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

Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2026-03-11T23:59:59+00:00
Accession:  0001185185-26-000840
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frequency Electronics Q3 net income drops 90% YoY to $1.6M; backlog record $83M
-------------------------------------------------------------------------------

- Revenue $16.9M (down 11% YoY from $18.9M); net income $1.6M ($0.16 diluted EPS) vs $15.4M ($1.60) last year.
- Operating income fell to $1.3M from $3.5M; funded backlog rose to record $83M vs $70M at April 30, 2025.
- CEO disclosed two new contracts worth ~$45M, among the largest ever won, boosting core space and defense business.
- Company is debt-free; collected over $11M in cash since Feb 1, expects growing cash position through Q4.
- Management targets surpassing $100M funded backlog and sees multi-year growth from core and quantum/satellite wins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518526000840/0001185185-26-000840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518526000840/feim8k031126.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-000840

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