Business UpdateApr 30, 2026, 04:03 PM
FEIM Targets $150M Revenue by FY29; >30% CAGR
AI Summary
Frequency Electronics, Inc. (FEIM) has set a new minimum revenue target of $150 million by the end of its fiscal year 2029 (April 30, 2029). This represents a significant acceleration in revenue growth with a compound annual growth rate exceeding 30%. The company attributes this confidence to an expanding backlog, order book, and larger end-markets, despite Fiscal 2026 being a year of revenue digestion. FEI expects backlog growth to translate into revenue growth starting in Fiscal 2027.
Key Highlights
- Establishes minimum revenue target of $150 million by April 30, 2029 (end of FY29).
- Projects compound annual growth rate (CAGR) north of 30% to reach the target.
- Reports all-time high funded backlog, which continued to build in Q4 FY26.
- Expects backlog growth to translate into revenue growth in Fiscal 2027.
- Maintains a debt-free balance sheet with sufficient cash generation.
- Identifies growth drivers: quantum sensing, proliferated satellites, space exploration, alternative PNT.