Comtech Telecommunications Corp

comtech.com

What Do They Do?

Sells public-safety communications infrastructure and software, carrier location and messaging tools, and cybersecurity training to governments, public safety agencies and mobile network operators.

How Do They Make Money?

Customers pay for customized communications platforms as work progresses; service contracts run over a term or are based on network use, while equipment and other goods are paid for when shipped or delivered.

FY2026 revenue

Who Are Their Customers?

Governments and public safety agencies, mobile network operators, and high-security government, commercial and university buyers use its communications systems, carrier services and training. Sales run through company staff, independent representatives and value-added resellers, or a combination.

Do Revenues Turn Into Profits?

Not on paper. It lost $36.2M in FY2026, but brought in more cash than it spent: $22.2M of free cash flow.

Operating income, FY2026

−7% of revenue

▼ −39% (Loss) vs FY2025 (−$29.9M, −10%)

Net income, FY2026

−14% of revenue

▼ −77% (Loss) vs FY2025 (−$155.3M, −52%)

Free cash flow, FY2026

9% of revenue

▲ Now profitable vs FY2025 (−$16.5M, −5%)

How Are They Changing?

Shrinking. Revenue fell 49% in 4 years, from $486.2M in FY2022 to $249.6M in FY2026, about 15% a year.

A narrower business focus The older report describes satellite and space communications alongside terrestrial and wireless networking; the latest describes continuing operations as the public-safety business and presents most satellite and space operations as discontinued operations during the planned sale.

Who Do They Compete With?

Competes with AT&T, Atos, Axon Enterprise, Bandwidth.com, Carbyne, Central Square Technologies, DataMark, 8x8, Everbridge, Frequentis GeoComm, Immersive Labs, INdigital, Intersec, Intrado Life & Safety, Invictus Apps, LM Ericsson, Lumen Technologies, Mavenir, Mobilaris, and Mobile Arts

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