CMTL RSI Chart
Last 7 days
5.9%
Last 30 days
-24.3%
Last 90 days
-66.4%
Trailing 12 Months
-81.8%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 571.3M | 0 | 0 | 0 |
2023 | 514.0M | 528.2M | 550.0M | 570.8M |
2022 | 522.3M | 505.1M | 486.2M | 500.6M |
2021 | 595.9M | 585.6M | 581.7M | 563.2M |
2020 | 351.8M | 440.1M | 616.7M | 606.3M |
2019 | 640.3M | 662.9M | 671.8M | 681.2M |
2018 | 530.9M | 550.9M | 570.6M | 609.9M |
2017 | 551.4M | 555.0M | 550.4M | 536.2M |
2016 | 283.5M | 336.1M | 411.0M | 482.7M |
2015 | 336.5M | 319.2M | 307.3M | 295.0M |
2014 | 323.1M | 342.2M | 347.1M | 340.2M |
2013 | 378.1M | 348.2M | 319.8M | 312.2M |
2012 | 483.9M | 452.6M | 425.1M | 402.7M |
2011 | 814.2M | 729.0M | 612.4M | 547.6M |
2010 | 555.5M | 643.3M | 778.2M | 822.5M |
2009 | 0 | 0 | 586.4M | 528.3M |
2008 | 0 | 0 | 0 | 0 |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Apr 28, 2024 | walther donald e. | acquired | - | - | 1,685 | chief legal officer |
Apr 28, 2024 | walther donald e. | sold (taxes) | -1,853 | 2.05 | -904 | chief legal officer |
Mar 31, 2024 | hedden maria | sold (taxes) | -953 | 3.43 | -278 | chief operating officer |
Mar 31, 2024 | hedden maria | acquired | - | - | 567 | chief operating officer |
Oct 04, 2023 | bondi michael | sold (taxes) | -1,812 | 8.24 | -220 | chief financial officer |
Oct 04, 2023 | bondi michael | acquired | - | - | 430 | chief financial officer |
Oct 02, 2023 | bondi michael | sold (taxes) | -15,470 | 8.5 | -1,820 | chief financial officer |
Oct 02, 2023 | stallone nancy | sold (taxes) | -3,544 | 8.5 | -417 | treasurer and secretary |
Oct 02, 2023 | stallone nancy | acquired | - | - | 945 | treasurer and secretary |
Oct 02, 2023 | bondi michael | acquired | - | - | 3,565 | chief financial officer |
Which funds bought or sold CMTL recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 06, 2024 | SG Americas Securities, LLC | reduced | -25.66 | -88,000 | 38,000 | -% |
May 06, 2024 | Advisory Services Network, LLC | sold off | -100 | -10,849 | - | -% |
May 06, 2024 | LSV ASSET MANAGEMENT | unchanged | - | -330,000 | 226,000 | -% |
May 06, 2024 | Parallel Advisors, LLC | sold off | -100 | -118 | - | -% |
May 06, 2024 | Investors Research Corp | unchanged | - | -12,000 | 8,232 | -% |
May 06, 2024 | Quantbot Technologies LP | reduced | -59.1 | -70,448 | 14,063 | -% |
May 06, 2024 | Empowered Funds, LLC | added | 8.17 | -333,251 | 261,949 | -% |
May 03, 2024 | HUNTINGTON NATIONAL BANK | unchanged | - | -5.00 | 3.00 | -% |
May 03, 2024 | GSA CAPITAL PARTNERS LLP | added | 34.03 | -579,000 | 695,000 | 0.06% |
May 03, 2024 | SIGNATUREFD, LLC | sold off | -100 | -160 | - | -% |
Unveiling Comtech Telecommunications Corp's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Comtech Telecommunications Corp)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
CSCO | 191.4B | 57.2B | 14.24 | 3.34 | ||||
ANET | 85.7B | 5.9B | 41.03 | 14.62 | ||||
HPQ | 27.8B | 53.1B | 8.15 | 0.52 | ||||
HPE | 21.9B | 29.1B | 10.82 | 0.75 | ||||
LOGI | 13.3B | 4.2B | 27.36 | 3.13 | ||||
JNPR | 11.2B | 5.3B | 50.05 | 2.1 | ||||
MID-CAP | ||||||||
UI | 6.9B | 1.9B | 18.48 | 3.66 | ||||
BDC | 3.7B | 2.4B | 20.47 | 1.53 | ||||
LITE | 2.8B | 1.4B | -7.9 | 1.97 | ||||
SMALL-CAP | ||||||||
EXTR | 1.4B | 1.2B | -226.29 | 1.17 | ||||
AAOI | 447.7M | 217.6M | -7.99 | 2.06 | ||||
ADTN | 426.4M | 1.1B | -1.59 | 0.37 | ||||
ALOT | 136.3M | 148.1M | 29.03 | 0.92 | ||||
AKTS | 59.2M | 29.7M | -0.86 | 1.99 | ||||
AIRG | 57.4M | 56.0M | -4.61 | 1.02 |
Comtech Telecommunications Corp News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q4 | 2019Q3 |
Revenue | -11.6% | 134,225,000 | 151,911,000 | 148,814,000 | 136,316,000 | 133,725,000 | 131,139,000 | 126,983,000 | 122,116,000 | 120,381,000 | 116,759,000 | 145,809,000 | 139,376,000 | 161,292,000 | 135,218,000 | 149,673,000 | 142,397,000 | 135,121,000 | 161,654,000 | 165,960,500 | 170,267,000 | 176,372,000 |
Cost Of Revenue | -12.5% | 91,027,000 | 104,029,000 | 100,227,000 | 93,170,000 | 87,801,000 | 84,336,000 | 81,404,000 | 75,452,000 | 74,523,000 | 75,024,000 | 90,755,000 | 86,360,000 | 105,612,000 | 85,010,000 | 100,010,000 | - | 82,120,000 | 101,052,000 | - | 106,700,000 | 112,362,000 |
Gross Profit | -9.8% | 43,198,000 | 47,882,000 | 48,587,000 | 43,146,000 | 45,924,000 | 46,803,000 | 45,579,000 | 46,664,000 | 45,858,000 | 41,735,000 | 55,054,000 | 53,016,000 | 55,680,000 | 50,208,000 | 49,663,000 | - | 53,001,000 | 60,602,000 | - | 63,567,000 | 64,010,000 |
Operating Expenses | -12.2% | 40,225,000 | 45,796,000 | 47,466,000 | 48,422,000 | 46,705,000 | 56,527,000 | 47,660,000 | 47,230,000 | 70,448,000 | 48,250,000 | 45,388,000 | 50,666,000 | 50,278,000 | 135,924,000 | 46,847,000 | - | 56,137,000 | 54,368,000 | - | 54,307,000 | 53,605,000 |
S&GA Expenses | -7.3% | 30,307,000 | 32,695,000 | 30,354,000 | 31,397,000 | 28,915,000 | 29,337,000 | 29,163,000 | 27,626,000 | 29,827,000 | 28,242,000 | 27,797,000 | 26,997,000 | 29,462,000 | 27,540,000 | 23,592,000 | - | 32,313,000 | 29,374,000 | - | 31,851,000 | 31,396,000 |
R&D Expenses | -12.4% | 6,843,000 | 7,812,000 | 11,763,000 | 11,676,000 | 12,441,000 | 12,751,000 | 13,148,000 | 14,255,000 | 12,632,000 | 12,497,000 | 11,757,000 | 13,092,000 | 12,664,000 | 11,635,000 | 11,255,000 | - | 12,324,000 | 13,740,000 | - | 14,861,000 | 15,743,000 |
EBITDA Margin | 41.4% | 0.02 | 0.01 | -0.01 | -0.01 | 0.00 | -0.05 | -0.04 | -0.02 | -0.02 | 0.04 | -0.10 | -0.11 | - | - | - | - | - | - | - | - | - |
Interest Expenses | 6.8% | 5,265,000 | 4,932,000 | 4,549,000 | 4,386,000 | 3,791,000 | 2,235,000 | 1,455,000 | 981,000 | 988,000 | 1,607,000 | 1,588,000 | 1,518,000 | 1,418,000 | 2,297,000 | 1,130,000 | - | 1,504,000 | 1,616,000 | - | 1,804,000 | 2,150,000 |
Income Taxes | 647.9% | 7,364,000 | -1,344,000 | -186,000 | -2,932,000 | -222,000 | -608,000 | 2,077,000 | -771,000 | -3,276,000 | -2,053,000 | 578,000 | 316,000 | -155,000 | -2,239,000 | 787,000 | - | -759,000 | 1,117,000 | - | 1,145,000 | 2,078,000 |
Earnings Before Taxes | -14.9% | -3,194,000 | -2,781,000 | -3,726,000 | -10,390,000 | -5,027,000 | -11,704,000 | -3,092,000 | -796,000 | -25,150,000 | -8,037,000 | 7,941,000 | 1,108,000 | 4,050,000 | -88,079,000 | 1,913,000 | - | -4,748,000 | 4,612,000 | - | 7,533,000 | 8,213,000 |
EBT Margin | 8.4% | -0.04 | -0.04 | -0.06 | -0.06 | -0.04 | -0.08 | -0.08 | -0.05 | -0.05 | 0.01 | -0.13 | -0.14 | - | - | - | - | - | - | - | - | - |
Net Income | -634.7% | -10,558,000 | -1,437,000 | -3,540,000 | -7,458,000 | -4,805,000 | -11,096,000 | -5,169,000 | -25,000 | -21,874,000 | -5,984,000 | 7,363,000 | 792,000 | 4,205,000 | -85,840,000 | 1,126,000 | - | -3,989,000 | 3,495,000 | - | 6,388,000 | 6,135,000 |
Net Income Margin | -33.3% | -0.04 | -0.03 | -0.05 | -0.05 | -0.04 | -0.08 | -0.07 | -0.04 | -0.04 | 0.01 | -0.13 | -0.14 | - | - | - | - | - | - | - | - | - |
Free Cashflow | -74.2% | -30,933,000 | -17,761,000 | -7,694,000 | 11,654,000 | -13,286,000 | -13,418,000 | -11,623,500 | -6,738,000 | -401,000 | 1,141,000 | 8,144,000 | 2,239,000 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | -1.6% | 997 | 1,013 | 996 | 990 | 984 | 978 | 974 | 984 | 995 | 983 | 993 | 999 | 947 | 919 | 930 | 952 | 950 | 931 | 888 | 903 | 843 |
Current Assets | -3.0% | 343 | 354 | 305 | 291 | 276 | 270 | 263 | 275 | 281 | 274 | 287 | 292 | 282 | 275 | 277 | 291 | 290 | 296 | 280 | 289 | 286 |
Cash Equivalents | 120.6% | 40.00 | 18.00 | 19.00 | 21.00 | 22.00 | 22.00 | 22.00 | 33.00 | 31.00 | 31.00 | 31.00 | 39.00 | 31.00 | 32.00 | 48.00 | 51.00 | 46.00 | 47.00 | 46.00 | 45.00 | 46.00 |
Inventory | 0.4% | 86.00 | 85.00 | 106 | 107 | 100 | 100 | 96.00 | 95.00 | 90.00 | 88.00 | 80.00 | 83.00 | 82.00 | 81.00 | 82.00 | 79.00 | 74.00 | 72.00 | 75.00 | 83.00 | 87.00 |
Net PPE | 2.7% | 52.00 | 51.00 | 53.00 | 54.00 | 54.00 | 53.00 | 50.00 | 45.00 | 42.00 | 39.00 | 35.00 | 29.00 | 26.00 | 26.00 | 27.00 | 27.00 | 27.00 | 27.00 | 28.00 | 29.00 | 28.00 |
Goodwill | 0% | 333 | 333 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 14.00 | 348 | 348 | 334 | 16.00 | 331 | 335 | 21.00 | 310 | 310 | 8.00 | 291 |
Liabilities | -8.3% | 423 | 462 | 446 | 439 | 429 | 417 | 403 | 416 | 425 | 397 | 492 | 507 | 483 | 458 | 380 | 406 | 399 | 393 | 353 | 379 | 330 |
Current Liabilities | -11.2% | 347 | 391 | 212 | 209 | 186 | 189 | 193 | 205 | 219 | 197 | 204 | 199 | 180 | 170 | 160 | 174 | 163 | 152 | 145 | 162 | 130 |
Long Term Debt | - | - | - | 160 | 155 | 164 | 149 | 130 | 127 | 115 | 108 | 201 | 215 | 208 | 217 | 150 | 159 | 158 | 169 | 165 | 174 | 175 |
LT Debt, Current | -8.4% | 168 | 184 | 4.00 | 4.00 | 3.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
LT Debt, Non Current | - | - | - | 160 | 155 | 164 | 149 | 130 | 127 | 115 | 108 | 201 | 215 | 208 | 217 | 150 | 159 | 158 | 169 | 165 | 174 | 175 |
Shareholder's Equity | -6.8% | 407 | 437 | 438 | 441 | 446 | 454 | 467 | 465 | 468 | 486 | 501 | 492 | 463 | 460 | 549 | 546 | 551 | 538 | 535 | 525 | 513 |
Retained Earnings | -12.9% | 205 | 236 | 239 | 244 | 253 | 263 | 279 | 288 | 293 | 319 | 333 | 328 | 330 | 329 | 417 | 419 | 425 | 424 | 420 | 417 | 412 |
Additional Paid-In Capital | 0.1% | 639 | 639 | 637 | 634 | 630 | 629 | 625 | 614 | 613 | 604 | 605 | 601 | 571 | 569 | 570 | 565 | 564 | 551 | 553 | 546 | 539 |
Shares Outstanding | -0.3% | 29.00 | 29.00 | 28.00 | 28.00 | 28.00 | 28.00 | 27.00 | 27.00 | 26.00 | 26.00 | 26.00 | 26.00 | - | - | - | - | - | - | - | - | - |
Float | - | - | - | - | - | 439 | - | - | - | 525 | - | - | - | 524 | - | - | - | 703 | - | - | - | 584 |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | -83.3% | -26,660 | -14,545 | -4,256 | 16,609 | -10,589 | -6,197 | -6,424 | -1,130 | 4,772 | 4,779 | 15,944 | 6,790 | 10,857 | -74,229 | 13,757 | 7,740 | 25,822 | 5,445 | 14,188 | 40,805 | 27,168 |
Share Based Compensation | -17.2% | 2,189 | 2,645 | 3,809 | 4,126 | 1,268 | 904 | 3,792 | 1,071 | 1,983 | 921 | 6,793 | 1,204 | 1,287 | 699 | 6,177 | 981 | 1,238 | 879 | 7,999 | 1,119 | 1,191 |
Cashflow From Investing | 975.4% | 28,152 | -3,216 | -3,438 | -4,955 | -2,697 | -7,221 | -5,199 | -5,609 | -5,173 | -3,638 | -7,877 | -3,170 | -3,546 | -890 | -3,818 | -2,693 | -12,423 | -1,250 | -2,397 | -38,090 | -2,536 |
Cashflow From Financing | 19.6% | 20,296 | 16,968 | 5,251 | -11,754 | 13,262 | 13,292 | 446 | 8,652 | 402 | -1,085 | -16,404 | 4,644 | -8,845 | 59,709 | -12,695 | -884 | -13,801 | -2,898 | -11,367 | -3,560 | -21,578 |
Dividend Payments | 38.7% | 154 | 111 | 3.00 | 2,788 | 2,778 | 3,092 | 2,650 | 2,643 | 2,839 | 2,916 | 2,600 | 2,497 | 1.00 | 5,236 | 2,467 | 2,433 | 2,428 | 2,692 | 2,408 | 2,383 | 2,383 |
Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Income Statement [Abstract] | ||||
Net sales | $ 134,225,000 | $ 133,725,000 | $ 286,136,000 | $ 264,864,000 |
Cost of sales | 91,027,000 | 87,801,000 | 195,056,000 | 172,137,000 |
Gross profit | 43,198,000 | 45,924,000 | 91,080,000 | 92,727,000 |
Expenses: | ||||
Selling, general and administrative | 30,307,000 | 28,915,000 | 63,002,000 | 58,252,000 |
Research and development | 6,843,000 | 12,441,000 | 14,655,000 | 25,192,000 |
Amortization of intangibles | 5,288,000 | 5,349,000 | 10,577,000 | 10,698,000 |
Gain on business divestiture, net | (2,213,000) | 0 | (2,213,000) | 0 |
CEO transition costs | 0 | 0 | 0 | 9,090,000 |
Total operating expenses | 40,225,000 | 46,705,000 | 86,021,000 | 103,232,000 |
Operating income (loss) | 2,973,000 | (781,000) | 5,059,000 | (10,505,000) |
Other expenses (income): | ||||
Interest expense | 5,265,000 | 3,791,000 | 10,197,000 | 6,026,000 |
Interest (income) and other | 902,000 | 455,000 | 837,000 | 200,000 |
Loss before benefit from income taxes | (3,194,000) | (5,027,000) | (5,975,000) | (16,731,000) |
Provision for (benefit from) income taxes | 7,364,000 | (222,000) | 6,020,000 | (830,000) |
Net loss | (10,558,000) | (4,805,000) | (11,995,000) | (15,901,000) |
Establishment of initial convertible preferred stock purchase option liability | (13,640,000) | 0 | (13,640,000) | 0 |
Convertible preferred stock issuance costs | 4,273,000 | 0 | 4,273,000 | 0 |
Dividend on convertible preferred stock | (2,061,000) | (1,737,000) | (3,884,000) | (3,447,000) |
Net loss attributable to common stockholders | $ (30,532,000) | $ (6,542,000) | $ (33,792,000) | $ (19,348,000) |
Net loss per common share (See Note 6): | ||||
Basic (in dollars per share) | $ (1.07) | $ (0.23) | $ (1.18) | $ (0.69) |
Diluted (in dollars per share) | $ (1.07) | $ (0.23) | $ (1.18) | $ (0.69) |
Weighted average number of common shares outstanding - basic (in shares) | 28,662,000 | 27,954,000 | 28,704,000 | 27,892,000 |
Weighted average number of common and common equivalent shares outstanding - diluted (in shares) | 28,662,000 | 27,954,000 | 28,704,000 | 27,892,000 |
Condensed Consolidated Balance Sheets - USD ($) | Jan. 31, 2024 | Jul. 31, 2023 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 39,956,000 | $ 18,961,000 |
Accounts receivable, net | 198,548,000 | 163,159,000 |
Inventories, net | 85,788,000 | 105,845,000 |
Prepaid expenses and other current assets | 18,953,000 | 17,521,000 |
Total current assets | 343,245,000 | 305,486,000 |
Property, plant and equipment, net | 51,999,000 | 53,029,000 |
Operating lease right-of-use assets, net | 35,498,000 | 44,410,000 |
Goodwill | 333,105,000 | 347,692,000 |
Intangibles with finite lives, net | 215,330,000 | 225,907,000 |
Deferred financing costs, net | 2,742,000 | 2,349,000 |
Other assets, net | 14,836,000 | 17,364,000 |
Total assets | 996,755,000 | 996,237,000 |
Current liabilities: | ||
Accounts payable | 42,528,000 | 64,241,000 |
Accrued expenses and other current liabilities | 59,688,000 | 66,990,000 |
Current portion of long-term debt | 168,089,000 | 4,375,000 |
Operating lease liabilities, current | 8,156,000 | 8,645,000 |
Contract liabilities | 65,770,000 | 66,351,000 |
Interest payable | 1,317,000 | 1,368,000 |
Income taxes payable, current | 1,710,000 | 0 |
Total current liabilities | 347,258,000 | 211,970,000 |
Non-current portion of long-term debt | 0 | 160,029,000 |
Operating lease liabilities, non-current | 33,059,000 | 41,763,000 |
Income taxes payable, non-current | 2,879,000 | 2,208,000 |
Deferred tax liability, net | 10,658,000 | 9,494,000 |
Long-term contract liabilities | 21,151,000 | 18,419,000 |
Other liabilities | 8,296,000 | 1,844,000 |
Total liabilities | 423,301,000 | 445,727,000 |
Commitments and contingencies (See Note 19) | ||
Convertible preferred stock, par value $0.10 per share; authorized and issued 166,121 shares at January 31, 2024 (includes accrued dividends of $374,000) and authorized 125,000 shares; issued 100,000 at July 31, 2023 (includes accrued dividends of $604,000) | 166,495,000 | 112,211,000 |
Equity, Attributable to Parent [Abstract] | ||
Preferred stock, par value $0.10 per share; authorized and unissued 1,833,879 and 1,875,000 shares at January 31, 2024 and July 31, 2023, respectively | 0 | 0 |
Common stock, par value $0.10 per share; authorized 100,000,000 shares; issued 43,506,289 and 43,096,271 shares at January 31, 2024 and July 31, 2023, respectively | 4,351,000 | 4,310,000 |
Additional paid-in capital | 639,300,000 | 636,925,000 |
Retained earnings | 205,157,000 | 238,913,000 |
Stockholders' equity before treasury stock | 848,808,000 | 880,148,000 |
Treasury stock, at cost (15,033,317 shares at January 31, 2024 and July 31, 2023) | (441,849,000) | (441,849,000) |
Total stockholders’ equity | 406,959,000 | 438,299,000 |
Total liabilities, convertible preferred stock and stockholders’ equity | $ 996,755,000 | $ 996,237,000 |