Quarterly ResultSep 14, 2026, 05:17 PM
Frequency Electronics Q2 Revenue $23.45M, Net Income $4.22M
AI Summary
Frequency Electronics, Inc. reported a strong second quarter for fiscal year 2027, with revenues increasing by 69.8% to $23.45 million compared to the prior year. Net income rose to $4.22 million, or $0.41 per diluted share, a significant improvement from $0.63 million, or $0.07 per diluted share, in the same period last year. The company also successfully completed a public offering, raising substantial net proceeds, and saw significant growth across both its FEI-NY and FEI-Zyfer segments. Cash position improved dramatically due to the financing activities.
Key Highlights
- Frequency Electronics reported Q2 FY27 revenue of $23.45M, a significant increase from $13.81M in Q2 FY26.
- Net income for Q2 FY27 was $4.22M, or $0.41 per diluted share, compared to $0.63M, or $0.07 per diluted share, in Q2 FY26.
- Operating income surged to $5.20M in Q2 FY27 from $0.36M in Q2 FY26.
- The company completed a public offering on July 30, 2026, raising approximately $58.1M in net proceeds.
- FEI-NY segment revenue increased to $17.59M from $10.35M YoY, while FEI-Zyfer segment revenue grew to $6.96M from $3.72M YoY.
- Cash and cash equivalents increased substantially to $61.41M as of July 31, 2026, from $1.60M as of April 30, 2026.
Price Impact
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