COMTECH TELECOMMUNICATIONS CORP /DE/
For the period ended Jul 31, 2025. Filed Nov 10, 2025.
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FY2025 · Filed Nov 10, 2025
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Item 7. Results of Operations
Results of Operations
The following table sets forth, for the periods indicated, certain income and expense items expressed as a percentage of our consolidated net sales:
| Fiscal Years Ended July 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Gross margin | 25.6% | 29.1% | 33.5% |
| Selling, general and administrative expenses | 28.7% | 22.8% | 21.8% |
| Research and development expenses | 3.5% | 4.5% | 8.8% |
| Amortization of intangibles | 4.3% | 3.9% | 3.9% |
| Impairment of long-lived assets, including goodwill | 15.9% | 11.9% | —% |
| CEO transition costs | 0.4% | 0.5% | 1.7% |
| Loss on business divestiture | —% | 0.2% | —% |
| Proxy solicitation costs | 0.5% | —% | —% |
| Operating loss | (27.8)% | (14.8)% | (2.7)% |
| Interest expense and other items | 3.3% | 3.8% | 2.9% |
| Loss before benefit from income taxes | (31.1)% | (18.6)% | (5.6)% |
| Net loss | (31.1)% | (18.5)% | (4.9)% |
| Net loss attributable to common stockholders | (40.9)% | (25.1)% | (6.2)% |
| Adjusted EBITDA (a Non-GAAP measure) | (0.4)% | 8.5% | 9.7% |
For a definition and explanation of Adjusted EBITDA, see Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations - Comparison of Fiscal 2025 and 2024 - Adjusted EBITDA.
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