Frequency Electronics Q1 FY2022 net loss widens to $1.6M ($0.17/share) vs $262K loss a year ago

FREQUENCY ELECTRONICS INC

2022-Q1 EPS reported -$0.17 revenue$12,955,000

Revenue $13.0M, down slightly from $13.1M in Q1 FY2021.
Operating loss $1.7M vs $337K operating loss prior year, due to unusual legal expenses and COVID supply-chain issues.
Backlog fell to $37M from $40M at April 30, 2021.
Net cash used in operations was $828K vs $62K provided in prior-year quarter.
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