Recent Annual Operating Results

$ in 000s Revenue Recent Quarterly Operating Results Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Commercial Solutions $ 78,311 $ 84,983 81,802 $ 87,825 $ 91,364 Government Solutions 56,810 64,690 53,416 73,467 $ 48,012 Total Revenue $ 135,121 $ 149,673 $ 135,218 $ 161,292 $ 139,376 Net Income (Loss) $ (3,989) $ 1,126 $ (85,840) $ 4,205 792 Adjusted EBITDA $ 12,471 $ 23,532 $ 14,284 $ 18,059 $ 17,730 % of Revenue GAAP Gross Profit 39.2% 33.2% 37.1% 34.5% 38.0% GAAP R&D Expenses 9.1% 7.5% 8.6% 7.9% 9.4% GAAP SG&A Expenses 23.9% 15.8% 20.3% 18.3% 19.4% GAAP Operating Income N/A (1) 1.9% N/A (1) 3.3% 1.7% Net Income N/A ( (1) 0.8% N/A (1) 2.6% 0.6% Adjusted EBITDA (2) 9.2% 15.7% 10.6% 11.2% 12.7% COMTECH LOCATION TECHNOLOGIES Notes (1) Comtech reported an operating loss of $3.1M and a net loss of $4.0M, respectively, for the 3 months ended April 30, 2020 (Q3 2020). 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 Appendix II of this presentation for the reconciliation of reported Net Income to Adjusted EBITDA. (3) Comtech's fiscal year end is July 31. 19

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