Frequency Electronics Q1 FY2027: Revenue Up 70%, Underwriters Exercise Full Option Adding $14.1M
FEIM has more than doubled off its 52-week low of $26.05 on elevated volume (1.9× avg).
Summary
Frequency Electronics reported Q1 FY2027 revenue of $23.5 million, up 70% YoY, with net income of $4.2 million. Underwriters exercised their full option, adding $14.1 million in net proceeds.
Key Events · Earnings and Guidance · FEIM
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Q1 Revenue Up 70% to $23.5M
Revenue increased 69.8% year-over-year to $23.45 million, driven by satellite revenue up 80% and government non-space revenue up 61%.
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Operating Income Surges to $5.2M
Operating income rose from $0.36 million to $5.2 million, with gross margin improving from 36.8% to 45.8%.
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Underwriters Exercise Full Option
On August 3, 2026, underwriters purchased 260,869 additional shares for gross proceeds of $15 million (net $14.1 million), bringing total company proceeds from the July offering to approximately $77.5 million.
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New $10M Credit Facility
Company entered into a three-year senior secured revolving credit facility with JPMorgan Chase on June 12, 2026, with no borrowings outstanding as of July 31, 2026.
Analysis · FEIM · Industrial Applications And Services
Frequency Electronics delivered a strong Q1 FY2027 with revenue up 70% year-over-year to $23.5 million and operating income of $5.2 million, a sharp turnaround from the prior year's $0.4 million. The company also disclosed that underwriters exercised their full option to purchase 260,869 additional shares, bringing total gross proceeds from the July offering to approximately $77.5 million for the company. A new $10 million credit facility with JPMorgan Chase provides additional liquidity, though no borrowings have been drawn. The stock trades near its 52-week high, reflecting the market's positive reception to the turnaround.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FEIM was trading at $85.50 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $955.7M. The 52-week trading range was $26.05 to $89.76. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.