Comtech Telecommunications Corp.

Ladies and gentlemen, thank you for standing by. Welcome to ComTech Telecommunications Corps first quarter fiscal 2021 earnings conference call. At this time, our participants are in a listen only mode. Later, we will conduct a question and answer session. At that time, if you have a question, you will need to press the star and one on your push button phone. As a reminder, this conference is being recorded Wednesday, December 9th, 2020. I would now like to turn the conference over to Mr. Jason DiLorenzo of ComTech Telecommunications. Please go ahead, sir.

Thank you, and good afternoon. Welcome to the ComTech Telecommunications Conference Call for the first quarter of fiscal year 2021. With us on the call today are Fred Kornberg, Chairman of the Board and Chief Executive Officer of ComTech, Michael D. Porcelain, President and Chief Operating Officer, and Michael Bondi, Chief Financial Officer. Before we proceed, I need to remind you of the company's safe harbor language. Certain information presented in this call will include, but not be limited to, information relating to the future performance and financial condition of the company, the company's plans, objectives, and business outlook, and the plans, objectives, and business outlook of company's management. The company's assumptions regarding such performance, business outlook, and plans are forward-looking in nature and involve significant risks and uncertainties. Actual results could differ materially from such forward-looking information. Any forward-looking statements are qualified in their entirety by cautionary statements contained in the company's securities and exchange commission filings. I am pleased now to introduce the Chairman and Chief Executive Officer of Comtech, Fred Kornberg. Fred?

Thank you, Jason. And good afternoon, everyone, and thank you for joining us on this call. Today, we will be discussing the results for our first quarter of fiscal 2021 and our outlook for the full fiscal year. As you see from our announcement this afternoon, fiscal 2021 is off to a great start. Our net sales and adjusted EBITDA for the first quarter exceeded our expectations. Our first quarter net sales were $135.2 million with an adjusted EBITDA of $14.3 million. As everyone knows, COVID-19 is still in the forefront of news. And although by no means is it over, we believe that the pandemic's worst impact on our business is largely behind us. As announced earlier today, with our diversified customer base, product leadership positions, and mounting prospects, we are targeting fiscal 2021 net sales to be in the range of approximately $610 to $630 million, and our targeted adjusted EBITDA to now be in the range of $74 to $76 million. As you can see, our strategic initiatives are paying off, and we are clearly holding our own despite the second wave of the COVID-19 pandemic. Our pipeline of large-order deals remains strong, and if momentum continues, we should achieve a book-to-bill ratio in excess of 1.0 for fiscal 2021. Now let me turn over the call to Michael Bondi, our CFO, who will provide additional commentary about our financials. After that, Michael Porcelain, our President and CEO, We'll provide an update on our business and pending acquisition. Then I will come back before opening the line to questions and answers. Thank you. Mike.