Frequency Electronics reports Q1 EPS 25c vs 22c last year

Reports Q1 revenue $15.1M vs. $12.4M last year…FEI President and CEO, Tom McClelland commented, “Revenue for the first quarter of fiscal year 2025 increased by 22%, and operating income improved by 15% compared to the first quarter of fiscal year 2024. We believe profits and margins should continue to increase going forward, due to both our disciplined internal management as well as a strong product offering. The backlog of $70 million at the end of the first quarter of fiscal year 2025 is down slightly from the high of $78 million at the end of fiscal year 2024, but is up substantially from previous years, and represents a historically high value for the Company. This robust backlog is indicative of the strong business environment for our technology as well as our reinvigorated customer focused strategy combined with our commitment to bring faster, better solutions to market. We anticipate continued growth in new business during the current fiscal year ending April 30, 2025. The Company remains committed to achieving sustained profitability and strong cash generation going forward. I have never been more encouraged about our ability to provide important solutions that help to enhance our way of life, and to defend and protect our country and its allies.”