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Market Mover | Frequency Electronics Shares Surge 31% After Q4 2024 Financial Results

Market Mover | Frequency Electronics Shares Surge 31% After Q4 2024 Financial Results

市场推动者 | 高频电子股份公司在2024财年第四季度发表财务报告后股价暴涨31%
moomoo资讯 ·  2024/07/23 18:15  · 异动

July 23, 2024 - $Frequency Electronics (FEIM.US)$shares surged 31.68% to $13.30 in pre-market trading on Tuesday. The company announced its fourth quarter and full fiscal year 2024 financial results.

2024年7月23日 - $高频电子 (FEIM.US)$周二美股盘前交易中,股价上涨31.68%,至每股13.30美元。该公司公布了2024财年第四季度和全年财务业绩。

Financial Highlights

财务亮点

  • Revenues for the three and twelve-month periods of fiscal year 2024, ended April 30, 2024, of approximately $15.6 million and $55.3 million, respectively, compared to revenues of $13.0 million and $40.8 million, respectively, for the same periods of fiscal year 2023, ended April 30, 2023.

  • Operating income for the fourth quarter of fiscal year 2024 was $2.5 million compared to an operating income of $0.4 million for the same period of fiscal year 2023. Operating income for the twelve months ended April 30, 2024 was $5.0 million compared to an operating loss of $4.7 million for the twelve months ended April 30, 2023.

  • Net income for the three months ended April 30, 2024 was $2.6 million or $0.28 per diluted share and net income for the twelve months ended April 30, 2024 was $5.6 million or $0.59 per diluted share, compared to net income of $0.2 million or $0.03 per diluted share for the three months ended April 30, 2023 and net loss of $5.5 million or ($0.59) per diluted share for the twelve months ended April 30, 2023.

  • The company will be paying a special cash dividend of $1.00 per share of common stock on August 29, 2024, to stockholders of record as of the close of business on August 8, 2024.

  • 2024财年4月30日结束的三个月和十二个月的营业收入分别约为1560万和5530万美元,相比之下,2023财年同期的营业收入分别为1300万和4080万美元。

  • 2024财年第四季度的营业收入为250万美元,同期2023财年的营业收入为40万美元。2024财年的十二个月的营业收入为500万美元,同期2023财年的营业亏损为470万美元。

  • 2024财年4月30日结束的三个月净利润为260万美元,每股摊薄后净利润为0.28美元,而2023财年同期的净利润为20万美元,每股摊薄后净利润为0.03美元。2024财年的十二个月净利润为560万美元,每股摊薄后净利润为0.59美元,而2023财年同期的净亏损为550万美元,每股摊薄后净亏损为0.59美元。

  • 该公司将于2024年8月29日向记录股东的普通股股票发放每股1美元的特别现金股利,记录股东日期为2024年8月8日的收盘时间。

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 of the fiscal year ended April 30, 2024 is up substantially from FY2023, and represents a historical high for the Company. This steady growth in backlog is indicative of the strong business environment for our technology as well as our reinvigorated customer focused strategy combined with our commitment to bring faster, better solutions to market. We anticipate continued growth in new business during the current fiscal year ending April 30, 2025. Our efforts have put us on a positive trajectory. The Company remains committed to achieving sustained profitability and strong cash generation going forward. I have never been more encouraged about our ability to provide important solutions that help to enhance our way of life, and to defend and protect our country and its allies.”

特别现金股利和强劲的财务业绩也体现了我们对公司未来财务表现的信心。成为一个增长的高科技企业是我们的目标,我们致力于持续的创新和业务增长。在未来的几个季度,我们期望我们的策略会取得更多成果。我们过去一年持续不断的收入增长,证明了我们的策略已经取得了初步成效。最后,我想感谢我们的股东,他们一直支持我们的长期增长战略。

About Frequency Electronics

关于高频电子

Frequency Electronics, Inc. (FEI) is a world leader in the design, development and manufacture of high precision timing, frequency generation and RF control products for space and terrestrial applications. FEI’s products are used in satellite payloads and in other commercial, government and military systems including C4ISR and electronic warfare, missiles, UAVs, aircraft, GPS, secure communications, energy exploration and wireline and wireless networks. FEI-Zyfer provides GPS and secure timing capabilities for critical military and commercial applications; FEI-Elcom Tech provides Electronic Warfare (“EW”) sub-systems and state-of-the-art RF and microwave products. FEI has received over 100 awards of excellence for achievements in providing high performance electronic assemblies for over 150 space and DOD programs. The Company invests significant resources in research and development to expand its capabilities and markets.

高频电子公司(FEI)是太空和地面应用高精度时序、频率生成和射频控制产品的设计、开发和制造的世界领先公司。FEI的产品用于卫星有效载荷以及其他商业、政府和军事系统,包括C4ISR和电子战、导弹、无人机、飞机、GPS、安全通信、能源勘探和有线和无线网络。FEI-Zyfer为重要军用和商业应用提供GPS和安全定时功能,FEI-Elcom Tech提供电子战(“EW”)子系统和最先进的射频和微波产品。FEI已为超过150个空间和国防计划提供高性能电子组件而获得了100多个卓越奖。FEI在研究和开发方面投入了大量资源,以扩展其能力和市场。

Related Reading:Press Release

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