New insider activity at Frequency Electronics ( (FEIM) ) has taken place on March 20, 2025.
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Director Russell Sarachek has made a significant move by purchasing 1,582 shares of Frequency Electronics stock, with the transaction valued at $24,710.
Recent Updates on FEIM stock
Frequency Electronics has reported record-breaking revenue and significant net income growth in its recent Q3 earnings call, driven by strong performance in space programs. The company achieved consolidated revenue of $49.8 million for the nine months ending January 31, 2025, marking the highest revenue quarter in a decade. Operating income rose significantly due to the completion of major milestones in a large space program. A substantial tax benefit also enhanced net income, which reached $20.5 million. Despite challenges such as a decline in non-space government revenue and a decrease in the backlog, the company’s strategic focus on high-growth markets like proliferated satellites and quantum sensing suggests a promising future. However, a decrease in cash reserves and a decline in contract liabilities were noted. Overall, Frequency Electronics is optimistic about its future prospects, aiming to diversify its customer base and maintain growth.
More about Frequency Electronics
YTD Price Performance: -16.81%
Average Trading Volume: 57,133
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $147.9M