Frequency Electronics, Inc. reported revenues of approximately $18.9 million for the three months ended January 31, 2025, an increase from $13.7 million in the same period of fiscal year 2024. Operating income for the quarter was $3.5 million, a significant improvement from an operating loss of $0.5 million in the prior year's quarter.
Net income from operations for the third quarter of fiscal year 2025 was $15.4 million, or $1.60 per diluted share, compared to $0.1 million, or $0.01 per diluted share, in the third quarter of fiscal year 2024. The company maintained strong gross margins at 44% for the quarter and 45% for the first nine months of fiscal year 2025.
R&D expenditures increased to 9% of revenue for the first nine months of FY2025, supporting product development for the proliferated satellite market and quantum sensors. The company noted its backlog remains at a historically high level, indicating continued business opportunities, while also acknowledging potential impacts from changes in government funding.
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