{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000971","form_type":"8-K","ticker":"FEIM","cik":"0000039020","company_name":"FREQUENCY ELECTRONICS INC","filed_at":"2023-09-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.342465+00:00","generated_at":"2026-06-10T18:02:45.284684+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Frequency Electronics reports Q1 FY2024 net income of $2.0M, reversing prior-year loss","bullets":["Revenue $12.4M (+51% YoY); operating income $2.1M vs -$3.1M loss.","Net income $2.0M ($0.22 diluted) vs net loss $3.1M (-$0.33) YoY.","Backlog $51.8M, up from $39.7M a year ago; CEO expects further bookings growth.","Non-space U.S. Gov/DOD revenue $6.9M (55% of total); satellite payload $4.9M (39%).","Net cash used in ops improved to $2.8M from $3.6M YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000971","json":"https://secwatch.observer/filing/0001185185-23-000971.json","markdown":"https://secwatch.observer/filing/0001185185-23-000971.md","text":"https://secwatch.observer/filing/0001185185-23-000971.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39020/000118518523000971/0001185185-23-000971-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39020/000118518523000971/freqelec20230914_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T18:02:45.284684+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"596b5f1948eab2d67d5ea2a9166bba228a896e10","claim":"FREQUENCY ELECTRONICS INC reported the first quarter ended July 31, 2023 results: revenue approximately $12.4 million, net income Net Income from operations was $2.0 million or $0.22 per diluted share, EPS $0.22 per diluted share.","evidence_excerpt":"is reporting revenues for the first quarter ended July 31, 2023, of approximately $12.4 million, compared to revenues of $8.2 million, for the first quarter of fiscal year 2023, ended July 31, 2022. Operating income for the first quarter of fiscal year 2024 was $2.1 million compared to an operating loss of $3.1 million for the same period of fiscal year 2023. Net Income from operations was $2.0 million or $0.22 per diluted share compared to a net loss from operations of $3.1 million or ($0.33) per diluted share for the first quarter of fiscal year 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39020/000118518523000971/0001185185-23-000971-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended July 31, 2023"},{"label":"Revenue","value":"approximately $12.4 million"},{"label":"Net income","value":"Net Income from operations was $2.0 million or $0.22 per diluted share"},{"label":"EPS","value":"$0.22 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}