- Business
- COMSovereign Holding Corp. (OTC: COMS, COMSP) develops and provides advanced 4G LTE Advanced and 5G telecommunications solutions, including intelligent backhaul radio systems, microwave packet radios, tethered drones and aerostats for surveillance and communications, silicon photonic technologies, full-duplex wireless radios, embedded hardware and software for ISR applications, secure cellular on-demand and IoT platforms, RF engineering services, and 5G mobile edge computing; through subsidiaries such as Fastback Networks, DragonWave, Drone Aviation, VEO, Lextrum, Silver Bullet Technology, RF Engineering & Energy Resource, and Saguna Networks, to network operators, mobile carriers, government agencies including DoD, and enterprises worldwide. Founded in 2014 and headquartered in Tucson, Arizona, the company, formerly Drone Aviation Holding Corp. until its name change in November 2019, operates primarily in the United States with global reach via reseller agreements including recent expansions in Latin America through CLAdirect covering over 10 countries and partnerships for DoD markets. Recent developments include a June 2024 solutions partnership with Intelligent Waves to enhance sales of secure 5G, drone platforms, and SaaS offerings to government customers; addition of wireless network monitoring SaaS via a reseller agreement with SIFF.IO in October 2023; key executive appointments such as Chief Revenue Officer Keith Kaczmarek and independent director Bill White in April 2023; an 80% year-over-year reduction in secured debt as part of its business transition plan; regaining current filer status with SEC through 2023 quarterly filings in January 2024; and ongoing cost-cutting, streamlining, and compliance efforts with Nasdaq including a 1-for-100 reverse stock split in early 2023.