secwatch.observer — SEC 8-K summary
======================================

Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001185185-23-001288
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frequency Electronics reports Q2 revenue $13.6M, net income $0.8M vs loss year ago; announces $53M in contract wins
--------------------------------------------------------------------------------

- Q2 revenue $13.6M (+53% YoY); operating income $0.9M vs loss $2.3M; diluted EPS $0.08 vs loss $0.25.
- Six-month revenue $26.0M; net income $2.9M ($0.30/diluted share) vs loss $5.4M ($0.58 loss).
- Backlog $49.7M near historic high; three post-quarter contract wins totaling ~$53M (including $25M national security satellite program).
- Non-space U.S. government revenue 60% of Q2 sales vs 44% a year ago; satellite payload revenue 35%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518523001288/0001185185-23-001288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518523001288/freqelec20231212_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-001288

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