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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and i-80 Gold Corp. (IAUX). Click either name above to swap in a different company.
i-80 Gold Corp. is the larger business by last-quarter revenue ($21.3M vs $17.1M, roughly 1.2× FREQUENCY ELECTRONICS INC). FREQUENCY ELECTRONICS INC runs the higher net margin — 10.5% vs -401.9%, a 412.4% gap on every dollar of revenue. FREQUENCY ELECTRONICS INC produced more free cash flow last quarter ($-1.1M vs $-39.2M).
Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.
i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.
FEIM vs IAUX — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $21.3M |
| Net Profit | $1.8M | $-85.6M |
| Gross Margin | 38.2% | 22.0% |
| Operating Margin | 10.0% | -291.6% |
| Net Margin | 10.5% | -401.9% |
| Revenue YoY | 8.3% | — |
| Net Profit YoY | -32.1% | — |
| EPS (diluted) | $0.18 | $-0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $17.1M | $21.3M | ||
| Q3 25 | $13.8M | $32.0M | ||
| Q2 25 | $20.0M | $27.8M | ||
| Q1 25 | $18.9M | $14.0M | ||
| Q4 24 | $15.8M | — | ||
| Q3 24 | $15.1M | $11.5M | ||
| Q2 24 | $15.6M | $7.2M | ||
| Q1 24 | $13.7M | — |
| Q4 25 | $1.8M | $-85.6M | ||
| Q3 25 | $634.0K | $-41.9M | ||
| Q2 25 | $3.2M | $-30.2M | ||
| Q1 25 | $15.4M | $-41.2M | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $2.4M | $-43.1M | ||
| Q2 24 | $2.6M | $-41.0M | ||
| Q1 24 | $130.0K | — |
| Q4 25 | 38.2% | 22.0% | ||
| Q3 25 | 36.8% | 9.7% | ||
| Q2 25 | 37.5% | 2.9% | ||
| Q1 25 | 43.8% | 20.7% | ||
| Q4 24 | 48.2% | — | ||
| Q3 24 | 44.4% | -42.7% | ||
| Q2 24 | 40.3% | -171.4% | ||
| Q1 24 | 22.6% | — |
| Q4 25 | 10.0% | -291.6% | ||
| Q3 25 | 2.6% | -86.7% | ||
| Q2 25 | 16.4% | -67.4% | ||
| Q1 25 | 18.3% | -112.3% | ||
| Q4 24 | 16.5% | — | ||
| Q3 24 | 15.7% | -210.0% | ||
| Q2 24 | 16.0% | -435.2% | ||
| Q1 24 | -3.4% | — |
| Q4 25 | 10.5% | -401.9% | ||
| Q3 25 | 4.6% | -130.8% | ||
| Q2 25 | 16.0% | -108.5% | ||
| Q1 25 | 81.4% | -293.3% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 16.1% | -374.5% | ||
| Q2 24 | 16.9% | -570.8% | ||
| Q1 24 | 0.9% | — |
| Q4 25 | $0.18 | $-0.10 | ||
| Q3 25 | $0.07 | $-0.05 | ||
| Q2 25 | $0.33 | $-0.05 | ||
| Q1 25 | $1.60 | $-0.10 | ||
| Q4 24 | $0.28 | — | ||
| Q3 24 | $0.25 | $-0.11 | ||
| Q2 24 | $0.28 | $-0.11 | ||
| Q1 24 | $0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.0M | $63.2M |
| Total DebtLower is stronger | — | $174.7M |
| Stockholders' EquityBook value | $58.5M | $346.8M |
| Total Assets | $92.3M | $703.4M |
| Debt / EquityLower = less leverage | — | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $63.2M | ||
| Q3 25 | $4.5M | $102.9M | ||
| Q2 25 | $4.7M | $133.7M | ||
| Q1 25 | $5.5M | $13.5M | ||
| Q4 24 | $9.7M | — | ||
| Q3 24 | $16.2M | $21.8M | ||
| Q2 24 | $18.3M | $47.8M | ||
| Q1 24 | $11.7M | — |
| Q4 25 | — | $174.7M | ||
| Q3 25 | — | $175.9M | ||
| Q2 25 | — | $175.8M | ||
| Q1 25 | — | $197.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $58.5M | $346.8M | ||
| Q3 25 | $56.3M | $423.0M | ||
| Q2 25 | $55.6M | $463.5M | ||
| Q1 25 | $51.8M | $318.0M | ||
| Q4 24 | $36.2M | — | ||
| Q3 24 | $33.2M | $346.9M | ||
| Q2 24 | $39.8M | $377.2M | ||
| Q1 24 | $36.7M | — |
| Q4 25 | $92.3M | $703.4M | ||
| Q3 25 | $93.2M | $756.2M | ||
| Q2 25 | $93.7M | $782.9M | ||
| Q1 25 | $86.4M | $659.0M | ||
| Q4 24 | $77.8M | — | ||
| Q3 24 | $84.3M | — | ||
| Q2 24 | $83.3M | — | ||
| Q1 24 | $77.7M | — |
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-523.0K | $-34.3M |
| Free Cash FlowOCF − Capex | $-1.1M | $-39.2M |
| FCF MarginFCF / Revenue | -6.6% | -184.3% |
| Capex IntensityCapex / Revenue | 3.6% | 23.1% |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | $-93.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-523.0K | $-34.3M | ||
| Q3 25 | $1.2M | $-15.2M | ||
| Q2 25 | $-155.0K | $-11.3M | ||
| Q1 25 | $-3.6M | $-22.7M | ||
| Q4 24 | $3.8M | — | ||
| Q3 24 | $-1.5M | $-23.5M | ||
| Q2 24 | $7.5M | $-24.6M | ||
| Q1 24 | $4.2M | — |
| Q4 25 | $-1.1M | $-39.2M | ||
| Q3 25 | $385.0K | $-18.5M | ||
| Q2 25 | $-786.0K | $-12.4M | ||
| Q1 25 | $-4.0M | $-23.1M | ||
| Q4 24 | $3.3M | — | ||
| Q3 24 | $-1.8M | $-23.8M | ||
| Q2 24 | $6.7M | $-25.1M | ||
| Q1 24 | $3.9M | — |
| Q4 25 | -6.6% | -184.3% | ||
| Q3 25 | 2.8% | -57.8% | ||
| Q2 25 | -3.9% | -44.7% | ||
| Q1 25 | -20.9% | -164.1% | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | -11.8% | -206.7% | ||
| Q2 24 | 42.8% | -349.1% | ||
| Q1 24 | 28.4% | — |
| Q4 25 | 3.6% | 23.1% | ||
| Q3 25 | 5.6% | 10.2% | ||
| Q2 25 | 3.2% | 3.9% | ||
| Q1 25 | 1.7% | 2.5% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 2.2% | 2.5% | ||
| Q2 24 | 5.3% | 7.3% | ||
| Q1 24 | 2.3% | — |
| Q4 25 | -0.29× | — | ||
| Q3 25 | 1.83× | — | ||
| Q2 25 | -0.05× | — | ||
| Q1 25 | -0.24× | — | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | -0.60× | — | ||
| Q2 24 | 2.85× | — | ||
| Q1 24 | 32.36× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
IAUX
| Granite Creek Mining Company | $20.3M | 95% |
| Ruby Hill Mining Company LLC | $991.0K | 5% |
| Lone Tree Minning Company | $3.0K | 0% |
