COMSovereign Holding Corp. (COMS) [Rocket]

Overview

COMSovereign Holding Corp. (COMS)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/22/2023	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and...
05/19/2023	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and...
05/01/2023	3	White Billy Joe (Director) has filed a Form 3 on COMSovereign Holding Corp.
04/27/2023	8-K	Quarterly results
04/21/2023	8-K	Quarterly results
04/19/2023	SC 13G/A	Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]
03/31/2023	NT 10-K	Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	12.6	9.4	4.7	2.7	0.6	1.5	0.5	0.9
Revenue growth	34.1%	100.1%	73.1%	384.4%	-61.7%	211.0%	-45.0%	1.3%
Cost of goods sold	6.5	4.6	3.0	2.2	0.3	0.6	0.3	0.7
Gross profit	6.1	4.8	1.7	0.5	0.2	0.9	0.2	0.2
Gross margin	48.6%	51.2%	36.5%	18.7%	39.8%	62.0%	40.1%	21.3%
Selling, general and administrative
Sales and marketing	0.6	0.0	0.0
Research and development	4.0	2.0	0.2
General and administrative	26.3	17.5	14.3	8.6	10.1	9.7	9.2	1.9
EBITA	-26.6	-15.8	-13.4	-7.8	-9.6	-8.7	-8.9	-1.7
EBITA margin	-210.3%	-167.8%	-284.5%	-287.9%	-1699.8%	-589.1%	-1892.6%	-197.0%
Amortization of intangibles	12.9	11.4	6.9	0.3	0.3	0.2	0.0	0.0
EBIT	-39.5	-27.2	-20.4	-8.1	-9.8	-8.8	-9.0	-1.7
EBIT margin	-312.3%	-288.8%	-431.9%	-298.6%	-1751.8%	-600.7%	-1900.7%	-200.7%
Pre-tax income	-153.0	-40.0	-31.7	-8.5	-10.3	-8.5	-9.0	0.0
Income taxes	0.0	2.9	-4.1	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%		13.1%	0.0%	0.0%	0.0%	0.0%	12.2%
Net income	-153.2	-37.1	-27.5	-8.5	-10.3	-8.5	-9.1	-2.3
Net margin	-1212.2%	-393.3%	-584.6%	-311.3%	-1836.8%	-581.1%	-1918.0%	-269.9%

Diluted EPS	($2.20)	($0.82)	($0.57)	($0.89)	($1.15)	($1.23)	($4.45)	($5.87)
Shares outstanding (diluted)	69.8	45.3	48.7	9.5	9.0	6.9	2.0	0.4

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.