Frequency Electronics, Inc. Announces First Quarter of Fiscal Year 2027 Financial Results
Frequency Electronics reported record first quarter fiscal 2027 revenue of $23.5 million, up 70% year-over-year and 52% sequentially. Diluted EPS was $0.41 versus $0.07 a year ago, with operating income of $5.2 million, gross margin near 46%, and operating margin above 22%. Funded backlog reached a record $129 million, up 82% year-over-year, and management expressed increasing confidence in meeting or exceeding its $150 million annual revenue target by fiscal 2029.
Key figures
- Eps
- 0.41
- Revenue
- 23451000
- Guidance
- increasing confidence in meeting or exceeding $150 million or more in annual revenue by Fiscal 2029 (ends April 30, 2029)
- Revenue Yoy
- 70%
- Net income
- 4216000
- Backlog qoq
- 16%
- Backlog yoy
- 82%
- Revenue qoq
- 52%
- Gross margin
- ~46%
- Funded backlog
- 129000000
- Prior year eps
- 0.07
- Operating income
- 5200000
- Operating margin
- >22%
- Prior year revenue
- 13812000
- Operating cash flow
- 3000000
- Cash and equivalents
- 61407000
- Secondary offering cash added
- 73000000
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