FREQUENCY ELECTRONICS, INC.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $39.4M | $50.4M | $55.4M | $76.6M | $71.6M | $68.9M | $63.6M | $53.2M |
| Cost of Revenue | $34.2M | $39.1M | $36.1M | $53.0M | $46.8M | $43.8M | $39.0M | $33.3M |
| Gross Profit | $5.2M | $11.2M | $19.3M | $23.5M | $24.8M | $25.1M | $24.6M | $20.0M |
| Gross Margin | 13.1% | 22.3% | 34.8% | 30.8% | 34.6% | 36.4% | 38.7% | 37.5% |
| Operating Expenses | ||||||||
| Research & Development | $7.0M | $6.9M | $5.4M | $5.7M | $5.8M | $5.7M | $3.9M | $5.1M |
| SG&A Expense | $10.6M | $11.9M | $11.4M | $14.2M | $14.1M | $14.7M | $14.1M | $11.4M |
| Operating Income | $-12.4M | $-7.5M | $2.5M | $3.7M | $4.9M | $4.7M | $6.7M | $3.5M |
| Operating Margin | -31.5% | -14.9% | 4.5% | 4.8% | 6.8% | 6.8% | 10.5% | 6.6% |
| Interest Expense | $79.0K | $150.0K | $131.0K | $139.0K | $156.0K | $195.0K | $121.0K | $118.0K |
| Pretax Income | $-11.3M | $-7.0M | $3.3M | $4.5M | $6.3M | $5.1M | $6.8M | $3.6M |
| Income Tax Expense | $11.2M | $-2.1M | $1.1M | $1.7M | $2.3M | $1.4M | $-560.0K | $-2.4M |
| Net Income | $-23.8M | $-4.8M | $1.0M | $2.8M | $4.0M | $3.7M | $7.4M | $6.0M |
| Net Margin | -60.3% | -9.6% | 1.8% | 3.7% | 5.6% | 5.3% | 11.6% | 11.3% |
| EPS (Basic) | $-2.69 | $-0.55 | $0.12 | $0.33 | $0.47 | $0.44 | $0.89 | $0.73 |
| EPS (Diluted) | $-2.69 | $-0.55 | $0.11 | $0.32 | $0.46 | $0.43 | $0.86 | $0.72 |
| Shares Outstanding (Basic) | 8.8M | 8.8M | 8.7M | 8.6M | 8.5M | 8.4M | 8.3M | 8.3M |
| Shares Outstanding (Diluted) | 8.8M | 8.8M | 8.9M | 8.9M | 8.8M | 8.6M | 8.5M | 8.4M |
| Dividends Per Share | — | — | — | — | — | $0.20 | — | — |