Financial Performance - For the three and nine months ended January 31, 2025, revenues were approximately 49.8 million, representing increases of 38.6% and 25.5% compared to 39.7 million for the same periods in fiscal year 2024[2] - Operating income for the three and nine months ended was 8.5 million, compared to an operating loss of 2.5 million for the same periods in fiscal year 2024[2] - Net income from operations for the three and nine months ended was 1.60 per diluted share and 2.14 per diluted share, compared to 0.01 per diluted share and 0.32 per diluted share for the same periods in fiscal year 2024[2] Margins and Expenditures - Gross margins were 44% for the quarter and 45% for the first nine months of FY2025, reflecting the company's efforts to deliver high-quality work[3] - R&D expenditures increased to 9% of revenue for the first nine months of FY2025, as the company expands its competitive capabilities in the proliferated satellite market and quantum sensors[4] Revenue Sources - Revenues from satellite payloads accounted for approximately 28.8 million or 58% of consolidated revenues for the three and nine months ended January 31, 2025, compared to 16.3 million or 41% for the same periods in the prior fiscal year[5] Backlog and Debt - The backlog at January 31, 2025 was approximately 78 million at April 30, 2024[5] - The company remains debt-free and is confident in its ability to invest for profitable growth while maintaining flexibility for shareholder-oriented initiatives[4] Future Outlook - The company anticipates continued profitability and higher, more consistent margins going forward despite potential delays in contract awards due to changes in government funding[3] - The company is focused on diversifying its customer base and end-market exposure, particularly in smaller satellite programs and quantum sensing[3]
Frequency Electronics(FEIM) - 2025 Q3 - Quarterly Results