UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-4383 ESPEY MFG. & ELECTRONICS CORP. (Exact name of registrant as specified in its charter) NEW YORK Trading Symbol 14-1387171 (State of incorporation) ESP (I.R.S. Employe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-4383 image provided by client ESPEY MFG. & ELECTRONICS CORP. (Exact name of registrant as specified in its charter) NEW YORK Trading Symbol 14-1387171 (State of incorpor ...

Revenue and Orders - Management expects revenues in fiscal year 2023 to be higher than in fiscal year 2022, driven by existing sales backlog[30]. - The total backlog as of June 30, 2022, was approximately $76.8 million, up from $65.6 million at June 30, 2021[36]. - The company received $43.2 million in new orders during fiscal year 2022, with expectations for new orders in fiscal 2023 to exceed this amount[35]. - The company has outstanding opportunities exceeding $74.6 million as of August 31, 2022, for both repeat and new programs[38]. Financial Performance - Gross profits for the twelve months ended June 30, 2022, were $5,472,158, representing a gross profit margin of 17% compared to 12.1% in the previous year[45]. - Net income for fiscal year 2022 was $1,265,127, or $0.52 per share, compared to a net loss of $(181,543), or $(0.08) per share, for fiscal year 2021[50]. - Selling, general, and administrative expenses for fiscal year 2022 were $3,942,991, an increase of $157,245 compared to the previous year[47]. - The effective tax rate for fiscal year 2022 was 20.6%, compared to a benefit of 50.7% in fiscal year 2021[49]. Cash Flow and Capital Management - Net cash provided by operating activities for the fiscal year 2022 was $2,219,687, compared to $594,996 in 2021[52]. - Net cash used in investing activities increased to $(918,339) in 2022 from $2,006,910 in 2021, primarily due to reinvestment of matured securities[52]. - The Company did not repurchase any shares held by the ESOP during the twelve months ended June 30, 2022, and has authorization to purchase an additional $783,460 of Company stock[52]. - Cash flow generated from operations is expected to be sufficient to meet long-term funding requirements for the foreseeable future[53]. - There was no cash used for financing activities in the twelve months ended June 30, 2022, due to the suspension of dividend payments[52]. - The increase in cash provided by operating activities was primarily due to an increase in net income and a decrease in inventory purchases[52]. Operational Challenges - The company continues to face inflationary cost challenges impacting operating income in fiscal year 2023 due to rising raw material and labor costs[32]. - Engineering programs in the backlog aggregate $7.3 million, with successful conversion dependent on timely execution and completion[34]. Working Capital and Investments - The Company's working capital as of June 30, 2022, was approximately $29.5 million, an increase from $27.5 million in 2021[52]. - Management has budgeted approximately $500,000 for new equipment and plant improvements in fiscal year 2023[54]. - The Company has a reserve for bad debts of $3,000, which management believes is adequate given the customer base[55]. - The Company did not borrow any funds during the last two fiscal years and has a $3,000,000 line of credit available if necessary[52].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-4383 ESPEY MFG. & ELECTRONICS CORP. (Exact name of registrant as specified in its charter) NEW YORK Trading Symbol 14-1387171 (State of incorporation) ESP (I.R.S. Employer's ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-4383 ESPEY MFG. & ELECTRONICS CORP. (Exact name of registrant as specified in its charter) NEW YORK Trading Symbol 14-1387171 (State of incorporation) ESP (I.R.S. Employe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 Commission File Number 1-4383 ESPEY MFG. & ELECTRONICS CORP. (Exact name of registrant as specified in its charter) NEW YORK Trading Symbol 14-1387171 (State of incorporation) ESP (I.R.S. Employer's Identification No.) 233 Ballston Avenue, Saratoga Springs, New York 12866 (Address of princ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2021 Commission File Number I-4383 ESPEY MFG. & ELECTRONICS CORP. (Exact name of registrant as specified in its charter) NEW YORK 14-1387171 (State of incorporation) (I.R.S. Employer's Identification No.) 233 Ballston Avenue, Saratoga Springs, New York 12866 (Address of principal executive offices) 518-584- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 Commission File Number I-4383 ESPEY MFG. & ELECTRONICS CORP. (Exact name of registrant as specified in its charter) NEW YORK Trading Symbol 14-1387171 (State of incorporation) ESP (I.R.S. Employer's Identification No.) 233 Ballston Avenue, Saratoga Springs, New York 12866 (Address of principal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 Commission File Number I-4383 ESPEY MFG. & ELECTRONICS CORP. (Exact name of registrant as specified in its charter) NEW YORK Trading Symbol 14-1387171 (State of incorporation) ESP (I.R.S. Employer's Identification No.) 233 Ballston Avenue, Saratoga Springs, New York 12866 (Address of princi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 Commission File Number I-4383 ESPEY MFG. & ELECTRONICS CORP. (Exact name of registrant as specified in its charter) NEW YORK Trading Symbol 14-1387171 (State of incorporation) ESP (I.R.S. Employer's Identification No.) 233 Ballston Avenue, Saratoga Springs, New York 12866 (Address of princ ...