Frequency Electronics, Inc. Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results

FEI President and CEO, Tom McClelland commented, "In fiscal year 2024 we experienced steady revenue growth of 8 – 10% quarter over quarter for the entire year, with revenue year over year up by 36%. Revenue for FY2024 was $55.3 million, up from $40.8 million in FY2023. Operating income improved meaningfully, and we believe profits and margins should continue to do so going forward; due to both our disciplined internal management as well as a fortified product offering. The backlog of $78 million at the end ...