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Document and Entity Information - shares | 6 Months Ended | |
---|---|---|
Jan. 31, 2019 | Mar. 01, 2019 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jan. 31, 2019 | |
Current Fiscal Year End Date | --07-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2019 | |
Entity Registrant Name | COMTECH TELECOMMUNICATIONS CORP /DE/ | |
Entity Central Index Key | 0000023197 | |
Entity Filer Category | Accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Common Stock, Shares Outstanding | 24,125,899 |
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Comtech Telecommunications Corp.
Comtech Telecommunications Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:
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If assumed net sales and cash flow projections are not achieved in future periods or our common stock price significantly declines from current levels, our Commercial Solutions and Government Solutions reporting units could be at risk of failing the quantitative assessment and goodwill and intangibles assigned to the respective reporting units could be impaired.
Our Commercial Solutions segment's gross profit, as a percentage of related segment net sales, for the three months ended January 31, 2019 was higher than the three months ended January 31, 2018 due to a more favorable product mix (including deliveries of our satellite earth station equipment to the U.S. Navy).
Our Commercial Solutions segment's gross profit, as a percentage of related segment net sales, for the six months ended January 31, 2019 was higher than the six months ended January 31, 2018 due to a more favorable product mix (including deliveries of our satellite earth station equipment to the U.S. Navy).
The significant increase in our Government Solutions segment's Adjusted EBITDA, both in dollars and as a percentage of related segment net sales, was primarily driven by significantly higher net sales at higher gross margins, as discussed above.
The significant increase in our Government Solutions segment's Adjusted EBITDA, both in dollars and as a percentage of related segment net sales, was primarily driven by significantly higher net sales at higher gross margins, as discussed above.
The significant increase in our...Read more
Index Index Our updated GAAP...Read more
Based on our strong fiscal...Read more
This increase was primarily due...Read more
This increase was primarily due...Read more
A significant decline in our...Read more
If our acquisition plan is...Read more
It is possible that, during...Read more
The significant increase in our...Read more
If we do not achieve...Read more
If we do not achieve...Read more
In fiscal 2019 and beyond,...Read more
Except for a prospective transition...Read more
These contract liabilities are not...Read more
On December 22, 2017, H.R.1,...Read more
Over time, we believe that...Read more
Over time, we believe that...Read more
Index Index Our Government Solutions...Read more
Index Index Our Government Solutions...Read more
Because of our strong cash...Read more
Borrowings under the Credit Facility...Read more
Looking forward, we expect fiscal...Read more
Looking forward, we expect fiscal...Read more
Based on the type, terms,...Read more
Based on the type, terms,...Read more
We began an evaluation and...Read more
The increase in cash and...Read more
Net sales in the most...Read more
Net sales during the six...Read more
For contracts with multiple performance...Read more
Net sales during the most...Read more
As for commissions payable to...Read more
Our investment policy relating to...Read more
Index Index The proceeds of...Read more
Net sales during the most...Read more
Excluding the $3.9 million of...Read more
FASB ASU No. 2017-11, issued...Read more
During the six months ended...Read more
Our definition of Adjusted EBITDA...Read more
Our definition of Adjusted EBITDA...Read more
Our fiscal 2019 consolidated net...Read more
Excluding the $1.8 million of...Read more
LIQUIDITY AND CAPITAL RESOURCES Our...Read more
These measures are adjusted as...Read more
These measures are adjusted as...Read more
Nevertheless, based on expected bookings,...Read more
Nevertheless, based on expected bookings,...Read more
Index Index On an annual...Read more
Index Index On an annual...Read more
Under the cost-to-cost measure, the...Read more
As a result, pending or...Read more
Because our Adjusted EBITDA, as...Read more
Index Index Because our Adjusted...Read more
Our Business Outlook for Fiscal...Read more
Our Business Outlook for Fiscal...Read more
Although it is difficult in...Read more
The increase in net sales...Read more
We believe that investors and...Read more
We believe that investors and...Read more
This EAC process requires management...Read more
Index Index COMPARISON OF THE...Read more
Index Index COMPARISON OF THE...Read more
However, we currently do not...Read more
The six months ended January...Read more
As discussed further in "Notes...Read more
Index Index Our operating results...Read more
In addition, our GAAP EPS...Read more
The Credit Facility also contains...Read more
During the second quarter, we...Read more
During the second quarter, we...Read more
As of January 31, 2019,...Read more
These ASUs are effective for...Read more
This ASU is effective for...Read more
Continuous transfer of control is...Read more
For purposes of conducting our...Read more
Looking forward, unallocated operating expenses...Read more
Looking forward, unallocated operating expenses...Read more
If order flow remains strong...Read more
We generated strong operating results,...Read more
In fiscal 2018, we reported...Read more
This ASU is effective for...Read more
We now expect our consolidated...Read more
Government Solutions Net sales in...Read more
Index Index Government Solutions Net...Read more
We believe this segment is...Read more
The increase in net sales...Read more
For over time contracts using...Read more
The significant increase in consolidated...Read more
The significant increase in consolidated...Read more
The development of valuation allowances...Read more
There is no certainty that...Read more
There is no certainty that...Read more
There is no certainty that...Read more
During our second quarter of...Read more
Additional information related to our...Read more
We have not quantitatively reconciled...Read more
We have not quantitatively reconciled...Read more
The new shelf registration was...Read more
Net sales of our satellite...Read more
This ASU is effective for...Read more
Nevertheless, we expect sales of...Read more
Overall, looking forward, based on...Read more
Nevertheless, we expect sales of...Read more
Overall, looking forward, based on...Read more
We believe that market conditions...Read more
We believe that market conditions...Read more
Any impairment charges that we...Read more
This expected increase is primarily...Read more
This expected increase is primarily...Read more
During the six months ended...Read more
In the aggregate, we expect...Read more
In the aggregate, we expect...Read more
As commissions payable to our...Read more
Revenue recognized over time is...Read more
If actual outcomes differ materially...Read more
Our ongoing marketing and sales...Read more
Our ongoing marketing and sales...Read more
Net sales in the three...Read more
An entity is permitted to...Read more
During the second quarter, we...Read more
In July 2018, the FASB...Read more
We believe that the carrying...Read more
When identifying a contract with...Read more
On March 6, 2019, our...Read more
On March 6, 2019, our...Read more
The ASU also precludes entities...Read more
During the second quarter of...Read more
During the six months ended...Read more
We estimate variable consideration as...Read more
We expect to incur approximately...Read more
Excluding the net financial impact...Read more
We expect cash flow from...Read more
Net sales of our satellite...Read more
Excluding a $3.9 million expense...Read more
Transaction prices for contracts with...Read more
The decrease from 27.75% to...Read more
Index Index The decrease from...Read more
This ASU is effective for...Read more
This ASU is effective for...Read more
This ASU is effective for...Read more
This ASU is effective for...Read more
This ASU is effective for...Read more
This ASU is effective for...Read more
Upon the effective date, certain...Read more
All-in-all, we believe that fiscal...Read more
All-in-all, we believe that fiscal...Read more
The increase in our Commercial...Read more
Such decrease was partially offset...Read more
Such decrease was partially offset...Read more
Incremental costs to obtain or...Read more
MANAGEMENT?S DISCUSSION AND ANALYSIS OF...Read more
If our assumptions and related...Read more
Although the sales cycle for...Read more
Although the sales cycle for...Read more
FASB ASU No. 2017-12, issued...Read more
As of January 31, 2019...Read more
During the six months ended...Read more
Net sales of our over-the-horizon...Read more
Net sales of our over-the-horizon...Read more
That increase over the three...Read more
The increase in unallocated expenses...Read more
Our overall credit losses have...Read more
In addition, our gross profit...Read more
Despite borrowing approximately $25.9 million...Read more
In the early phases of...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Comtech Telecommunications Corp provided additional information to their SEC Filing as exhibits
Ticker: CMTL
CIK: 23197
Form Type: 10-Q Quarterly Report
Accession Number: 0000023197-19-000007
Submitted to the SEC: Wed Mar 06 2019 11:09:20 AM EST
Accepted by the SEC: Wed Mar 06 2019
Period: Thursday, January 31, 2019
Industry: Radio And Tv Broadcasting And Communications Equipment