Core Insights - The conference is focused on Electro Optic Systems (EOS), an Australian stock-listed company with global operations [1][2] - EOS has a significant presence in the U.S., UAE, Singapore, and plans to expand into Europe, including the U.K., Netherlands, France, and Germany [2] Company Background - EOS originated as a research institute owned by the Australian government in the 1970s, was privatized in the 1980s, and went public in the early 2000s [3] - The company has been driven by scientific excellence, innovation potential, and a substantial backlog of intellectual property [3] - In the previous year, EOS reported a revenue exceeding EUR 200 million [3] Recent Developments - EOS divested its EM Solutions business, which focused on satellite communication, as it did not align with the overall company strategy [4] - Due to this divestment, revenue is expected to decrease this year, but there are expectations for recovery in the following year [4]

Financial Data and Key Metrics Changes - The company reported revenue of $17.1 million for the second quarter, representing a 24% sequential increase and the third highest quarterly revenue in the past decade [3][12] - Consolidated net income for the quarter was approximately $1.8 million, or $0.18 per share, compared to approximately $2.7 million, or $0.28 per share for the same period of the previous fiscal year [17] - The fully funded backlog at the end of the quarter was approximately $82 million, up from approximately $70 million at the previous fiscal year end [18] Business Line Data and Key Metrics Changes - Revenue from commercial and U.S. government satellite programs was approximately $4.6 million, down from $9.4 million in the same period of the prior fiscal year [12] - Revenue from non-space U.S. government and Department of Defense customers was $11.9 million, up from $5.8 million in the same period of the prior fiscal year, accounting for approximately 69% of consolidated revenue [13] - Other commercial industrial revenues were approximately $560,000, slightly down from approximately $591,000 in the prior fiscal year [14] Market Data and Key Metrics Changes - The company anticipates significant growth in sectors such as quantum sensing, proliferated satellites, and alternative position navigation and timing (ALT-PNT) programs [5][6] - The defense business is expected to grow sharply, driven by increasing defense spending, particularly in missiles and modernization initiatives [9] Company Strategy and Development Direction - The company aims to layer new growth opportunities on top of a strong and growing core business, focusing on next-generation defense technologies and strategic partnerships with major prime contractors [7][8] - The company is actively pursuing opportunities in international markets, although export controls present challenges [71][72] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth prospects in both defense and space sectors, independent of political changes [59] - The company is in a cautious hiring mode, preparing for anticipated business growth while managing costs effectively [47] Other Important Information - The company is debt-free and maintains a strong working capital position of approximately $31 million, with a current ratio of approximately 2.6 to 1 [18] - The company plans to continue investing in R&D to keep its products at the state of the art, despite a decrease in R&D expenses for the quarter [16] Q&A Session Summary Question: Can you provide details on the Golden Dome Awards? - Management indicated that specifics are still being defined, but they anticipate participation in various aspects of the program, particularly in ground-based and space-based missile defense [22][24] Question: What activities are ongoing in Colorado operations? - The focus in Colorado is on quantum technology and low-phase noise oscillator technology, with several senior scientists hired from NIST [25][26] Question: Will margins normalize in the near term? - Management expects margins to normalize as program requirements have been cleared up and new contracts are anticipated [36] Question: How do you view the growth opportunities irrespective of political control? - Management believes growth in space and defense sectors is largely independent of political changes, driven by technological advancements and global security needs [58][59] Question: Is there potential for Turbo in commercial drones? - Management sees potential in both military and commercial applications, but anticipates more immediate opportunities in military [63][64] Question: What is the status of international business? - The company has active programs with allies but faces challenges due to export controls and a preference for domestic suppliers in defense contracts [71][72]

Financial Data and Key Metrics Changes - The company reported revenue of $17.1 million for the second quarter, up 24% sequentially, marking the third highest quarter of revenue in the past decade [3][12] - Consolidated net income for the quarter was approximately $1.8 million, or $0.18 per share, compared to approximately $2.7 million, or $0.28 per share for the same period of the previous fiscal year [17] - The fully funded backlog at the end of October 2025 was approximately $82 million, up from approximately $70 million for the previous fiscal year [18] Business Line Data and Key Metrics Changes - Revenue from commercial and U.S. government satellite programs was approximately $4.6 million, or 27%, down from $9.4 million, or 59%, in the same period of the prior fiscal year [12] - Revenue from non-space U.S. government and Department of Defense customers was $11.9 million, accounting for approximately 69% of consolidated revenue, compared to 37% for the prior fiscal year [13] Market Data and Key Metrics Changes - The company anticipates significant growth in sectors such as quantum sensing, proliferated satellites, and alternative position navigation and timing (ALT-PNT) programs, which are expected to contribute to future revenue growth [5][6] - The defense business is experiencing a boom, with increased spending anticipated in missiles, munitions, and modernization initiatives [9] Company Strategy and Development Direction - The company is focusing on expanding its core business while also pursuing new growth opportunities in emerging markets [7] - Strategic partnerships with major prime contractors are crucial for current and future business, providing an advantageous position on many programs [8] - The company is actively hiring senior scientists in Colorado to enhance its capabilities in quantum technology and low-phase noise oscillator technology [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a strong multi-year growth period, supported by a significant backlog and ongoing business development [3][10] - The company believes that defense spending will remain robust regardless of political changes, driven by global security concerns [59] Other Important Information - The company is debt-free and maintains a strong working capital position of approximately $31 million, with a current ratio of approximately 2.6-1 [18] - The company plans to continue investing in R&D to keep its products at the state of the art, despite fluctuations in R&D expenditures [16] Q&A Session Summary Question: Can you provide details on the Golden Dome Awards? - Management indicated that specifics are still being defined, but they anticipate participation in various aspects of the program, particularly in ground-based and space-based missile defense [22][24] Question: What activities are ongoing in Colorado? - The focus in Colorado is on quantum technology and low-phase noise oscillator development, with several senior scientists hired from NIST [25][26] Question: Will margins normalize in the near term? - Management confirmed that they expect margins to normalize as program requirements have been cleared up and new contracts are anticipated [36] Question: How does the company view growth opportunities irrespective of political changes? - Management believes that growth in the space business is driven by technology rather than politics, and defense spending will likely remain stable due to global security concerns [58][59] Question: Is there potential for TURbO in commercial drones? - Management sees potential for TURbO in both military and commercial applications, but anticipates more immediate opportunities in military [63][64] Question: What is the status of international business? - The company has some significant business overseas and is actively pursuing additional opportunities, though export controls present challenges [71][72]

Financial Data and Key Metrics Changes - The company reported revenue of $17.1 million for Q2 fiscal 2026, representing a 24% sequential increase and the third highest quarterly revenue in the past decade [3][11] - Consolidated net income for the quarter was approximately $1.8 million, or $0.18 per share, compared to approximately $2.7 million, or $0.28 per share for the same period of the previous fiscal year [15] - The fully funded backlog at the end of October 2025 was approximately $82 million, up from approximately $70 million at the previous fiscal year-end [16] Business Line Data and Key Metrics Changes - Revenue from commercial and U.S. government satellite programs was approximately $4.6 million, down from $9.4 million in the same period of the prior fiscal year [11] - Revenue from non-space U.S. government and Department of Defense customers was $11.9 million, accounting for approximately 69% of consolidated revenue, compared to 37% in the prior fiscal year [11] - Other commercial industrial revenues were approximately $560,000, slightly down from approximately $591,000 in the prior fiscal year [12] Market Data and Key Metrics Changes - The company anticipates significant growth in non-space defense products, which contributed to the increase in backlog [45] - The company expects a reversal in backlog growth towards space-related contracts in the upcoming quarters [46] Company Strategy and Development Direction - The company is focusing on growth opportunities in quantum sensing, proliferated satellites, and alternative position navigation and timing (ALT-PNT) programs, which are expected to be additive to the current business [5][6] - The company has established a facility in Colorado focused on quantum technology and low-phase noise oscillator technology, aiming to attract talent from local research institutions [22][23] - The company maintains strong strategic partnerships with major prime contractors, enhancing its competitive position in the defense sector [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth trajectory, citing a strong core business and new market opportunities [9] - The company believes that defense spending will remain robust regardless of political changes, driven by global security concerns [68][69] - Management indicated that many delays in revenue recognition were due to customer-driven issues rather than the government shutdown, and they expect to see normalization of margins in the near term [30][39] Other Important Information - The company is debt-free and has a strong working capital position of approximately $31 million, with a current ratio of approximately 2.6 to 1 [16] - The company plans to continue investing in R&D to maintain its technological edge [14] Q&A Session Summary Question: Can you provide details on the Golden Dome Awards? - Management indicated that they anticipate participating in various aspects of the Golden Dome initiative, particularly in ground-based and space-based missile defense [20][21] Question: What activities are ongoing in Colorado? - The Colorado facility focuses on quantum technology and low-phase noise oscillator technology, with several senior scientists hired from NIST [22][23] Question: Will margins normalize in the near term? - Management confirmed that they expect margins to normalize as program requirements have been resolved and new contracts are anticipated [39] Question: How does the company view growth opportunities irrespective of political changes? - Management believes that growth in the space sector is largely independent of politics, and defense spending is expected to remain strong due to global security concerns [68][69] Question: Is there potential for Turbo in commercial drones? - Management sees potential for Turbo in both military and commercial applications, but anticipates more immediate opportunities in military [72][73] Question: What is the company's position on international business? - The company has some significant business overseas and is actively pursuing additional opportunities, though export controls present challenges [79][80]

Financial Performance - Revenue for Q2 FY 2026 was approximately $17.1 million, a 24% increase compared to $15.8 million in Q2 FY 2025[3] - Operating income for Q2 FY 2026 was $1.7 million, down from $2.6 million in Q2 FY 2025[3] - Net income for Q2 FY 2026 was $1.8 million or $0.18 per diluted share, compared to $2.7 million or $0.28 per diluted share in Q2 FY 2025[3] - Cash provided by operating activities for the first six months of FY 2026 was approximately $0.6 million, down from $2.4 million in the same period of FY 2025[3] - The company reported a gross margin of $6.5 million for Q2 FY 2026, compared to $7.6 million in Q2 FY 2025[14] Backlog and Contracts - The backlog as of October 31, 2025, was approximately $82 million, up from $70 million at April 30, 2025[3] - The company anticipates multiple large contract awards in the coming months, contributing to growth in core technologies[5] Growth Opportunities - The company is pursuing growth opportunities in quantum sensing and alternative position, navigation, and timing solutions, expected to expand markets over the next 3 to 5 years[5] - The second annual Quantum Sensing Summit is rescheduled for January 14-15, 2026, to discuss emerging technologies and strategies[6] Assets - Total assets as of October 31, 2025, were approximately $92.3 million, a decrease from $93.7 million at April 30, 2025[16]

MITCHEL FIELD, N.Y., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is pleased to announce its financial results for the second quarter and fiscal year 2026. Revenue for the three and six months ended October 31, 2025, was approximately $17.1 million and $30.9 million, respectively, compared to $15.8 million and $30.9 million, respectively, reported for the same period of fiscal year 2025. Operating income for the three and six months ended October 31, 2 ...

Core Viewpoint - Frequency Electronics, Inc. will hold a conference call to discuss its second quarter results for fiscal year 2026, which ended on October 31, 2025, scheduled for December 11, 2025, at 4:30 PM Eastern Time [1]. Company Overview - Frequency Electronics, Inc. (FEI) is a leader in designing, developing, and manufacturing high precision timing, frequency generation, and RF control products for both space and terrestrial applications [4]. - The company's products are utilized in satellite payloads and various systems including commercial, government, and military applications such as C4ISR, electronic warfare, missiles, UAVs, aircraft, GPS, secure communications, and energy exploration [4]. - FEI has received over 100 awards for excellence in providing high-performance electronic assemblies for more than 150 space and Department of Defense programs [4]. - The company invests significantly in research and development to enhance its capabilities and expand its market reach [4]. - FEI's mission is to transform research discoveries into practical products, maintaining a legacy of delivering unique precision time and frequency generation products for critical applications [4].

Core Viewpoint - The article emphasizes the author's extensive experience in finance, particularly in investment analysis, corporate finance, and M&A, with a focus on sectors like real estate and renewable energy [1]. Group 1: Professional Background - The author holds a Master's degree in Banking & Finance from Université Paris 1 Panthéon-Sorbonne, showcasing a strong academic foundation in finance [1]. - The professional background includes hands-on roles in private equity, asset management, and real estate, indicating a diverse skill set in financial modeling, valuation, and qualitative analysis [1]. Group 2: Engagement with Audience - The author aims to share insights and analysis on interesting companies with a global audience through Seeking Alpha, highlighting a commitment to informed decision-making [1]. - There is an intention to engage in debates and discussions to foster continuous improvement in financial thought leadership [1].

Core Insights - The article emphasizes the author's extensive experience in finance, particularly in corporate finance, M&A, and investment analysis, with a focus on real estate, renewable energy, and equity markets [1] Group 1: Professional Background - The author holds a Master's degree in Banking & Finance from Université Paris 1 Panthéon-Sorbonne [1] - The author's expertise includes financial modeling, valuation, and qualitative analysis, with practical experience in private equity, asset management, and real estate [1] Group 2: Engagement with Audience - The author aims to share insights and analysis on interesting companies with a global audience through Seeking Alpha [1] - The motivation behind the author's writing is to empower informed decisions and engage in continuous improvement through discussions with readers [1]

Core Insights - FEI-Zyfer, Inc. has received two follow-on change orders valued at approximately $4.75 million for the development and manufacture of high-precision airborne time, synchronization, and frequency distribution systems, with deliveries scheduled through 2027 [1] - The airborne-rated systems are designed to operate in high-dynamic environments and are compatible with the latest Assured-Position, Navigation and Timing (A-PNT) and Alternative (Alt-PNT) avionics, supporting collaborative airborne operations [1] - The company emphasizes its investment in developing a revolutionary Rubidium Atomic Clock optimized for demanding airborne applications, claiming unmatched performance in the field-deployable atomic clock market [2] Company Overview - Frequency Electronics, Inc. is a leader in high precision timing, frequency generation, and RF control products for both space and terrestrial applications, serving various sectors including military and commercial systems [3] - The company has received over 100 awards for excellence in providing high-performance electronic assemblies for more than 150 space and Department of Defense programs, highlighting its commitment to research and development [3] - FEI's mission is to transform laboratory discoveries into practical products, focusing on precision time and frequency generation for critical applications [3]