FREQUENCY ELECTRONICS INC (FEIM) Form 10-K — Jul 16, 2026
Frequency Electronics reported fiscal 2026 revenue of $63.2 million, a decrease of 9% from the prior year, and swung to a net loss of $903,000 compared to net income of $23.7 million in fiscal 2025. The decline was driven by a significant drop in gross margin to 29.1% from 43.1%, largely due to a $3.8 million inventory write-down and increased investments in engineering talent and facilities as part of a strategic restructuring of its FEI-Elcom subsidiary. Despite the earnings decline, the company's backlog grew substantially to approximately $111 million from $70 million at the end of the prior fiscal year, with 73% expected to be fulfilled in fiscal 2027.
Key figures
- Revenue
- 63227000
- Revenue Yoy
- -9.4%
- Total Assets
- 90706000
- Cash Position
- 1603000
- Backlog
- 111000000
- Gross Margin Percentage
- 29.1%
Price after filing
Close on the filing date to close N calendar days later (from $54.50). Historical, not a forecast.
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