secwatch.observer — SEC 8-K summary
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Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0001185185-23-000971
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518523000971/0001185185-23-000971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518523000971/freqelec20230914_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000971

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