secwatch.observer — SEC 8-K summary
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Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2021-09-13T23:59:59+00:00
Accession:  0001185185-21-001284
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frequency Electronics Q1 FY2022 net loss widens to $1.6M ($0.17/share) vs $262K loss a year ago
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- 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.
- CEO highlights new pulsed optically pumped Rubidium atomic clock as potential game-changer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518521001284/0001185185-21-001284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518521001284/freqelec20210913_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-21-001284

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer