Frequency Electronics, Inc. reported revenues of approximately $15.8 million for the three months ended October 31, 2024, an increase from $13.6 million in the same period of fiscal year 2024. Operating income for the quarter was $2.6 million, up from $0.9 million year-over-year.
Net income from operations for the second quarter of fiscal year 2025 reached $2.7 million, or $0.28 per diluted share, a significant rise from $0.8 million, or $0.08 per diluted share, in the prior year's quarter. The company's backlog reached an all-time high of $81 million, compared to $78 million at the end of the last fiscal year.
Gross margins for the quarter stood at 48%, reflecting successful efforts in obtaining and delivering high-quality work on heritage satellite programs. The company also noted increased internal R&D expenditures, representing 10% of revenue, to support its competitive position in quantum sensing and proliferated small satellites.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.