FEIM Stock Climbs 34% as Q1 Earnings Surge Year Over Year
Frequency Electronics (FEIM) shares rose 34% after Q1 earnings surged to 41 cents per share, up from 7 cents a year earlier. Revenue grew 70% to $23.5 million, with net income increasing to $4.2 million. The company reported a record backlog of $129 million and a book-to-bill ratio of 1.76:1. Management remains optimistic about growth in space and defense markets, reiterating a revenue target of $150 million by fiscal 2029.



