The firm recorded a loss of $0.50 per share for the quarter. This result was below analyst expectations and represented a 247.1 percent decline from the previous year.
Frequency Electronics disclosed quarterly revenue of $15.40 million. This figure was below analyst forecasts of $18.58 million and reflected a 23.0 percent decrease from a year earlier.
The company reaffirmed its minimum revenue target of $150 million by Fiscal 2029. Starting in Fiscal 2027, Frequency Electronics plans to begin demonstrating a multi-year path to higher margins, with a minimum gross margin target of 50 percent and a minimum operating margin target of 30 percent by Fiscal 2029.
FEI President and CEO, Tom McClelland, commented, “As we have mentioned before, Fiscal 2026 was a year of digestion from a revenue standpoint, as we pulled forward some revenue into last year’s Fiscal 2025. But it was also a critically important year for the future of Frequency as we significantly expanded our funded backlog, giving us excellent visibility into coming growth.”
