Frequency Electronics Misses, But Backlog Signals Hope | Business and Finance News

Frequency Electronics took a beating today as its stock plummeted after missing Q4 earnings—revenue fell short, annual sales declined, and they posted a quarterly loss instead of profit. CEO calls the past year a “digestion” period, pushing expected revenue forward. Investors reacted harshly, but there’s a silver lining: a $111M backlog surge and ambitious margin targets by 2029 hint at a potential rebound. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9392f4f1ce0f45c1