Frequency Electronics Inc. reported its financial results for the fiscal year ending April 30, 2025. The company saw an increase in revenues, with FEI-NY contributing 76.3% and FEI-Zyfer 26.7%. However, revenues from non-space U.S. Government/DOD customers decreased by approximately $2.4 million, an 8% decline compared to the previous fiscal year. These government-related revenues accounted for approximately 38% of consolidated revenues in 2025, down from 52% in 2024. The company reported a significant increase in net income, which rose to 33.9%, up from 10.1% in the previous year. Gross profit also improved, rising to $30.1 million, a 62% increase from the $18.6 million reported in the prior year. The gross profit percentage increased from 33.6% to 43.1%. This improvement was attributed to higher margins in the FEI-NY segment due to favorable adjustments and progress in traditional space programs. There is no specific outlook or guidance provided in the document regarding future earnings or operations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.