Frequency Electronics Q1 revenue $13.8M, EPS $0.07, announces $20M buyback

FREQUENCY ELECTRONICS INC

2026-Q1 EPS reported $0.07 revenue$13,812,000

Revenue of $13.8M, down from $15.1M YoY; operating income fell to $0.4M from $2.4M.
Net income $0.6M ($0.07 per diluted share), compared to $2.4M ($0.25) in prior year.
Backlog remains high at $71M, up from $70M at April 30, 2025, with multiple large defense programs active.
Board approved new $20M share repurchase authorization, replacing ~$550K remaining under prior plan.
Management attributes Q1 decline to timing and customer delays; expects recovery in coming quarters.

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