EX-99.1 2 feimex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE Frequency Electronics, Inc. Announces First Quarter of Fiscal Year 2027 Financial Results ● Announces Record Quarterly Revenue of $23.5 Million, Up 70% Year-over-Year and 52% Sequentially ● Announces Record $129 Million Funded Backlog, up 82% Year-over-Year and 16% Sequentially ● Strong Operating Leverage Demonstrated, with Operating Margin North of 22% Mitchel Field, NY, September 10, 2026 - Frequency Electronics, Inc. (“FEI,” “Frequency,” the “Company,” “we” or “us”) (NASDAQ-FEIM) today announced its financial results for the first quarter of fiscal year 2027. FEI President and CEO, Tom McClelland, commented, “I am very pleased to report first quarter revenue of $23.5 million, an all-time record for FEI, up 70% year-over-year and up 52% sequentially. As we told you on our fourth quarter 2026 earnings call in July, we expect to return to growth starting in this current fiscal 2027, and this first quarter is a strong proof point of that. Further, this performance gives us increasing confidence in our ability to meet or exceed the $150 million or more in annual revenue that we previously guided to by Fiscal…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Frequency Electronics, Inc.
FEIMNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On September 10, 2026, Frequency Electronics, Inc. (the “Company”) issued a press release (the “Press Release”) announcing its financial results for the quarter ended July 31, 2026. A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.…
Company context
Frequency Electronics, Inc. (FEI) is a world leader in precision time and frequency generation technology, which is incorporated into commercial and U.S. Government satellites, Command, Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance (“C4ISR”), and Electronic Warfare (“EW”) systems. Its technology is used for a wide range of space and non-space applications. FEI has received over 100 awards of excellence for achievements in providing high performance electronic assemblies for over 150 space and DOW programs. The Company invests significant resources in research and development to expand its capabilities and markets.