Frequency Electronics reports Q2 revenue $13.6M, net income $0.8M vs loss year ago; announces $53M in contract wins

FREQUENCY ELECTRONICS INC

2025-Q2 EPS reported $0.30 revenue$25,984,000

Q2 revenue $13.6M (+53% YoY); operating income $0.9M vs loss $2.3M; diluted EPS $0.08 vs loss $0.25.
Six-month revenue $26.0M; net income $2.9M ($0.30/diluted share) vs loss $5.4M ($0.58 loss).
Backlog $49.7M near historic high; three post-quarter contract wins totaling ~$53M (including $25M national security satellite program).
Non-space U.S. government revenue 60% of Q2 sales vs 44% a year ago; satellite payload revenue 35%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FREQUENCY ELECTRONICS INC reported the three- and six-month periods of fiscal 2024, ended October 31, 2023 results: revenue approximately $13.6 million and $26.0 million, respectively, net income $0.8 million or $0.08 per diluted share and $2.9 million or $0.30 per diluted share, respectively, EPS $0.08 per diluted share and $0.30 per diluted share, respectively.

Period: the three- and six-month periods of fiscal 2024, ended October 31, 2023
Revenue: approximately $13.6 million and $26.0 million, respectively
Net income: $0.8 million or $0.08 per diluted share and $2.9 million or $0.30 per diluted share, respectively
EPS: $0.08 per diluted share and $0.30 per diluted share, respectively
Result: reported results

Exact text from the filing

Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and six-month periods of fiscal 2024, ended October 31, 2023, of approximately $13.6 million and $26.0 million, respectively, compared to revenues of $8.9 million and $17.2 million, respectively, for the same periods of fiscal year 2023, ended October 31, 2022.

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Source: SEC EDGAR

accession 0001185185-23-001288

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