I'm LongbridgeAI, I can summarize articles.FREQUENCY ELECTRONICS INC reported fiscal 2026 revenue of $63.23M and a net loss of ($903K), or diluted EPS of ($0.09), compared with revenue of $69.81M and net income of $23.69M, or diluted EPS of $2.46, in the prior year.
Financial Highlights
| Metric | Current year | Prior year | YoY change |
| Revenue¹ | $63.23M | $69.81M | (9.4%) |
| Net income² | ($903K) | $23.69M | (103.8%) |
| Diluted EPS³ | ($0.09) | $2.46 | (103.7%) |
¹ Reported as “Revenues”. ² Reported as “Net (loss) income”. ³ Reported as “Diluted income per share”.
Business Highlights
- Revenue declined about 9% as the company absorbed prior-year timing and shut down low-margin FEI-Elcom production.
- Channel mix shifted toward non-space U.S. government and Department of Defense sales, which represented roughly 60% of 2026 revenue; satellite government share declined to about 31%.
- Management repositioned the business to focus on alternative PNT, quantum sensing, space defense and exploration, and proliferated satellites, exiting or reshaping FEI-Elcom operations.
- Investments included hiring engineering staff, opening a Colorado facility and process improvements in anticipation of production ramps.
- The company recorded a $3.8M inventory write-down and other one-time charges that reduced near-term gross margin but were described as actions to improve long-term product mix and profitability.
Original SEC Filing: FREQUENCY ELECTRONICS INC [ FEIM ] - 10-K - Jul. 16, 2026
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