---
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"
generated_at: "2026-06-10T18:02:45.284684+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Frequency Electronics reports Q1 FY2024 net income of $2.0M, reversing prior-year loss

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000971
- JSON: https://secwatch.observer/filing/0001185185-23-000971.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000971.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended July 31, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/39020/000118518523000971/0001185185-23-000971-index.htm

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