Record Revenue Quarter
This was the highest revenue quarter for Frequency Electronics in 10 years, driven by progress on specific programs and conversion of a historically high backlog into revenue.
Substantial Year-over-Year Revenue Growth
For the nine months ended January 31, 2025, consolidated revenue was $49.8 million, a 25.4% increase from $39.7 million in the prior fiscal year.
Gross Margin Improvement
Gross margin and rate increased compared to the same period in fiscal year 2024, driven by successful completion of major milestones in large space programs.
Significant Operating Income Increase
Operating income for the nine months ended January 2025 was $8.5 million, up from $2.5 million in the prior year.
Strong Net Income Growth
Net income for the nine months ended January 31, 2025 was $20.5 million, compared to $3 million in the previous fiscal year.
Debt-Free and Strong Liquidity
The company remains debt-free with adequate liquidity to meet its needs for the next 12 months.