Frequency Electronics FY26 net loss swings to $903,000; revenue falls 9.43% to $63.23 million
I'm LongbridgeAI, I can summarize articles.Frequency Electronics reported a FY26 net loss of $903,000 with revenue declining 9.43% to $63.23 million. Q4 saw a $4.91 million loss and a 22.96% revenue drop. However, funded backlog reached a record $111 million. The company set FY29 targets for $150M revenue and expects growth starting Q1 FY27 after restructuring FEI-Elcom.
- Frequency Electronics posted a net loss of $4.91 million, or $0.50 a share, in Q4 fiscal 2026, turning from profit a year earlier. * Revenue fell 22.96% to $15.4 million, while operating results swung to a $6.35 million loss. * Funded backlog climbed to a record $111 million, up 34% sequentially and 59% from a year earlier. * Set targets for fiscal 2029: at least $150 million in revenue, 50% gross margin, 30% operating margin. * Restructured the FEI-Elcom unit, taking a $3.8 million inventory write-down; management said fiscal 2027 revenue growth should start in Q1. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Frequency Electronics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607151601PRIMZONEFULLFEED9762990) on July 15, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)