Frequency Electronics (FEIM) Reports Q2 Loss of $0.33
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Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2023 Financial Results
September 13, 2022 4:01 PM EDTMITCHEL FIELD, N.Y., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (FEI or the Company) (NASDAQ-FEIM) is reporting revenues for the first quarter ended July 31, 2022, of approximately $8.2 million compared to revenues of $13.0 million for the first quarter of fiscal 2022, ended July 31, 2021. Operating loss for the first quarter of fiscal 2023 was $3.1 million compared to an operating loss of $1.7 million for the same period of fiscal 2022. Net loss from operations was $3.1 million or ($0.33) per diluted share compared to a net loss of $1.6 million or ($0.17) per diluted share for the first quarter of fiscal year 2022.
FEI Interim President and CEO,... More
