secwatch.observer — SEC 8-K summary
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Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001185185-24-000239
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frequency Electronics Q3 revenue rises to $13.7M but posts operating loss of $0.5M; backlog record $67M
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- Revenue $13.7M (Q3) +29% YoY; 9-month revenue $39.7M vs $27.8M.
- Q3 net income $0.1M ($0.01 EPS) vs net loss $0.3M (-$0.03) YoY.
- Backlog at all-time high $67M, up from $57M at fiscal year-end.
- Operating loss $0.5M in Q3 due to technical challenges on one new development program; management expects full-year operating profit.
- Expects significant free cash flow in Q4; satellite payloads revenue 50% of total.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518524000239/0001185185-24-000239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518524000239/freqelec20240314_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000239

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