Frequency Electronics Inc. Announces Three-Year Revenue Target of At Least $150 Million
Frequency Electronics announced a new long-term revenue target of at least $150 million by Fiscal 2029, implying a compound annual growth rate exceeding 30%. CEO Tom McClelland cited record funded backlog and expanding end-markets in quantum sensing and space exploration as drivers for this new outlook, marking a shift from the company's prior no-guidance policy.
Key figures
- Guidance
- annual revenue of $150 million by Fiscal 2029
- Cagr target
- north of 30%
- Target year fiscal
- 2029
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