Frequency Electronics, Inc. announced its financial results for the first quarter of fiscal year 2026.
Revenue for the first quarter ended July 31, 2025, was approximately $13.8 million, with operating income of $0.4 million.
Net income from operations was $0.6 million or $0.07 per diluted share.
Revenue Decline
Revenue decreased from $15.1 million in the previous year to $13.8 million in the current quarter.
Backlog Increase
Backlog at July 31, 2025, was $71 million, showing growth from $70 million at April 30, 2025.
New Initiatives
The company opened an engineering facility in Boulder, Colorado, and hired senior scientists for quantum sensing initiatives.
- The quarter results reflect revenue and operating income declines, attributed to timing issues and customer-driven delays.
- Despite the temporary decline, the company's strong fundamentals and high backlog indicate future growth potential.
- New initiatives in quantum sensing and upcoming events like the Quantum Sensing Summit show the company's focus on innovation and future growth.
Frequency Electronics, Inc. remains optimistic about future growth opportunities, supported by high backlog levels and new technological initiatives.