Comtech Appoints Mary Jane Raymond as Independent Director
- Board Expansion: Comtech Telecommunications Corp. appointed Mary Jane Raymond as an independent director on December 11, 2025, increasing the board to eight members, aimed at enhancing corporate governance and financial oversight.
- Extensive Financial Experience: With over 30 years in public company finance and governance, Raymond previously served as CFO of Coherent Corp., managing over $5.8 billion in revenue, which is expected to provide strategic financial insights for Comtech.
- Strategic Integration Skills: During her tenure at Coherent, Raymond played a key role in financing and integrating multiple strategic acquisitions, suggesting her expertise will facilitate more efficient integration in Comtech's future M&A activities.
- Positive Company Outlook: Comtech's Chairman Ken Traub noted that with the company's recent positive momentum, Raymond's addition will strengthen governance and operational capabilities, supporting future growth.
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Financial Performance: Comtech Telecommunications Corp reported net sales of $111 million and an operating loss of $2.8 million for the first quarter of fiscal 2026, alongside a positive operating cash flow of $8.1 million.
Segment Performance: The satellite and space communications segment achieved a GAAP operating profit of over $3 million, marking a significant turnaround from a $119 million loss in the previous year.
Market Position and Contracts: The company secured a multi-year contract extension worth over $130 million with a major U.S. telecommunications firm, enhancing its market position despite a decrease in the book-to-bill ratio to 0.92 times.
Strategic Focus: Comtech is focusing on optimizing cash flow and transitioning to higher-margin products, although it faces challenges with preferred stock obligations and has not announced specific plans to address them.

- Board Expansion: Comtech Telecommunications Corp. appointed Mary Jane Raymond as an independent director on December 11, 2025, increasing the board to eight members, aimed at enhancing governance structures to tackle future challenges.
- Rich Financial Experience: With over three decades in public company finance and governance, Raymond previously served as CFO of Coherent Corp., managing over $5.8 billion in revenue, which is expected to bring strategic financial insights to Comtech.
- Enhanced Operational Capabilities: Raymond's senior finance and risk management roles at Hudson Global and Dun & Bradstreet will aid Comtech in decision-making regarding M&A and operations, driving growth in the competitive communications market.
- Value of Independent Directors: Raymond's addition not only enhances board diversity but also provides Comtech with stronger internal control and audit oversight, ensuring compliance and transparency in a rapidly changing market environment.
- Board Expansion: Comtech Telecommunications Corp. appointed Mary Jane Raymond as an independent director on December 11, 2025, increasing the board to eight members, aimed at enhancing corporate governance and financial oversight.
- Extensive Financial Experience: With over 30 years in public company finance and governance, Raymond previously served as CFO of Coherent Corp., managing over $5.8 billion in revenue, which is expected to provide strategic financial insights for Comtech.
- Strategic Integration Skills: During her tenure at Coherent, Raymond played a key role in financing and integrating multiple strategic acquisitions, suggesting her expertise will facilitate more efficient integration in Comtech's future M&A activities.
- Positive Company Outlook: Comtech's Chairman Ken Traub noted that with the company's recent positive momentum, Raymond's addition will strengthen governance and operational capabilities, supporting future growth.
- Financial Performance Improvement: Comtech reported net sales of $111 million for Q1 2026, a 4.1% decrease year-over-year, yet the company improved its gross margin to 33.1% by streamlining product lines and focusing on higher-margin opportunities, indicating a strengthening financial position.
- Positive Cash Flow: The company achieved positive operating cash flow of $8.1 million, marking its third consecutive quarter of positive cash flow, reflecting improved operating income and working capital management, which enhances future financial stability.
- Orders and Backlog: Net bookings for the quarter were $102 million, down 20.3% year-over-year, but the backlog reached $663 million, showcasing the company's potential in high-value contracts, particularly a long-term deal worth over $130 million with a domestic Tier 1 mobile network operator.
- Adjusted EBITDA Growth: Adjusted EBITDA stood at $9.6 million, a significant improvement from a loss of $30.8 million in the prior year, indicating effective measures in reducing administrative expenses and enhancing gross profit, thereby strengthening market competitiveness.
- Partnership Renewal: Comtech's Allerium business segment has renewed its 9-1-1 services contract with the State of Arizona, reflecting a long-standing collaboration and trust in emergency communications, ensuring all Public Safety Answering Points receive 9-1-1 voice and text services statewide.
- System Integration: As of mid-2025, all PSAPs in Arizona are receiving services through Allerium's Next Generation 9-1-1 system, enhancing connectivity speed and reliability for communities, thereby improving emergency response capabilities.
- Technical Support: Under the renewed agreement, Allerium will continue to provide Next Generation Core Services and the Emergency Services Internet Protocol Network, ensuring stable connectivity for the 9-1-1 ecosystem and supporting future public safety needs.
- Commitment to Improvement: The collaboration between Allerium and the Arizona 9-1-1 Program continuously drives system enhancements and expansions, reflecting a shared commitment to advancing public safety technology, ensuring that every connection counts.






