Frequency Electronics Q3 net income drops 90% YoY to $1.6M; backlog record $83M

FREQUENCY ELECTRONICS INC

2026-Q3 EPS reported $0.41 revenue$47,829,000

Revenue $16.9M (down 11% YoY from $18.9M); net income $1.6M ($0.16 diluted EPS) vs $15.4M ($1.60) last year.
Operating income fell to $1.3M from $3.5M; funded backlog rose to record $83M vs $70M at April 30, 2025.
CEO disclosed two new contracts worth ~$45M, among the largest ever won, boosting core space and defense business.
Company is debt-free; collected over $11M in cash since Feb 1, expects growing cash position through Q4.
Management targets surpassing $100M funded backlog and sees multi-year growth from core and quantum/satellite wins.

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 0.9

FREQUENCY ELECTRONICS INC reported financial results for the third quarter and fiscal year 2026.

Period: the third quarter and fiscal year 2026
Result: reported results

Exact text from the filing

On March 11, 2026, Frequency Electronics, Inc. (the "Company") issued a press release (the "Press Release") announcing its financial results for the quarter ended January 31, 2026.

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Source: SEC EDGAR

accession 0001185185-26-000840

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