Brief: Frequency Electronics Q1 Net Income USD 634 Thousand

Frequency Electronics

11/09/2025 21:05

Overview

Frequency Electronics fiscal Q1 revenue fell to $13.8 mln, missing analyst expectations

Operating income dropped significantly to $0.4 mln from $2.4 mln last year

Company announces $20 mln share repurchase authorization

Outlook

Company expects revenue boost in coming quarters from delayed programs

Anticipates new Boulder facility to aid profits by Q3

Company sees strong backlog and bids for larger programs

Frequency Electronics pursuing government R&D funding in quantum sensing

Result Drivers

TIMING ISSUE - Revenue decline attributed to revenue booked in prior qtr that was expected in current qtr, per CEO Tom McClelland

CUSTOMER DELAYS - Revenue and operating income impacted by customer-driven delays on key programs, expected to resolve soon

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$13.81 mln
$16.50 mln (1 Analyst)
Q1 Net Income
$634,000
Q1 Pretax Profit
Miss
$557,000
$3.28 mln (1 Analyst)
Q1 Operating Income
$364,000


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Frequency Electronics Inc is $34.00, about 4% above its September 10 closing price of $32.65

Press Release: ID:nGNXc7n59Y

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)