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FEIM Frequency Electronics News Story

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Brief: Frequency Electronics Q4 Operating Income USD 3.278 Million

Overview

Frequency Electronics reports fiscal Q4 revenue of $20 mln, highest in 25 years

Pretax profit beats analyst's expectation, per LSEG data

Company sees medium to long-term growth potential despite short-term unpredictability

Outlook

Co sees growth potential in quantum sensing market, investing in R&D for new products

Anticipates unpredictable short-term impact from space architecture changes

Company investing in quantum sensor applications, per CEO Tom McClelland

Cautions against expecting near-term replication of recent performance

Result Drivers

REVENUE GROWTH - Fourth quarter revenue reached $20 million, highest in 25 years, driven by strong execution on several programs, per CEO Tom McClelland

SATELLITE PAYLOADS - Revenue from satellite payloads increased to 60% of total revenue, up from 44% in the prior year

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Revenue$20 mln
Q4 Net Income$3.31 mln
Q4 Pretax ProfitBeat$3.21 mln$3.16 mln (1 Analyst)
Q4 Operating Income$3.28 mln
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 $27.00, about 15.8% above its July 9 closing price of $22.75 Press Release: ID:nGNX3RKlDh (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.)

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