Frequency Electronics, Inc. (NASDAQ: FEIM) had exceptional financial performance in the second quarter of fiscal year 2025. And that is propelling FEIM shares on the US stock charts today, sending them up 33.31% to $17.05 as of the last check.
Exceptional Financial Performance
Frequency Electronics (FEIM) reported quarterly revenue of approximately $15.8 million and a six-month total of $30.9 million. Net income for the respective periods stood at $2.7 million ($0.28 per diluted share) and $5.1 million ($0.53 per diluted share). Gross margins of 48% for the quarter and 46% for the first half underline operational efficiency and profitability.
Record-High Backlog
FEIM’s order backlog reached a record $81 million, surpassing the $70 million reported at the close of the first quarter and the $78 million recorded at the end of the previous fiscal year. This robust backlog reflects sustained growth in Frequency Electronics’ core business sectors. The ongoing execution of key contracts secured over the last two years has significantly bolstered financial results and operational stability.
Advancing Quantum Sensor Technology
Frequency Electronics is leveraging its expertise to capitalize on the rapidly evolving quantum sensor market. The business organized a successful ‘Quantum Sensor Summit’ in New York City in October, which brought together specialists from across the world to talk about developments in this exciting sector. The occasion reaffirmed Frequency Electronics’ dedication to innovation and established the business as a major force in the advancement of quantum technology.
Putting Money Into Innovation and Growth
A balanced approach to development finance is part of the company’s strategy, which combines significant increases in internal R&D spending with external collaborations. 10% of sales is currently spent on R&D, demonstrating a proactive strategy to stay competitive.
Despite heightened investments, Frequency Electronics remains debt-free and confident in its ability to achieve sustainable, profitable growth. FEIM’s success in blending heritage satellite projects with new, cutting-edge developments ensures a promising future.
