Frequency Electronics reports FY2024 revenues of $55.3M and declares special dividend of $1.00 per share

FREQUENCY ELECTRONICS INC

Revenue for FY2024 was $55.3 million, up 36% from $40.8 million in FY2023.
Net income for FY2024 was $5.6 million ($0.59 per diluted share) vs. net loss of $5.5 million in prior year.
Backlog at April 30, 2024 was $78 million, a record high for the Company.
The Board declared a special cash dividend of $1.00 per share, payable August 29, 2024, totaling ~$9.4 million.
Operating income improved to $5.0 million from an operating loss of $4.7 million in FY2023.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.