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  "documentTitle": "Outerbridge Comtech Presentation November 2021",
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  "presentationDate": "2021-11-01 00:00:00",
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  "notes": "The slide uses a combination of a summary table and two bar charts to demonstrate that growth was already slowing before the pandemic.",
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      "text": "Revenue Guidance 2016A-2020E",
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      "text": "Pre-COVID, CMTL expected FY20 revenue of $712M; even if achieved, it would represent a meager 6% improvement from pro forma revenue at the time of the TCS acquisition. Even if CMTL achieved its Pre-COVID Adj. EBITDA of $99M, it would represent a meager 7% improvement from pro forma Adj. EBITDA at the time of the TCS acquisition. Including the $12M of expected cost synergies from the TCS deal, the Adj. EBITDA decline is significant",
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      "text": "Source: FactSet, CMTL SEC Filings, Q2 FY20 Investor Presentation",
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      "text": "Disappointing Growth Prospects even Before the Impact of COVID",
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