Positive Operating Cash Flow
Comtech reported $11.4 million of positive operating cash flow in the fourth quarter, following $2.3 million in the third quarter, marking the first positive quarters since fiscal 2023.
Increased Liquidity
The company concluded the fiscal year with $47 million of liquidity, a significant increase from $27 million in March 2025.
Revenue Growth and Improved Mix
Quarterly revenue increased 13% from the first to the fourth quarter of fiscal 2025, despite winding down certain legacy contracts.
Improved Gross Margins
Gross margins increased from 12.5% in the first quarter to 31.2% in the fourth quarter of fiscal 2025.
Improved Adjusted EBITDA
Adjusted EBITDA improved from negative $30.8 million in the first quarter to $13.3 million in the fourth quarter.
Major Contract Extension
Allerium secured a multiyear contract extension valued at over $130 million from its largest customer.