Frequency Electronics, Inc. (FEIM) Q1 FY2026 earnings

Reported results

• Revenue: $23.5 million for Q1 FY2027, compared to $13.8 million for Q1 FY2026 (GAAP)
• Operating income: $5.2 million for Q1 FY2027, compared to $0.4 million for Q1 FY2026 (GAAP)
• Net income: $4.2 million or $0.41 per diluted share for Q1 FY2027, compared to $0.6 million or $0.07 per diluted share for Q1 FY2026 (GAAP)
• Gross margin: approximately 46% for Q1 FY2027
• Operating margin: exceeding 22% for Q1 FY2027
• Funded backlog: $129 million at July 31, 2026, compared to $111 million at April 30, 2026

Guidance

• $150 million or more in annual revenue by Fiscal Year 2029 (ends April 30, 2029)

Notes

Company completed a secondary offering during the quarter that added approximately $73 million in cash, of which approximately $14 million came in after the quarter ended. Net cash provided by operating activities was $3.0 million in Q1 FY2027, compared to net cash used in operations of $1.2 million in Q1 FY2026. Company is debt-free.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-10 (8-K, Item 2.02). Read the original filing on sec.gov.