FREQUENCY ELECTRONICS INC — Form 8-K
Filed July 15, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
FEI reported FY2026 revenue of $63.2M (down 10% YoY) but funded backlog surged to $111M (up 59% YoY, 34% sequentially). Company established three-year targets: minimum $150M revenue by FY2029 (34% CAGR), 50% gross margin, and 30% operating margin. FY2026 included $3.8M inventory write-down from FEI-Elcom restructuring and transformational hiring/manufacturing investments; on a GAAP basis, reported operating loss of $3.0M for full year, but adjusted operating income of $2.7M excluding non-recurring items.
Why this rating
Backlog of $111M is 151% of market cap; 34% CAGR to $150M is transformational trajectory. Near-term reported losses and restructuring are temporary; adjusted metrics and backlog visibility are strong. Material relative to $73.4M company size.
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