Comtech's net loss narrowed to $36.2M from $155.3M a year earlier, including a $22.1 million non-cash benefit from the remeasurement of warrants and derivatives.

Filed October 14, 2026 · Period ending July 31, 2026 · Compared to 10-K/A Nov 26, 2025 · ~2 min read

Key Changes

• high

  The company's auditor expressed an adverse opinion on internal control over financial reporting because of material weaknesses.

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• high

  Comtech entered into a definitive agreement to sell most of its Satellite and Space Communications segment for a base purchase price of $157.5 million in cash, with a $10.0 million advance payment received; the transaction is expected to close in calendar 2026.

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• medium

  Net sales fell 17.0% to $249.6M, primarily due to the wind-down of legacy U.S. Army VSAT and GFSR contracts, which contributed $0.3 million and $48.5 million, respectively, and gross profit of $0.1 million and $1.7 million, respectively, related to the legacy U.S. Army Very Small Aperture Terminal (“VSAT”) Satellite Systems and Services and Global Field Service Representative (“GFSR”) contracts.

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