Levi & Korsinsky investigates Comtech Telecommunications Corp. over potential federal securities law violations related to Q3 2023 financial concerns and unbilled receivables.
Levi & Korsinsky is investigating Comtech Telecommunications Corp. (CMTL) over possible violations of federal securities laws. The investigation was initiated due to a "going concern" qualification in Comtech's Q3 2023 earnings report, concerns over financial covenants, and a significant drawdown of its credit facility. Analysts have expressed alarm over the company's "unbilled receivables" accounting practice, which involves recognizing revenue prior to actual receipt.
June 20, 2024
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