Oct 14, 2026 earnings call — Sale of satellite business and Allerium focus
Comtech sold most of its Satellite and Space business and entered fiscal 2027 with $520 million in funded backlog.
Revenue $0.1B (est $0.1B) · EPS $-0.31 (est $-0.51)
Key quotes
"we are very pleased with the outcome, which is reflected in the definitive agreement we entered into with Gilat to sell most of that business for $157.5 million while keeping certain assets we wanted to retain."
"Mira is our new emergency call handling solution, and what makes it different is that it runs over the secure Next Gen 9-1-1 network rather than inside a single agency."
"we reported positive operating cash flow on a consolidated basis in each of the 6 quarters since then, with a cumulative positive operating cash flow in that period of over $50 million."
Analyst Q&A 3
Recent awards and backlog's revenue impact
Q (Michael Crawford · B. Riley): He asked what awards were won so far in the quarter and whether that shows revenue will be flat, up, or down versus July.
A: Management said they disclosed a $3 million order from the Canadian government and over $2.3 million from a domestic Tier 1 mobile network carrier. They also said they have about $520 million of backlog and expect it to provide revenue somewhat evenly over the next 3 years, with about 40% of the backlog turning to revenue inside of fiscal '27.
"We expect that backlog to give us a nice foundation of revenue somewhat evenly over the next 3 years." — Michael Bondi (CFO)
Early customer feedback on Mira and Coral
Q (George Erlandson · Northcoast): He asked for early customer feedback, pipeline activity, initial wins, and what milestones to watch for product success.
A: Management said Mira is in active beta and customers praise the speed of deployment and that running as a service reduces customer premise equipment and technical needs. For Coral, they said it helps mutual aid by connecting multiple agencies on dispatch systems during major incidents, and both products can use spare capacity on Next Gen 9-1-1 networks.
"The speed at which we can turn that up and deploy is one of the big benefits we've seen." — Jeff Robertson (PRESIDENT)
Are new services added on top of base contracts?
Q (Steven Kohl · Mangrove): He asked whether value-added services like Mira and Coral are included in booked contract totals or come on top, and how large add-ons typically are.
A: Management said those services are on top of the base contracts, not included in booked base business. They explained booked Allerium contracts are signed contracts in hand and that new services are usually added later as add-ons; change orders are typically about 20%, while sales of other applications vary by state and penetration.
"Those would be add-ons later on that would add to the bookings backlog." — Jeff Robertson (PRESIDENT)