Q4 2019 Frequency Electronics Inc Earnings Call Transcript
Good day, ladies and gentlemen, and welcome to your Frequency Electronics Fourth Quarter and Year-End 2019 Earnings Release Conference Call. (Operator Instructions)
And now for opening remarks and introductions, I am pleased to turn the floor to Chairman of the Board, Mr. Martin Bloch. Please go ahead, sir.
Thank you. I have with me the Chief Executive Officer, Stan Sloane; and our Chief Financial Officer, Steve Bernstein. And I'll turn over the first phase of it to Steve. Please begin, Steve.
Thank you, Martin, and good afternoon. Fiscal 2019 consolidated revenues were $49.5 million, up 25% from $39.4 million for the prior fiscal year. The components of revenue are as follows: Revenue from commercial and U.S. government satellite programs increased to $22.8 million compared to $14.2 million for the previous fiscal year and accounted for
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