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Frequency Electronics

OverviewSuggest Edit

Frequency Electronics is a company that develops, manufactures, and sells precision time and frequency control products and components for microwave integrated circuit applications. It operates through three segments, FEI-NY, FEI-Zyfer and FEI–ElcomTech. 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 develops and manufactures products for precision time, and frequency generation and synchronization. The FEI–ElcomTech produces microwave modules and subsystems.

TypePublic
Founded1961
HQUniondale, USMap
Websitefreqelec.com
Employee Ratings2.8More
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Latest Updates

Employees (est.) (Apr 2019)280(-6%)
Revenue (FY, 2019)$49.5 M(+26%)
Share Price (Dec 2019)$10.1

Key People/Management at Frequency Electronics

Stanton Sloane

Stanton Sloane

President, CEO

Frequency Electronics Office Locations

Frequency Electronics has offices in Uniondale, Garden Grove and Northvale
Uniondale, US (HQ)
55 Charles Lindbergh Blvd
Garden Grove, US
7321 Lincoln Way
Northvale, US
260 Union St
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Frequency Electronics Financials and Metrics

Frequency Electronics Revenue

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Frequency Electronics's revenue was reported to be $49.51 m in FY, 2019 which is a 25.6% increase from the previous period.
USD

Revenue (Q1, 2020)

12.6m

Gross profit (Q1, 2020)

4.0m

Gross profit margin (Q1, 2020), %

31.5%

Net income (Q1, 2020)

(591.0k)

EBIT (Q1, 2020)

(780.0k)

Market capitalization (6-Dec-2019)

90.9m

Closing stock price (6-Dec-2019)

10.1

Cash (31-Jul-2019)

2.2m

EV

100.7m
Frequency Electronics's current market capitalization is $90.9 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

50.4m39.4m49.5m

Revenue growth, %

(9%)(22%)26%

Cost of goods sold

39.1m34.2m33.7m

Gross profit

11.2m5.2m15.8m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

12.7m12.9m12.8m12.0m9.3m10.6m11.0m12.1m13.2m12.6m

Cost of goods sold

8.6m8.8m9.1m7.5m7.1m13.4m6.7m8.1m9.1m8.6m

Gross profit

4.1m4.1m3.7m4.5m2.2m(2.9m)4.3m4.0m4.1m4.0m

Gross profit Margin, %

32%32%29%38%24%(27%)39%33%31%31%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

2.2m7.9m3.7m

Accounts Receivable

11.0m4.3m6.4m

Prepaid Expenses

1.1m1.1m2.6m

Inventories

29.1m26.2m23.4m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

4.0m4.1m3.1m10.9m11.0m7.0m2.6m3.9m2.4m2.2m

Accounts Receivable

9.5m9.2m7.6m8.1m7.1m7.8m6.5m6.1m7.3m7.3m

Prepaid Expenses

1.2m1.2m1.2m890.0k1.2m1.1m1.2m1.0m877.0k2.2m

Inventories

42.6m41.8m41.2m30.5m31.2m25.9m26.3m25.6m25.1m23.2m
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Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(4.8m)(23.8m)(2.5m)

Depreciation and Amortization

2.6m2.5m2.8m

Inventories

2.2m(2.1m)(199.0k)

Accounts Payable

(746.0k)379.0k(195.0k)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(706.0k)(1.7m)(1.4m)614.0k(867.0k)(11.3m)31.0k153.0k(168.0k)(591.0k)

Cash From Operating Activities

(571.0k)(2.5m)2.6m3.2m2.8m4.0m(3.6m)(1.1m)(1.3m)153.0k

Purchases of PP&E

(1.1m)(2.4m)(3.8m)(450.0k)(883.0k)(1.0m)(483.0k)(1.3m)(2.2m)(912.0k)

Cash From Investing Activities

(1.1m)(1.4m)53.0k5.8m5.6m440.0k(1.5m)(2.6m)(4.4m)(1.6m)
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USDY, 2019

EV/EBIT

-129.1 x

EV/CFO

658.2 x

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
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Frequency Electronics Operating Metrics

Frequency Electronics's Backlog was reported to be $35m in Q1, 2020.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

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$37 m$38 m$39 m$37 m$35 m
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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: 24.3% from FEI-Zyfer and 75.7% from FEI-NY

Frequency Electronics Online and Social Media Presence

Frequency Electronics's Trends

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Frequency Electronics News and Updates

September 16, 2019

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2020 Results

MITCHEL FIELD, N.Y., Sept. 16, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) reported revenues for the first quarter of fiscal 2020 ended July 31, 2019, of $12.6 million compared to $11.0 million for the first quarter of fiscal 2019.  The Company repor…
August 01, 2019

Frequency Electronics, Inc. Announces FEI-Elcom Tech, Inc. New Electronic Warfare Product Line

MITCHEL FIELD, N.Y., Aug. 01, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announced today that FEI-Elcom Tech, Inc., (Elcom), a subsidiary of Frequency Electronics, Inc., is introducing its new EW series VPXTR6000 next-generation wideband microwave q…
July 18, 2019

Frequency Electronics, Inc. Announces Fiscal Year 2019 Results

MITCHEL FIELD, N.Y., July 18, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) reported revenues of $49.5 million for the fiscal 2019 ending April 30, 2019, compared to revenues of $39.4 million for fiscal 2018, a revenue growth of over 25%.  Operating lo…
July 16, 2019

Frequency Electronics Announces Year End Fiscal 2019 Financial Results Conference Call: Thursday, July 18, 2019, at 4:30 PM ET

MITCHEL FIELD, N.Y., July 16, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its fiscal year 2019, ended April 30, 2019, on Thursday, July 18, 2019, at 4:30 PM Eastern Time.
July 01, 2019

Frequency Electronics, Inc. (FEI) Announces Launch of Ultra-Stable Oscillator as part of Jet Propulsion Laboratory Deep Space Atomic Clock (DSAC) Mission

MITCHEL FIELD, N.Y., July 01, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ-FEIM) announced that NASA’s launch of the Deep Space Atomic Clock (DSAC) on June 25th carried along with it Frequency Electronics (FEI), Inc.’s Ultra-stable Oscillator (USO). The USO, designed and manufactur…
April 02, 2019

Frequency Electronics, Inc. (FEI) Associates Awarded the Queen Elizabeth Prize for Engineering

MITCHEL FIELD, N.Y., April 02, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ-FEIM) is pleased to announce that Richard Schwartz, currently an FEI board member and Hugo Fruehauf, a previous executive officer of and current consultant to the company were among the four awardees, along…
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Frequency Electronics Blogs

November 18, 2019

Frequency Electronics, Inc., announces the award of a contract to deliver advanced technology crystal oscillators

Frequency Electronics, Inc., announces the award of a contract to deliver advanced technology crystal oscillators Content Import Mon, 11/18/2019 - 16:00 Frequency Electronics, Inc., announces the award of a contract to deliver advanced technology crystal oscillators Nov 18, …
October 24, 2019

Frequency Electronics, Inc., Announces MIDS-JTRS Oscillator contract award valued at approximately $4.5 million

Frequency Electronics, Inc., Announces MIDS-JTRS Oscillator contract award valued at approximately $4.5 million Content Import Thu, 10/24/2019 - 16:02 Frequency Electronics, Inc., Announces MIDS-JTRS Oscillator contract award valued at approximately $4.5 million Oct 24, 2019…

 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 Stanton Sloane.

  • How many employees does Frequency Electronics have?

    Frequency Electronics has 280 employees.

  • What is Frequency Electronics revenue?

    Latest Frequency Electronics annual revenue is $49.5 m.

  • What is Frequency Electronics revenue per employee?

    Latest Frequency Electronics revenue per employee is $176.8 k.

  • Who are Frequency Electronics competitors?

    Competitors of Frequency Electronics include Mini-Circuits, Bruker Corporation and Crystek.

  • Where is Frequency Electronics headquarters?

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

  • Where are Frequency Electronics offices?

    Frequency Electronics has offices in Uniondale, Garden Grove and Northvale.

  • How many offices does Frequency Electronics have?

    Frequency Electronics has 3 offices.