Solutions Revenue $174.9M Adjusted EBITDA $13.9M Adjusted EBITDA 7.9% 59.9% 40.1% Sales by Customer Type Domestic Domestic Q3 Financial Performance Q3 FY 2021 Revenue was $139.4 million GAAP Operating Income of $2.4 million includes: - acquisition plan expenses of $5.3 million, - restructuring costs of $0.6 million, - COVID-19 related costs of $0.4 million, - strategic emerging technology costs of $0.3 million, - amortization of $5.3 million, - depreciation of $2.3 million, and -stock-based compensation of $1.2 million Adjusted EBITDA (1) (non-GAAP) of $17.7 million or 12.7% of net sales U.S. Govt 46.6% 33.2% 20.2% Intl COMTECH LOCATION TECHNOLOGIES U.S. Govt 40.4% GAAP diluted net income per share of $0.03 22.5% 37.1% Intl Non-GAAP diluted EPS (2) of $0.26 (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. (2) See Appendix II of this presentation for the reconciliation of GAAP earnings per diluted share to Non-GAAP earnings per diluted share. 17
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