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
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$20 mln
Q4 Net Income
$3.31 mln
Q4 Pretax Profit
Beat
$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.)