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Frequency Electronics, Inc. reported earnings results for the third quarter and nine months ended January 31, 2024. For the third quarter, the company reported sales was USD 13.71 million compared to USD 10.62 million a year ago. Net income was USD 0.13 million compared to net loss of USD 0.316 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.03 a year ago.For the nine months, sales was USD 39.7 million compared to USD 27.77 million a year ago. Net income was USD 2.97 million compared to net loss of USD 5.75 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to basic loss per share from continuing operations of USD 0.62 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to diluted loss per share from continuing operations of USD 0.62 a year ago.
Period Ending: | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 |
---|---|---|---|---|
Total Revenue | 13.71 | 13.58 | 12.41 | 13 |
Gross Profit | 3.1 | 4.33 | 4.87 | 4.04 |
Operating Income | -0.473 | 0.938 | 2.06 | 0.393 |
Net Income | 0.13 | 0.797 | 2.04 | 0.246 |
Period Ending: | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 |
---|---|---|---|---|
Total Assets | 77.74 | 74.73 | 75.97 | 74.5 |
Total Liabilities | 41.07 | 38.47 | 40.8 | 41.61 |
Total Equity | 36.67 | 36.26 | 35.17 | 32.89 |
Period Ending: | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | -0.18 | -2.8 | -0.773 | |
Cash From Investing Activities | -0.173 | -0.187 | -0.032 | |
Cash From Financing Activities | 0 | |||
Net Change in Cash | -0.353 | -2.99 | -0.805 |
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