---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-000193"
form_type: "8-K"
ticker: "FEIM"
cik: "0000039020"
company_name: "FREQUENCY ELECTRONICS INC"
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:51:09.633640+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Frequency Electronics Q3 rev down 13% YoY but posts operating profit; backlog rises to $54M

## Summary
- Q3 revenues $10.6M vs $12.2M YoY; operating income $325K vs loss $721K.
- Net loss $316K ($0.03/sh) vs $735K ($0.08) YoY; 9-month net loss $5.7M ($0.62).
- Backlog grew 35% to $54M from $40M at Apr. 2022; cash from ops $1.9M.
- Sequential improvement: Q3 rev +18.7%, gross margin 32.6% vs 3.9% prior qtr.
- Paid special $1.00/sh dividend ($9.4M) Jan 26; named Tom McClelland permanent CEO.

## SEC filing metadata
- accession: 0001185185-23-000193
- form_type: 8-K
- ticker: FEIM
- cik: 0000039020
- company_name: FREQUENCY ELECTRONICS INC
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39020/000118518523000193/0001185185-23-000193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39020/000118518523000193/freqelec20230309_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000193
- JSON: https://secwatch.observer/filing/0001185185-23-000193.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000193.txt

## Key facts
- Earnings Releases
  FREQUENCY ELECTRONICS INC reported the three- and nine-month periods of fiscal 2023, ended January 31, 2023 results: revenue approximately $10.6 million and $27.8 million, respectively, net income Net loss from operations for the three and nine months ended January 31, 2023 was $316,000 or ($0.03) per diluted share, EPS ($0.03) per diluted share.
  - Period: the three- and nine-month periods of fiscal 2023, ended January 31, 2023
  - Revenue: approximately $10.6 million and $27.8 million, respectively
  - Net income: Net loss from operations for the three and nine months ended January 31, 2023 was $316,000 or ($0.03) per diluted share
  - EPS: ($0.03) per diluted share
  - Result: reported results
  source text: Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and nine-month periods of fiscal 2023, ended January 31, 2023, of approximately $10.6 million and $27.8 million, respectively, compared to revenues of $12.2 million and $38.1 million, respectively, for the same periods of fiscal 2022, ended January 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/39020/000118518523000193/0001185185-23-000193-index.htm

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