Welcome to our dedicated page for Frequency Electronics news (Ticker: FEIM), a resource for investors and traders seeking the latest updates and insights on Frequency Electronics stock.
Frequency Electronics, Inc. reports developments in precision timing, frequency generation and RF control products for space and terrestrial applications. Company news commonly covers contract awards tied to satellite payloads, position, navigation and timing systems, secure communications, C4ISR, electronic warfare, missiles, UAVs, aircraft, GPS, energy exploration and wireline and wireless networks.
Updates also include financial results, backlog and order-book commentary, multi-year revenue targets, research and development priorities, and subsidiary activity at FEI-Zyfer and FEI-Elcom Tech. The company’s disclosures emphasize space-qualified atomic clocks, secure timing capabilities, RF and microwave products, and mission-critical systems for commercial, government and military customers.
Frequency Electronics (FEIM) reported record fiscal Q1 2027 revenue of $23.5 million, up 70% year-over-year and 52% sequentially, with operating margin above 22%.
For the three months ended July 31, 2026, revenue was $23.451 million versus $13.812 million a year earlier. Operating income rose to $5.2 million from $0.364 million, and net income increased to $4.216 million, or $0.41 per diluted share, from $0.634 million, or $0.07 per diluted share. Gross margin expanded to approximately 46%. Net cash provided by operating activities was about $3.0 million, compared with $1.2 million of cash used a year ago.
Funded backlog reached a record $129 million, up 82% year-over-year and 16% sequentially. Cash and cash equivalents increased to $61.4 million from $1.6 million at April 30, 2026, supported by a secondary offering that added approximately $73 million in cash. The company remained debt-free and reported stockholders’ equity of $119.8 million.
Frequency Electronics (FEIM) will hold a conference call to discuss first quarter fiscal 2027 results, for the period ended July 31, 2026, on Thursday, September 10, 2026, at 4:30 PM Eastern Time.
The call will be webcast via Issuer Direct and accessible through the Investor Relations section of www.freqelec.com. Investors and analysts can also join by dialing 888-506-0062 in the U.S. or 973-528-0011 internationally, using participant access code 582877. A telephone replay will be available for one week at 877-481-4010 (domestic) or 919-882-2331 (international), passcode 54512, with longer-term replay access via the company’s website through September 10, 2027.
Frequency Electronics (NASDAQ: FEIM) priced its previously announced underwritten public offering of 1,739,131 common shares at $57.50 per share, for total gross proceeds of about $100 million. The company is issuing 1,086,957 new shares, while Edenbrook Value Fund, LP and Edenbrook Long Only Value Fund, LP, affiliates of board member Jonathan Brolin, are selling 652,174 existing shares.
The offering is expected to close on July 30, 2026, subject to customary conditions. FEI granted underwriters a 30‑day option to buy up to 260,869 additional shares (15% of the base deal). According to the company, net proceeds to FEI will support growth opportunities, capital expenditures, working capital and general corporate purposes. FEI will not receive proceeds from selling stockholder shares. Morgan Stanley is lead book‑running manager and Craig‑Hallum is book‑running manager.
Frequency Electronics (NASDAQ: FEIM) has commenced a proposed underwritten public offering of $100 million of common stock. The company plans to offer $62.5 million of shares, while Edenbrook Value Fund, LP and Edenbrook Long Only Value Fund, LP, affiliates of board member Jonathan Brolin, will sell an aggregate of $37.5 million of shares as selling stockholders.
FEI also intends to grant underwriters a 30-day option to purchase up to an additional $15 million of shares from FEI. According to Frequency Electronics, net primary proceeds will fund growth opportunities, capital expenditures, working capital and general corporate purposes, while FEI will receive no proceeds from shares sold by the selling stockholders.
Frequency Electronics (NASDAQ: FEIM) announced a follow-on production contract valued at approximately $8 million for compact, highly precise atomic clocks that will provide position, navigation, and timing (PNT) support for lunar space missions. The award is for repeat business from an existing customer and follows an initial lunar PNT contract received about four months earlier.
According to the company, the atomic clocks are designed for high reliability and efficient, repeatable serial production, which management links to its planned gross margin expansion referenced in its July 15 earnings release. Frequency Electronics highlighted this order as part of its broader strategy to grow in larger addressable markets such as space exploration, proliferated satellites, quantum sensing, space defense, and alternative-PNT, while continuing to serve traditional space and defense programs.
Frequency Electronics (NASDAQ: FEIM) announced multiple new contracts with a combined value of approximately $18 million. The company received an $11 million award from a major aerospace prime contractor to supply an on-board precision frequency-generation system for a proliferated satellite program, marking FEI’s first contract with this customer and its second significant proliferated-satellite award in 2026.
According to Frequency Electronics, it also secured about $7 million in follow-on production contracts for space oscillators and non-space U.S. Government programs, which management indicates typically carry higher-than-average gross margins by leveraging prior engineering investments. The company reiterated expectations, discussed on its recent earnings call, that higher-rate production, increased revenue and follow-on orders could support gross margin expansion over the next three years.
Frequency Electronics (NASDAQ: FEIM) reported fiscal 2026 revenue of approximately $63.2 million, down from $69.8 million in 2025, and an operating loss of $3.0 million versus prior-year operating income of $11.7 million. Q4 2026 revenue was $15.4 million with an operating loss of $6.3 million.
The company ended April 30, 2026 with a record $111 million funded backlog, up 34% sequentially and 59% year over year. FEI reaffirmed a minimum revenue target of $150 million by fiscal 2029 (34% CAGR from 2026) and set new minimum margin targets of 50% gross and 30% operating by fiscal 2029.
Fiscal 2026 GAAP gross and operating margins were about 29% and (5)%, but on a non-GAAP adjusted basis would have been roughly 41% and 11%, reflecting exclusions for restructuring, one-time policy changes, engineering expansion and a manufacturing efficiency project. Operating cash flow improved to approximately $1.3 million from prior-year use of $1.4 million.
Frequency Electronics (NASDAQ: FEIM) will host its fiscal year 2026 financial results conference call on Wednesday, July 15, 2026, at 4:30 PM ET. The webcast is accessible via the company’s Investor Relations site, with domestic and international dial-in and replay options available.
Frequency Electronics (NASDAQ: FEIM) announced about $16 million in new U.S. Government contracts for oscillators and timing systems, including a move into space defense.
Fiscal year 2026 backlog at April 30 exceeded $100 million for the first time, supporting a long-term revenue target of at least $150 million within three years.
Frequency Electronics (NASDAQ:FEIM) set a new multi-year revenue target of $150 million in annual revenue by April 30, 2029 (end of Fiscal 2029). Management cited expanding backlog, larger end markets (quantum sensing, proliferated satellites, space exploration, A-PNT) and a debt-free balance sheet supporting the plan. The company said Fiscal 2026 was a year of digestion after pulling revenue into Fiscal 2025 and expects backlog conversion to drive growth beginning in Fiscal 2027.