Filing Flows › Frequency Electronics (FEIM) › Q3 FY25
Frequency Electronics (FEIM) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 17, 2025
Frequency Electronics (FEIM) reported revenue of $18.9M for the third quarter fiscal 2025 (Q3 FY25), +38% from a year earlier and +20% from the quarter before. Operating margin was 18.3%, net earnings $15.4M (81.4% of revenue).
Frequency Electronics, Q3 FY25: revenue $18.9M (+38% year over year), operating margin 18.3%, net earnings $15.4M, operating cash flow −$3.6M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.9M | +20% | +38% |
| Gross profit | $8.3M | +9% | +167% |
| Operating profit | $3.5M | +33% | — |
| Net earnings | $15.4M | +480% | 118× |
| Operating cash flow | −$3.6M | — | — |
What changed
Revenue was $18.9M in Q3 FY25, up 38% year over year and up 20% from the previous quarter. Satellite Revenue was the largest line at 59% of revenue. Satellite Revenue added $4.4M year over year (up 64%), 84% of the total change. Other Commercial Industrial Revenue declined 60%.
Gross margin was 43.8%, up 21.1 points from a year earlier. Operating profit was $3.5M, a 18.3% margin (up 21.8 points year over year). Operating expenses grew 35% against revenue growth of 38%. The fastest-growing cost line was Research & development (+50%). Net earnings were $15.4M, up 11750% year over year. The tax line was a benefit of $11.8M on pre-tax earnings of $3.6M.
Operating cash flow was −$3.6M. Non-cash charges added back $458K of depreciation and amortization. Working capital and other items used $19.5M. Capital expenditures of $329K exceeded it, leaving free cash flow of −$4.0M.
Questions
What was Frequency Electronics' revenue in the third quarter fiscal 2025?
Frequency Electronics (FEIM) reported revenue of $18.9M for the third quarter fiscal 2025 (Q3 FY25), +38% from a year earlier and +20% from the quarter before.
Was Frequency Electronics profitable in the third quarter fiscal 2025?
Operating profit was $3.5M (18.3% of revenue) and net earnings $15.4M.