Market Mover | Frequency Electronics Shares Surge 31% After Q4 2024 Financial Results
Market Mover | Frequency Electronics Shares Surge 31% After Q4 2024 Financial Results
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 - $高頻電子 (FEIM.US)$週二美股盤前交易中,股價上漲31.68%,至每股13.30美元。該公司公佈了2024財年第四季度和全年財務業績。
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Financial Highlights
財務亮點
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財年4月30日結束的三個月和十二個月的營業收入分別約爲1560萬和5530萬美元,相比之下,2023財年同期的營業收入分別爲1300萬和4080萬美元。
2024財年第四季度的營業收入爲250萬美元,同期2023財年的營業收入爲40萬美元。2024財年的十二個月的營業收入爲500萬美元,同期2023財年的營業虧損爲470萬美元。
2024財年4月30日結束的三個月淨利潤爲260萬美元,每股攤薄後淨利潤爲0.28美元,而2023財年同期的淨利潤爲20萬美元,每股攤薄後淨利潤爲0.03美元。2024財年的十二個月淨利潤爲560萬美元,每股攤薄後淨利潤爲0.59美元,而2023財年同期的淨虧損爲550萬美元,每股攤薄後淨虧損爲0.59美元。
該公司將於2024年8月29日向記錄股東的普通股股票發放每股1美元的特別現金股利,記錄股東日期爲2024年8月8日的收盤時間。
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.”
特別現金股利和強勁的財務業績也體現了我們對公司未來財務表現的信心。成爲一個增長的高科技企業是我們的目標,我們致力於持續的創新和業務增長。在未來的幾個季度,我們期望我們的策略會取得更多成果。我們過去一年持續不斷的收入增長,證明了我們的策略已經取得了初步成效。最後,我想感謝我們的股東,他們一直支持我們的長期增長戰略。
About Frequency Electronics
關於高頻電子
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.
高頻電子公司(FEI)是太空和地面應用高精度時序、頻率生成和射頻控制產品的設計、開發和製造的世界領先公司。FEI的產品用於衛星有效載荷以及其他商業、政府和軍事系統,包括C4ISR和電子戰、導彈、無人機、飛機、GPS、安全通信、能源勘探和有線和無線網絡。FEI-Zyfer爲重要軍用和商業應用提供GPS和安全定時功能,FEI-Elcom Tech提供電子戰(“EW”)子系統和最先進的射頻和微波產品。FEI已爲超過150個空間和國防計劃提供高性能電子組件而獲得了100多個卓越獎。FEI在研究和開發方面投入了大量資源,以擴展其能力和市場。
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