Chief Financial Officer, Comtech Telecommun
Search every verified Michael Bondi interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Michael Bondi, Chief Financial Officer of Comtech Telecommunications, discussed the company's growth and expansion in a September 2024 interview. He stated that the company had announced winning work in Texas for a Next Generation 911 (NG911) application, describing it as a potential $30 million opportunity. Bondi noted that Comtech had a footprint for 911 services in approximately eight states and three local regions across the United States, and that the company was tracking additional opportunities. In a September 2021 presentation, Bondi highlighted the company's financial position, stating that Comtech generated profits and cash flows, had paid dividends for 42 consecutive quarters, and had nearly a billion dollars of visibility into future revenues from existing contracts. He said the company's stock was undervalued and that Comtech would be opportunistic about stock buybacks under a $100 million program. Bondi also noted that the company had transformed into a wireless leader, with over 60 percent of fiscal 2020 revenues coming from products that did not exist in fiscal 2015.
“This morning we announced winning work in Texas, a NG911 application expanding the work that we were doing there. It's a nice, you know, could be a $30 million type opportunity.”
“At this point in time, we have about eight states and three local regions throughout the United States where we have a nice footprint for 911, and there are certain opportunities that we are tracking.”
“We generate profits and cash flows; sometimes you see technology companies that don't do that. I like to say we're a real company. We pay dividends and have paid 42 quarters in a row, continuing to return part of our profits and operating cash flow to our shareholders.”
“Despite the coronavirus, things are looking pretty good for us. We have long-term fundamentals and market growth demand that we believe will drive future revenues, and at the end of the day, we feel pretty good about the future.”
“Satellite cellular backhaul is an important part of cellular networks, and as we go from 4G to 5G around the world, it's going to open up tremendous opportunities because there's going to be more data, more information, and more need to have satellite cellular backhaul.”
“We have strong visibility into our future revenues with almost a billion dollars worth of visibility from existing contracts, including about 600 million in backlog, which is almost a year's worth of revenue.”
“We think our stock is undervalued. Even at today's prices around $22, it's the same company as when the stock was $35-$36 in January 2020. We will be opportunistic about buying stock as part of our $100 million buyback program.”
“The new administration will likely be beneficial to us because the US government is looking to an infrastructure bill to generate spending, which will include new communication equipment such as our 911 systems.”
“We are the number one provider in the United States for next generation 911 systems, having won contracts in Massachusetts, Pennsylvania, South Carolina, and Washington. These are multi-million dollar contracts lasting between five and ten years.”
“The comet is the world's smallest troposcatter system, which can be set up within 15 minutes on the ground, enabling transmission from 10 to a couple hundred miles without the need for satellite or third-party transponder capacity. It's a real game changer.”
“We have transformed the company into a wireless leader with tremendous investments in research and development and tactical acquisitions. Over 60 percent of our fiscal 2020 revenues did not exist in fiscal 2015, showing a revamped product line that is being accepted by customers.”
“The satellite ground station business will benefit greatly from the launch of thousands of LEO and MEO satellites, as each satellite requires multiple ground stations for communication, and our equipment is vendor-neutral and interoperable with many satellite operators.”
Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless ...
Comtech Telecommunications President/COO Michael Porcelain and CFO Michael Bondi's presentation from NobleCon17, ...
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