Frequency Electronics, Inc. (FEIM) financial statements (2022 and earlier)

Company profile

Business Address 55 CHARLES LINDBERGH BLVD
MITCHEL FIELD, NY 11553
State of Incorp. DE
Fiscal Year End April 30
SIC 3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,24320,12014,37811,88214,0189,97817,193
Cash and cash equivalents12,1369,8073,8083,6837,8692,1636,082
Short-term investments10,10710,31310,5708,1996,1497,81511,111
Receivables6,8345,5154,3926,3624,26810,9869,000
Inventory, net of allowances, customer advances and progress billings19,71019,66122,95823,35626,18629,05141,278
Inventory19,71019,66122,95823,35626,18629,05141,278
Prepaid expense450      
Contract with customer, asset 1,9486,9536,670
Disposal group, including discontinued operation   1,347 8,165 
Costs in excess of billings 7,96412,377
Other undisclosed current assets1,1551,4352,5543,0827,6033,7114,463
Total current assets:50,39248,67951,23552,69952,07569,85584,311
Noncurrent Assets
Operating lease, right-of-use asset9,1499,77310,864
Property, plant and equipment9,1749,61211,26713,03814,12714,81313,072
Intangible assets, net (including goodwill), including:617617617617617617617
Other undisclosed intangible assets, net (including goodwill)617617617617617617617
Disposal group, including discontinued operation, noncurrent assets   202 569 
Other noncurrent assets1,7351,9392,5035,9232,8502,1871,693
Other undisclosed noncurrent assets10,14915,39614,79014,29213,91525,27820,521
Total noncurrent assets:30,82437,33740,04134,07231,50943,46435,903
TOTAL ASSETS:81,21686,01691,27686,77183,584113,319120,214
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,3516,3255,4064,7595,2575,8628,758
Accounts payable1,1881,0801,4241,1881,8412,4372,650
Accrued liabilities4,1635,2453,9823,5713,4163,4256,108
Debt  4,965    
Disposal group, including discontinued operation   1,078 2,249 
Other liabilities23657748    
Other undisclosed current liabilities4,8541,7151,869    
Total current liabilities:10,4418,09712,9885,8375,2578,1118,758
Noncurrent Liabilities
Long-term debt and lease obligation7,7088,3669,444   6,000
Long-term debt, excluding current maturities      6,000
Operating lease, liability7,7088,3669,444
Liabilities, other than long-term debt9,22014,14414,60817,84515,06515,87612,104
Deferred compensation liability, classified9,09314,01714,25814,21613,54113,25211,773
Deferred income tax liabilities888
Disposal group, including discontinued operation, liabilities   2,253 1,215 
Other liabilities1191193421,3761,5241,409331
Total noncurrent liabilities:16,92822,51024,05217,84515,06515,87618,104
Total liabilities:27,36930,60737,04023,68220,32223,98726,862
Stockholders' equity
Stockholders' equity attributable to parent53,84755,40954,23663,08963,26289,33293,352
Common stock9,2859,2269,1649,1649,1649,1649,164
Treasury stock, value(6)(6)(195)(841)(1,361)(1,592)(1,885)
Additional paid in capital57,83457,35556,91456,83156,43955,76755,576
Accumulated other comprehensive income (loss)429149046(915)2,2811,964
Retained earnings (accumulated deficit)(13,270)(11,457)(12,137)(2,111)(65)23,71228,533
Total stockholders' equity:53,84755,40954,23663,08963,26289,33293,352
TOTAL LIABILITIES AND EQUITY:81,21686,01691,27686,77183,584113,319120,214

Income statement (P&L) ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues53,77854,25441,50749,50939,40750,35160,394
Cost of revenue(37,678)(37,333)(35,759)(33,720)(34,244)(39,102)(39,958)
Provision for loan, lease, and other losses 117(1,385)(1,128)(5,350)
Gross profit:16,10016,9215,74815,7895,16311,24920,436
Operating expenses(18,106)(17,879)(16,670)(18,606)(17,558)(18,774)(19,134)
Operating income (loss):(2,006)(958)(10,922)(2,817)(12,395)(7,525)1,302
Nonoperating income (expense)1,4711,561(739)4271,199636904
Investment income, nonoperating3374583292931,268549492
Other nonoperating income (expense)1,1341,103(1,068)134(69)87412
Interest and debt expense(102)(127)(107)(83)(79)(150)(131)
Income (loss) from continuing operations before income taxes:(637)476(11,768)(2,473)(11,275)(7,039)2,075
Income tax expense (benefit)2372041,742(56)(11,176)2,115(1,070)
Income (loss) from continuing operations:(400)680(10,026)(2,529)(22,451)(4,924)1,005
Loss from discontinued operations    (1,326)(544) 
Net income (loss):(400)680(10,026)(2,529)(23,777)(5,468)1,005
Other undisclosed net income attributable to parent     647 
Net income (loss) available to common stockholders, diluted:(400)680(10,026)(2,529)(23,777)(4,821)1,005

Comprehensive Income ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income (loss):(400)680(10,026)(2,529)(23,777)(5,468)1,005
Other comprehensive income (loss)(287)(199)444961(3,196)317(926)
Other undisclosed comprehensive loss(199)      
Comprehensive income (loss):(886)481(9,582)(1,568)(26,973)(5,151)79
Other undisclosed comprehensive income, net of tax, attributable to parent39    647 
Comprehensive income (loss), net of tax, attributable to parent:(847)481(9,582)(1,568)(26,973)(4,504)79

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: