COMTECH TELECOMMUNICATIONS CORP /DE/ CMTL Income Statement

Comtech telecommunications corp /de/ (CMTL)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Oct'09
Net sales
161,654	170,267	176,372	170,448	164,133	160,844	167,435	147,854	133,731	121,569	147,762	127,792	139,028	135,786	152,377	124,187	70,323	64,117	77,463	71,633	81,802	76,391	89,378	88,905	85,499	83,368	84,411	69,856	74,577	90,953	112,775	99,793	99,141	113,361	140,327	131,081	162,811	178,160	256,954	216,303	171,132	133,816
Cost of sales
101,052	106,700	112,362	106,032	102,888	103,075	104,447	85,418	82,930	73,853	87,350	75,331	85,824	83,678	90,171	72,796	40,885	35,915	44,087	39,325	43,927	41,066	50,033	50,559	48,130	46,990	49,051	38,429	42,337	49,150	63,640	58,115	57,725	62,081	81,396	74,110	101,901	113,926	174,422	141,512	107,631	84,042
Gross profit
60,602	63,567	64,010	64,416	61,245	57,769	62,988	62,436	50,801	47,716	60,412	52,461	53,204	52,108	62,206	51,391	29,438	28,202	33,376	32,308	37,875	35,325	39,345	38,346	37,369	36,378	35,360	31,427	32,240	41,803	49,135	41,678	41,416	51,280	58,931	56,971	60,910	64,234	82,532	74,791	63,501	49,774
Expenses:
Selling, general and administrative
29,374	31,851	31,396	33,409	31,987	31,847	27,822	30,410	27,215	28,475	26,484	25,923	30,988	32,685	30,385	30,439	17,390	16,718	16,123	15,005	16,026	15,526	17,280	17,320	16,349	16,198	15,648	15,374	15,433	16,810	23,357	20,005	19,626	24,118	24,399	22,552	23,175	24,015	29,627	25,628	22,909	21,719
Research and development
13,740	14,861	15,743	13,471	13,983	13,210	13,906	12,778	13,435	13,750	13,889	12,961	13,314	14,096	13,974	12,613	7,663	7,940	7,649	8,582	9,666	10,019	8,444	8,899	8,266	8,499	8,341	9,080	9,278	10,049	9,880	9,481	9,444	9,684	11,970	10,328	10,467	10,751	12,054	11,383	11,431	11,324
Amortization of Intangible Assets
5,229	5,206	5,207	4,536	4,288	4,289	5,269	5,269	5,268	5,269	5,268	5,468	6,032	6,055	6,067	4,776	1,196	1,376	1,529	1,561	1,560	1,561	1,561	1,560	1,582	1,582	1,582	1,582	1,582	1,582	1,600	1,626	1,692	1,719	2,027	2,173	2,004	1,887	2,011	1,754	1,765	1,764
Settlement of intellectual property litigation
0	-	-	0	3,204	-	-	0	0	-	-	2,041	9,979	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition plan expenses
6,025	2,389	1,259	1,704	1,778	1,130	0	0	0	0	-	-	-	-	-	16,960	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger termination fee, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12,500	0	0	0	0
Total operating expenses
54,368	54,307	53,605	53,120	48,832	50,476	46,997	48,457	45,918	47,494	45,641	42,311	40,355	52,836	54,742	64,788	26,249	26,034	25,301	25,148	27,252	27,106	27,285	27,779	26,197	26,279	25,571	26,036	26,293	28,441	34,837	31,112	30,762	35,521	38,396	35,053	35,646	24,153	56,941	38,765	36,105	34,807
Operating Income (Loss)
6,234	9,260	10,405	11,296	12,413	7,293	15,991	13,979	4,883	222	14,771	10,150	12,849	-728	7,464	-13,397	3,189	2,168	8,075	7,160	10,623	8,219	12,060	10,567	11,172	10,099	9,789	5,391	5,947	13,362	14,298	10,566	10,654	15,759	20,535	21,918	25,264	40,081	25,591	36,026	27,396	14,967
Other expenses:
Interest Expense
1,616	1,804	2,150	2,159	2,267	2,669	2,588	2,500	2,519	2,588	2,691	2,761	2,852	3,325	4,129	3,473	73	75	73	72	69	265	295	1,993	1,998	2,018	2,013	2,009	2,030	2,111	2,311	2,192	2,183	2,146	2,127	2,135	2,090	2,063	1,975	1,980	1,966	1,967
Write off of Deferred Debt Issuance Cost
0	0	0	0	0	3,217	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Interest (Income) Interest and Other Expense
6	-77	-28	-22	-51	66	-443	198	-48	39	56	88	-74	-2	-83	-5	110	112	124	107	90	84	156	256	228	273	289	287	315	276	295	370	434	496	544	557	626	694	482	315	178	235
Income before provision for income taxes
4,612	7,533	8,213	9,159	10,197	1,341	13,338	11,281	2,412	-2,405	12,160	7,301	10,071	-4,051	3,242	-16,865	3,226	2,205	8,126	7,195	10,644	8,038	11,921	8,830	9,402	8,354	8,065	3,669	4,232	11,527	12,282	8,744	8,905	14,109	18,952	20,340	23,800	38,712	24,098	34,361	25,608	13,235
Income Tax Expense (Benefit)
1,117	1,145	2,078	1,547	2,371	-2,127	5,880	3,071	-13,349	-745	4,846	2,884	3,486	-1,562	540	-2,510	750	766	2,651	2,235	3,059	2,813	3,933	2,955	3,419	3,049	2,909	817	1,867	4,092	4,354	2,678	3,084	1,508	7,064	6,085	7,704	13,056	10,629	12,565	9,275	4,203
Net Income (Loss) Attributable to Parent
3,495	6,388	6,135	7,612	7,826	3,468	7,458	8,210	15,761	-1,660	7,314	4,417	6,585	-2,489	2,702	-14,355	2,476	1,439	5,475	4,960	7,585	5,225	7,988	5,875	5,983	5,305	5,156	2,852	2,365	7,435	7,928	6,066	5,821	12,601	11,888	14,255	16,096	25,656	13,469	21,796	16,333	9,032
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.14	0.26	0.26	0.31	0.33	0.14	0.32	0.34	0.66	-0.07	0.32	0.19	0.28	-0.11	0.19	-0.89	0.15	0.09	0.33	0.31	0.47	0.32	0.50	0.39	0.37	0.32	0.31	0.17	0.14	0.43	0.47	0.32	0.29	0.54	0.49	0.54	0.59	0.91	0.47	0.77	0.58	0.32
Diluted (in dollars per share)
0.14	0.26	0.26	0.31	0.32	0.14	0.31	0.34	0.66	-0.07	0.31	0.19	0.28	-0.11	0.19	-0.89	0.15	0.09	0.34	0.30	0.46	0.32	0.45	0.32	0.32	0.28	0.30	0.17	0.14	0.36	0.39	0.29	0.27	0.47	0.44	0.47	0.52	0.79	0.43	0.67	0.51	0.30
Weighted average number of common shares outstanding – basic (in shares)
24,659	24,555	24,271	24,192	24,034	23,999	23,853	23,834	23,816	23,797	23,470	23,449	23,428	23,385	19,336	16,195	16,186	16,171	16,152	16,202	16,241	16,217	16,148	15,200	15,970	16,454	16,442	16,731	17,300	17,379	17,783	18,853	20,087	23,257	25,463	26,577	27,209	28,119	28,317	28,291	28,250	28,222
Weighted average number of common and common equivalent shares outstanding – diluted (in shares)
25,058	24,737	24,335	24,330	24,168	24,375	24,358	24,052	23,953	23,797	23,623	23,503	23,445	23,385	19,294	16,195	16,205	16,194	16,272	16,382	16,505	16,513	16,675	21,764	22,487	22,698	34,584	16,827	17,401	23,444	23,851	24,910	26,056	29,147	31,360	32,378	32,983	33,771	34,073	34,086	34,080	34,057
Dividends declared per issued and outstanding common share as of the applicable dividend record date (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.10	0.10	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.25	0.25	0.25	0.25	0.00	0.00	0.00	0.00