Comtech Telecommunications Corporation reported fiscal year 2025 net sales of $499.5 million and a gross margin of 25.6%. The company recorded an operating loss of $139.1 million and a net loss attributable to common shareholders of $204.3 million. Adjusted EBITDA showed a loss of $2.0 million. Net bookings reached $372.7 million, with a book-to-bill ratio of 0.75x. The company highlighted increased liquidity to $47 million, up from $27 million in March, and reduced accounts payable to $26 million. Gross margins rose from 12.5% in the first quarter to 31.2% in the fourth quarter. Comtech also reported that disclosure regarding its ability to continue as a going concern has been removed following improved financial health and the successful turnaround of its Satellite & Space Communications business. The Allerium business, formerly Terrestrial & Wireless Networks, has expanded its presence in the public safety market.