Frequency Electronics Q1 FY27 revenue $23.5M record, up 70% YoY; EPS $0.41

FREQUENCY ELECTRONICS INC

Revenue $23.5M, record, up 70% YoY and 52% sequentially; gross margin ~46%, operating margin >22%.
Backlog $129M record, up 82% YoY and 16% sequentially; supports $150M+ annual revenue target by FY2029.
Operating income $5.2M vs $0.4M; net income $4.2M ($0.41 diluted) vs $0.6M ($0.07) year ago.
Cash from ops $3.0M vs -$1.2M; secondary offering added ~$73M cash, ~$14M after quarter end; debt-free.
CEO Tom McClelland cites strong growth and profitability; conference call held Sept 10, 2026.

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