$FEIM

FREQUENCY ELECTRONICS INC

CIK:0000039020|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Income Statement [Abstract]
Revenues	$ 23,451	$ 13,812
Cost of revenues	12,701	8,730
Gross margin	10,750	5,082
Selling, general, and administrative expenses	4,105	3,585
Research and development expenses	1,445	1,133
Operating income	5,200	364
Other income (expense):
Income on investments	61	218
Interest expense	(19)	(23)
Other expense, net	0	(2)
Income before provision (benefit) for income taxes	5,242	557
Provision (benefit) for income taxes	1,026	(77)
Net income	$ 4,216	$ 634
Net income per common share:
Basic income per share (in Dollars per share)	$ 0.41	$ 0.07
Diluted income per share (in Dollars per share)	$ 0.41	$ 0.07
Weighted average shares outstanding:
Basic (in Shares)	10,231,992	9,723,165
Diluted (in Shares)	10,231,992	9,723,165

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Cash flows from operating activities:
Net income	$ 4,216	$ 634
Non-cash charges to earnings	2,508	1,809
Net changes in operating assets and liabilities	(4,102)	(1,282)
Net cash provided by operating activities	2,622	1,161
Cash flows from investing activities:
Purchase of fixed assets	(844)	(776)
Acquisition of equity method investment	(100)	0
Net cash used in investing activities	(944)	(776)
Cash flows from financing activities:
Purchase of treasury stock	0	(583)
Payments for public offering issuance costs	(617)
Proceeds from public offering, net	58,750	0
Net cash provided by (used in) financing activities	58,133	(583)
Net increase (decrease) in cash and cash equivalents and restricted cash	59,811	(198)
Cash and cash equivalents and restricted cash at beginning of period	2,934	6,085
Cash and cash equivalents and restricted cash at end of period	62,745	5,887
Interest	19	23
Income Taxes	2	0
Non-cash investing and financing activities:
Acquisition of an equity method investment through the incurrence of a liability	$ 400	$ 0

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2026	Apr. 30, 2026
Current assets:
Cash and cash equivalents	$ 61,407	$ 1,603
Accounts receivable, net of allowances of $39 at July 31, 2026 and at April 30, 2026	6,224	4,637
Contract assets	19,637	17,277
Inventories	22,206	22,618
Prepaid income taxes	85	221
Prepaid expenses and other	1,493	1,620
Total current assets	111,052	47,976
Property, plant, and equipment, net	7,661	7,105
Deferred taxes	13,219	14,084
Goodwill	218	218
Cash surrender value of life insurance and assets held in trust	11,797	11,744
Right-of-use assets – operating leases	6,953	7,409
Restricted cash	1,338	1,331
Other assets	1,339	839
Total assets	153,577	90,706
Current liabilities:
Accounts payable – trade	1,593	2,979
Accrued liabilities	6,005	6,482
Loss provision accrual	14	103
Operating lease liability, current portion	1,679	2,002
Contract liabilities	11,519	9,418
Total current liabilities	20,810	20,984
Deferred compensation	7,617	7,664
Operating lease liability, non-current portion	5,283	5,648
Other liabilities	30	7
Total liabilities	33,740	34,303
Stockholders’ equity:
Preferred stock - $1.00 par value; authorized 600 shares, no shares issued and outstanding	0	0
Common stock - $1.00 par value; authorized 20,000 shares, 11,017 shares issued and 10,961 shares outstanding at July 31, 2026; 9,925 shares issued and 9,869 shares outstanding at April 30, 2026	11,017	9,925
Additional paid-in capital	103,632	45,506
Retained earnings	6,972	2,756
Common stock reacquired and held in treasury - at cost (56 shares at July 31, 2026 and at April 30, 2026)	(1,784)	(1,784)
Total stockholders’ equity	119,837	56,403
Total liabilities and stockholders’ equity	$ 153,577	$ 90,706