Frequency Electronics, Inc. reported revenues of approximately $20.0 million for the three months ended April 30, 2025, marking the highest revenue quarter for the company in the past twenty-five years. Full fiscal year 2025 revenue increased by 26.3% to $69.8 million, up from $55.3 million in fiscal year 2024.
Operating income for the fourth quarter was $3.3 million, and for the full fiscal year, it more than doubled to $11.7 million from $5.0 million in FY2024. Net income for FY2025 was a robust $23.8 million, or $2.48 per diluted share, significantly higher than $5.6 million, or $0.59 per diluted share, in FY2024, bolstered by an $11.54 million income tax benefit.
The company's backlog stood at approximately $70 million as of April 30, 2025, with about 64% expected to convert into revenue during fiscal year 2026. Management highlighted strong execution that allowed some FY26 programs to generate revenue and profit in FY2025. R&D expenditures increased to $6.08 million in FY2025, reflecting continued investment in new products like the TURbO atomic clock and quantum sensors.
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