Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $55.4M | $50.4M | $39.4M | $49.5M | $41.5M | $54.3M | $48.3M | $40.8M | $55.3M | $69.8M |
| Revenue growth | — | -9.1% | -21.7% | 25.6% | -16.2% | 30.7% | -11.0% | -15.6% | 35.6% | 26.3% |
| Gross profit | $19.3M | $11.2M | $5.16M | $15.8M | $5.75M | $16.9M | $8.60M | $7.85M | $18.6M | $30.1M |
| Gross margin | 34.8% | 22.3% | 13.1% | 31.9% | 13.8% | 31.2% | 17.8% | 19.2% | 33.6% | 43.1% |
| Operating income | $2.47M | -$7.53M | -$12.4M | -$2.82M | -$10.9M | -$958K | -$8.04M | -$4.67M | $5.02M | $11.7M |
| Operating margin | 4.5% | -14.9% | -31.5% | -5.7% | -26.3% | -1.8% | -16.6% | -11.5% | 9.1% | 16.8% |
| Net income | $1.00M | -$4.82M | -$23.8M | -$2.53M | -$10.0M | $680K | -$8.66M | -$5.50M | $5.59M | $23.7M |
| Net margin | 1.8% | -9.6% | -60.3% | -5.1% | -24.2% | 1.3% | -17.9% | -13.5% | 10.1% | 33.9% |
| EPS (diluted) | $0.11 | -$0.55 | -$2.69 | -$0.28 | -$1.10 | $0.07 | — | — | $0.59 | $2.46 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.92M | $3.89M | $4.53M | -$97.0K | -$1.41M | $12.2M | $4.04M | $1.18M | $8.71M | -$1.43M |
| Capital expenditures | $3.26M | $5.23M | $1.42M | $2.77M | $1.48M | $1.24M | $1.86M | $918K | $1.49M | $1.81M |
| Free cash flow | -$340K | -$1.34M | $3.12M | -$2.86M | -$2.89M | $10.9M | $2.18M | $257K | $7.22M | -$3.24M |
| Share buybacks | — | — | — | — | — | — | — | — | $0.00 | $377K |
| Dividends paid | — | — | — | — | — | — | $0.00 | $9.35M | $0.00 | $9.57M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.82M | $2.16M | $7.87M | $3.68M | $3.81M | $9.81M | $11.6M | $12.0M | $18.3M | $4.72M |
| Total assets | $122M | $113M | $83.6M | $86.8M | $91.3M | $96.7M | $84.8M | $74.5M | $83.3M | $93.7M |
| Total liabilities | $28.8M | $24.0M | $20.3M | $23.7M | $37.0M | $41.3M | $38.1M | $41.6M | $43.4M | $38.1M |
| Shareholders' equity | $93.4M | $89.3M | $63.3M | $63.1M | $54.2M | $55.4M | $46.7M | $32.9M | $39.8M | $55.6M |
| Retained earnings | $28.5M | $23.7M | -$65.0K | -$2.11M | -$12.1M | -$11.5M | -$20.1M | -$25.6M | -$20.0M | $3.66M |
| Shares (wtd avg diluted) | 8.94M | 8.79M | 8.84M | 9.16M | 9.33M | 9.25M | 9.27M | 9.34M | 9.43M | 9.61M |
Every figure is extracted from FREQUENCY ELECTRONICS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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