secwatch.observer — SEC 8-K summary
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Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2021-12-09T23:59:59+00:00
Accession:  0001185185-21-001822
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frequency Electronics Q2 FY2022 net income $0.5M; revenue down 8% YoY to $12.9M
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- Net income of $497K ($0.05 diluted EPS) vs. $329K ($0.04) for Q2 FY2021.
- Revenue $12.9M, down from $14.0M a year ago; six-month revenue $25.9M vs. $26.9M.
- Operating profit improved to $303K from $219K; six-month operating loss $1.4M.
- Cash and marketable securities $20.6M, no debt; backlog $38M vs. $40M at April 30.
- CEO cites R&D investments in atomic clocks and POPRAFS contract from Office of Naval Research.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518521001822/0001185185-21-001822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518521001822/freqelec20211209_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-21-001822

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