FREQUENCY ELECTRONICS INC incurred revolving credit of $10,000,000 with JPMorgan Chase Bank, N.A. at SOFR plus 2.50% maturing June 12, 2029.
“revolving credit facility with JPMorgan Chase Bank, N.A., as the lender (the “Credit Agreement”). The Credit Agreement provides for a three-year revolving credit facility of $10,000,000, of which up to $5,000,000 is available for the issuance of letters of credit. The Credit Agreement provides that the Company may, at its option, increase the aggregate amount of”
Material Agreements
FREQUENCY ELECTRONICS INC entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $10,000,000 (effective 2026-06-12).
“On June 12, 2026, Frequency Electronics, Inc. (the “Company”) entered into a senior, secured revolving credit facility with JPMorgan Chase Bank, N.A., as the lender (the “Credit Agreement”).”
Earnings Releases
FREQUENCY ELECTRONICS INC reported financial results for the third quarter and fiscal year 2026.
“On March 11, 2026, Frequency Electronics, Inc. (the "Company") issued a press release (the "Press Release") announcing its financial results for the quarter ended January 31, 2026.”
Earnings Releases
FREQUENCY ELECTRONICS INC reported three-month and nine-month periods of fiscal 2024, ended January 31, 2024 results: revenue approximately $13.7 million and $39.7 million, respectively, net income Net Income from operations for the three and nine months ended January 31, 2024 was $0.1 million or $0.01 per diluted sh, EPS $0.01 per diluted share and $3.0 million or $0.32 per diluted share, respectively.
“Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three-month and nine-month periods of fiscal 2024, ended January 31, 2024, of approximately $13.7 million and $39.7 million, respectively, compared to revenues of $10.6 million and $27.8 million, respectively, for the same periods of fiscal year 2023, ended January 31, 2023. Operating loss for the third quarter of fiscal year 2024 was $0.5 million compared to an operating income of $0.3 million for the same period of fiscal year 2023. Operating Income for the nine months ended January 31, 2024 was $2.5 million compared to an operating loss of $5.1 million for the nine months ended January 31, 2023. Net Income from operations for the three and nine months ended January 31, 2024 was $0.1 million or $0.01 per diluted share and $3.0 million or $0.32 per diluted share, respectively, compared to net losses from operations for the three and nine month ended January 31, 2023 of $0.3 million or ($0.”
Earnings Releases
FREQUENCY ELECTRONICS INC reported financial results for the quarter ended January 31, 2024.
“On March 14, 2024, Frequency Electronics, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended January 31, 2024.”
Earnings Releases
FREQUENCY ELECTRONICS INC reported the three- and six-month periods of fiscal 2024, ended October 31, 2023 results: revenue approximately $13.6 million and $26.0 million, respectively, net income $0.8 million or $0.08 per diluted share and $2.9 million or $0.30 per diluted share, respectively, EPS $0.08 per diluted share and $0.30 per diluted share, respectively.
“Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and six-month periods of fiscal 2024, ended October 31, 2023, of approximately $13.6 million and $26.0 million, respectively, compared to revenues of $8.9 million and $17.2 million, respectively, for the same periods of fiscal year 2023, ended October 31, 2022.”
Shareholder Votes
FREQUENCY ELECTRONICS INC shareholders approved Approval of the non-binding advisory vote on the compensation of the Company’s named executive officers at the 2023-10-05 meeting.
“Approval of the non-binding advisory vote on the compensation of the Company’s named executive officers: FOR AGAINST ABSTAIN BROKER NON-VOTES 5,264,256 287,760 9,509 1,314,082”
Shareholder Votes
FREQUENCY ELECTRONICS INC shareholders approved Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending April 30, 2024 at the 2023-10-05 meeting.
“Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending April 30, 2024: FOR AGAINST ABSTAIN BROKER NON-VOTES 6,863,878 4,837 6,892 0”
Shareholder Votes
FREQUENCY ELECTRONICS INC shareholders approved Election of the following four directors at the 2023-10-05 meeting.
“Election of the following four directors: DIRECTOR FOR WITHHELD BROKER NON-VOTES Jonathan Brolin 4,242,029 1,319,496 1,314,082 Lance Lord 3,831,509 1,730,016 1,314,082 Russell Sarachek 5,305,081 256,444 1,314,082 Richard Schwartz 3,427,744 2,133,781 1,314,082”
Earnings Releases
FREQUENCY ELECTRONICS INC reported the first quarter ended July 31, 2023 results: revenue approximately $12.4 million, net income Net Income from operations was $2.0 million or $0.22 per diluted share, EPS $0.22 per diluted share.
“is reporting revenues for the first quarter ended July 31, 2023, of approximately $12.4 million, compared to revenues of $8.2 million, for the first quarter of fiscal year 2023, ended July 31, 2022. Operating income for the first quarter of fiscal year 2024 was $2.1 million compared to an operating loss of $3.1 million for the same period of fiscal year 2023. Net Income from operations was $2.0 million or $0.22 per diluted share compared to a net loss from operations of $3.1 million or ($0.33) per diluted share for the first quarter of fiscal year 2023”
Auditor Changes
FREQUENCY ELECTRONICS INC engaged Grant Thornton LLP as its auditor.
“(b) Appointment of New Independent Registered Public Accounting Firm On July 27, 2023, the Audit Committee approved the appointment of Grant Thornton LLP (“ Grant Thornton ”) as the Company’s new independent registered public accounting firm, effective upon dismissal of BDO.”
Auditor Changes
FREQUENCY ELECTRONICS INC dismissed BDO USA, P.A. as its auditor.
“The Company notified BDO on July 28, 2023 that it would be dismissed as the Company’s independent registered public accounting firm, effective immediately.”
Earnings Releases
FREQUENCY ELECTRONICS INC reported the three months ended April 30, 2023 results: revenue approximately $13.0 million, net income $246,000 or $0.03 per diluted share, EPS $0.03 per diluted share.
“Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and twelve-month periods of fiscal year 2023, ended April 30, 2023, of approximately $13.0 million and $40.8 million, respectively, compared to revenues of $10.2 million and $48.3 million, respectively, for the same periods of fiscal year 2022, ended April 30, 2022”
Earnings Releases
FREQUENCY ELECTRONICS INC reported the year ended April 30, 2023 results: revenue approximately $40.8 million, net income net loss...of $5.5 million or ($0.59) per diluted share, EPS ($0.59) per diluted share.
“or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and twelve-month periods of fiscal year 2023, ended April 30, 2023, of approximately $13.0 million and $40.8 million, respectively, compared to revenues of $10.2 million and $48.3 million, respectively, for the same periods of fiscal year 2022, ended April 30, 2022. Operating income for the”
Earnings Releases
FREQUENCY ELECTRONICS INC reported the three- and nine-month periods of fiscal 2023, ended January 31, 2023 results: revenue approximately $10.6 million and $27.8 million, respectively, net income Net loss from operations for the three and nine months ended January 31, 2023 was $316,000 or ($0.03) per diluted share, EPS ($0.03) per diluted share.
“Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and nine-month periods of fiscal 2023, ended January 31, 2023, of approximately $10.6 million and $27.8 million, respectively, compared to revenues of $12.2 million and $38.1 million, respectively, for the same periods of fiscal 2022, ended January 31, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.