Investor Presentaiton
Reconciliation of CMTL GAAP to Non-GAAP Financial Measures
911
34
Earnings (Loss) per Diluted Share
GAAP earnings (loss) per diluted share
Acquisition plan expenses
Restructuring costs
COVID-19 related costs
Strategic emerging technology costs
Interest expense ("ticking fee")
Estimated contract settlement costs
Net discrete tax (benefit) expense
Non-GAAP earnings per diluted share
Q1
2020
Q2
2020
Q3
2020 2020
Q4
FY
2020
Q1
2021
Q2
Q3
Q4
FY
2021
2021
2021 2021
0.07
$ 0.26 $ 0.14 $(0.16) $ 0.04 $ 0.28
0.19 0.16 0.16 0.53
0.11
$ (3.39) $ 0.17 $0.03 $ 0.28 $(2.86)
3.49
0.18
(0.12) 3.60
0.02
0.02
0.04
0.08
0.01
0.01
0.01
0.03
0.01
0.01
(0.01)
0.04
0.04
0.01
(0.02)
(0.01) 0.01
0.03
$ 0.32 $ 0.32 $ 0.05 $ 0.21
0.01
(0.05)
$ 0.77
0.01
$ 0.15
(0.03)
$ 0.27
0.01
0.03
$ 0.26 $ 0.23
(0.06)
$ 0.86
Notes
(1)
See statement regarding the use of Non-GAAP financial measures in the front of this presentation.
(2) Dollar amounts in thousands, except per share information. Comtech's fiscal year end is July 31.
(3)
Totals may not foot due to rounding.
(4)
Non-GAAP net income and EPS reflect non-GAAP provisions for income taxes based on full year results, as adjusted for the non-GAAP reconciling items included in the tables above.
The Company evaluates its non-GAAP effective income tax rate on an ongoing basis, and it can change from time to time. The Company's non-GAAP effective income tax rate can
differ materially from its GAAP effective income tax effective rate.
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