Frequency Electronics reports Q4 loss of $0.50/share; backlog hits record $111M, up 59% YoY

FREQUENCY ELECTRONICS INC

Q4 revenue $15.4M (down 23% YoY); FY revenue $63.2M (down 9% YoY).
Q4 net loss $4.9M ($0.50 diluted loss) vs net income $3.2M ($0.33) in Q4 FY2025.
Record funded backlog $111M at April 30, 2026, up 34% sequentially and 59% annually.
Three-year targets: minimum revenue $150M, gross margin 50%, operating margin 30% by FY2029.
Restructured FEI-Elcom; $3.8M inventory write-down; expects $9.3M future tax benefit.

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