Frequency Electronics ( (FEIM) ) has released its Q1 earnings. Here is a breakdown of the information Frequency Electronics presented to its investors.
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Frequency Electronics, Inc. is a leading provider of high precision timing, frequency generation, and RF control products for space and terrestrial applications, serving commercial, government, and military systems.
In its first quarter of fiscal year 2026, Frequency Electronics reported a decline in revenue and operating income compared to the same period last year, with revenue at $13.8 million and operating income at $0.4 million. Despite these decreases, the company remains optimistic about its future, citing strong business fundamentals and a robust backlog of $71 million.
Key financial highlights include a net income of $0.6 million or $0.07 per diluted share, and a positive net cash flow from operations of $1.2 million. The company also announced a $20 million share repurchase authorization, reflecting confidence in its financial health and commitment to shareholder value.
Looking ahead, Frequency Electronics is focused on growth opportunities in both its legacy and next-generation technologies, including quantum sensing. The company has opened a new engineering facility in Boulder, Colorado, and is actively pursuing new contracts and government funding to support its expansion.
With a strong balance sheet and a strategic focus on innovation, Frequency Electronics is well-positioned to capitalize on future opportunities in its core markets, maintaining its leadership in precision timing and frequency generation technologies.