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President and Chief Executive Officer - Thomas McClelland
Operator: And welcome to the Frequency Electronics First Quarter Fiscal 27 Earnings Release Conference Call. At this time, participants are in a listen-only mode. As a reminder, this conference is being recorded. Any statements made by the company during this conference call regarding the future constitute forward looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 2000. Such statements inherently involve uncertainties that could cause actual results to differ materially from the forward looking statements. Factors that would cause or contribute to such different are included in the company's press releases and are further detailed in the company's periodic report filings with the Securities and Exchange Commission.
By making these forward looking statements, the company undertakes no obligation to update these statements for revisions or changes after the date of this conference call. It is now my pleasure to introduce your host, Thomas McClelland, President and Chief executive officer.
Thomas McClelland: Thank you, Paul. Good afternoon, and thank you for joining Frequency Electronics First quarter fiscal year 27 earnings call. With me today is our Chief Financial Officer, Steven L. Bernstein. I am very pleased to report first quarter revenue of $23.5 million an all time record for FEI, up 70% year over year and up 52% sequentially. As we told you on our fourth quarter 2026 earnings call in July, we expected to return to growth starting in the current fiscal 2027. And this first quarter is a strong proof point of that.