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FEIM Price Correlated With Financials For Frequency Electronics

Free historical financial statements for Frequency Electronics Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 45 quarters since 2011. Compare with FEIM stock chart to see long term trends.

FEIM Stock Compared to Quarterly

FEIM Income Statement

Revenue, Net:8204000
Revenue Per Share:0.8809
Cost of Goods & Services Sold:8209000
Gross Profit:-5000
Selling, General & Admin Expense:1992000
Research & Development Expense:1110000
Operating Income:-3116000
Income Taxes:1000
Net Income:-3117000
Earnings Per Share, Diluted:-0.33
Shares Outstanding, Basic Avg:9313509

FEIM Cash Flow

Operating Activities Net Income:
Net Cash from Operations:-3574000
Net Cash from Operations Per Share:-0.3837
Net Cash from Financing Activities:null
Property, Plant & Equipment Purchases:465000
Net Cash from Investing Activities:-741000
Net Change in Cash & Equivalents:-4315000

FEIM Balance Sheet

Cash and Cash Equivalents:7246000
Short-Term Investments:10221000
Accounts Receivable, Net:3819000
Total Current Assets:54402000
Property, Plant & Equipment, Net:8456000
Total Assets:82833000
Total Short-Term Liabilities:23498000
Total Liabilities:39151000

Insider Trading

SEC Form 4
Edenbrook Capital, LLC   Director and 10% Owner
2,500 sh at $6
Edenbrook Capital, LLC   Director and 10% Owner
6,810 sh at $6

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Dimensional Fund Advisors LP
788,251 sh
187,102 sh
Royce & Associates Lp
445,585 sh
-18,300 sh
Vanguard Group Inc
328,138 sh
Blackrock Inc.
159,487 sh
-2,481 sh
Janney Montgomery Scott LLC
151,450 sh
450 sh
King Luther Capital Management Corp
100,000 sh
Shufro Rose & Co LLC
93,762 sh
-980 sh
Bridgeway Capital Management Inc
45,000 sh
State Street Corp
34,626 sh
Geode Capital Management, LLC
33,597 sh
294 sh
Moors & Cabot, Inc.
33,324 sh
Morgan Stanley
2,833 sh
-6,667 sh
Acadian Asset Management LLC
2,568 sh
Tower Research Capital LLC (Trc)
1,177 sh
518 sh
UBS Group Ag
1,036 sh
-680 sh
Whittier Trust Co
60 sh
60 sh
Kennedy Capital Management, Inc.
0 sh
-198,070 sh
HM Payson & Co
0 sh
-2,333 sh
Proequities, Inc.
0 sh
NOTE A – CONDENSED CONSOLIDATED FINANCIAL STATEMENTS In the opinion of management of Frequency Electronics, Inc. (the “Company”), the accompanying unaudited condensed consolidated interim financial statements reflect all adjustments (which include only normal recurring adjustments) necessary to present fairly, in all material respects, the condensed consolidated financial position of the Company as of July 31, 2022 and the results of its operations, changes in stockholders’ equity for the three months ended July 31, 2022 and 2021, and cash flows for the three months ended July 31, 2022 and 2021. The April 30, 2022 condensed consolidated balance sheet was derived from audited financial statements. These financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP’). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. These condensed consolidated interim financial statements should be read in conjunction with the annual consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2022, filed on July 14, 2022 with the Securities and Exchange Commission (the “Form 10-K”). The results of operations for such interim periods are not necessarily indicative of the operating results for the full fiscal year. COVID-19 Pandemic, and Other Macroeconomic Factors The full impact of the COVID-19 pandemic continues to evolve as of the date of this report. As such, it is uncertain as to the full magnitude that the pandemic may ultimately have on the Company’s financial condition, liquidity, and future financial results. For the three months ended July 31, 2022, the Company has been impacted by employee absenteeism related to direct or indirect effects of the COVID-19 pandemic, delays in the receipt of anticipated new contracts from customers administratively affected by the pandemic and limited availability or delivery delays of parts and materials from vendors affected by the pandemic. FEI-Zyfer’s operations were particularly affected as evidenced by decreases in sales and gross margin during fiscal year 2022, which continued during the three months ended July 31, 2022. Management is actively monitoring the impact of the global situation on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the continuing changing dynamics of the COVID-19 pandemic the Company is not able to estimate the potential adverse effects on its operations, financial condition, or liquidity for the remainder of fiscal year 2023. As of July 31, 2022, the Company has returned to essentially normal operations and will continue to follow federal and state guidelines with an emphasis on employee safety. The Company faces various future COVID-19 related risks, and risks resulting from geopolitical conflicts. The Company is dependent on its workforce to design and manufacture its products. If significant portions of the Company’s workforce are unable to work effectively, or if the U.S. Government, state and/or other customers or supplier operations are curtailed due to illness, quarantines, government actions, facility closures, or other restrictions, the Company’s operations may be negatively impacted. If faced with any of these factors, the Company may be unable to perform fully on its contracts and costs may increase. These cost increases may not be fully recoverable or adequately covered by insurance. Due to continuing geopolitical circumstances resulting in increased inflation, energy and commodity prices may continue escalating which may adversely affect the Company’s financial results. Also, certain Company vendors have been unable to deliver materials on time due to COVID-19 related impacts to their workforces or their supply chains. These delays impacted the Company’s production costs and s

Data imported from Frequency Electronics Inc SEC filings. Check original filings before making any investment decision.