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Frequency Electronics (FEIM)
NASDAQ:FEIM
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 10, 2024
|% Change Since: 48.71%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with record high backlog, significant revenue growth, and increased operating income and net income. The company's strategic focus on U.S. government space business and emerging markets like quantum sensors positions it for future growth. However, there were challenges with decreased non-space U.S. government revenues and increased SG&A and R&D expenses. Despite these challenges, the overall outlook remains optimistic.Company Guidance
During the Frequency Electronics Q2 2025 earnings call, the company provided robust guidance, highlighting significant growth across various financial metrics. The backlog reached an all-time high of $81 million, compared to $70 million in the previous quarter and $78 million at the end of the last fiscal year. Revenue for the first half of fiscal year 2025 reached $30.9 million, up from $26 million in the same period of the prior year. The U.S. government space business contributed over half of the revenue and operating income. Gross margin improved to 48%, driven by the completion of a major milestone in a large space program. R&D expenditures increased to 10% of revenue, up from 6% in the previous year, as the company invests in new product developments. Operating income for the six months ending October 31, 2024, was $5 million, compared to $3 million in the prior year. The company remains debt-free with a strong working capital position of approximately $23 million. Overall, Frequency Electronics is optimistic about its future growth prospects, particularly in the small satellite domain and quantum sensor market.Record High Backlog
The backlog reached an all-time high of $81 million, up from $70 million in the previous quarter and $78 million at the end of last fiscal year.
Significant Revenue Growth
Consolidated revenue for the six months ended October 31, 2024, was $30.9 million, compared to $26 million for the same period of the prior fiscal year, showing a substantial increase.
Strong U.S. Government Space Business
Revenue from commercial and U.S. government satellite programs increased to $17.7 million, or 57% of total revenue, compared to $9.5 million or 37% in the previous fiscal year.
Increased Operating Income
Operating income for the six months ended October 31, 2024, was $5 million, compared to $3 million in the prior year.
Growing Net Income
Consolidated net income for the six months was $5.1 million, or $0.53 per share, compared to $2.8 million or $0.30 per share in the previous fiscal year.
Successful Quantum Sensor Summit
The summit hosted in New York City attracted 88 attendees and positioned the company well for future growth in the quantum sensor market.
Debt-Free Financial Position
The company remains debt-free with a strong working capital position of approximately $23 million.
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FEIM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FEIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 10, 2024 | $12.79 | $16.70 | +30.57% |
| Sep 10, 2024 | $13.73 | $12.61 | -8.16% |
| Jul 22, 2024 | $9.32 | $12.68 | +36.05% |
| Mar 14, 2024 | $10.07 | $9.05 | -10.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Frequency Electronics (FEIM) report earnings?
Frequency Electronics (FEIM) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Frequency Electronics (FEIM) earnings time?
Frequency Electronics (FEIM) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FEIM EPS forecast?
Currently, no data Available
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