Michael Bondi on market expansion
From Comtech Telecommunications (CMTL) CFO Michael Bondi Talks About Growth & Expansion · · channelchek
“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.”
On , Michael Bondi, Chief Financial Officer at COMTECH TELECOMMUN, spoke about market expansion during Comtech Telecommunications (CMTL) CFO Michael Bondi Talks About Growth & Expansion on channelchek.
About Michael Bondi
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.