
FEIM's growing backlog, surging revenues and strong defense demand bolster its growth outlook, while manufacturing challenges and rising costs pose risks.
Frequency Electronics, Inc. designs, develops, manufactures and sells precision frequency and time control products and components for microwave integrated circuit applications. The company is headquartered in Mitchel Field, New York.
| Revenue (TTM) | $72.87M |
| Gross Profit (TTM) | $27.86M |
| EBITDA | $7.74M |
| Operating Margin | 22.20% |
| Return on Equity | 3.04% |
| Return on Assets | 3.06% |
| Revenue/Share (TTM) | $7.35 |
| Book Value | $10.93 |
| Price-to-Book | 5.09 |
| Price-to-Sales (TTM) | 9.32 |
| EV/Revenue | 7.63 |
| EV/EBITDA | 298.93 |
| Quarterly Earnings Growth (YoY) | 529.00% |
| Quarterly Revenue Growth (YoY) | 69.80% |
| Shares Outstanding | $11.27M |
| Float | $8.85M |
| % Insiders | 11.47% |
| % Institutions | 68.07% |
Volatility is currently expanding

FEIM's growing backlog, surging revenues and strong defense demand bolster its growth outlook, while manufacturing challenges and rising costs pose risks.

MITCHEL FIELD, N.Y., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Today, Frequency Electronics, Inc. (Nasdaq: FEIM) (“FEI” or the “Company”) announced the election of Allen Kaplan as its new Chief Financial Officer (CFO), effective November 1, 2026. As CFO, Mr. Kaplan will join the Company's senior executive leadership team and will report directly to President and Chief Executive Officer (CEO) Tom McClelland.

Frequency Electronics is rated a buy, driven by robust defense and satellite demand and a successful shift to high-rate, standardized production. FEIM reported Q1 FY27 revenue of $23.5M (+70.2% Y/Y), EPS of $0.41, and a record backlog of $129M, signaling strong operational momentum. Defense programs, especially missile replenishment contracts, and satellite sector expansion underpin FEIM's multi-year growth runway.

Frequency Electronics delivered a sharp Q1 recovery, with revenue up 70% YoY and margins rebounding strongly. FEIM's record $129M backlog and 1.76x book-to-bill ratio support more growth as satellite and defense programs scale. I upgrade FEIM to Buy, viewing it as a GARP opportunity despite a premium 8x forward EV/Sales valuation and little room for execution error.

Frequency Electronics is converting a larger defense and satellite order book into stronger revenue and operating margins. They have new satellite, lunar, and alternative navigation contracts that should give their established timing technology more growth verticals. Their robust balance sheet also supports their expansion plans, although I think good execution will be key to keep their margins healthy.

FEI's fiscal Q1 earnings per share grows year over year, fueled by stronger satellite and defense demand. Backlog and margins improved sharply, and management reiterated its fiscal 2029 targets.

Frequency Electronics, Inc. (FEIM) Q1 2027 Earnings Call Transcript

� Announces Record Quarterly Revenue of $23.5 Million, Up 70% Year-over-Year and 52% Sequentially · Announces Record $129 Million Funded Backlog, up 82% Year-over-Year and 16% Sequentially · Strong Operating Leverage Demonstrated, with Operating Margin North of 22% MITCHEL FIELD, N.Y., Sept. 10, 2026 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI,” “Frequency,” the “Company,” “we” or “us”) (NASDAQ-FEIM) today announced its financial results for the first quarter of fiscal year 2027.

MITCHEL FIELD, N.Y., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the first quarter of its fiscal year 2027, ended July 31, 2026, on Thursday, September 10, 2026, at 4:30 PM Eastern Time.

MITCHEL FIELD, N.Y., July 28, 2026 (GLOBE NEWSWIRE) -- Today, Frequency Electronics, Inc. (NASDAQ: FEIM) (“FEI” or the “Company”) announced the pricing of its previously announced underwritten public offering of 1,739,131 shares of its common stock at a public offering price of $57.50 per share for total gross proceeds of approximately $100 million. FEI is offering 1,086,957 shares, and Edenbrook Value Fund, LP and Edenbrook Long Only Value Fund, LP, affiliates of Jonathan Brolin, a member of our board of directors, are offering a total of 652,174 shares as selling stockholders. The offering is expected to close on July 30, 2026, subject to customary closing conditions. In addition, FEI has granted the underwriters a 30-day option to purchase from FEI up to an additional 260,869 shares of common stock, equal to 15% of the common stock sold in the public offering, at the public offering price, less underwriting discounts and commissions. FEI expects to use the net proceeds it receives from the offering to fund additional growth opportunities, including for capital expenditures, working capital and other general corporate purposes. FEI will not receive any proceeds from the sale of any shares of common stock by the selling stockholders.
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