** Telecommunications technology company Comtech CMTL.O shares down ~14% to $3.55 premarket
** Co posts Q1'FY25 operating loss of $129.2 million
** CMTL says it is "not providing guidance"
** Separately, co says turnaround exec Ken Traub has replaced John Ratigan as president and CEO to explore strategic alternatives
** CMTL says the board has broadened its strategic review process to include its satellite & space communications unit along with a terrestrial & wireless networks unit
** Co says global workforce reduced by ~13% since July 2024 and expects to incur $1.1 mln of ~$2.8 mln severance costs in Q2 FY25
** CMTL lost ~48.1% of its value in 2024
(Reporting by Rishi Kant in Bengaluru)
((Rishi.Kant@thomsonreuters.com))
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