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Frequency Electronics, Inc. Announces Second Quarter and Fiscal Year 2026 Financial Results
MITCHEL FIELD, N.Y., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is pleased to announce its financial results for the second quarter and fiscal year 2026. Revenue for the three and six months ended October 31, 2025, was approximately $17.1 million and $30.9 million, respectively, compared to $15.8 million and $30.9 million, respectively, reported for the same period of fiscal year 2025. Operating income for the three and six months ended O
About this update from Frequency Electronics, Inc.
[{"type":"text","content":"MITCHEL FIELD, N.Y., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is pleased to announce its financial results for the second quarter and fiscal year 2026.","length":211,"tagName":"p"},{"type":"text","content":"Revenue for the three and six months ended October 31, 2025, was approximately $17.1 million and $30.9 million, respectively, compared to $15.8 million and $30.9 million, respectively, reported for the same period of fiscal year 2025. Operating income for the three and six months ended October 31, 2025 was $1.7 million and $2.1 million, respectively, compared to $2.6 million and $5.0 million, respectively, reported for the same period of the previous fiscal year. Net Income from operations for the three and six months ended October 31, 2025, was $1.8 million or $0.18 per diluted share and $2.4 million or $0.25 per diluted share, respectively, compared to a net income from operations for the three and six months ended October 31, 2024 of $2.7 million or $0.28 per diluted share and $5.1 million or $0.53 per diluted share, respectively. Net cash provided by operating activities was approximately $0.6 million in the six months of fiscal year 2026, compared to net cash provided by operations of $2.4 million for the same period of fiscal year 2025. Backlog at October 31, 2025 was approximately $82 million compared to $70 million at April 30, 2025.","length":1159,"tagName":"p"},{"type":"text","content":"FEI President and CEO, Tom McClelland commented, “Our second quarter fiscal year 2026 performance was strong by a number of measures, with revenue of $17.1 million, and a record $81.7 million funded backlog. Revenue is up 24%, quarter over quarter, and represents the third highest quarterly revenue in the last decade. As we reported last quarter, Q1 results were impacted by customer induced delays on several programs. As anticipated, those delays are behind us, as evidenced by the Q2 financials. During Q2 we did experience delays in getting under contract on several programs due to the government shutdown; however, we expect any impact from this to be reversed in Q3 and Q4. All of which leads to optimism going forward.","length":728,"tagName":"p"},{"type":"text","content":"“We anticipate multiple awards in the coming months, some of which are as large or larger than the larg...