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Share Name | Share Symbol | Market | Type |
---|---|---|---|
COMSovereign Holding Corporation | NASDAQ:COMS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.601 | 0.57 | 0.5701 | 0 | 01:00:00 |
DALLAS, Nov. 15, 2021 /PRNewswire/ -- COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G communication systems and solutions today reported financial results for the third quarter ended September 30, 2021.
"Third quarter results reflect continued progress across the business highlighted by the initial resumption of increased production at Fastback. The ability to scale-up radio production while addressing constraints caused by chip shortages and supply chain disruptions, is a significant achievement and one that demonstrates the unique value we have built in our domestic production and supply chain business model. Although revenue in the quarter was below expectations, our team continues to adapt to the challenges by leveraging our internal design and production capabilities to meet customer needs," said Dan Hodges, Chairman and CEO of COMSovereign Holding Corp.
Third Quarter Business Highlights:
Hodges concluded, "We remain optimistic about the many opportunities which lay ahead of COMSovereign. Unlike many in our industry, we are very fortunate to have the unique ability to tap internal resources like Sovereign Plastics and Silver Bullet Technologies and our own domestic supply chain to design-out or eliminate difficult to find componentry and secure alternative sources of production. This capability will continue to be a valuable competitive advantage as we introduce a number of new communication products across our businesses later this year which we expect will contribute to strong growth throughout 2022."
Third Quarter 2021 Results Conference Call
COMSovereign Holding Corp. Chairman and CEO Dan Hodges Chief Financial Officer Fran Jandjel will host the conference call, followed by a question-and-answer period.
To access the call, please use the following information:
Date: | Monday, November 15, 2021 |
Time: | 4:30 p.m. Eastern time, 1:30 p.m. Pacific time |
Toll-free dial-in number: | 1-844-826-3035 |
International dial-in number: | 1-412-317-5195 |
Conference ID: | 10161917 |
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.
The conference call will be broadcast live and available for replay at https://viavid.webcasts.com/starthere.jsp?ei=1511710&tp_key=17fc2f10e4 and via the investor relations section of the Company's website at www.comsovereign.com.
A replay of the conference call will be available after 7:30 p.m. Eastern time through November 22, 2021.
Toll-free replay number: | 1-844-512-2921 |
International replay number: | 1-412-317-6671 |
Replay ID: | 10161917 |
For more information about COMSovereign, please visit www.COMSovereign.com and connect with us on Facebook and Twitter.
About COMSovereign Holding Corp.
COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology companies that enhance connectivity across the entire network. By combining strategic acquisitions with organic research and development efforts, COMSovereign has built a U.S.-based communications solution provider able to deliver end-to-end 4G LTE Advanced and 5G-NR telecom solutions to network operators, enterprises, and governments. For more information about COMSovereign, please visit www.COMSovereign.com.
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may," "looks to," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates," "preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking statements in this release include, but are not limited to, the impact of the current COVID-19 pandemic, which may limit access to the Company's facilities, customers, management, support staff, and professional advisors, and to develop and deliver advanced voice and data communications systems, demand for the Company's products and services, the availability of parts and components for the manufacture of products, economic conditions in the U.S. and worldwide, and the Company's ability to recruit and retain management, technical, and sales personnel. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contacts:
Steve Gersten, Director of Investor Relations
COMSovereign Holding Corp.
813-334-9745
investors@comsovereign.com
External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
COMS@mzgroup.us
www.mzgroup.us
and
Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
View original content to download multimedia:https://www.prnewswire.com/news-releases/comsovereign-reports-third-quarter-2021-financial-results-301424558.html
SOURCE COMSovereign Holding Corp.
Copyright 2021 PR Newswire
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