Frequency Electronics, Inc. (FEIM) Q1 2027 Earnings Call Transcript

SA Transcripts 162.16K Followers Follow Frequency Electronics, Inc. ( FEIM ) Q1 2027 Earnings Call September 10, 2026 4:30 PM EDT Company Participants Thomas McClelland - CEO, President & Director Steven Bernstein - CFO, Secretary & Treasurer Conference Call Participants Jeff Van Rhee - Craig-Hallum Capital Group LLC, Research Division Jonathan Siegmann - Stifel, Nicolaus & Company, Incorporated, Research Division Stephen Levenson Robert Smith Presentation Operator Greetings, and welcome to the Frequency Electronics First Quarter Fiscal 2027 Earnings Release Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. Any statements made by the company during this conference call regarding the future constitute forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements inherently involve uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences are included in the company's press releases and are further detailed in the company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the company undertakes no obligation to update these statements for revisions or changes after the date of this conference call. It is now my pleasure to introduce your host, Thomas McClelland, President and Chief Executive Officer. Thomas McClelland CEO, President & Director Thank you, Paul. Good afternoon, and thank you for joining Frequency Electronics First Quarter Fiscal Year 2027 Earnings Call. With me today is our Chief Financial Officer, Steve Bernstein. I'm very pleased to report first quarter revenue of $23.5 million, an all-time record for FEI, up 70% year-over-year and up 52% sequentially. As we told you on our fourth quarter 2026 earnings call in July, we expected to return to growth starting in the current fiscal 2027, and this first quarter is a strong proof point of that. Further, this performance gives us increasing confidence in our ability to meet or