Frequency Electronics

OverviewSuggest Edit

Frequency Electronics designs, develops, manufactures, and sells precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations. The FEI-Zyfer segment designs, develops, and manufactures products for precision time, and frequency generation and synchronization primarily incorporating global positioning system technologies into communications systems, computer networks, test equipment, and military command and control terminals for ground and satellite link applications.
TypePublic
Founded1961
HQUniondale, USMap
Websitefreqelec.com
Employee Ratings2.8More
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Employees (est.) (Feb 2019)300
Revenue (FY, 2018)$39.4 M(-21%)
Share Price (Mar 2019)$12.4 (+15%)

Key People/Management at Frequency Electronics

Martin Bloch

Martin Bloch

President, CEO and Director
Steven Bernstein

Steven Bernstein

CFO
Stanton Sloane

Stanton Sloane

COO
Thomas McClelland

Thomas McClelland

Vice President, Advanced Development
Nicole Mingo

Nicole Mingo

Head Human Resources, Facility Security Officer
Sergio Diaz

Sergio Diaz

Director of IT
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Frequency Electronics Office Locations

Frequency Electronics has an office in Uniondale
Uniondale, US (HQ)
55 Charles Lindbergh Blvd
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Frequency Electronics Financials and Metrics

Frequency Electronics Revenue

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Frequency Electronics's revenue was reported to be $39.41 m in FY, 2018 which is a 21.7% decrease from the previous period.
USD

Revenue (Q2, 2019)

12.1m

Gross profit (Q2, 2019)

4.0m

Gross profit margin (Q2, 2019), %

33.1%

Net income (Q2, 2019)

122.0k

EBIT (Q2, 2019)

(230.0k)

Market capitalization (15-Mar-2019)

108.2m

Closing stock price (15-Mar-2019)

12.4

Cash (31-Oct-2018)

3.9m
Frequency Electronics's current market capitalization is $108.2 m.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

76.6m55.4m50.4m39.4m

Revenue growth, %

7%(28%)(9%)(22%)

Cost of goods sold

53.0m36.1m39.1m34.2m

Gross profit

23.5m19.3m11.2m5.2m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

19.7m19.2m18.4m16.7m16.0m13.5m12.7m12.9m12.8m12.0m9.3m10.6m11.0m12.1m

Cost of goods sold

14.1m12.6m12.5m10.9m10.8m8.8m8.6m8.8m9.1m7.5m7.1m13.4m6.7m8.1m

Gross profit

5.7m6.7m5.9m5.8m5.2m4.7m4.1m4.1m3.7m4.5m2.2m(2.9m)4.3m4.0m

Gross profit Margin, %

29%35%32%35%33%35%32%32%29%38%24%(27%)39%33%
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Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

7.2m5.8m2.2m7.9m

Accounts Receivable

9.7m7.2m11.0m4.3m

Prepaid Expenses

1.3m1.1m1.1m1.1m

Inventories

38.2m36.3m29.1m26.2m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

4.5m6.4m6.1m5.9m4.1m7.1m4.0m4.1m3.1m10.9m11.0m7.0m2.6m3.9m

Accounts Receivable

14.7m12.9m12.2m10.0m12.5m9.2m9.5m9.2m7.6m8.1m7.1m7.8m6.5m

Prepaid Expenses

1.2m1.3m2.1m1.2m1.3m1.1m1.2m1.2m1.2m890.0k1.2m1.1m1.2m

Inventories

42.8m41.3m41.0m39.1m38.8m40.7m42.6m41.8m41.2m30.5m31.2m25.9m26.3m25.6m
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Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

2.8m1.0m(4.8m)(23.8m)

Depreciation and Amortization

2.9m2.5m2.6m2.5m

Inventories

1.3m(3.7m)2.2m(2.1m)

Accounts Payable

25.0k1.2m(746.0k)379.0k
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

719.0k1.3m878.0k891.0k822.0k1.1m(706.0k)(1.7m)(1.4m)614.0k(867.0k)(11.3m)31.0k153.0k

Cash From Operating Activities

(5.6m)(2.5m)(791.0k)(1.8m)(2.9m)2.0m(571.0k)(2.5m)2.6m3.2m2.8m4.0m(3.6m)(1.1m)

Purchases of PP&E

(1.2m)(3.1m)(3.6m)(606.0k)(1.3m)1.6m(1.1m)(2.4m)(3.8m)(450.0k)(883.0k)(1.0m)(483.0k)

Cash From Investing Activities

59.0k(408.0k)608.0k(65.0k)(767.0k)(1.8m)(1.1m)(1.4m)53.0k5.8m5.6m440.0k(1.5m)(2.6m)
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USDY, 2018

Financial Leverage

1.3 x
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Frequency Electronics Operating Metrics

Frequency Electronics's Backlog was reported to be $30m in FY, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018

Backlog

$37 m$27 m$23 m$22 m$32 m$36 m$39 m$42 m$28 m$23 m$21 m$16 m$30 m

Locations

6 6 4 4
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Frequency Electronics Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Elcom TechnologiesFebruary 21, 2012$7.80 m
FEI-ZyferMay 12, 2003$2.30 m
Gillam-FEI SAAugust 30, 2000
FEI Communications, Inc.
FEI-Elcom Tech, Inc.
FEI Government Systems, Inc.
FEI Realty, Inc. (Inactive)
FEI Zyfer, Inc.
Frequency Electronics, Inc.
Frequency Electronics, Inc. Asia
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Frequency Electronics Revenue Breakdown

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Frequency Electronics revenue breakdown by business segment: 36.2% from FEI-Zyfer and 63.8% from FEI-NY

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Competitors

ESE
Manufacturing & Industrial - Private
Escape Communications
Manufacturing & Industrial - Private
Giga-tronics
Manufacturing & Industrial - Public
Global Invacom
Manufacturing & Industrial - Public
L3 Technologies
Manufacturing & Industrial - Public
Bel Fuse
Manufacturing & Industrial - Public
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Frequency Electronics Online and Social Media Presence

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Frequency Electronics News and Updates

March 14, 2019

Frequency Electronics, Inc. Announces Third Quarter Fiscal Year 2019 Results

MITCHEL FIELD, N.Y., March 14, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ-FEIM) reported revenues for the third quarter of fiscal 2019, which ended January 31, 2019, of $13.2 million compared to $10.6 million in the third quarter of fiscal 2018.  Revenues for the first nine month…
March 11, 2019

Frequency Electronics Announces 3rd Quarter Financial Results Conference Call: Thursday, March 14, 2019, at 4:30 PM ET

MITCHEL FIELD, N.Y., March 11, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the third quarter of its fiscal year 2019, ended January 31, 2019, on Thursday, March 14, 2019, at 4:30 PM Eastern Time.
January 25, 2019

Frequency Electronics, Inc. Announces It Has Been Selected For a $4.5M Contract

MITCHEL FIELD, N.Y., Jan. 25, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ-FEIM) announced today that it has been selected for an approximately $4.5M contract to supply precision timing and microwave frequency generation systems for a secure US Government space application.  These …
December 12, 2018

Frequency Electronics, Inc. Announces Second Quarter Fiscal Year 2019 Results

MITCHEL FIELD, N.Y., Dec. 12, 2018 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ-FEIM) reported revenues for the second quarter of fiscal 2019, which ended October 31, 2018, of $12.1 million compared to $9.3 million in the second quarter of fiscal 2018.  Revenues for the first six months…
December 10, 2018

Frequency Electronics Announces 2nd Quarter Financial Results Conference Call: Wednesday, December 12, 2018, at 4:30 PM ET

MITCHEL FIELD, N.Y., Dec. 10, 2018 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the second quarter of its fiscal year 2019, ended October 31, 2018, on Wednesday, December 12, 2018, at 4:30 PM Eastern Time.
September 13, 2018

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2019 Results

MITCHEL FIELD, N.Y., Sept. 13, 2018 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ-FEIM) reported revenues for the first quarter of fiscal 2019, which ended July 31, 2018, of $11.0 million compared to $12.0 million in the first quarter of fiscal 2018.  The Company recorded operating incom…
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 Frequency Electronics Frequently Asked Questions

  • When was Frequency Electronics founded?

    Frequency Electronics was founded in 1961.

  • Who are Frequency Electronics key executives?

    Frequency Electronics's key executives are Martin Bloch, Steven Bernstein and Stanton Sloane.

  • How many employees does Frequency Electronics have?

    Frequency Electronics has 300 employees.

  • What is Frequency Electronics revenue?

    Latest Frequency Electronics annual revenue is $39.4 m.

  • What is Frequency Electronics revenue per employee?

    Latest Frequency Electronics revenue per employee is $131.4 k.

  • Who are Frequency Electronics competitors?

    Competitors of Frequency Electronics include ESE, Escape Communications and Giga-tronics.

  • Where is Frequency Electronics headquarters?

    Frequency Electronics headquarters is located at 55 Charles Lindbergh Blvd, Uniondale.

  • Where are Frequency Electronics offices?

    Frequency Electronics has an office in Uniondale.

  • How many offices does Frequency Electronics have?

    Frequency Electronics has 1 office.

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