Overview

* Frequency Electronics ( FEIM ) reports fiscal Q4 revenue of $20 mln, highest in 25 years

* Pretax profit beats analyst's expectation, per LSEG data

* Company sees medium to long-term growth potential despite short-term unpredictability

Outlook

* Co sees growth potential in quantum sensing market, investing in R&D for new products

* Anticipates unpredictable short-term impact from space architecture changes

* Company investing in quantum sensor applications, per CEO Tom McClelland

* Cautions against expecting near-term replication of recent performance

Result Drivers

* REVENUE GROWTH - Fourth quarter revenue reached $20 million, highest in 25 years, driven by strong execution on several programs, per CEO Tom McClelland

* SATELLITE PAYLOADS - Revenue from satellite payloads increased to 60% of total revenue, up from 44% in the prior year

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 $20 mln

Revenue

Q4 Net $3.31

Income mln

Q4 Beat $3.21 $3.16

Pretax mln mln (1

Profit Analyst)

Q4 $3.28

Operatin mln

g Income

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the electrical components & equipment peer group is "buy"

* Wall Street's median 12-month price target for Frequency Electronics Inc ( FEIM ) is $27.00, about 15.8% above its July 9 closing price of $22.75

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)