---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-000719"
form_type: "8-K"
ticker: "FEIM"
cik: "0000039020"
company_name: "FREQUENCY ELECTRONICS INC"
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T09:06:34.388234+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Frequency Electronics reports Q4 net income $246k; FY23 revenue $40.8M, backlog at decade high

## Summary
- Q4 FY23 revenue $13.0M, operating income $392k vs. loss of $5.9M YoY; net income $0.03/diluted share.
- Full-year FY23 revenue $40.8M vs. $48.3M prior year; net loss $5.5M ($0.59/diluted share).
- Second-half FY23 operating income $717k vs. first-half loss of $5.4M; H2 revenue $23.6M, up 38% from H1.
- Backlog at April 30, 2023: ~$56M, highest in over 10 years (up from $40M year earlier).
- Cash and equivalents $12.0M, debt-free; CEO McClelland cites cost-cutting and growth in satellite markets.

## SEC filing metadata
- accession: 0001185185-23-000719
- form_type: 8-K
- ticker: FEIM
- cik: 0000039020
- company_name: FREQUENCY ELECTRONICS INC
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39020/000118518523000719/0001185185-23-000719-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39020/000118518523000719/freqelec20230713_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000719
- JSON: https://secwatch.observer/filing/0001185185-23-000719.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000719.txt

## Key facts
- Earnings Releases
  FREQUENCY ELECTRONICS INC reported the year ended April 30, 2023 results: revenue approximately $40.8 million, net income net loss...of $5.5 million or ($0.59) per diluted share, EPS ($0.59) per diluted share.
  - Period: the year ended April 30, 2023
  - Revenue: approximately $40.8 million
  - Net income: net loss...of $5.5 million or ($0.59) per diluted share
  - EPS: ($0.59) per diluted share
  - Result: reported results
  source text: or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and twelve-month periods of fiscal year 2023, ended April 30, 2023, of approximately $13.0 million and $40.8 million, respectively, compared to revenues of $10.2 million and $48.3 million, respectively, for the same periods of fiscal year 2022, ended April 30, 2022. Operating income for the
  evidence_url: https://www.sec.gov/Archives/edgar/data/39020/000118518523000719/0001185185-23-000719-index.htm
- Earnings Releases
  FREQUENCY ELECTRONICS INC reported the three months ended April 30, 2023 results: revenue approximately $13.0 million, net income $246,000 or $0.03 per diluted share, EPS $0.03 per diluted share.
  - Period: the three months ended April 30, 2023
  - Revenue: approximately $13.0 million
  - Net income: $246,000 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 twelve-month periods of fiscal year 2023, ended April 30, 2023, of approximately $13.0 million and $40.8 million, respectively, compared to revenues of $10.2 million and $48.3 million, respectively, for the same periods of fiscal year 2022, ended April 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/39020/000118518523000719/0001185185-23-000719-index.htm

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