---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-22-001435"
form_type: "8-K"
ticker: "FEIM"
cik: "0000039020"
company_name: "FREQUENCY ELECTRONICS INC"
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T02:05:35.379465+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Frequency Electronics Q2 FY2023 revenue down 31% to $8.9M; net loss $0.25 per share; declares special dividend $1.00

## Summary
- Q2 revenue $8.9M (down 31% YoY from $12.9M); net loss $2.3M ($0.25 diluted) vs net income $0.05 per share in prior year.
- Six-month revenue $17.2M (down 34% YoY); net loss $5.4M ($0.58 diluted) vs loss $1.1M ($0.12) prior year.
- Backlog $56M at Oct 31, up 40% from $40M at April 30; book-to-bill ratio 2.8.
- Special cash dividend of $1.00/share payable Jan 27, 2023 to holders of record Jan 6, 2023; total ~$9.3M.
- Company remains debt-free; optimistic about future growth due to satellite market improvements.

## SEC filing metadata
- accession: 0001185185-22-001435
- form_type: 8-K
- ticker: FEIM
- cik: 0000039020
- company_name: FREQUENCY ELECTRONICS INC
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39020/000118518522001435/0001185185-22-001435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39020/000118518522001435/freqelec20221220_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-22-001435
- JSON: https://secwatch.observer/filing/0001185185-22-001435.json
- Plain text: https://secwatch.observer/filing/0001185185-22-001435.txt

## Key facts
- Earnings Releases
  FREQUENCY ELECTRONICS INC reported the six months ended October 31, 2022 results: revenue $17.2 million, net income ($0.58) per diluted share, EPS ($0.58) per diluted share.
  - Period: the six months ended October 31, 2022
  - Revenue: $17.2 million
  - Net income: ($0.58) per diluted share
  - EPS: ($0.58) per diluted share
  - Result: reported results
  source text: Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and six-month periods of fiscal 2023, ended October 31, 2022, of approximately $8.9 million and $17.2 million, respectively, compared to revenues of $12.9 million and $25.9 million, respectively, for the same periods of fiscal 2022, ended October 31, 2021. Operating loss for the second quarter of fiscal 2023 was $2.3 million compared to an operating profit of $303,000 for the same period of fiscal 2022. Operating loss for the six months ended October 31, 2022 was $5.4 million compared to an operating loss of $1.4 million for the six months ended October 31, 2021. Net loss from operations for the three and six months ended October 31, 2022 was $2.3 million or ($0.25) per diluted share and $5.4 million or ($0.58) per diluted share, respectively, compared to a net income of $497,000 or $0.05 per diluted share for the three months ended October 31, 2021 and a net loss of $1.1 million or
  evidence_url: https://www.sec.gov/Archives/edgar/data/39020/000118518522001435/0001185185-22-001435-index.htm
- Earnings Releases
  FREQUENCY ELECTRONICS INC reported the three months ended October 31, 2022 results: revenue $8.9 million, net income ($0.25) per diluted share, EPS ($0.25) per diluted share.
  - Period: the three months ended October 31, 2022
  - Revenue: $8.9 million
  - Net income: ($0.25) per diluted share
  - EPS: ($0.25) per diluted share
  - Result: reported results
  source text: Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and six-month periods of fiscal 2023, ended October 31, 2022, of approximately $8.9 million and $17.2 million, respectively, compared to revenues of $12.9 million and $25.9 million, respectively, for the same periods of fiscal 2022, ended October 31, 2021. Operating loss for the second quarter of fiscal 2023 was $2.3 million compared to an operating profit of $303,000 for the same period of fiscal 2022. Operating loss for the six months ended October 31, 2022 was $5.4 million compared to an operating loss of $1.4 million for the six months ended October 31, 2021. Net loss from operations for the three and six months ended October 31, 2022 was $2.3 million or ($0.25) per diluted share and $5.4 million or ($0.58) per diluted share, respectively, compared to a net income of $497,000 or $0.05 per diluted share for the three months ended October 31, 2021 and a net loss of $1.1 million or
  evidence_url: https://www.sec.gov/Archives/edgar/data/39020/000118518522001435/0001185185-22-001435-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.