FREQUENCY ELECTRONICS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $63.2M | $69.8M | $55.3M | $40.8M | $48.3M | $54.3M | $41.5M | $49.5M |
| Cost of Revenue | $44.8M | $39.7M | $36.7M | $32.9M | $39.7M | $37.3M | $35.8M | $33.7M |
| Gross Profit | $18.4M | $30.1M | $18.6M | $7.8M | $8.6M | $16.9M | $5.7M | $15.8M |
| Gross Margin | 29.1% | 43.1% | 33.6% | 19.2% | 17.8% | 31.2% | 13.8% | 31.9% |
| Operating Expenses | ||||||||
| Research & Development | $6.0M | $6.1M | $3.4M | $3.1M | $5.0M | $4.7M | $5.1M | $6.5M |
| SG&A Expense | $15.4M | $12.3M | $10.2M | $9.4M | $11.7M | $13.2M | $11.6M | $12.1M |
| Operating Income | $-3.0M | $11.7M | $5.0M | $-4.7M | $-8.0M | $-958.0K | $-10.9M | $-2.8M |
| Operating Margin | -4.7% | 16.8% | 9.1% | -11.5% | -16.6% | -1.8% | -26.3% | -5.7% |
| Interest Expense | $87.0K | $104.0K | $109.0K | $156.0K | $77.0K | $127.0K | $107.0K | $83.0K |
| Pretax Income | $-2.9M | $12.1M | $5.5M | $-5.4M | $-8.7M | $476.0K | $-11.8M | $-2.5M |
| Income Tax Expense | $-2.0M | $-11.5M | $-130.0K | $74.0K | $1.0K | $-204.0K | $-1.7M | $56.0K |
| Net Income | $-903.0K | $23.7M | $5.6M | $-5.5M | $-8.7M | $680.0K | $-10.0M | $-2.5M |
| Net Margin | -1.4% | 33.9% | 10.1% | -13.5% | -17.9% | 1.3% | -24.2% | -5.1% |
| EPS (Basic) | $-0.09 | $2.46 | $0.59 | — | — | $0.07 | $-1.10 | $-0.28 |
| EPS (Diluted) | $-0.09 | $2.46 | $0.59 | — | — | $0.07 | $-1.10 | $-0.28 |
| Shares Outstanding (Basic) | 9.8M | 9.6M | 9.4M | 9.3M | 9.3M | 9.2M | 9.1M | 8.9M |
| Shares Outstanding (Diluted) | 9.8M | 9.6M | 9.4M | 9.3M | 9.3M | 9.2M | 9.3M | 9.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |