Filing Flows › Comtech Telecommunications (CMTL) › Q2 FY25
Comtech Telecommunications (CMTL) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Mar 12, 2025
Comtech Telecommunications (CMTL) reported revenue of $127M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and +9% from the quarter before. Operating margin was -8.1%, net loss $48.7M (38.5% of revenue).
Comtech Telecommunications, Q2 FY25: revenue $127M (-6% year over year), operating margin -8.1%, net loss $48.7M, operating cash flow −$234K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $127M | +9% | -6% |
| Operating profit | −$10.3M | — | — |
| Net earnings | −$48.7M | — | — |
| Operating cash flow | −$234K | — | — |
What changed
Revenue was $126.6M in Q2 FY25, down 6% year over year and up 9% from the previous quarter. Satellite and Space Communications was the largest line at 58% of revenue. Satellite and Space Communications lost $4.9M year over year (down 6%), 64% of the total change.
Gross margin was 26.7%, down 5.5 points from a year earlier. Operating costs exceeded revenue by $10.3M, an operating margin of -8.1%. Operating expenses grew 9% against a revenue fall of 6%. The fastest-growing cost line was Other operating costs (+89%). The quarter ended with a net loss of $48.7M, narrower than the previous quarter's $148.4M loss. Net interest and other expense of $39.5M was the main reason.
Operating cash flow was −$234K. Non-cash charges added back $7.8M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $39.5M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$1.9M.
Questions
What was Comtech Telecommunications' revenue in the second quarter fiscal 2025?
Comtech Telecommunications (CMTL) reported revenue of $127M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and +9% from the quarter before.
Was Comtech Telecommunications profitable in the second quarter fiscal 2025?
Operating loss was $10.3M (-8.1% of revenue) and net loss $48.7M.