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General

Comtech revenues lift to USD 124.2 mln in Q3

Thursday 9 June 2016 | 23:41 CET | News
Comtech said net revenues for its fiscal third quarter to end April rose to USD 124.2 million from 71.6 million the year before. The increase reflects incremental sales as a result of the acquisition of TeleCommunication Systems (TCS), partially offset by lower sales of legacy Comtech products. The operating result went to a net loss of USD 13.4 million fron a gain of 7.2 million. The net loss went to USD 14.4 million or USD 0.89 per diluted share from a net profit of 5.0 million or 0.30 per diluted share. The adjusted EBITDA lifted to USD 12.5 million from 11.6 million.

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Categories: General
Companies: TeleCommunication Systems
Countries: World
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