secwatch.observer — SEC 8-K summary
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Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2022-12-20T23:59:59+00:00
Accession:  0001185185-22-001435
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518522001435/0001185185-22-001435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518522001435/freqelec20221220_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-22-001435

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