COMSovereign Reports First Quarter 2021 Financial Results
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COMSovereign Holding Corp. (COMS) Reports Q1 Revenues Beat
May 17, 2021 4:38 PM EDTCOMSovereign Holding Corp. (NASDAQ: COMS) reported Q1 revenue for the quarter came in at $2.08 million versus the consensus estimate of $1.73 million.
For the three months ended March 31, 2021, total revenues were $2,086,452 compared to $2,485,204 for the three months ended March 31, 2020. Sales were derived primarily from mobile network backhaul products, outside customer sales from Sovereign Plastics, and the sale of rapid deployable aerostat products and accessories. The decrease was driven primarily from the lack of capital available for parts and manufacturing as the capital from two public offerings completed in January and... More