Frequency Electronics Inc income statement
In fiscal 2026, Frequency Electronics Inc reported revenue of $63.2m, down 9.4% on the year before, operating income of −$3.0m (a -4.7% margin) and net income of −$903,000, or −$0.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Apr 2011 | 2012Apr 2012 | 2013Apr 2013 | 2014Apr 2014 | 2015Apr 2015 | 2016Apr 2016 | 2017Apr 2017 | 2018Apr 2018 | 2019Apr 2019 | 2020Apr 2020 | 2021Apr 2021 | 2022Apr 2022 | 2023Apr 2023 | 2024Apr 2024 | 2025Apr 2025 | 2026Apr 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 53 | 64 | 69 | 72 | 77 | 55 | 50 | 39 | 50 | 42 | 54 | 48 | 41 | 55 | 70 | 63 | 73 |
| Cost of revenue | 33 | 39 | 44 | 47 | 53 | 36 | 39 | 34 | 34 | 36 | 37 | 40 | 33 | 37 | 40 | 45 | 49 |
| Gross profit | 20 | 25 | 25 | 25 | 24 | 19 | 11 | 5 | 16 | 6 | 17 | 9 | 8 | 19 | 30 | 18 | 24 |
| Research and development | 5 | 4 | 6 | 6 | 6 | 5 | 7 | 7 | 7 | 5 | 5 | 5 | 3 | 3 | 6 | 6 | 6 |
| Selling, general and administrative | 11 | 14 | 15 | 14 | 14 | 11 | 12 | 11 | 12 | 12 | 13 | 12 | 9 | 10 | 12 | 15 | 16 |
| Operating income | 3 | 7 | 5 | 5 | 4 | 2 | −8 | −12 | −3 | −11 | −1 | −8 | −5 | 5 | 12 | −3 | 2 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 4 | 7 | 5 | 6 | 5 | 3 | −7 | −11 | −2 | −12 | 0 | −9 | −5 | 5 | 12 | −3 | 2 |
| Income tax | −2 | −1 | 1 | 2 | 2 | 1 | −2 | 11 | 0 | −2 | −0 | 0 | 0 | −0 | −12 | −2 | −1 |
| Net income | 6 | 7 | 4 | 4 | 3 | 1 | −5 | −24 | −3 | −10 | 1 | −9 | −6 | 6 | 24 | −1 | 3 |
| Diluted EPS | $0.72 | $0.86 | $0.43 | $0.46 | $0.32 | $0.11 | −$0.55 | −$2.69 | −$0.28 | −$1.10 | $0.07 | — | — | $0.59 | $2.46 | −$0.09 | $0.27 |
| Diluted shares (average) | 8m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 10m | 10m | 10m |
| EBITDA | 5 | 9 | 7 | 7 | 7 | 5 | −5 | −10 | −0 | −8 | 2 | −5 | −2 | 7 | 14 | −1 | 4 |
| Quarter | 2025 Q2Oct 2024 | 2025 Q3Jan 2025 | 2025 Q4Apr 2025 | 2026 Q1Jul 2025 | 2026 Q2Oct 2025 | 2026 Q3Jan 2026 | 2026 Q4Apr 2026 | 2027 Q1Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 19 | 20 | 14 | 17 | 17 | 15 | 23 |
| Cost of revenue | 8 | 11 | 12 | 9 | 11 | 10 | 15 | 13 |
| Gross profit | 8 | 8 | 7 | 5 | 7 | 7 | 0 | 11 |
| Research and development | 2 | 1 | 2 | 1 | 1 | 2 | 2 | 1 |
| Selling, general and administrative | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 4 |
| Operating income | 3 | 3 | 3 | 0 | 2 | 1 | −6 | 5 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 3 | 4 | 3 | 1 | 2 | 1 | −7 | 5 |
| Income tax | 0 | −12 | 0 | −0 | −0 | −0 | −2 | 1 |
| Net income | 3 | 15 | 3 | 1 | 2 | 2 | −5 | 4 |
| Diluted EPS | $0.28 | $1.60 | $0.32 | $0.07 | $0.18 | $0.16 | −$0.50 | $0.41 |
| EBITDA | 3 | 4 | 4 | 1 | 2 | 2 | −6 | 5 |
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