Every 10-Q that Frequency Electronics, Inc. (FEIM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FEIM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FEIM filings page.
Frequency Electronics, Inc. (FEIM) delivered a sharply stronger quarter for the three months ended July 31, 2026, with revenue of $23.5 million, up 69.8% from a year earlier, and operating income of $5.2 million versus $0.4 million. Gross margin doubled to $10.8 million and the gross margin rate improved to 45.8% from 36.8%, driven by higher volumes and more profitable program mix across both FEI‑NY and FEI‑Zyfer.
Net income rose to $4.2 million (basic and diluted EPS $0.41) from $0.6 million (EPS $0.07), and the effective tax rate was 19.6%. Liquidity strengthened significantly: cash and cash equivalents increased to $61.4 million, working capital reached $90.2 million, and the current ratio improved to 5.3x. The company raised net proceeds of about $58.1 million from a July 2026 common stock offering, with an additional $14.1 million of option-share proceeds in the following quarter, and also has an undrawn $10.0 million senior secured revolving credit facility. Funded backlog grew to $129 million, about 67% of which is expected to convert to revenue within twelve months.
Frequency Electronics, Inc. reported weaker results for the quarter and nine months ended January 31, 2026. Quarterly revenue fell to $16.9 million from $18.9 million, and operating income dropped to $1.3 million from $3.5 million as gross margin and margin rate declined.
Net income for the quarter was $1.6 million, or $0.16 per share, versus $1.60 a year earlier, when results were boosted by a large tax benefit. For the nine months, revenue slipped to $47.8 million and operating income to $3.3 million, while net income was $4.0 million.
The business mix shifted sharply from satellite work toward higher U.S. government non-space revenue, and selling and administrative costs rose as the company invested in growth initiatives, including quantum sensing. Despite lower cash, working capital improved and funded backlog increased to about $83 million, with most expected to convert within a year.
Frequency Electronics, Inc. reported higher quarterly revenue but sharply lower profitability for the quarter ended October 31, 2025. Revenue rose to $17.1 million from $15.8 million, driven mainly by growth in non-space U.S. Government/DoD business at the FEI-Zyfer segment, while satellite revenues declined. Gross margin fell to 38.2% from 48.2%, and net income declined to $1.8 million (basic and diluted EPS $0.18) from $2.7 million (EPS $0.28).
Over the first six months of fiscal 2026, revenue was essentially flat at $30.9 million, but operating income dropped to $2.1 million from $5.0 million and net income fell to $2.4 million from $5.1 million, as gross margin compressed to 37.5% from 46.3% and SG&A increased. The company ended October 31, 2025 with $31.3 million of working capital and $3.0 million of cash and cash equivalents, a funded backlog of about $82 million versus $70 million at April 30, 2025, and a new $20.0 million share repurchase authorization under which approximately $0.4 million had been used.