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.
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