Frequency Electronics Q1 revenue rises 70% to record high
Frequency Electronics said Q1 revenue rose 70% to a record high, attributing the result to expansion in the space and defense market.
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08:15:55 PM UTC
SquawkNews
Frequency Electronics reported record first-quarter fiscal 2027 revenue of $23.5 million, up 70% year-over-year and 52% sequentially, driven by stronger orders and a larger addressable market. The company recorded operating income of $5.2 million and net income of $4.2 million, or $0.41 per diluted…
5 million, rising 70% from a year earlier and 52% from the prior quarter. The company said stronger orders and a larger addressable market drove the result. 41 per diluted share.