Filing Flows › Comtech Telecommunications (CMTL) › Q3 FY25
Comtech Telecommunications (CMTL) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jun 9, 2025
Comtech Telecommunications (CMTL) reported revenue of $127M for the third quarter fiscal 2025 (Q3 FY25), -1% from a year earlier and +0.2% from the quarter before. Operating margin was -1.2%, net earnings $33.9M (26.8% of revenue).
Comtech Telecommunications, Q3 FY25: revenue $127M (-1% year over year), operating margin -1.2%, net earnings $33.9M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $127M | +0.2% | -1% |
| Operating profit | −$1.5M | — | — |
| Net earnings | $33.9M | — | — |
| Operating cash flow | $2.3M | — | — |
What changed
Revenue was $126.8M in Q3 FY25, down 1% year over year and roughly flat from the previous quarter. Satellite and Space Communications was the largest line at 53% of revenue. Satellite and Space Communications lost $3.9M year over year (down 5%), 301% of the total change.
Gross margin was 30.7%, up 0.3 points from a year earlier. Operating costs exceeded revenue by $1.5M, an operating margin of -1.2%. Operating expenses fell 5% while revenue fell 1%. Net earnings were $33.9M, up 1114% year over year. The effective tax rate was -5.6%. Non-operating items added $33.7M, 105% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.3M, 7% of net earnings. Non-cash charges added back $7.8M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $40.6M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$160K.
Questions
What was Comtech Telecommunications' revenue in the third quarter fiscal 2025?
Comtech Telecommunications (CMTL) reported revenue of $127M for the third quarter fiscal 2025 (Q3 FY25), -1% from a year earlier and +0.2% from the quarter before.
Was Comtech Telecommunications profitable in the third quarter fiscal 2025?
Operating loss was $1.5M (-1.2% of revenue) and net earnings $33.9M.