FEIM 10-Q Filings - Frequency Electronics, Inc. SEC 10-Q
Frequency Electronics, Inc. (FEIM) reported a strong quarter ended July 31, 2026, with revenue up 69.8% YoY to $23.5M, operating income $5.2M, and net income $4.2M. Gross margin doubled to 45.8%. Liquidity improved with cash at $61.4M and working capital at $90.2M. The company raised $58.1M from a stock offering and has a $10M credit facility. Funded backlog grew to $129M, with 67% expected to convert within a year.
How this was made
The 30-second read
Why it matters
The earnings beat and capital raise could trigger buying interest, but investors should watch backlog conversion and cost structure.
Market read
Micro‑cap earnings release with strong top‑line growth and new financing; relevant for traders targeting small‑cap defense stocks.
What to watch
Backlog conversion risk and potential funding dilution from recent equity raise.
Background
Frequency Electronics, Inc. (FEIM) filed its Form 10‑Q covering the quarter ended July 31, 2026, providing detailed financials and recent financing activity.
Ticker impact
FEIM reported Q2 2026 revenue of $23.5M, up 69.8% YoY, and net income of $4.2M, plus a $58.1M equity raise.
Potential short-term price appreciation as investors digest earnings beat and new cash.
Revenue growth and improved margins exceed prior expectations; fresh cash gives runway for growth initiatives.
Market effects
Highlights strength in U.S. government non‑space contracts, may benefit peers in defense electronics.
Positive for small‑cap U.S. tech stocks.
Limited to niche defense/electronics segment.
Counterpoint
Revenue surge may be unsustainable; higher costs and reliance on government contracts could pressure margins.
Key entities
- CompanyFrequency Electronics, Inc.
U.S. listed electronics and defense contractor.
