SEGMENT INFORMATION (Tables)
|
3 Months Ended |
Jul. 31, 2026 |
|---|
| Segment Reporting [Abstract] |
|
| Segment Reporting, Reconciliation of Revenue by Segment to Consolidated [Table Text Block] |
The tables below present segment
revenues, significant segment expenses, which consist of segment cost of revenues and segment R&D costs, and segment operating income
for each reportable segment and on a consolidated basis as reported in the condensed consolidated statements of operations for the three
months ended July 31, 2026 and 2025 (in thousands):
| | |
Three Months Ended
July 31, | |
| | |
2026 | | |
2025 | |
| Revenues: | |
| | |
| |
| FEI-NY | |
$ | 17,594 | | |
$ | 10,354 | |
| FEI-Zyfer | |
| 6,957 | | |
| 3,718 | |
| Less intersegment revenues | |
| (1,100 | ) | |
| (260 | ) |
| Consolidated revenues | |
$ | 23,451 | | |
$ | 13,812 | |
| | |
| | | |
| | |
|
| Schedule of Cost of Sales by Segment [Table Text Block] |
| Cost of revenues: | |
| | | |
| | |
| FEI-NY | |
$ | 9,297 | | |
$ | 6,947 | |
| FEI-Zyfer | |
| 4,668 | | |
| 2,091 | |
| Less intersegment cost of revenues | |
| (1,264 | ) | |
| (308 | ) |
| Consolidated cost of revenues | |
$ | 12,701 | | |
$ | 8,730 | |
| | |
| | | |
| | |
|
| Schedule of Research and Development Expenses by Segment [Table Text Block] |
| Research and development expenses: | |
| | | |
| | |
| FEI-NY | |
$ | 1,125 | | |
$ | 550 | |
| FEI-Zyfer | |
| 320 | | |
| 583 | |
| Consolidated research and development expenses | |
$ | 1,445 | | |
$ | 1,133 | |
| | |
| | | |
| | |
|
| Segment Reporting, Reconciliation of Profit (Loss) by Segment to Consolidated [Table Text Block] |
| Operating income: | |
| | | |
| | |
| FEI-NY | |
$ | 4,264 | | |
$ | 166 | |
| FEI-Zyfer | |
| 972 | | |
| 300 | |
| Less intersegment margin | |
| 164 | | |
| 48 | |
| Corporate | |
| (200 | ) | |
| (150 | ) |
| Consolidated operating income | |
$ | 5,200 | | |
$ | 364 | |
|
| Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block] |
The tables below present the
identifiable assets of each reportable segment and on a consolidated basis as reported in the consolidated balance sheets as of July 31,
2026 and April 30, 2026 and the depreciation and amortization charges related to these identifiable assets for the three months then ended
(in thousands):
| | |
July 31,
2026 | | |
April 30,
2026 | |
| Identifiable assets: | |
| | |
| |
| FEI-NY | |
$ | 36,988 | | |
$ | 40,849 | |
| FEI-Zyfer | |
| 26,865 | | |
| 23,759 | |
| Less intersegment balances | |
| (649 | ) | |
| (814 | ) |
| Corporate | |
| 90,373 | | |
| 26,912 | |
| Consolidated identifiable assets | |
$ | 153,577 | | |
$ | 90,706 | |
|
| Segment Reporting, Reconciliation of Other Item by Segment to Consolidated [Table Text Block] |
| | |
Three Months Ended
July 31, | |
| | |
2026 | | |
2025 | |
| Depreciation and amortization: | |
| | |
| |
| FEI-NY | |
$ | 278 | | |
$ | 432 | |
| FEI-Zyfer | |
| 9 | | |
| 38 | |
| Consolidated depreciation and amortization expense | |
$ | 287 | | |
$ | 470 | |
|
| Disaggregation of Revenue [Table Text Block] |
The amounts by segment and
product line were as follows (in thousands):
| |
|
Three Months Ended July 31, |
|
| |
|
2026 |
|
|
2025 |
|
| |
|
POC
Revenue |
|
|
POT
Revenue |
|
|
Total
Revenue |
|
|
POC
Revenue |
|
|
POT
Revenue |
|
|
Total Revenue |
|
| FEI-NY |
|
$ |
16,203 |
|
|
$ |
1,391 |
|
|
$ |
17,594 |
|
|
$ |
9,748 |
|
|
$ |
606 |
|
|
$ |
10,354 |
|
| FEI-Zyfer |
|
|
6,395 |
|
|
|
562 |
|
|
|
6,957 |
|
|
|
2,680 |
|
|
|
1,038 |
|
|
|
3,718 |
|
| Intersegment |
|
|
(174) |
|
|
|
(926 |
) |
|
|
(1,100 |
) |
|
|
- |
|
|
|
(260 |
) |
|
|
(260 |
) |
| Revenue |
|
$ |
22,424 |
|
|
$ |
1,027 |
|
|
$ |
23,451 |
|
|
$ |
12,428 |
|
|
$ |
1,384 |
|
|
$ |
13,812 |
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Table Text Block] |
| | |
Three Months Ended
July 31, | |
| | |
2026 | | |
2025 | |
| Revenues by product line: | |
| | |
| |
| Satellite revenue | |
$ | 11,780 | | |
$ | 6,514 | |
| Government non-space revenue | |
| 11,066 | | |
| 6,859 | |
| Other commercial & industrial revenue | |
| 605 | | |
| 439 | |
| Consolidated revenues | |
$ | 23,451 | | |
$ | 13,812 | |
|