secwatch.observer — SEC 8-K summary
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Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001185185-24-000716
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518524000716/0001185185-24-000716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518524000716/freqelec20240722_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000716

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