Comtech Telecommunications Corp(NASDAQ:CMTL) 
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satelli...
Website: http://www.comtechtel.com
Founded: 1967
Full Time Employees: 2,034
Sector: Technology
Industry: Communication Equipment
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-01-31 | 2020-10-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2012-10-31 | 2012-04-30 | 2012-01-31 | 2011-10-31 | 2011-07-31 | 2010-04-30 | 2010-01-31 | 2009-10-31 | 2005-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net sales | 106,004,000 | 106,761,000 | 111,032,000 | 130,367,000 | 126,787,000 | 126,574,000 | 115,800,000 | 126,191,000 | 128,076,000 | 151,911,000 | 148,814,000 | 136,316,000 | 133,725,000 | 131,139,000 | 126,983,000 | 122,116,000 | 120,381,000 | 116,759,000 | 161,292,000 | 135,218,000 | 135,121,000 | 161,654,000 | 170,267,000 | 176,372,000 | 170,448,000 | 164,133,000 | 160,844,000 | 167,435,000 | 147,854,000 | 133,731,000 | 121,569,000 | 147,762,000 | 127,792,000 | 90,953,000 | 99,793,000 | 99,141,000 | 113,361,000 | 91,128,000 | 216,303,000 | 171,132,000 | 133,816,000 | ||
yoy | -16.39% | -15.65% | -4.12% | 3.31% | -1.01% | -16.68% | -22.18% | -7.43% | -4.22% | 15.84% | 17.19% | 11.63% | 11.08% | 12.32% | -24.29% | -10.97% | -13.59% | -5.27% | -23.33% | -20.73% | -1.51% | 5.86% | 5.34% | 15.28% | 22.73% | 32.31% | 13.31% | 15.70% | 47.03% | 21.82% | 49.04% | 12.73% | -0.19% | -53.86% | -42.07% | -15.29% | |||||||
qoq | -0.71% | -3.85% | -14.83% | 2.82% | 0.17% | 9.30% | -8.23% | -1.47% | -15.69% | 2.08% | 9.17% | 1.94% | 1.97% | 3.27% | 3.99% | 1.44% | 3.10% | 19.28% | 0.07% | -16.41% | -5.06% | -3.46% | 3.48% | 3.85% | 2.04% | -3.94% | 13.24% | 10.56% | 10.00% | -17.73% | 15.63% | 40.50% | -8.86% | 0.66% | -12.54% | 24.40% | -57.87% | 26.40% | 27.89% | ||||
cost of sales | 69,938,000 | 70,538,000 | 74,266,000 | 89,694,000 | 87,842,000 | 92,834,000 | 101,284,000 | 99,046,000 | 89,122,000 | 104,029,000 | 100,227,000 | 93,170,000 | 87,801,000 | 84,336,000 | 81,404,000 | 75,452,000 | 74,523,000 | 75,024,000 | 105,612,000 | 85,010,000 | 82,120,000 | 101,052,000 | 106,700,000 | 112,362,000 | 106,032,000 | 102,888,000 | 103,075,000 | 104,447,000 | 85,418,000 | 82,930,000 | 73,853,000 | 87,350,000 | 75,331,000 | 49,150,000 | 58,115,000 | 57,725,000 | 62,081,000 | 38,148,000 | 141,512,000 | 107,631,000 | 84,042,000 | ||
gross profit | 36,066,000 | 36,223,000 | 36,766,000 | 40,673,000 | 38,945,000 | 33,740,000 | 14,516,000 | 27,145,000 | 38,954,000 | 47,882,000 | 48,587,000 | 43,146,000 | 45,924,000 | 46,803,000 | 45,579,000 | 46,664,000 | 45,858,000 | 41,735,000 | 55,680,000 | 50,208,000 | 53,001,000 | 60,602,000 | 63,567,000 | 64,010,000 | 64,416,000 | 61,245,000 | 57,769,000 | 62,988,000 | 62,436,000 | 50,801,000 | 47,716,000 | 60,412,000 | 52,461,000 | 41,803,000 | 41,678,000 | 41,416,000 | 51,280,000 | 52,980,000 | 74,791,000 | 63,501,000 | 49,774,000 | ||
yoy | -7.39% | 7.36% | 153.28% | 49.84% | -0.02% | -29.54% | -70.12% | -37.09% | -15.18% | 2.31% | 6.60% | -7.54% | 0.14% | 12.14% | -16.19% | -8.66% | -21.26% | -12.41% | -21.56% | -17.72% | -1.05% | 10.04% | 1.62% | 3.17% | 20.56% | 21.07% | 4.26% | 19.01% | 21.52% | 14.49% | 45.87% | 2.30% | -21.10% | -44.27% | -34.78% | 3.03% | |||||||
qoq | -0.43% | -1.48% | -9.61% | 4.44% | 15.43% | 132.43% | -46.52% | -30.32% | -18.65% | -1.45% | 12.61% | -6.05% | -1.88% | 2.69% | -2.33% | 1.76% | 9.88% | 10.90% | -5.27% | -12.54% | -4.66% | -0.69% | -0.63% | 5.18% | 6.02% | -8.29% | 0.88% | 22.90% | 6.47% | -21.02% | 15.16% | 25.50% | 0.30% | 0.63% | -19.24% | -3.21% | -29.16% | 17.78% | 27.58% | ||||
gross margin % | 34.02% | 33.93% | 33.11% | 31.20% | 30.72% | 26.66% | 12.54% | 21.51% | 30.41% | 31.52% | 32.65% | 31.65% | 34.34% | 35.69% | 35.89% | 38.21% | 38.09% | 35.74% | NaN% | 34.52% | 37.13% | 39.22% | 37.49% | 37.33% | 36.29% | 37.79% | 37.31% | 35.92% | 37.62% | 42.23% | 37.99% | 39.25% | 40.88% | 41.05% | 45.96% | 41.76% | 41.77% | 45.24% | 58.14% | 34.58% | 37.11% | 37.20% | |
expenses: | |||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative | 29,331,000 | 27,681,000 | 29,938,000 | 27,808,000 | 30,203,000 | 33,832,000 | 51,644,000 | 31,499,000 | 28,697,000 | 32,695,000 | 30,354,000 | 31,397,000 | 28,915,000 | 29,337,000 | 29,163,000 | 27,626,000 | 29,827,000 | 28,242,000 | 29,462,000 | 27,540,000 | 32,313,000 | 29,374,000 | 31,851,000 | 31,396,000 | 33,409,000 | 31,987,000 | 31,847,000 | 27,822,000 | 30,410,000 | 27,215,000 | 28,475,000 | 26,484,000 | 25,923,000 | 16,810,000 | 20,005,000 | 19,626,000 | 24,118,000 | 23,885,000 | 25,628,000 | 22,909,000 | 21,719,000 | ||
research and development | 5,220,000 | 4,430,000 | 3,790,000 | 4,916,000 | 4,425,000 | 4,354,000 | 3,713,000 | 3,676,000 | 5,746,000 | 7,812,000 | 11,763,000 | 11,676,000 | 12,441,000 | 12,751,000 | 13,148,000 | 14,255,000 | 12,632,000 | 12,497,000 | 12,664,000 | 11,635,000 | 12,324,000 | 13,740,000 | 14,861,000 | 15,743,000 | 13,471,000 | 13,983,000 | 13,210,000 | 13,906,000 | 12,778,000 | 13,435,000 | 13,750,000 | 13,889,000 | 12,961,000 | 10,049,000 | 9,481,000 | 9,444,000 | 9,684,000 | 9,378,000 | 11,383,000 | 11,431,000 | 11,324,000 | ||
amortization of intangibles | 4,597,000 | 5,043,000 | 5,044,000 | 5,043,000 | 5,044,000 | 5,043,000 | 6,593,000 | 5,288,000 | 5,289,000 | 5,289,000 | 5,349,000 | 5,349,000 | 5,349,000 | 5,349,000 | 5,349,000 | 5,349,000 | 5,349,000 | 5,349,000 | 4,795,000 | 5,566,000 | 5,517,000 | 5,229,000 | 5,206,000 | 5,207,000 | 4,536,000 | 4,288,000 | 4,289,000 | 5,269,000 | 5,269,000 | 5,268,000 | 5,269,000 | 5,268,000 | 5,468,000 | 1,582,000 | 1,626,000 | 1,692,000 | 1,719,000 | 2,808,000 | 1,754,000 | 1,765,000 | 1,764,000 | ||
ceo transition costs | 40,000 | 305,000 | 751,000 | 1,045,000 | 805,000 | -331,000 | 598,000 | 424,000 | 2,492,000 | 9,090,000 | 13,554,000 | ||||||||||||||||||||||||||||||||
proxy solicitation costs | 1,099,000 | 1,583,000 | 9,086,000 | 2,162,000 | |||||||||||||||||||||||||||||||||||||||
impairment of long-lived assets, including goodwill | 79,555,000 | ||||||||||||||||||||||||||||||||||||||||||
expenses: - sum | 39,188,000 | 37,459,000 | 39,523,000 | 38,812,000 | 40,477,000 | 43,997,000 | 143,686,000 | 108,624,000 | 42,424,000 | 45,796,000 | 47,466,000 | 48,422,000 | 46,705,000 | 56,527,000 | 47,660,000 | 47,230,000 | 70,448,000 | 48,250,000 | 50,278,000 | 135,924,000 | 56,137,000 | 54,368,000 | 54,307,000 | 53,605,000 | 53,120,000 | 48,832,000 | 50,476,000 | 46,997,000 | 48,457,000 | 45,918,000 | 47,494,000 | 45,641,000 | 42,311,000 | 28,441,000 | 31,112,000 | 30,762,000 | 35,521,000 | 23,571,000 | 38,765,000 | 36,105,000 | 34,807,000 | ||
operating income | -3,122,000 | -1,236,000 | -2,757,000 | 1,861,000 | -1,532,000 | -10,257,000 | -129,170,000 | -81,479,000 | -3,470,000 | 2,086,000 | 1,121,000 | -5,276,000 | -781,000 | -9,724,000 | -2,081,000 | -566,000 | -24,590,000 | -6,515,000 | 5,402,000 | -85,716,000 | -3,136,000 | 6,234,000 | 9,260,000 | 10,405,000 | 11,296,000 | 12,413,000 | 7,293,000 | 15,991,000 | 13,979,000 | 4,883,000 | 222,000 | 14,771,000 | 10,150,000 | 13,362,000 | 10,566,000 | 10,654,000 | 15,759,000 | 29,409,000 | 36,026,000 | 27,396,000 | 14,967,000 | ||
yoy | 103.79% | -87.95% | -97.87% | -102.28% | -55.85% | -591.71% | -11622.75% | 1444.33% | 344.30% | -121.45% | -153.87% | 832.16% | -96.82% | 49.26% | -110.48% | -71.31% | 107.75% | -41.66% | -923.80% | -127.76% | -49.78% | 26.97% | -34.93% | -19.19% | 154.21% | 3185.14% | 8.26% | 37.72% | -63.46% | -97.90% | 38.64% | -35.59% | -54.56% | -70.67% | -61.11% | 5.29% | |||||||
qoq | 152.59% | -55.17% | -248.15% | -221.48% | -85.06% | -92.06% | 58.53% | 2248.10% | -266.35% | 86.08% | -121.25% | 575.54% | -91.97% | 367.28% | 267.67% | -97.70% | 277.44% | -106.30% | 2633.29% | -150.30% | -32.68% | -11.00% | -7.89% | -9.00% | 70.20% | -54.39% | 14.39% | 186.28% | 2099.55% | -98.50% | 45.53% | -24.04% | 26.46% | -0.83% | -32.39% | -46.41% | -18.37% | 31.50% | 83.04% | ||||
operating margin % | -2.95% | -1.16% | -2.48% | 1.43% | -1.21% | -8.10% | -111.55% | -64.57% | -2.71% | 1.37% | 0.75% | -3.87% | -0.58% | -7.42% | -1.64% | -0.46% | -20.43% | -5.58% | NaN% | 3.35% | -63.39% | -2.32% | 3.86% | 5.44% | 5.90% | 6.63% | 7.56% | 4.53% | 9.55% | 9.45% | 3.65% | 0.18% | 10.00% | 7.94% | 14.69% | 10.59% | 10.75% | 13.90% | 32.27% | 16.66% | 16.01% | 11.18% | |
other expenses | |||||||||||||||||||||||||||||||||||||||||||
interest expense | 11,537,000 | 11,224,000 | 11,553,000 | 12,203,000 | 12,907,000 | 11,008,000 | 9,532,000 | 6,810,000 | 5,146,000 | 4,932,000 | 4,549,000 | 4,386,000 | 3,791,000 | 2,235,000 | 1,455,000 | 981,000 | 988,000 | 1,607,000 | 1,418,000 | 2,297,000 | 1,504,000 | 1,616,000 | 1,804,000 | 2,150,000 | 2,159,000 | 2,267,000 | 2,669,000 | 2,588,000 | 2,500,000 | 2,519,000 | 2,588,000 | 2,111,000 | 2,192,000 | 2,183,000 | 2,146,000 | 2,502,000 | 1,980,000 | 1,966,000 | 1,967,000 | ||||
interest (income) and other | 5,000 | -208,000 | -223,000 | -509,000 | -126,000 | 635,000 | -568,000 | 409,000 | -65,000 | 298,000 | 728,000 | 455,000 | -255,000 | -443,000 | -449,000 | -30,000 | 219,000 | -66,000 | 66,000 | 108,000 | 6,000 | -77,000 | 42,000 | -22,000 | -51,000 | 66,000 | 65,000 | 198,000 | -48,000 | 39,000 | |||||||||||||
change in fair value of warrants and derivatives | -12,479,000 | 1,366,000 | 1,350,000 | -23,048,000 | -49,542,000 | 28,568,000 | 5,524,000 | ||||||||||||||||||||||||||||||||||||
write-off of deferred financing costs and debt discounts | 4,086,000 | 3,479,000 | |||||||||||||||||||||||||||||||||||||||||
income before provision for income taxes | -2,185,000 | -13,618,000 | -15,437,000 | -40,961,750 | 32,133,000 | -49,707,000 | -146,273,000 | -2,140,250 | -2,586,000 | -3,092,000 | -796,000 | 4,050,000 | -88,079,000 | -4,748,000 | 4,612,000 | 7,533,000 | 8,213,000 | 9,159,000 | 10,197,000 | 13,338,000 | 11,281,000 | 2,412,000 | 12,160,000 | 7,301,000 | 11,527,000 | 8,744,000 | 8,905,000 | 14,109,000 | 28,600,000 | 34,361,000 | 25,608,000 | 13,235,000 | |||||||||||
provision for income taxes | 1,268,000 | 17,000 | 442,000 | -158,750 | -1,801,000 | -968,000 | 2,134,000 | 159,750 | -5,381,000 | 2,077,000 | -771,000 | -155,000 | -2,239,000 | -759,000 | 1,117,000 | 1,145,000 | 2,078,000 | 1,547,000 | 2,371,000 | 5,880,000 | 3,071,000 | -13,349,000 | 4,846,000 | 2,884,000 | 4,092,000 | 2,678,000 | 3,084,000 | 1,508,000 | 7,866,000 | 12,565,000 | 9,275,000 | 4,203,000 | |||||||||||
net income | -3,453,000 | -13,635,000 | -15,879,000 | 7,910,000 | 33,934,000 | -48,739,000 | -148,407,000 | -90,785,000 | 2,795,000 | -1,437,000 | -3,540,000 | -7,458,000 | -4,805,000 | -11,096,000 | -5,169,000 | -25,000 | -21,874,000 | -5,984,000 | 4,205,000 | -85,840,000 | -3,989,000 | 3,495,000 | 6,388,000 | 6,135,000 | 7,612,000 | 7,826,000 | 3,468,000 | 7,458,000 | 8,210,000 | 15,761,000 | -1,660,000 | 7,314,000 | 4,417,000 | 7,435,000 | 6,066,000 | 5,821,000 | 12,601,000 | 20,734,000 | 21,796,000 | 16,333,000 | 9,032,000 | ||
yoy | -110.18% | -72.02% | -89.30% | -108.71% | 1114.10% | 3291.72% | 4092.29% | 1117.28% | -158.17% | -87.05% | -31.51% | 29732.00% | -78.03% | 85.43% | -100.59% | -74.52% | 50.01% | -34.17% | -1499.19% | -152.40% | -55.34% | 84.20% | -17.74% | -7.28% | -50.35% | -308.92% | 1.97% | 85.87% | 111.98% | -127.37% | 25.65% | -64.95% | -64.14% | -72.17% | -64.36% | 39.52% | |||||||
qoq | -74.68% | -14.13% | -300.75% | -76.69% | -169.62% | -67.16% | 63.47% | -3348.12% | -294.50% | -59.41% | -52.53% | 55.21% | -56.70% | 114.66% | 20576.00% | -99.89% | 265.54% | -104.90% | 2051.92% | -214.13% | -45.29% | 4.12% | -19.40% | -2.73% | 125.66% | -53.50% | -9.16% | -47.91% | -1049.46% | -122.70% | 65.59% | -40.59% | 22.57% | 4.21% | -53.81% | -39.23% | -4.87% | 33.45% | 80.83% | ||||
net income margin % | -3.26% | -12.77% | -14.30% | 6.07% | 26.76% | -38.51% | -128.16% | -71.94% | 2.18% | -0.95% | -2.38% | -5.47% | -3.59% | -8.46% | -4.07% | -0.02% | -18.17% | -5.13% | NaN% | 2.61% | -63.48% | -2.95% | 2.16% | 3.75% | 3.48% | 4.47% | 4.77% | 2.16% | 4.45% | 5.55% | 11.79% | -1.37% | 4.95% | 3.46% | 8.17% | 6.08% | 5.87% | 11.12% | 22.75% | 10.08% | 9.54% | 6.75% | |
gain on extinguishment of convertible preferred stock | 51,179,000 | ||||||||||||||||||||||||||||||||||||||||||
adjustments to reflect redemption value of convertible preferred stock: | |||||||||||||||||||||||||||||||||||||||||||
dividends on convertible preferred stock | -10,810,000 | -3,903,000 | -20,164,000 | -48,405,000 | |||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -14,263,000 | -20,160,000 | -19,782,000 | -11,562,000 | -14,471,000 | -22,356,000 | -155,862,000 | -100,608,000 | -1,040,000 | -3,260,000 | -5,334,000 | -9,224,000 | -6,542,000 | -12,806,000 | -11,231,000 | ||||||||||||||||||||||||||||
net loss per common share | |||||||||||||||||||||||||||||||||||||||||||
basic | -0.47 | -0.68 | -0.67 | -1.64 | -0.49 | -0.76 | -5.29 | -0.303 | -0.04 | -0.11 | -0.255 | -0.33 | -0.23 | -0.46 | -0.43 | ||||||||||||||||||||||||||||
diluted | -0.47 | -0.68 | -0.67 | -1.64 | -0.49 | -0.76 | -5.29 | -0.303 | -0.04 | -0.11 | -0.255 | -0.33 | -0.23 | -0.46 | -0.43 | ||||||||||||||||||||||||||||
weighted-average number of common shares outstanding – basic | 30,034,000 | 29,824,000 | 29,618,000 | 29,405,000 | 29,399,000 | 29,339,000 | 29,446,000 | 28,799,000 | 28,854,000 | 28,745,000 | 28,002,000 | 28,071,000 | 27,954,000 | 27,830,000 | 26,506,000 | 26,528,000 | 26,472,000 | 26,426,000 | 25,685,000 | 25,337,000 | 25,305,000 | 24,982,000 | 24,659,000 | 24,555,000 | 24,124,000 | 24,192,000 | 24,034,000 | 23,999,000 | 23,825,000 | 23,834,000 | 23,816,000 | 23,797,000 | 23,433,000 | 23,449,000 | 17,379,000 | 18,853,000 | 20,087,000 | 23,257,000 | 26,842,000 | 28,291,000 | |||
weighted-average number of common and common equivalent shares outstanding – diluted | 30,034,000 | 29,824,000 | 29,618,000 | 29,405,000 | 29,399,000 | 29,339,000 | 29,446,000 | 28,799,000 | 28,854,000 | 28,745,000 | 28,002,000 | 28,071,000 | 27,954,000 | 27,830,000 | 26,506,000 | 26,528,000 | 26,472,000 | 26,426,000 | 25,685,000 | 25,420,000 | 25,305,000 | 24,982,000 | 25,058,000 | 24,737,000 | 24,302,000 | 24,330,000 | 24,168,000 | 24,375,000 | 24,040,000 | 24,052,000 | 23,953,000 | 23,797,000 | 23,489,000 | 23,503,000 | 23,444,000 | 24,910,000 | 26,056,000 | 29,147,000 | 32,623,000 | 34,086,000 | |||
(dividends) deemed contributions on convertible preferred stock | -6,525,000 | ||||||||||||||||||||||||||||||||||||||||||
loss on business divestiture | 3,212,000 | 200,000 | |||||||||||||||||||||||||||||||||||||||||
convertible preferred stock issuance costs | -76,000 | -4,007,000 | |||||||||||||||||||||||||||||||||||||||||
gain on business divestiture | |||||||||||||||||||||||||||||||||||||||||||
write-off of deferred financing costs | 1,412,000 | 3,217,000 | |||||||||||||||||||||||||||||||||||||||||
deemed contributions (dividends) on convertible preferred stock | 26,383,000 | ||||||||||||||||||||||||||||||||||||||||||
dividend on convertible preferred stock | -58,634,000 | -3,908,000 | -3,759,000 | -1,823,000 | -1,794,000 | -1,766,000 | -1,737,000 | -1,710,000 | -1,682,000 | -1,655,000 | -1,632,000 | -235,000 | |||||||||||||||||||||||||||||||
change in fair value of warrants | -1,609,750 | -6,439,000 | |||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of convertible preferred stock | -5,915,000 | ||||||||||||||||||||||||||||||||||||||||||
loss before benefit from income taxes | -2,781,000 | -3,726,000 | -10,390,000 | -5,027,000 | -11,704,000 | -8,037,000 | -2,405,000 | ||||||||||||||||||||||||||||||||||||
benefit from income taxes | -1,344,000 | -186,000 | -2,932,000 | -222,000 | -608,000 | -3,276,000 | -2,053,000 | -2,127,000 | -745,000 | ||||||||||||||||||||||||||||||||||
change in fair value of convertible preferred stock purchase option liability | -1,000 | -302,000 | -398,000 | -304,000 | |||||||||||||||||||||||||||||||||||||||
establishment of initial convertible preferred stock purchase option liability | -1,005,000 | ||||||||||||||||||||||||||||||||||||||||||
former ceo transition costs | 3,388,500 | ||||||||||||||||||||||||||||||||||||||||||
acquisition plan expenses | 3,357,000 | 91,183,000 | 5,983,000 | 6,025,000 | 2,389,000 | 1,259,000 | 1,704,000 | 1,778,000 | 1,130,000 | ||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | -6,851,000 | -1,680,000 | -23,506,000 | ||||||||||||||||||||||||||||||||||||||||
net income per common share | |||||||||||||||||||||||||||||||||||||||||||
basic | -0.26 | -0.06 | -0.89 | 0.17 | -3.39 | -0.16 | 0.14 | 0.26 | 0.25 | 0.31 | 0.33 | 0.14 | 0.31 | 0.34 | 0.66 | -0.07 | 0.32 | 0.19 | 0.43 | 0.32 | 0.29 | 0.54 | 0.86 | 0.77 | 0.58 | 0.32 | |||||||||||||||||
diluted | -0.26 | -0.06 | -0.89 | 0.17 | -3.39 | -0.16 | 0.14 | 0.26 | 0.25 | 0.31 | 0.32 | 0.14 | 0.31 | 0.34 | 0.66 | -0.07 | 0.31 | 0.19 | 0.36 | 0.29 | 0.27 | 0.47 | 0.74 | 0.67 | 0.51 | 0.3 | |||||||||||||||||
income before benefit from income taxes | -25,150,000 | 1,341,000 | |||||||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||
basic | -0.26 | -0.06 | -0.89 | 0.17 | -3.39 | -0.16 | 0.14 | 0.26 | 0.25 | 0.31 | 0.33 | 0.14 | 0.31 | 0.34 | 0.66 | -0.07 | 0.32 | 0.19 | 0.43 | 0.32 | 0.29 | 0.54 | 0.86 | 0.77 | 0.58 | 0.32 | |||||||||||||||||
diluted | -0.26 | -0.06 | -0.89 | 0.17 | -3.39 | -0.16 | 0.14 | 0.26 | 0.25 | 0.31 | 0.32 | 0.14 | 0.31 | 0.34 | 0.66 | -0.07 | 0.31 | 0.19 | 0.36 | 0.29 | 0.27 | 0.47 | 0.74 | 0.67 | 0.51 | 0.3 | |||||||||||||||||
settlement of intellectual property litigation | -3,204,000 | -2,041,000 | |||||||||||||||||||||||||||||||||||||||||
other expenses: | |||||||||||||||||||||||||||||||||||||||||||
dividends declared per issued and outstanding common share as of the applicable dividend record date | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.275 | 0.275 | 0.275 | 0.275 | |||||||||||||||||||||||||||||||||
interest expense and other | 2,691,000 | 2,761,000 | |||||||||||||||||||||||||||||||||||||||||
interest income and other | -80,000 | 88,000 | -276,000 | -370,000 | -434,000 | -496,000 | -1,693,000 | -315,000 | -178,000 | -235,000 | |||||||||||||||||||||||||||||||||
merger termination fee | |||||||||||||||||||||||||||||||||||||||||||
amortization of acquired in-process research and development | |||||||||||||||||||||||||||||||||||||||||||
weighted average number of common shares outstanding – basic | 28,250,000 | 28,222,000 | |||||||||||||||||||||||||||||||||||||||||
weighted average number of common and common equivalent shares outstanding – diluted | 34,080,000 | 34,057,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-01-31 | 2020-10-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2012-10-31 | 2012-04-30 | 2012-01-31 | 2011-10-31 | 2011-07-31 | 2010-04-30 | 2010-01-31 | 2009-10-31 | 2005-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
current assets: | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 28,499,000 | 32,826,000 | 43,635,000 | 40,019,000 | 28,434,000 | 26,666,000 | 29,644,000 | 32,433,000 | 27,192,000 | 18,116,000 | 18,961,000 | 21,404,000 | 21,504,000 | 21,528,000 | 21,654,000 | 30,918,000 | 30,917,000 | 30,861,000 | 30,934,000 | 32,468,000 | 50,634,000 | 46,471,000 | 46,873,000 | 45,576,000 | 45,152,000 | 45,997,000 | 42,943,000 | 43,484,000 | 44,173,000 | 40,472,000 | 42,507,000 | 41,844,000 | 58,817,000 | 374,506,000 | 367,649,000 | 400,216,000 | 474,322,000 | 558,804,000 | 568,277,000 | 514,155,000 | 500,055,000 | 214,413,000 |
accounts receivable | 127,795,000 | 127,871,000 | 140,275,000 | 144,837,000 | 151,472,000 | 167,197,000 | 180,864,000 | 195,595,000 | 199,646,000 | 185,065,000 | 163,159,000 | 144,195,000 | 134,922,000 | 128,787,000 | 123,711,000 | 138,767,000 | 136,822,000 | 158,110,000 | 149,928,000 | 132,070,000 | 137,887,000 | 147,983,000 | 161,044,000 | 145,032,000 | 142,770,000 | 138,920,000 | 159,255,000 | 147,439,000 | 127,267,000 | 117,973,000 | 113,943,000 | 124,962,000 | 120,448,000 | 46,927,000 | 73,009,000 | 60,902,000 | 74,472,000 | 70,801,000 | 107,695,000 | 100,828,000 | 92,036,000 | 56,052,000 |
inventories | 61,828,000 | 66,005,000 | 67,845,000 | 68,955,000 | 77,691,000 | 81,401,000 | 81,804,000 | 93,136,000 | 96,120,000 | 85,440,000 | 105,845,000 | 107,311,000 | 100,130,000 | 99,748,000 | 96,317,000 | 90,274,000 | 87,696,000 | 80,358,000 | 81,630,000 | 81,400,000 | 79,423,000 | 74,064,000 | 71,810,000 | 74,839,000 | 83,034,000 | 87,395,000 | 89,569,000 | 75,076,000 | 76,554,000 | 71,707,000 | 70,191,000 | 60,603,000 | 67,337,000 | 68,648,000 | 76,664,000 | 75,207,000 | 74,700,000 | 74,661,000 | 75,077,000 | 90,420,000 | 94,505,000 | 45,103,000 |
prepaid expenses and other current assets | 18,588,000 | 14,923,000 | 14,829,000 | 16,375,000 | 17,063,000 | 14,283,000 | 14,244,000 | 15,387,000 | 21,428,000 | 20,230,000 | 17,521,000 | 17,924,000 | 19,871,000 | 19,507,000 | 21,649,000 | 21,443,000 | 18,532,000 | 18,167,000 | 19,417,000 | 28,609,000 | 22,691,000 | 21,052,000 | 15,995,000 | 14,867,000 | 18,263,000 | 13,493,000 | 13,133,000 | 13,794,000 | 13,912,000 | 14,915,000 | 15,302,000 | 13,635,000 | 19,599,000 | 5,645,000 | 10,248,000 | 8,747,000 | 6,863,000 | 7,270,000 | 9,745,000 | 7,430,000 | 10,300,000 | 4,387,000 |
total current assets | 236,710,000 | 241,625,000 | 266,584,000 | 270,186,000 | 274,660,000 | 289,547,000 | 306,556,000 | 336,551,000 | 344,386,000 | 353,745,000 | 305,486,000 | 290,834,000 | 276,427,000 | 269,570,000 | 263,331,000 | 281,402,000 | 273,967,000 | 287,496,000 | 281,909,000 | 274,547,000 | 290,635,000 | 289,570,000 | 295,722,000 | 280,314,000 | 289,219,000 | 285,805,000 | 304,900,000 | 279,793,000 | 261,906,000 | 245,067,000 | 241,943,000 | 241,044,000 | 266,201,000 | 505,995,000 | 540,553,000 | 556,964,000 | 641,724,000 | 723,065,000 | 774,713,000 | 726,906,000 | 711,949,000 | 329,081,000 |
property, plant and equipment | 45,017,000 | 44,905,000 | 44,357,000 | 43,410,000 | 44,462,000 | 45,228,000 | 46,433,000 | 47,328,000 | 50,653,000 | 50,648,000 | 53,029,000 | 53,806,000 | 54,146,000 | 52,688,000 | 50,363,000 | 42,445,000 | 38,569,000 | 35,286,000 | 26,136,000 | 26,043,000 | 27,149,000 | 27,390,000 | 26,873,000 | 28,026,000 | 29,388,000 | 28,391,000 | 28,543,000 | 28,987,000 | 30,240,000 | 30,122,000 | 31,401,000 | 32,847,000 | 33,981,000 | 21,861,000 | 23,879,000 | 24,515,000 | 25,661,000 | 26,638,000 | 33,549,000 | 35,348,000 | 36,444,000 | 18,683,000 |
operating lease right-of-use assets | 30,703,000 | 31,577,000 | 31,972,000 | 30,812,000 | 31,177,000 | 30,231,000 | 29,873,000 | 31,590,000 | 33,791,000 | 37,209,000 | 44,410,000 | 45,654,000 | 47,633,000 | 49,658,000 | 49,767,000 | 54,328,000 | 48,656,000 | 44,486,000 | 51,020,000 | 28,340,000 | 31,942,000 | 33,062,000 | 34,148,000 | |||||||||||||||||||
goodwill | 204,625,000 | 204,625,000 | 204,625,000 | 204,625,000 | 204,625,000 | 204,625,000 | 204,625,000 | 284,180,000 | 333,105,000 | 333,105,000 | 347,692,000 | 347,692,000 | 347,692,000 | 347,692,000 | 347,692,000 | 347,692,000 | 347,692,000 | 347,698,000 | 333,793,000 | 331,487,000 | 335,477,000 | 328,476,000 | 309,871,000 | 310,489,000 | 310,247,000 | 290,633,000 | 290,633,000 | 290,633,000 | 290,633,000 | 290,633,000 | 290,633,000 | 290,633,000 | 290,633,000 | 137,354,000 | 137,354,000 | 137,354,000 | 137,354,000 | 137,354,000 | 149,253,000 | 149,253,000 | 149,253,000 | 22,244,000 |
intangibles with finite lives | 158,421,000 | 163,018,000 | 168,061,000 | 173,105,000 | 178,148,000 | 183,192,000 | 188,235,000 | 194,828,000 | 210,041,000 | 220,618,000 | 225,907,000 | 231,256,000 | 236,605,000 | 241,954,000 | 247,303,000 | 258,001,000 | 263,350,000 | 268,699,000 | 247,758,000 | 252,453,000 | 260,162,000 | 264,255,000 | 256,684,000 | 261,890,000 | 267,097,000 | 232,219,000 | 236,507,000 | 240,796,000 | 246,065,000 | 251,334,000 | 256,602,000 | 261,871,000 | 267,139,000 | 37,251,000 | 40,433,000 | 42,059,000 | 43,751,000 | 45,470,000 | 50,102,000 | 51,856,000 | 53,508,000 | |
deferred financing costs | 1,430,000 | 1,590,000 | 1,749,000 | 1,907,000 | 1,850,000 | 1,806,000 | 1,936,000 | 3,251,000 | 1,722,000 | 1,879,000 | 2,349,000 | 2,819,000 | 3,274,000 | 811,000 | 1,014,000 | 1,419,000 | 1,622,000 | 1,824,000 | 2,023,000 | 2,207,000 | 2,575,000 | 2,759,000 | 2,943,000 | 3,128,000 | 3,311,000 | 3,495,000 | 3,678,000 | 2,205,000 | 2,420,000 | 2,635,000 | 2,850,000 | 3,065,000 | 2,765,000 | 2,135,000 | 2,947,000 | 3,326,000 | 3,706,000 | 3,823,000 | 5,022,000 | 5,368,000 | 5,707,000 | 2,995,000 |
other assets | 16,577,000 | 16,489,000 | 16,772,000 | 16,790,000 | 16,222,000 | 15,932,000 | 15,545,000 | 14,706,000 | 17,301,000 | 15,339,000 | 17,364,000 | 17,798,000 | 17,895,000 | 15,452,000 | 14,827,000 | 9,567,000 | 9,133,000 | 7,622,000 | 3,956,000 | 3,434,000 | 3,792,000 | 4,430,000 | 4,334,000 | 3,864,000 | 4,225,000 | 2,784,000 | 2,679,000 | 2,743,000 | 2,808,000 | 2,860,000 | 2,803,000 | 2,603,000 | 3,039,000 | 998,000 | 1,194,000 | 1,182,000 | 1,177,000 | 1,159,000 | 1,271,000 | 1,284,000 | 649,000 | 277,000 |
total assets | 693,483,000 | 703,829,000 | 734,120,000 | 740,835,000 | 751,144,000 | 770,561,000 | 793,203,000 | 912,434,000 | 990,999,000 | 1,012,543,000 | 996,237,000 | 989,859,000 | 983,672,000 | 977,825,000 | 974,297,000 | 994,854,000 | 982,989,000 | 993,111,000 | 946,595,000 | 918,511,000 | 951,732,000 | 949,942,000 | 931,022,000 | 887,711,000 | 903,487,000 | 843,327,000 | 866,940,000 | 845,157,000 | 834,072,000 | 822,651,000 | 826,232,000 | 832,063,000 | 863,758,000 | 705,594,000 | 746,360,000 | 765,400,000 | 853,373,000 | 937,509,000 | 1,013,910,000 | 970,015,000 | 957,510,000 | 382,403,000 |
liabilities, convertible preferred stock and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||
accounts payable | 22,235,000 | 24,061,000 | 25,955,000 | 25,965,000 | 27,188,000 | 43,056,000 | 43,514,000 | 42,477,000 | 54,520,000 | 66,501,000 | 64,241,000 | 62,776,000 | 38,491,000 | 42,319,000 | 44,591,000 | 32,550,000 | 34,441,000 | 36,193,000 | 38,994,000 | 25,887,000 | 32,942,000 | 27,250,000 | 29,380,000 | 24,330,000 | 37,225,000 | 30,057,000 | 35,340,000 | 43,928,000 | 30,125,000 | 27,662,000 | 30,512,000 | 29,402,000 | 27,226,000 | 14,210,000 | 18,363,000 | 18,668,000 | 18,631,000 | 23,501,000 | 43,798,000 | 33,631,000 | 24,208,000 | 23,577,000 |
accrued expenses and other current liabilities | 49,349,000 | 50,701,000 | 61,083,000 | 58,423,000 | 59,162,000 | 53,470,000 | 56,384,000 | 62,245,000 | 64,869,000 | 57,677,000 | 66,990,000 | 64,944,000 | 68,655,000 | 75,441,000 | 72,662,000 | 96,899,000 | 87,989,000 | 89,601,000 | 79,185,000 | 89,911,000 | 83,561,000 | 84,511,000 | 72,807,000 | 78,584,000 | 79,744,000 | 60,343,000 | 68,809,000 | 65,034,000 | 66,258,000 | 60,585,000 | 63,103,000 | 68,610,000 | 73,844,000 | 33,088,000 | 38,505,000 | 36,427,000 | 43,573,000 | 49,858,000 | 47,216,000 | 41,539,000 | 49,846,000 | 34,497,000 |
current portion of credit facility | 4,050,000 | 4,050,000 | 4,050,000 | 4,050,000 | 148,882,000 | 186,434,000 | 182,380,000 | |||||||||||||||||||||||||||||||||||
operating lease liabilities, current | 6,477,000 | 6,282,000 | 6,487,000 | 7,250,000 | 7,589,000 | 7,363,000 | 7,645,000 | 7,869,000 | 8,014,000 | 8,169,000 | 8,645,000 | 8,359,000 | 8,218,000 | 8,190,000 | 8,685,000 | 9,531,000 | 9,214,000 | 8,841,000 | 8,771,000 | 8,055,000 | 8,480,000 | 9,259,000 | 9,248,000 | |||||||||||||||||||
contract liabilities | 65,092,000 | 58,142,000 | 59,355,000 | 62,546,000 | 64,386,000 | 65,616,000 | 69,104,000 | 65,834,000 | 61,014,000 | 63,106,000 | 66,351,000 | 67,725,000 | 63,847,000 | 59,809,000 | 64,601,000 | 77,732,000 | 62,607,000 | 66,130,000 | 49,990,000 | 44,229,000 | 46,070,000 | 38,929,000 | 36,989,000 | 38,682,000 | 40,759,000 | 35,027,000 | 34,460,000 | |||||||||||||||
interest payable | 1,000 | 47,000 | 15,000 | 5,000 | 641,000 | 551,000 | 1,072,000 | 1,256,000 | 1,426,000 | 1,368,000 | 1,208,000 | 1,132,000 | 250,000 | 172,000 | 138,000 | 128,000 | 195,000 | 265,000 | 1,470,000 | 253,000 | 325,000 | 447,000 | 588,000 | 515,000 | 640,000 | 26,000 | 499,000 | 532,000 | 83,000 | 69,000 | 282,000 | 95,000 | 3,029,000 | 3,044,000 | 1,553,000 | 3,031,000 | 1,531,000 | 3,031,000 | 1,531,000 | 2,928,000 | 1,050,000 | |
total current liabilities | 147,204,000 | 143,283,000 | 156,930,000 | 158,249,000 | 372,683,000 | 385,309,000 | 383,313,000 | 183,547,000 | 193,385,000 | 390,939,000 | 211,970,000 | 208,762,000 | 186,243,000 | 188,783,000 | 193,457,000 | 219,490,000 | 197,008,000 | 203,561,000 | 179,700,000 | 169,552,000 | 173,772,000 | 163,170,000 | 151,866,000 | 145,347,000 | 161,678,000 | 129,733,000 | 142,595,000 | 165,316,000 | 152,505,000 | 134,598,000 | 136,902,000 | 144,211,000 | 151,909,000 | 67,054,000 | 82,134,000 | 70,048,000 | 84,696,000 | 96,057,000 | 113,292,000 | 94,177,000 | 99,414,000 | 74,391,000 |
non-current portion of credit facility | 104,193,000 | 107,665,000 | 116,643,000 | 114,414,000 | ||||||||||||||||||||||||||||||||||||||
non-current portion of subordinated credit facility | 106,879,000 | 103,466,000 | 100,135,000 | 95,588,000 | ||||||||||||||||||||||||||||||||||||||
operating lease liabilities, non-current | 29,880,000 | 31,162,000 | 30,978,000 | 29,376,000 | 29,581,000 | 28,667,000 | 28,726,000 | 30,258,000 | 31,250,000 | 34,626,000 | 41,763,000 | 43,070,000 | 42,923,000 | 44,427,000 | 44,423,000 | 48,892,000 | 43,720,000 | 39,569,000 | 45,259,000 | 22,561,000 | 25,864,000 | 26,431,000 | 27,725,000 | |||||||||||||||||||
income taxes payable, non-current | 1,621,000 | 1,842,000 | 1,867,000 | 1,818,000 | 1,866,000 | 2,516,000 | 2,495,000 | 2,294,000 | ||||||||||||||||||||||||||||||||||
deferred tax liability | 5,228,000 | 4,034,000 | 4,287,000 | 4,619,000 | 5,763,000 | 5,899,000 | 6,106,000 | 6,193,000 | 8,231,000 | 11,359,000 | 9,494,000 | 10,627,000 | 13,603,000 | 14,304,000 | 15,355,000 | 19,248,000 | 21,263,000 | 21,230,000 | 16,442,000 | 18,143,000 | 16,676,000 | 18,758,000 | 13,768,000 | 12,481,000 | 12,117,000 | 13,521,000 | 13,200,000 | 10,927,000 | 6,069,000 | 6,088,000 | 20,024,000 | 17,306,000 | 14,784,000 | 1,598,000 | 1,041,000 | 1,697,000 | 2,484,000 | 2,101,000 | 8,321,000 | 8,246,000 | 9,312,000 | |
long-term contract liabilities | 18,096,000 | 19,040,000 | 20,287,000 | 21,005,000 | 20,186,000 | 20,253,000 | 21,983,000 | 21,035,000 | 19,795,000 | 20,323,000 | 18,419,000 | 15,472,000 | 13,270,000 | 11,719,000 | 9,975,000 | 10,823,000 | 9,828,000 | 9,808,000 | 15,066,000 | 9,891,000 | 11,151,000 | 12,458,000 | 11,457,000 | 10,654,000 | 10,037,000 | 8,336,000 | 6,813,000 | |||||||||||||||
warrant and derivative liabilities | 12,664,000 | 23,017,000 | 19,921,000 | 17,849,000 | 31,564,000 | 72,746,000 | ||||||||||||||||||||||||||||||||||||
other liabilities | 4,441,000 | 4,741,000 | 4,030,000 | 3,950,000 | 3,996,000 | 4,146,000 | 51,516,000 | 12,355,000 | 1,662,000 | 1,854,000 | 1,844,000 | 3,334,000 | 5,033,000 | 5,381,000 | 6,291,000 | 8,966,000 | 14,036,000 | 14,507,000 | 16,558,000 | 19,065,000 | 16,728,000 | 17,048,000 | 17,264,000 | 18,822,000 | 20,717,000 | 3,456,000 | 3,843,000 | 4,117,000 | 4,512,000 | 5,291,000 | 5,556,000 | 2,655,000 | 3,150,000 | 3,741,000 | 5,581,000 | 6,306,000 | 6,335,000 | 6,360,000 | 2,420,000 | 2,325,000 | 2,381,000 | |
total liabilities | 430,206,000 | 438,250,000 | 455,078,000 | 446,868,000 | 465,639,000 | 519,536,000 | 494,139,000 | 426,105,000 | 414,326,000 | 461,703,000 | 445,727,000 | 438,588,000 | 428,925,000 | 416,550,000 | 402,508,000 | 425,123,000 | 396,960,000 | 492,392,000 | 483,311,000 | 458,359,000 | 405,907,000 | 398,739,000 | 393,378,000 | 352,629,000 | 378,538,000 | 330,450,000 | 360,844,000 | 339,473,000 | 336,288,000 | 332,030,000 | 350,213,000 | 351,913,000 | 394,103,000 | 275,118,000 | 292,053,000 | 281,286,000 | 296,611,000 | 308,329,000 | 329,121,000 | 310,111,000 | 316,306,000 | 185,774,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized and issued 178,181 shares at april 30, 2026 | 210,783,000 | |||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; authorized and unissued 1,821,819 shares at both april 30, 2026 and july 31, 2025, respectively | ||||||||||||||||||||||||||||||||||||||||||
common stock | 4,495,000 | 4,471,000 | 4,464,000 | 4,444,000 | 4,440,000 | 4,438,000 | 4,393,000 | 4,377,000 | 4,353,000 | 4,327,000 | 4,310,000 | 4,292,000 | 4,290,000 | 4,281,000 | 4,267,000 | 4,155,000 | 4,138,000 | 4,128,000 | 4,006,000 | 4,004,000 | 3,977,000 | 3,975,000 | 3,940,000 | 3,928,000 | 3,917,000 | 3,895,000 | 3,894,000 | 3,886,000 | 3,868,000 | 3,865,000 | 3,864,000 | 3,862,000 | 3,860,000 | 2,896,000 | 2,891,000 | 2,887,000 | 2,884,000 | 2,873,000 | 2,852,000 | 2,848,000 | 2,845,000 | 2,278,000 |
additional paid-in capital | 529,710,000 | 539,393,000 | 545,753,000 | 548,722,000 | 567,647,000 | 614,858,000 | 587,820,000 | 640,145,000 | 639,730,000 | 638,652,000 | 636,925,000 | 634,191,000 | 630,233,000 | 629,027,000 | 625,484,000 | 612,780,000 | 604,452,000 | 605,439,000 | 570,891,000 | 569,422,000 | 564,965,000 | 563,834,000 | 551,316,000 | 552,670,000 | 546,198,000 | 539,273,000 | 537,852,000 | 538,453,000 | 535,620,000 | 534,224,000 | 532,940,000 | 533,001,000 | 527,434,000 | 359,879,000 | 360,208,000 | 358,697,000 | 357,225,000 | 355,001,000 | 344,142,000 | 341,057,000 | 338,693,000 | 127,170,000 |
retained deficit | -39,862,000 | -36,409,000 | -22,774,000 | |||||||||||||||||||||||||||||||||||||||
stockholders' equity: - sum | 494,343,000 | 507,455,000 | 527,443,000 | 557,282,000 | 570,557,000 | 592,213,000 | 848,268,000 | |||||||||||||||||||||||||||||||||||
less: | ||||||||||||||||||||||||||||||||||||||||||
treasury stock | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -441,849,000 | -339,177,000 | -309,864,000 | -277,547,000 | -202,955,000 | -121,803,000 | -185,000 | -185,000 | -185,000 | -185,000 |
total stockholders’ equity | 52,494,000 | 65,606,000 | 85,594,000 | 104,422,000 | 115,433,000 | 128,708,000 | 150,364,000 | 306,253,000 | 406,419,000 | 436,806,000 | 438,299,000 | 440,854,000 | 446,096,000 | 454,361,000 | 466,585,000 | 467,864,000 | 485,794,000 | 500,719,000 | 463,284,000 | 460,152,000 | 545,825,000 | 551,203,000 | 537,644,000 | 535,082,000 | 524,949,000 | 512,877,000 | 506,096,000 | 505,684,000 | 497,784,000 | 490,621,000 | 476,019,000 | 480,150,000 | 469,655,000 | 430,476,000 | 454,307,000 | 484,114,000 | 556,762,000 | 629,180,000 | 684,789,000 | 659,904,000 | 641,204,000 | 196,629,000 |
total liabilities, convertible preferred stock and stockholders’ equity | 693,483,000 | 703,829,000 | 734,120,000 | 740,835,000 | 751,144,000 | 770,561,000 | 793,203,000 | 912,434,000 | 990,999,000 | 1,012,543,000 | 996,237,000 | 989,859,000 | 983,672,000 | 977,825,000 | 974,297,000 | 994,854,000 | 982,989,000 | |||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized and issued 178,181 shares at january 31, 2026 | 199,973,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; authorized and unissued 1,821,819 shares at both january 31, 2026 and july 31, 2025, respectively | ||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized and issued 178,181 shares at october 31, 2025 | 193,448,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; authorized and unissued 1,821,819 shares at both october 31, 2025 and july 31, 2025, respectively | ||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized and issued 178,181 shares at july 31, 2025 | 189,545,000 | |||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; authorized and unissued 1,821,819 and 1,828,173 shares at july 31, 2025 and 2024, respectively | ||||||||||||||||||||||||||||||||||||||||||
retained (deficit) earnings | -6,895,000 | -14,805,000 | -48,739,000 | |||||||||||||||||||||||||||||||||||||||
stockholders’ equity: - sum | 546,271,000 | 748,102,000 | 878,655,000 | 880,148,000 | 882,703,000 | 887,945,000 | 896,210,000 | 908,434,000 | 909,713,000 | 927,643,000 | 942,568,000 | 905,133,000 | 902,001,000 | 987,674,000 | 993,052,000 | 979,493,000 | 976,931,000 | 966,798,000 | 954,726,000 | 947,945,000 | 947,533,000 | 939,633,000 | 932,470,000 | 917,868,000 | 921,999,000 | 911,504,000 | 769,653,000 | 764,171,000 | 761,661,000 | 759,717,000 | 750,983,000 | 684,974,000 | 660,089,000 | 641,389,000 | 196,814,000 | |||||||
current portion of subordinated credit facility | 65,471,000 | 28,729,000 | 23,735,000 | |||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized and issued 178,181 shares at april 30, 2025 | 170,072,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; authorized and unissued 1,821,819 and 1,828,173 shares at april 30, 2025 and july 31, 2024, respectively | ||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized and issued 175,264 shares at january 31, 2025 | 122,317,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; authorized and unissued 1,824,736 and 1,828,173 shares at january 31, 2025 and july 31, 2024, respectively | ||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized and issued 175,264 shares at october 31, 2024 | 148,700,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; authorized and unissued 1,824,736 and 1,828,173 shares at october 31, 2024 and july 31, 2024, respectively | ||||||||||||||||||||||||||||||||||||||||||
retained earnings | 103,580,000 | 204,185,000 | 235,676,000 | 238,913,000 | 244,220,000 | 253,422,000 | 262,902,000 | 278,683,000 | 292,778,000 | 319,053,000 | 333,001,000 | 330,236,000 | 328,575,000 | 418,732,000 | 425,243,000 | 424,237,000 | 420,333,000 | 416,683,000 | 411,558,000 | 406,199,000 | 405,194,000 | 400,145,000 | 394,381,000 | 381,064,000 | 385,136,000 | 380,210,000 | 406,878,000 | 401,072,000 | 400,077,000 | 399,608,000 | 393,109,000 | 337,980,000 | 316,184,000 | 299,851,000 | 67,366,000 | |||||||
current portion of long-term debt | 4,050,000 | 3,712,000 | 183,503,000 | 4,375,000 | 3,750,000 | 3,125,000 | 17,211,000 | 17,211,000 | 17,211,000 | 16,135,000 | 15,494,000 | 14,387,000 | ||||||||||||||||||||||||||||||
non-current portion of long-term debt | 170,486,000 | 157,709,000 | 160,029,000 | 155,254,000 | 164,385,000 | 148,700,000 | 130,000,000 | 114,500,000 | 108,000,000 | 201,000,000 | 208,000,000 | 217,000,000 | 159,400,000 | 158,000,000 | 169,000,000 | 165,000,000 | 173,500,000 | 174,500,000 | 193,400,000 | 148,087,000 | 161,856,000 | 174,225,000 | 175,193,000 | 176,228,000 | 211,509,000 | |||||||||||||||||
income taxes payable | 2,231,000 | 2,602,000 | 2,208,000 | 2,069,000 | 3,468,000 | 3,236,000 | 3,007,000 | 3,204,000 | 3,105,000 | 2,717,000 | 2,286,000 | 2,147,000 | 2,316,000 | 2,874,000 | 2,298,000 | 325,000 | 54,000 | 414,000 | 407,000 | 2,572,000 | 2,592,000 | 2,558,000 | 2,550,000 | 2,515,000 | 2,502,000 | 13,000 | 3,297,000 | 3,235,000 | 4,422,000 | 4,056,000 | 8,296,000 | 6,290,000 | 5,722,000 | 1,540,000 | ||||||||
convertible preferred stock, par value 0.10 per share; authorized and issued 171,827 shares at july 31, 2024 | 180,076,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; authorized and unissued 1,828,173 and 1,875,000 shares at july 31, 2024 and 2023, respectively | ||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized and issued 166,121 shares at april 30, 2024 | 170,254,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; authorized and unissued 1,833,879 and 1,875,000 shares at april 30, 2024 and july 31, 2023, respectively | ||||||||||||||||||||||||||||||||||||||||||
assets of disposal group held for sale | 44,894,000 | |||||||||||||||||||||||||||||||||||||||||
liabilities of disposal group held for sale | 10,557,000 | |||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized 125,000 shares; issued 100,000 at october 31, 2023 and july 31, 2023 | 114,034,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; authorized and unissued 1,875,000 shares | ||||||||||||||||||||||||||||||||||||||||||
dividends payable | 2,775,000 | 2,774,000 | 2,746,000 | 2,640,000 | 2,629,000 | 2,601,000 | 2,495,000 | 2,466,000 | 2,432,000 | 2,428,000 | 2,406,000 | 2,405,000 | 2,382,000 | 2,381,000 | 2,356,000 | 2,354,000 | 2,351,000 | 2,351,000 | 2,343,000 | 2,342,000 | 4,784,000 | 5,071,000 | 5,352,000 | 6,102,000 | 6,100,000 | |||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized 125,000 shares; issued 100,000 at july 31, 2023 and 2022 | 112,211,000 | |||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized 125,000 shares; issued 100,000 at april 30, 2023 and july 31, 2022 | 110,417,000 | |||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized 125,000 shares; issued 100,000 at january 31, 2023 and july 31, 2022 | 108,651,000 | |||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized 125,000 shares; issued 100,000 at october 31, 2022 and july 31, 2022 | 106,914,000 | |||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized 125,000 shares; issued 100,000 at july 31, 2022 | 105,204,000 | |||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized 125,000 shares; issued 100,000 at january 31, 2022 | 101,867,000 | |||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value 0.10 per share; authorized 125,000 shares; issued 100,000 at october 31, 2021 | 100,235,000 | |||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||
preferred stock, par value 0.10 per share; shares authorized and unissued 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 993,111,000 | 946,595,000 | 918,511,000 | 951,732,000 | 949,942,000 | 931,022,000 | 887,711,000 | 903,487,000 | 843,327,000 | 866,940,000 | 845,157,000 | 834,072,000 | 822,651,000 | 826,232,000 | 832,063,000 | 863,758,000 | 705,594,000 | 746,360,000 | 765,400,000 | 853,373,000 | 937,509,000 | 1,013,910,000 | 970,015,000 | 957,510,000 | 382,403,000 | |||||||||||||||||
assets | ||||||||||||||||||||||||||||||||||||||||||
finance lease and other obligations, current | 464,000 | 567,000 | ||||||||||||||||||||||||||||||||||||||||
finance lease right-of-use assets | 447,000 | |||||||||||||||||||||||||||||||||||||||||
current portion of capital lease and other obligations | 757,000 | 1,030,000 | 1,284,000 | 1,579,000 | 1,836,000 | 2,540,000 | ||||||||||||||||||||||||||||||||||||
non-current portion of capital lease and other obligations | 435,000 | 490,000 | 586,000 | 765,000 | 993,000 | |||||||||||||||||||||||||||||||||||||
preferred stock, par value .10 per share; shares authorized and unissued 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||
customer advances and deposits | 34,452,000 | 24,848,000 | 22,668,000 | 25,771,000 | 31,326,000 | 11,930,000 | 17,151,000 | 8,048,000 | 8,937,000 | 11,011,000 | 10,951,000 | 11,186,000 | 16,710,000 | 5,282,000 | ||||||||||||||||||||||||||||
customer advances and deposits, non-current | 7,689,000 | 8,385,000 | 8,695,000 | 7,227,000 | 8,064,000 | |||||||||||||||||||||||||||||||||||||
customer advances and other | 33,485,000 | |||||||||||||||||||||||||||||||||||||||||
customer advances and other, non-current | 7,761,000 | |||||||||||||||||||||||||||||||||||||||||
current portion of capital lease obligations | 1,858,000 | 2,064,000 | 2,309,000 | 2,689,000 | ||||||||||||||||||||||||||||||||||||||
non-current portion of capital lease obligations | 885,000 | 1,293,000 | 1,771,000 | 2,185,000 | ||||||||||||||||||||||||||||||||||||||
deferred tax asset | 10,269,000 | 12,983,000 | 11,892,000 | 11,367,000 | 11,529,000 | 13,919,000 | 14,073,000 | 15,053,000 | ||||||||||||||||||||||||||||||||||
deferred tax asset, net, non-current | ||||||||||||||||||||||||||||||||||||||||||
convertible senior notes | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 105,000,000 | |||||||||||||||||||||||||||||||||
restricted cash | 1,034,000 | |||||||||||||||||||||||||||||||||||||||||
deferred tax asset - current | 8,092,000 | |||||||||||||||||||||||||||||||||||||||||
intangibles with definite lives | 9,123,000 | |||||||||||||||||||||||||||||||||||||||||
deferred service revenue | 8,210,000 | |||||||||||||||||||||||||||||||||||||||||
current installments of other obligations | 235,000 | |||||||||||||||||||||||||||||||||||||||||
other obligations, less current installments | 396,000 | |||||||||||||||||||||||||||||||||||||||||
deferred tax liability – non-current | 5,987,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-01-31 | 2021-10-31 | 2020-10-31 | 2020-04-30 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2012-10-31 | 2012-04-30 | 2012-01-31 | 2011-10-31 | 2011-07-31 | 2010-04-30 | 2010-01-31 | 2009-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||
net loss | -3,453,000 | -13,635,000 | -15,879,000 | 7,910,000 | 33,934,000 | -48,739,000 | -148,407,000 | -90,785,000 | -1,437,000 | -3,540,000 | -7,458,000 | -4,805,000 | -11,096,000 | -21,874,000 | -5,984,000 | -1,660,000 | |||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||
depreciation and amortization of property, plant and equipment | 3,129,000 | 2,965,000 | 3,000,000 | 3,398,000 | 2,726,000 | 2,779,000 | 2,895,000 | 3,086,000 | 3,022,000 | 3,176,000 | 2,981,000 | 2,967,000 | 2,798,000 | 2,334,000 | 2,241,000 | 2,552,000 | 2,650,000 | 3,822,000 | 3,170,000 | 3,317,000 | 3,346,000 | 2,025,000 | 2,438,000 | 2,361,000 | 2,420,000 | 5,473,000 | 2,960,000 | 2,918,000 | 2,902,000 |
amortization of intangible assets | 4,597,000 | 5,043,000 | 5,044,000 | ||||||||||||||||||||||||||
amortization of stock-based compensation | 1,181,000 | 412,000 | 1,127,000 | 600,000 | 1,195,000 | 1,170,000 | 155,000 | 858,000 | 2,645,000 | 3,809,000 | 4,126,000 | 1,268,000 | 904,000 | 1,983,000 | 921,000 | 699,000 | 981,000 | 5,638,000 | 1,104,000 | 1,080,000 | 747,000 | 745,000 | 809,000 | 1,036,000 | 873,000 | -401,000 | 2,332,000 | 1,650,000 | 1,776,000 |
amortization of cost to fulfill assets | 0 | 0 | 0 | 261,000 | 240,000 | 240,000 | 239,000 | 240,000 | 240,000 | 240,000 | |||||||||||||||||||
paid-in-kind interest under term loan | 0 | 0 | 3,446,000 | 2,082,000 | |||||||||||||||||||||||||
amortization of deferred financing costs, debt discount and accreted interest related to subordinated credit facility | 5,849,000 | 5,204,000 | 5,192,000 | ||||||||||||||||||||||||||
amortization of deferred financing costs and debt discount related to credit facility | 1,390,000 | 1,347,000 | 1,371,000 | 1,472,000 | |||||||||||||||||||||||||
write-off of deferred financing costs and debt discount | |||||||||||||||||||||||||||||
change in fair value of warrants and derivatives | -12,479,000 | 1,366,000 | 1,350,000 | -23,048,000 | -49,542,000 | 28,568,000 | 5,524,000 | ||||||||||||||||||||||
loss on disposal of property, plant and equipment | 0 | 11,000 | 872,000 | 6,000 | 0 | -30,000 | 7,000 | 71,000 | -14,000 | 2,000 | 2,000 | 9,000 | 5,000 | -80,000 | 1,000 | -2,000 | 88,000 | ||||||||||||
provision for allowance for doubtful accounts and contract assets | -393,000 | -87,000 | -455,000 | -108,000 | -145,000 | 418,000 | 17,443,000 | ||||||||||||||||||||||
provision for excess and obsolete inventory | 558,000 | 858,000 | 137,000 | 1,717,000 | 951,000 | 988,000 | 12,546,000 | 558,000 | 78,000 | 2,118,000 | 1,477,000 | 429,000 | 847,000 | 1,066,000 | 1,175,000 | 1,003,000 | 306,000 | 1,969,000 | 1,226,000 | 1,740,000 | 693,000 | 671,000 | 560,000 | 1,051,000 | 565,000 | -2,142,000 | 4,607,000 | 1,063,000 | 563,000 |
deferred income tax expense | -327,000 | -166,000 | 1,114,000 | -1,217,000 | 175,000 | 816,000 | -1,538,000 | 4,858,000 | -19,000 | -13,936,000 | 2,718,000 | 1,058,000 | -1,890,000 | -1,477,000 | -476,000 | -1,078,000 | |||||||||||||
impairment of long-lived assets, including goodwill | 0 | 0 | 0 | 79,555,000 | |||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||
accounts receivable | 469,000 | 12,491,000 | 5,017,000 | 6,743,000 | 15,870,000 | 13,249,000 | -2,712,000 | 3,763,000 | -26,269,000 | -18,639,000 | -9,306,000 | -6,446,000 | -5,318,000 | -2,113,000 | 21,450,000 | -5,784,000 | 10,349,000 | -20,792,000 | -9,587,000 | -4,918,000 | 10,719,000 | 9,104,000 | -12,143,000 | 13,565,000 | -3,616,000 | 93,172,000 | -6,957,000 | -8,642,000 | -12,778,000 |
inventories | 3,619,000 | 982,000 | 973,000 | 6,748,000 | 2,759,000 | -585,000 | -1,214,000 | 2,426,000 | 2,656,000 | -502,000 | -8,658,000 | -1,447,000 | -4,278,000 | -3,644,000 | -8,513,000 | -101,000 | -5,787,000 | -455,000 | -6,073,000 | -3,256,000 | -10,281,000 | 3,042,000 | -2,017,000 | -1,627,000 | -3,380,000 | -17,353,000 | 10,736,000 | 3,022,000 | -1,629,000 |
prepaid expenses and other current assets | -4,191,000 | -23,000 | 948,000 | -609,000 | -707,000 | 1,150,000 | -995,000 | 2,686,000 | 997,000 | -170,000 | 45,000 | 200,000 | 1,581,000 | -905,000 | 1,507,000 | -5,247,000 | -2,031,000 | 65,000 | -1,023,000 | 31,000 | 1,714,000 | 198,000 | -93,000 | -662,000 | 407,000 | -2,310,000 | -2,312,000 | 2,895,000 | 3,333,000 |
other assets | -314,000 | 277,000 | 9,000 | -465,000 | -357,000 | -156,000 | -1,096,000 | -1,876,000 | 2,802,000 | 191,000 | -228,000 | -2,605,000 | -714,000 | -228,000 | -537,000 | 45,000 | 177,000 | 65,000 | 52,000 | -57,000 | -200,000 | -40,000 | -12,000 | -5,000 | -18,000 | 1,452,000 | 13,000 | -635,000 | -93,000 |
accounts payable | -596,000 | -2,521,000 | -543,000 | -1,264,000 | -15,316,000 | -324,000 | 1,710,000 | -11,614,000 | 5,100,000 | 2,163,000 | 25,138,000 | -5,384,000 | -1,555,000 | 1,852,000 | -6,353,000 | 1,133,000 | 4,478,000 | 13,418,000 | 2,569,000 | -2,869,000 | 610,000 | -6,757,000 | -305,000 | 37,000 | -4,870,000 | -78,908,000 | 10,167,000 | 9,423,000 | 4,975,000 |
accrued expenses and other current liabilities | -467,000 | -7,758,000 | 4,309,000 | -3,721,000 | 3,071,000 | -3,427,000 | -4,887,000 | -1,362,000 | -6,538,000 | 1,468,000 | -104,000 | -5,949,000 | 5,256,000 | 6,214,000 | 814,000 | 7,031,000 | -3,496,000 | -3,422,000 | 5,194,000 | -2,767,000 | -2,379,000 | -7,273,000 | 1,992,000 | -2,537,000 | -6,466,000 | -493,000 | 5,692,000 | -8,721,000 | -1,344,000 |
contract liabilities | 6,006,000 | -2,460,000 | -3,909,000 | -1,021,000 | -1,297,000 | -5,218,000 | 4,218,000 | 6,060,000 | -685,000 | 1,573,000 | 6,080,000 | 5,589,000 | -3,048,000 | 16,120,000 | -3,503,000 | 4,274,000 | -1,056,000 | ||||||||||||
other liabilities, non-current | -296,000 | 711,000 | 85,000 | -46,000 | -151,000 | 80,000 | 105,000 | -27,000 | 145,000 | -466,000 | -323,000 | 526,000 | -61,000 | -3,441,000 | -2,000 | 2,358,000 | 271,000 | -12,000 | -428,000 | 71,000 | -313,000 | ||||||||
interest payable | -46,000 | 47,000 | -15,000 | 10,000 | -636,000 | 90,000 | -521,000 | -184,000 | 58,000 | 160,000 | 76,000 | 883,000 | 78,000 | 10,000 | -66,000 | 1,307,000 | -62,000 | -16,000 | 449,000 | 14,000 | -213,000 | 1,500,000 | 1,491,000 | -1,478,000 | 1,500,000 | 1,500,000 | -1,397,000 | 1,510,000 | |
income taxes payable | 298,000 | -95,000 | 647,000 | 1,109,000 | -2,724,000 | -1,237,000 | 2,472,000 | -150,000 | -3,472,000 | 712,000 | 503,000 | -332,000 | 790,000 | -1,907,000 | -2,605,000 | -3,077,000 | 1,095,000 | 255,000 | 2,853,000 | 364,000 | -3,346,000 | 2,462,000 | -1,315,000 | -5,461,000 | -474,000 | -14,885,000 | 1,752,000 | 846,000 | 6,215,000 |
net cash from operating activities | 6,108,000 | 4,870,000 | 8,076,000 | 11,447,000 | 2,301,000 | -234,000 | -21,806,000 | -9,497,000 | -14,545,000 | -4,256,000 | 16,609,000 | -10,589,000 | -6,197,000 | 4,772,000 | 4,779,000 | -74,229,000 | 7,740,000 | 19,728,000 | 21,439,000 | 2,691,000 | 6,486,000 | 11,878,000 | 6,045,000 | 11,972,000 | -772,000 | 14,852,000 | 54,545,000 | 14,942,000 | 13,021,000 |
capital expenditures | -5,435,000 | -4,428,000 | -3,256,000 | -2,036,000 | -2,461,000 | -1,653,000 | -2,415,000 | -4,179,000 | -3,216,000 | -3,438,000 | -4,955,000 | -2,697,000 | -7,221,000 | -5,173,000 | -3,638,000 | -890,000 | -1,912,000 | -3,343,000 | -2,463,000 | -1,728,000 | -1,108,000 | -1,063,000 | -1,807,000 | -1,217,000 | -1,443,000 | -2,936,000 | -1,162,000 | -1,820,000 | -1,220,000 |
free cash flows | 673,000 | 442,000 | 4,820,000 | 9,411,000 | -160,000 | -1,887,000 | -24,221,000 | -13,676,000 | -17,761,000 | -7,694,000 | 11,654,000 | -13,286,000 | -13,418,000 | -401,000 | 1,141,000 | -75,119,000 | 5,828,000 | 16,385,000 | 18,976,000 | 963,000 | 5,378,000 | 10,815,000 | 4,238,000 | 10,755,000 | -2,215,000 | 11,916,000 | 53,383,000 | 13,122,000 | 11,801,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||
proceeds from sale of indefinite lived intangible asset | |||||||||||||||||||||||||||||
purchases of property, plant and equipment | -5,435,000 | -4,428,000 | -3,256,000 | -2,036,000 | -2,461,000 | -1,653,000 | -2,415,000 | -4,179,000 | -3,216,000 | -3,438,000 | -4,955,000 | -2,697,000 | -7,221,000 | -5,173,000 | -3,638,000 | -890,000 | -1,912,000 | -3,343,000 | -2,463,000 | -1,728,000 | -1,108,000 | -1,063,000 | -1,807,000 | -1,217,000 | -1,443,000 | -2,936,000 | -1,162,000 | -1,820,000 | -1,220,000 |
net cash from investing activities | -5,422,000 | -4,428,000 | -3,256,000 | -2,036,000 | -2,461,000 | -1,653,000 | -2,415,000 | -4,179,000 | -3,216,000 | -3,438,000 | -4,955,000 | -2,697,000 | -7,221,000 | -5,173,000 | -3,638,000 | -890,000 | -2,693,000 | -3,343,000 | -2,463,000 | -1,728,000 | -1,108,000 | -1,063,000 | -1,807,000 | -1,217,000 | -1,443,000 | -7,761,000 | -1,162,000 | -1,583,000 | 468,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||
proceeds from subordinated credit facility | 35,000,000 | 40,000,000 | 0 | 25,000,000 | |||||||||||||||||||||||||
payments under revolving loan | -4,000,000 | ||||||||||||||||||||||||||||
repayment of term loan | -1,013,000 | -1,012,000 | -1,013,000 | -29,494,000 | |||||||||||||||||||||||||
proceeds from issuance of employee stock purchase plan shares | 31,000 | 24,000 | 22,000 | 17,000 | 18,000 | 45,000 | 38,000 | 35,000 | 94,000 | 100,000 | 127,000 | 124,000 | 119,000 | 225,000 | 229,000 | 182,000 | 180,000 | 236,000 | 222,000 | 208,000 | 189,000 | 248,000 | 269,000 | 269,000 | 287,000 | 147,000 | 314,000 | 343,000 | 336,000 |
payment of deferred financing costs | -401,000 | -2,757,000 | -7,114,000 | -308,000 | -18,000 | -175,000 | 0 | -140,000 | |||||||||||||||||||||
remittance of employees’ statutory tax withholding for stock awards | -15,000 | -259,000 | -189,000 | -5,000 | -515,000 | -666,000 | -1,682,000 | ||||||||||||||||||||||
payment of shelf registration costs | 0 | -37,000 | -76,000 | -94,000 | 0 | 0 | 0 | -101,000 | |||||||||||||||||||||
cash dividends paid on common stock | -4,000 | -4,000 | -24,000 | -1,000 | 0 | -118,000 | -39,000 | -1,000 | -111,000 | -3,000 | -2,788,000 | -2,778,000 | -3,092,000 | -2,839,000 | -2,916,000 | ||||||||||||||
payment of convertible preferred stock amendment fees | |||||||||||||||||||||||||||||
payment of convertible preferred stock issuance costs | 0 | -26,000 | -50,000 | -77,000 | -3,477,000 | -530,000 | |||||||||||||||||||||||
net cash from financing activities | -5,013,000 | -11,251,000 | -1,204,000 | 2,174,000 | 1,928,000 | -1,091,000 | 21,432,000 | 18,917,000 | 16,968,000 | 5,251,000 | -11,754,000 | 13,262,000 | 13,292,000 | 402,000 | -1,085,000 | 59,709,000 | -884,000 | -17,074,000 | -15,275,000 | -2,998,000 | -4,715,000 | -4,203,000 | -36,805,000 | -84,861,000 | -82,267,000 | -138,708,000 | 739,000 | 741,000 | 1,116,000 |
net decrease in cash and cash equivalents | -4,327,000 | -2,789,000 | -845,000 | -32,567,000 | -74,106,000 | -84,482,000 | |||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 40,019,000 | 0 | 0 | 32,433,000 | 18,961,000 | 0 | 0 | 21,654,000 | 0 | 30,861,000 | 47,878,000 | 0 | 0 | 0 | 41,844,000 | 367,894,000 | 0 | 0 | 558,804,000 | 122,144,000 | 0 | 0 | 485,450,000 | ||||
cash and cash equivalents at end of period | -4,327,000 | -10,809,000 | 43,635,000 | 1,768,000 | -2,978,000 | 29,644,000 | 18,116,000 | -100,000 | -24,000 | 21,528,000 | 1,000 | 30,917,000 | 32,468,000 | 4,163,000 | 3,701,000 | -2,035,000 | 42,507,000 | 374,506,000 | -32,567,000 | -74,106,000 | 474,322,000 | -9,473,000 | 54,122,000 | 14,100,000 | 500,055,000 | ||||
see accompanying notes to condensed consolidated financial statements. | |||||||||||||||||||||||||||||
deferred income tax benefit | -254,000 | -332,000 | -1,116,000 | -1,977,000 | -1,134,000 | -2,892,000 | 229,000 | ||||||||||||||||||||||
changes in assets and liabilities, net of effects of divestitures: | |||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of divestiture: | |||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 3,616,000 | 11,585,000 | 1,768,000 | 5,241,000 | -100,000 | -24,000 | -126,000 | 1,000 | 56,000 | -15,410,000 | 4,163,000 | -689,000 | 663,000 | 6,612,000 | -131,617,000 | 54,122,000 | 14,100,000 | 14,605,000 | |||||||||||
amortization of intangible assets with finite lives | 5,043,000 | 5,044,000 | 5,043,000 | 6,593,000 | 5,288,000 | 5,289,000 | 5,349,000 | 5,349,000 | 5,349,000 | 5,349,000 | 5,349,000 | 5,349,000 | 5,566,000 | 5,517,000 | 5,269,000 | 5,269,000 | 5,268,000 | 5,269,000 | 1,582,000 | 1,626,000 | 1,692,000 | 1,719,000 | 2,808,000 | 1,754,000 | 1,765,000 | 1,764,000 | |||
write-off of deferred financing costs and debt discounts | |||||||||||||||||||||||||||||
ceo transition costs related to equity-classified stock-based awards | 0 | 0 | 0 | 3,764,000 | |||||||||||||||||||||||||
change in fair value of convertible preferred stock purchase option liability | -398,000 | -304,000 | |||||||||||||||||||||||||||
loss on business divestiture | |||||||||||||||||||||||||||||
changes in other liabilities | -1,010,000 | -1,033,000 | -1,033,000 | -1,033,000 | -1,034,000 | -1,033,000 | -1,033,000 | -1,033,000 | -1,033,000 | ||||||||||||||||||||
proceeds from business divestiture | 0 | ||||||||||||||||||||||||||||
contribution for constructing long-lived assets | |||||||||||||||||||||||||||||
proceeds from term loan | |||||||||||||||||||||||||||||
net (payments) borrowings under revolving loans | |||||||||||||||||||||||||||||
payment of deferred financing costs and debt discount | -325,000 | ||||||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock | 0 | 0 | 100,000,000 | ||||||||||||||||||||||||||
payment of convertible preferred stock issuance costs and fees | |||||||||||||||||||||||||||||
remittance of employees' statutory tax withholding for stock awards | -103,000 | -293,000 | -141,000 | -2,332,000 | -1,000 | -4,723,000 | -2,737,000 | ||||||||||||||||||||||
repayment of principal amounts under finance lease and other obligations | -3,000 | ||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | |||||||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||
supplemental cash flow disclosure | |||||||||||||||||||||||||||||
cash paid during the year for: | |||||||||||||||||||||||||||||
interest | |||||||||||||||||||||||||||||
income taxes | |||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||
adjustment to reflect redemption value of convertible preferred stock | |||||||||||||||||||||||||||||
term loan amendment fees paid-in-kind | |||||||||||||||||||||||||||||
accrued term loan amendment fee | |||||||||||||||||||||||||||||
accrued additions to property, plant and equipment | |||||||||||||||||||||||||||||
issuance of restricted stock | |||||||||||||||||||||||||||||
accrued remittance of employees' statutory tax withholdings for fully-vested share units | |||||||||||||||||||||||||||||
cash dividends declared on common stock but unpaid, including (reversal) accrual of dividend equivalents | |||||||||||||||||||||||||||||
accrued deferred financing costs | |||||||||||||||||||||||||||||
accrued shelf registration costs | |||||||||||||||||||||||||||||
unpaid convertible preferred stock issuance costs | |||||||||||||||||||||||||||||
amortization of deferred financing costs, debt discount and accreted interest related to amended subordinated credit facility | |||||||||||||||||||||||||||||
gain on business divestiture | |||||||||||||||||||||||||||||
net (payments) borrowings under revolving loan | |||||||||||||||||||||||||||||
accretion of interest on subordinated credit facility | 1,315,000 | 248,000 | |||||||||||||||||||||||||||
amortization of deferred financing costs | 1,184,000 | 973,000 | 1,291,000 | 594,000 | 595,000 | 593,000 | 461,000 | 203,000 | 202,000 | 203,000 | 184,000 | 184,000 | 550,000 | 548,000 | 550,000 | 548,000 | |||||||||||||
write-off of deferred financing costs | 0 | 1,412,000 | |||||||||||||||||||||||||||
net borrowings under revolving loan | |||||||||||||||||||||||||||||
net decrease in cash and cash equivalents, including cash classified within assets of disposal group held for sale | -2,789,000 | -793,000 | |||||||||||||||||||||||||||
less: net increase in cash classified within assets of disposal group held for sale | -52,000 | ||||||||||||||||||||||||||||
provision for allowance for doubtful accounts | 288,000 | 143,000 | -325,000 | 33,000 | 311,000 | 242,000 | 168,000 | -156,000 | 110,000 | 262,000 | 161,000 | -165,000 | 430,000 | 147,000 | 211,000 | 36,000 | 5,000 | -55,000 | 85,000 | 90,000 | |||||||||
proceeds from term loan facilities | |||||||||||||||||||||||||||||
repayment of term loan facilities | |||||||||||||||||||||||||||||
common stock issued for acquisitions | |||||||||||||||||||||||||||||
establishment of initial convertible preferred stock purchase option liability | |||||||||||||||||||||||||||||
change in fair value of warrants | |||||||||||||||||||||||||||||
net borrowings of long-term debt under revolving loan facility | 19,600,000 | ||||||||||||||||||||||||||||
repayment of debt under term loan | -625,000 | -625,000 | -625,000 | ||||||||||||||||||||||||||
repayment of principal amounts under finance lease liabilities | 0 | -2,000 | -2,000 | -6,000 | -5,000 | ||||||||||||||||||||||||
changes in assets and liabilities, net of effects of acquisitions and divestitures: | |||||||||||||||||||||||||||||
other | -225,000 | ||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of business acquisitions: | |||||||||||||||||||||||||||||
net cash acquired from acquisition of uhp | |||||||||||||||||||||||||||||
payment for acquisition of cgc, net of cash acquired | 0 | ||||||||||||||||||||||||||||
net borrowings (payments) of long-term debt under revolving loan facility | 5,900,000 | -8,000,000 | |||||||||||||||||||||||||||
cash dividends declared on common stock but unpaid | |||||||||||||||||||||||||||||
fair value of uhp acquisition contingent earn-out consideration | |||||||||||||||||||||||||||||
net borrowings (payments) of long-term debt under credit facility | 18,700,000 | ||||||||||||||||||||||||||||
net (payments) borrowings of long-term debt under credit facility | 6,500,000 | -93,000,000 | 1,400,000 | ||||||||||||||||||||||||||
net income | -85,840,000 | -3,989,000 | 7,458,000 | 8,210,000 | 7,435,000 | 6,066,000 | 5,821,000 | 12,601,000 | 20,734,000 | 21,796,000 | 16,333,000 | 9,032,000 | |||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||
estimated contract settlement costs | 476,000 | ||||||||||||||||||||||||||||
settlement of intellectual property litigation | |||||||||||||||||||||||||||||
payment for acquisition of solacom, net of cash acquired | |||||||||||||||||||||||||||||
payment for acquisition of the gd ng-911 business | |||||||||||||||||||||||||||||
payment for acquisition of ng-911 inc. | |||||||||||||||||||||||||||||
net payments under revolving loan portion of prior credit facility | |||||||||||||||||||||||||||||
repayment of debt under term loan portion of prior credit facility | |||||||||||||||||||||||||||||
cash dividends paid | -5,236,000 | -2,433,000 | -2,365,000 | -2,352,000 | -2,362,000 | -2,459,000 | -4,773,000 | -5,352,000 | -6,102,000 | -6,100,000 | |||||||||||||||||||
proceeds from exercises of stock options | 0 | 196,000 | 323,000 | 540,000 | 346,000 | 2,241,000 | 1,361,000 | 404,000 | 299,000 | 774,000 | |||||||||||||||||||
reclass of finance lease right-of-use assets to property, plant and equipment | |||||||||||||||||||||||||||||
cash dividends declared but unpaid | |||||||||||||||||||||||||||||
accruals related to acquisitions | |||||||||||||||||||||||||||||
net borrowings of long-term debt under credit facility | 67,500,000 | ||||||||||||||||||||||||||||
see accompanying notes to condensed consolidated financial statements | |||||||||||||||||||||||||||||
change in other liabilities | -1,033,000 | ||||||||||||||||||||||||||||
remittance of employees' statutory tax withholdings for stock awards | -28,000 | -88,000 | -57,000 | -3,000 | -995,000 | ||||||||||||||||||||||||
excess income tax benefit from stock-based award exercises | -60,000 | ||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of business acquisition: | |||||||||||||||||||||||||||||
payment for acquisition of solacom technologies inc., net of cash acquired | |||||||||||||||||||||||||||||
repayment of principal amounts under capital lease and other obligations | -949,000 | ||||||||||||||||||||||||||||
payment of shelf registration costs and equity issuance costs | |||||||||||||||||||||||||||||
comtech telecommunications corp.and subsidiariesconsolidated statements of cash flows (continued)fiscal years ended july 31, 2019, 2018 and 2017 | |||||||||||||||||||||||||||||
capital lease and other obligations incurred | |||||||||||||||||||||||||||||
issuance (forfeiture) of restricted stock | |||||||||||||||||||||||||||||
common stock issued for acquisition of solacom technologies inc. | |||||||||||||||||||||||||||||
net (payments) borrowings under revolving loan portion of prior credit facility | |||||||||||||||||||||||||||||
change in fair value of contingent liability | |||||||||||||||||||||||||||||
customer advances and deposits | 1,870,000 | -1,635,000 | -2,586,000 | 9,103,000 | -889,000 | -2,074,000 | 6,586,000 | -235,000 | -5,524,000 | -2,754,000 | |||||||||||||||||||
payments for business acquisition, net of cash acquired | |||||||||||||||||||||||||||||
repayment of long-term debt under term loan facility | -4,303,000 | -4,303,000 | -3,227,000 | -7,127,000 | |||||||||||||||||||||||||
net (payments) borrowings under revolving loan facility | |||||||||||||||||||||||||||||
payment of issuance costs related to equity offering | |||||||||||||||||||||||||||||
borrowings of long-term debt under term loan facility | |||||||||||||||||||||||||||||
proceeds received from equity offering | |||||||||||||||||||||||||||||
required payments for debt assumed for business acquisition | |||||||||||||||||||||||||||||
comtech telecommunications corp.and subsidiariesconsolidated statements of cash flows (continued)fiscal years ended july 31, 2018, 2017 and 2016 | |||||||||||||||||||||||||||||
accrued fixed asset additions | |||||||||||||||||||||||||||||
(forfeiture) issuance of restricted stock | |||||||||||||||||||||||||||||
accrued issuance costs related to equity offering | |||||||||||||||||||||||||||||
excess income tax benefit from stock-based awards | |||||||||||||||||||||||||||||
customer advances and other | |||||||||||||||||||||||||||||
net borrowings (repayments) under revolving loan facility | -8,399,000 | ||||||||||||||||||||||||||||
gain on disposal of property, plant and equipment | |||||||||||||||||||||||||||||
repayment of principal amounts under capital lease obligations | -614,000 | -723,000 | |||||||||||||||||||||||||||
net borrowings under revolving loan facility | 6,400,000 | ||||||||||||||||||||||||||||
borrowing of long-term debt under term loan facility | |||||||||||||||||||||||||||||
deferred financing costs | 352,000 | 378,000 | 380,000 | 366,000 | 352,000 | 346,000 | 347,000 | 346,000 | |||||||||||||||||||||
change in fair value of contingent earn-out liability | -2,378,000 | ||||||||||||||||||||||||||||
other liabilities | 518,000 | 220,000 | 221,000 | 225,000 | 652,000 | 95,000 | -56,000 | 98,000 | |||||||||||||||||||||
repurchases of common stock | -32,317,000 | -79,094,000 | -78,651,000 | ||||||||||||||||||||||||||
payment of contingent consideration related to business acquisition | -1,000 | -94,000 | -63,000 | ||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of acquisition: | |||||||||||||||||||||||||||||
purchases of other intangibles with finite lives | 63,000 | 0 | |||||||||||||||||||||||||||
payments for business acquisitions | |||||||||||||||||||||||||||||
payment of contingent earn-out related to business acquisition | |||||||||||||||||||||||||||||
fees related to line of credit | |||||||||||||||||||||||||||||
origination fees related to line of credit | |||||||||||||||||||||||||||||
excess income tax (benefit) shortfall from stock-based award exercises | -19,000 | ||||||||||||||||||||||||||||
excess income tax benefit (shortfall) from stock-based award exercises | 19,000 | ||||||||||||||||||||||||||||
amortization of acquired in-process research and development | |||||||||||||||||||||||||||||
amortization of fair value inventory step-up | |||||||||||||||||||||||||||||
impairment of goodwill | |||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of acquisitions and sale of certain assets and liabilities: | |||||||||||||||||||||||||||||
proceeds from sale of certain assets and liabilities | 0 | 350,000 | 1,688,000 | ||||||||||||||||||||||||||
payments for business acquisitions, net of cash acquired | |||||||||||||||||||||||||||||
principal payments on other obligations | |||||||||||||||||||||||||||||
origination fees associated with line of credit | |||||||||||||||||||||||||||||
(transaction costs) net proceeds related to issuance of convertible senior notes | |||||||||||||||||||||||||||||
cash paid during the period for: | |||||||||||||||||||||||||||||
accrued business acquisition payments | |||||||||||||||||||||||||||||
cash dividends declared | |||||||||||||||||||||||||||||
accrued repurchases of common stock | |||||||||||||||||||||||||||||
common stock issued in exchange for 2.0% convertible senior notes | |||||||||||||||||||||||||||||
excess income tax benefit from stock award exercises | -21,000 | -107,000 | -124,000 | ||||||||||||||||||||||||||
transaction costs paid associated with issuance of convertible senior notes | 0 | ||||||||||||||||||||||||||||
origination fees paid associated with line of credit | 0 | ||||||||||||||||||||||||||||
provision for (benefit from) allowance for doubtful accounts | 219,000 | ||||||||||||||||||||||||||||
transaction costs related to issuance of convertible senior notes | -118,000 | ||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||||||
depreciation and amortization | |||||||||||||||||||||||||||||
write-off of in-process research and development | |||||||||||||||||||||||||||||
provision for doubtful accounts | |||||||||||||||||||||||||||||
income tax benefit from stock option exercises | |||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of acquisitions: | |||||||||||||||||||||||||||||
restricted cash securing letter of credit obligations | |||||||||||||||||||||||||||||
deferred service revenue | |||||||||||||||||||||||||||||
purchases of proprietary technology | |||||||||||||||||||||||||||||
cash received in connection with business acquisitions | |||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of related costs of 3,821,000 | |||||||||||||||||||||||||||||
repayment of borrowings under loan agreement | |||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of related costs of 2,402,000 | |||||||||||||||||||||||||||||
proceeds from exercises of stock options, warrants and employee stock purchase plan shares | |||||||||||||||||||||||||||||
non cash investing activities: | |||||||||||||||||||||||||||||
purchase of proprietary technology through financing obligation |