Nasdaq · CIK 0000023197
CMTL COMTECH TELECOMMUNICATIONS CORP /DE/
D
40 / 100
Material weaknesses
3
Restatements
0
Auditor changes
0
Late filings
0
Quarters with open weakness
1
Remediations
1
Deductions
75
Remediation credit
15
Trailing 24 months from 2024-11-07. Rubric v1. How this is scored.
Disclosures, in the company's words
“The control environment material weakness contributed to another material weakness related to control activities over revenue recognition and contract liabilities, where the Company did not design and implement effective control activities.”
“The Company did not design and maintain an effective control environment commensurate with their financial reporting requirements based on the criteria in the COSO framework, as the Company lacked a sufficient complement of resources with an appropriate level of knowledge and experience to establish effective processes and controls.”
“In our opinion, because of the effect of the material weaknesses identified below on the achievement of the objectives of the control criteria, the Company has not maintained effective internal control over financial reporting as of July 31, 2026, based on criteria established in Internal Control Integrated Framework (2013) issued by COSO.”
“and our report dated October 14, 2026, expressed an adverse opinion on the Company s internal control over financial reporting because of material weaknesses.”
“and our report dated October 14, 2026, expressed an adverse opinion on the Company s internal control over financial reporting because of material weaknesses.”
“remediation of the material weakness related to control activities over revenue recognition and contract liabilities, that resulted from the control environment material weakness, will require further testing of the design and operating effectiveness of internal controls”
“Based on our assessment, we determined that, as of July 31, 2026, our internal control over financial reporting was not effective based on those criteria as a result of the material weaknesses described below.”
“we concluded that our disclosure controls and procedures were not effective as of July 31, 2026, as a result of the previously disclosed material weaknesses in our internal control over financial reporting discussed below.”
“This control environment material weakness contributed to a material weakness within our system of internal control over financial reporting at the control activity level, where we did not design and implement effective control activities related to revenue recognition and contract liabilities.”
“we concluded that we did not design and maintain an effective control environment commensurate with our financial reporting requirements based on the criteria in the COSO framework, as we lacked a sufficient complement of resources with an appropriate level of knowledge and experience to establish effective processes and controls.”
“Our management has concluded that our disclosure controls and procedures were not effective as of July 31, 2026 due to material weaknesses in internal control over financial reporting.”
“There can be no assurance that we will be able to remediate the remaining material weaknesses that we have identified as of July 31, 2026, or maintain all of the controls necessary for continued compliance.”
Remediation disclosed
- 10-K · filed 2026-10-14 · source filing ↗
“management established effective processes and controls over (i) inventory, other assets and complex accounting matters and transactions (including debt, convertible preferred stock and related embedded derivatives), and (ii) general information technology controls related to Allerium s international component, and considers the related material weaknesses to be remediated as of July 31, 2026.”
Filings read
- 10-K · 2026-10-14read
- 10-Q · 2026-06-15queued
- 10-Q · 2026-03-16queued
- 10-Q · 2025-12-11queued
- 10-K · 2025-11-10queued
- 10-Q · 2025-06-09queued
- 10-Q · 2025-03-12queued
- 10-Q · 2025-01-13queued
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