Why Is Telecommunications Firm Comtech Stock Surging On Tuesday?
Why Is Telecommunications Firm Comtech Stock Surging On Tuesday?
Comtech Telecommunications Corp (NASDAQ:CMTL) shares are trading higher after the company reported third-quarter FY24 earnings and announced a fresh credit facility.
康姆泰克通訊公司（納斯達克股票代碼：CMTL）股價上漲，因公司發佈了2024財年第三季度收益報告並宣佈了一項新的信貸措施。
The company reported a third-quarter sales decline of 6.1% year-on-year to $128.08 million, missing the analyst consensus estimate of $136.42 million.
公司第三季度銷售額同比下降6.1%，至1.2808億美元，未達到分析師對1.3642億美元的預期。
Segment Revenue: Total United States revenue was $105.7 million and that of International was $22.4 million.
業務收入：美國總收入爲1.057億美元，國際總收入爲2.24億美元。
The gross profit for the quarter decreased 9.7% to $38.9 million and the profit margin contracted 130 basis points to 30.4%.
本季度毛利潤下降9.7%，至3890萬美元，利潤率收縮了130個點子，至30.4%。
The operating loss for the quarter narrowed to $3.47 million compared to a loss of $5.27 million. Adjusted EPS of $0.20 beat the analyst consensus estimate of $0.08.
本季度營業虧損減少至347萬美元，而上一季度虧損爲527萬美元。調整後每股收益爲0.20美元，超出分析師預期的0.08美元。
Comtech held $27.2 million in cash and equivalents as of April 30,2024. Operating cash flow for nine months totaled $(44.99) million.
截至2024年4月30日，康姆泰克通訊持有2720萬美元的現金及現金等價物。前9個月的經營現金流爲負4499萬美元。
Comtech also announced that on June 17, 2024, the company entered into a $222.0 million credit facility with a new syndicate of lenders which is expected to be funded on or around June 18, 2024.
康姆泰克通訊還宣佈於2024年6月17日與新的貸款人聯合借入2.22億美元的信貸措施，預計於2024年6月18日或前後資金到位。
The new credit facility matures on July 31, 2028, consists of a committed $162.0 million term loan facility and $60.0 million revolver loan facility.
新的信貸措施將在2028年7月31日到期，包括承諾的1.62億美元的長期貸款措施和6億美元的循環貸款措施。
Price Action: CMTL shares are trading higher by 71.9% at $3.73 at last check Tuesday.
截至週二最後一次覈對時，CMTL股價爲3.73美元，上漲了71.9%。
Image: Shutterstock/ create jobs 51
圖片：Shutterstock/ create jobs 51
譯文內容由第三人軟體翻譯。