{ "ok": true, "cik": "39020", "ticker": "FEIM", "name": "FREQUENCY ELECTRONICS, INC.", "filings": [ { "form": "10-Q", "filed": "2026-09-14", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/39020/000118518526003983/0001185185-26-003983-index.htm" }, { "form": "8-K", "filed": "2026-09-10", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/39020/000118518526003916/0001185185-26-003916-index.htm" }, { "form": "DEF 14A", "filed": "2026-08-28", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/39020/000118518526003746/0001185185-26-003746-index.htm" }, { "form": "8-K", "filed": "2026-08-05", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/39020/000118518526003285/0001185185-26-003285-index.htm" }, { "form": "8-K", "filed": "2026-07-30", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/39020/000118518526003177/0001185185-26-003177-index.htm" }, { "form": "10-K", "filed": "2026-07-17", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/39020/000118518526002997/0001185185-26-002997-index.htm" } ], "events12m": 8, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000039020.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=39020" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up FREQUENCY ELECTRONICS, INC. ($FEIM). Last filing: 10-Q, 2026-09-14. 8 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2026-04-30", "revenue": 63227000, "revenueGrowth1y": -0.0943117846757674, "revenueGrowthPerYear": 0.06966516640130482, "yearsOfData": 5, "operatingMargin": -0.04746389991617505, "operatingMarginPrior": 0.16805374511180188, "netMargin": -0.014281873250351906, "operatingCashFlow": 1282000, "capitalSpending": 2859000, "freeCashFlow": -1577000, "researchAndDevelopment": 5994000, "researchShareOfRevenue": 0.09480127160864821, "cash": 1603000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2022-04-30", "revenue": 48296000 }, { "fiscalYearEnd": "2023-04-30", "revenue": 40777000 }, { "fiscalYearEnd": "2024-04-30", "revenue": 55274000 }, { "fiscalYearEnd": "2025-04-30", "revenue": 69811000 }, { "fiscalYearEnd": "2026-04-30", "revenue": 63227000 } ], "totalEquity": 56403000, "totalAssets": 90706000, "equityRatio": 0.6218221506846294, "returnOnEquity": -0.01600978671347269, "dividendsPaid": 0, "payoutRatio": null, "dividendPerShare": 0.2, "dividendYearsRising": 0, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 47866774.228766225, "high": 85950177.24304147, "baseline": 65222474.76327323, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 47866774.228766225, "high": 85950177.24304147 } }, "edgarette": "🔖 Exposure: revenue $63.2M (FY2026). Experience: revenue down 9.4% on the year, up 7.0% a year over 4 years; operating margin -4.7%, down from 16.8%. Soundness: equity 62.2% of assets, return on equity -1.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $47.9M and $86.0M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (41 filers, $50M+ revenue, its industry group): operating margin -4.7% against a 12.5% median; growth -9.4% against 3.8%.", "peers": { "sic": 3825, "sicDescription": "Instruments For Meas & Testing of Electricity & Elec Signals", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "382", "growth": [ 0.0379, 44 ], "opMargin": [ 0.1249, 41 ], "equityRatio": [ 0.5398, 44 ], "returnOnEquity": [ 0.0747, 42 ], "payoutRatio": [ 0.2196, 18 ] }, "summary": "Frequency Electronics (FEIM) saw revenue fall 9.4% in FY2026 to $63 million, operating margin -4.7% against a 12.5% median for instruments for meas & testing of electricity & elec signals, equity 62.2% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
FREQUENCY ELECTRONICS, INC. against its own record and its peers
Operating marginPeer median 12.5%-4.7%Revenue, on the yearPeer median 3.8%-9.4%Equity of assetsPeer median 54.0%62.2%Return on equityPeer median 7.5%-1.6%Gold tick: the median of 42–44 peers with $50M+ revenue in instruments for meas & testing of electricity & elec signals
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profitHanded back per share$0.2Revenue growth it managed-9.4%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 12, "hits": 8, "rate": 0.6666666666666666, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:04:01.619Z", "hash": "208542b8c26971e2", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Frequency Electronics (FEIM) saw revenue fall 9.4% in FY2026 to $63 million, operating margin -4.7% against a 12.5% median for instruments for meas & testing of electricity & elec signals, equity 62.2% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2026-04-30", "revenue": 63227000, "totalDebt": null, "cash": 1603000 }, "experience": { "revenueGrowth1y": -0.0943117846757674, "revenueGrowthPerYear": 0.06966516640130482, "operatingMargin": -0.04746389991617505, "operatingMarginPrior": 0.16805374511180188, "netMargin": -0.014281873250351906, "freeCashFlow": -1577000 }, "soundness": { "equityRatio": 0.6218221506846294, "returnOnEquity": -0.01600978671347269, "payoutRatio": null, "dividendPerShare": 0.2, "dividendYearsRising": 0, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3825, "sicDescription": "Instruments For Meas & Testing of Electricity & Elec Signals", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "382", "growth": [ 0.0379, 44 ], "opMargin": [ 0.1249, 41 ], "equityRatio": [ 0.5398, 44 ], "returnOnEquity": [ 0.0747, 42 ], "payoutRatio": [ 0.2196, 18 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 47866774.228766225, "high": 85950177.24304147, "baseline": 65222474.76327323, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 12, "hits": 8, "rate": 0.6666666666666666, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:04:01.619Z", "hash": "208542b8c26971e2", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000039020.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=39020" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }