Frequency Electronics, Inc. (FEIM) reported a fourth-quarter net income of 34 cents per share for the period ending April 30, 2025, compared to 28 cents per share in the same quarter the previous year. The company’s revenues reached $20 million, reflecting a 28.3% increase from $15.6 million a year earlier. Despite these record financial results, FEIM shares have declined 10.4%, while the S&P 500 index gained 0.5% in the same time frame.
For fiscal 2025, FEIM’s revenue totaled $69.8 million, a 26.3% rise from $55.3 million in fiscal 2024, with net income substantially increasing to $23.8 million or $2.48 per share from $5.6 million or 59 cents per share. Satellite payloads contributed $40.9 million, accounting for 59% of total revenue, although backlog decreased to $70 million from $78 million year-over-year.
CEO Thomas McClelland highlighted the fourth quarter as the company’s highest-revenue quarter in 25 years, attributing it to strong contract execution despite cautioning on variability in future results. The company’s involvement in GPS IIIF and plans for a Quantum Sensing Summit in New York City on October 29-30, 2025, reflects its strategic positioning in emerging markets.
