FREQUENCY ELECTRONICS INC (FEIM) Form 8-K — Jul 15, 2026
Frequency Electronics reported fiscal year 2026 revenue of $63.2 million, a decrease from $69.8 million in the prior year, resulting in a net loss of $0.09 per share. The decline was attributed to non-recurring charges, including a $3.8 million inventory write-down related to the restructuring of the FEI-Elcom subsidiary and costs associated with engineering investments and manufacturing efficiency projects. Despite the reported losses, the company announced a record funded backlog of $111 million as of April 30, 2026, representing a 59% increase over the previous year.
Key figures
- Revenue
- 63227000
- Revenue Yoy
- -9.4%
- Cash Position
- 1603000
- Shares Outstanding
- 9783000
- Backlog
- 111000000
- Backlog prior year
- 70000000
- Revenue target 3yr
- at least $150 million
- Restructuring charge
- 3800000
- Gross margin target 3yr
- 50%
- Operating margin target 3yr
- 30%
Price after filing
Close on the filing date to close N calendar days later (from $54.50). Historical, not a forecast.
AI analysis
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