secwatch.observer — SEC 8-K summary
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Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0001185185-23-000719
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518523000719/0001185185-23-000719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518523000719/freqelec20230713_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000719

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