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Frequency Electronics

OverviewSuggest Edit

Frequency Electronics (FEI) is a company that designs, develops, manufactures, and markets precision time and frequency control products used to synchronize voice, data and video transmissions in wireless communications systems. It operates in two segments: FEI-NY and FEI-Zyfer. The FEI-NY segment provides precision time, frequency generation, and synchronization products and subsystems that are found on-board satellites, in ground-based communication systems and embedded in mobile platforms. The FEI-Zyfer segment designs, develops, and manufactures products that provide Precision Navigation and Timing (PNT), primarily incorporating Global Navigation Satellite System (GNSS) technology.

TypePublic
Founded1961
HQUniondale, USMap
Websitefreqelec.com
Employee Ratings2.5More

Recent NewsAll News

Latest Updates

Employees (est.) (Jul 2020)220(-21%)
Revenue (FY, 2020)$41.5 M(-16%)
Share Price (Oct 2020)$10 (+2%)
Cybersecurity ratingBMore

Key People/Management at Frequency Electronics

Stanton Sloane

Stanton Sloane

President and Chief Executive Officer
Martin Bloch

Martin Bloch

Founder, Executive Chairman
Steven Bernstein

Steven Bernstein

Chief Financial Officer
Thomas McClelland

Thomas McClelland

Senior Vice President and Chief Scientist
Oleandro Mancini

Oleandro Mancini

Sr. Vice President, Business Development
Adrian Lalicata

Adrian Lalicata

Vice President, RF & Microwave Systems
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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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View revenue for all periods
Frequency Electronics's revenue was reported to be $41.51 m in FY, 2020 which is a 16.2% decrease from the previous period.
USD

Revenue (Q1, 2021)

13.0m

Gross profit (Q1, 2021)

4.1m

Gross profit margin (Q1, 2021), %

31.6%

Net income (Q1, 2021)

(262.0k)

EBIT (Q1, 2021)

(337.0k)

Market capitalization (16-Oct-2020)

91.6m

Closing stock price (16-Oct-2020)

10.0

Cash (31-Jul-2020)

2.4m

EV

103.2m
Frequency Electronics's current market capitalization is $91.6 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

55.4m50.4m39.4m49.5m41.5m

Revenue growth, %

(28%)(9%)(22%)26%(16%)

Cost of goods sold

36.1m39.1m34.2m33.7m35.8m

Gross profit

19.3m11.2m5.2m15.8m5.7m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

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

Cost of goods sold

8.6m8.8m9.1m7.5m7.1m13.4m6.7m8.1m9.1m8.6m10.3m6.5m8.9m

Gross profit

4.1m4.1m3.7m4.5m2.2m(2.9m)4.3m4.0m4.1m4.0m(1.2m)3.1m4.1m

Gross profit Margin, %

32%32%29%38%24%(27%)39%33%31%31%(13%)33%32%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

5.8m2.2m7.9m3.7m3.8m

Accounts Receivable

7.2m11.0m4.3m6.4m4.4m

Prepaid Expenses

1.1m1.1m1.1m2.6m1.7m

Inventories

36.3m29.1m26.2m23.4m23.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

4.0m4.1m3.1m10.9m11.0m7.0m2.6m3.9m2.4m2.2m2.6m270.0k2.4m

Accounts Receivable

9.5m9.2m7.6m8.1m7.1m7.8m6.5m6.1m7.3m7.3m4.4m4.1m6.2m

Prepaid Expenses

1.2m1.2m1.2m890.0k1.2m1.1m1.2m1.0m877.0k2.2m2.2m2.4m1.9m

Inventories

42.6m41.8m41.2m30.5m31.2m25.9m26.3m25.6m25.1m23.2m23.3m23.5m21.7m
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.0m(4.8m)(23.8m)(2.5m)(10.0m)

Depreciation and Amortization

2.5m2.6m2.5m2.8m3.3m

Inventories

(3.7m)2.2m(2.1m)(199.0k)17.0k

Accounts Payable

1.2m(746.0k)379.0k(195.0k)374.0k
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(706.0k)(1.7m)(1.4m)614.0k(867.0k)(11.3m)31.0k153.0k(168.0k)(591.0k)(5.5m)(7.0m)(262.0k)

Cash From Operating Activities

(571.0k)(2.5m)2.6m3.2m2.8m4.0m(3.6m)(1.1m)(1.3m)153.0k180.0k(760.0k)62.0k

Purchases of PP&E

(1.1m)(2.4m)(3.8m)(450.0k)(883.0k)(1.0m)(483.0k)(1.3m)(2.2m)(912.0k)(1.3m)(1.6m)(211.0k)

Cash From Investing Activities

(1.1m)(1.4m)53.0k5.8m5.6m440.0k(1.5m)(2.6m)(4.4m)(1.6m)(1.3m)(2.7m)514.0k
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USDFY, 2016

Revenue/Employee

142.1k

Debt/Equity

0.1 x

Financial Leverage

1.3 x
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Frequency Electronics Operating Metrics

Frequency Electronics's Backlog was reported to be $38m in Q1, 2021.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

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$40 m$36 m$36 m$38 m
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Frequency Electronics Acquisitions / Subsidiaries

Company NameDateDeal Size
Elcom TechnologiesFebruary 21, 2012$7.80 m
FEI-ZyferMay 12, 2003$2.30 m
Gillam-FEI SAAugust 30, 2000
FEI-Elcom Tech, Inc.
FEI Zyfer, Inc.

Frequency Electronics Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

Learn more about about our premium products
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Frequency Electronics Revenue Breakdown

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Frequency Electronics revenue breakdown by business segment: 25.6% from FEI-Zyfer and 74.4% from FEI-NY

Frequency Electronics Online and Social Media Presence

Frequency Electronics's Trends

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Frequency Electronics News and Updates

December 12, 2019

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

MITCHEL FIELD, N.Y., Dec. 12, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) reported revenues for the second quarter of fiscal 2020, which ended October 31, 2019, of $9.1 million compared to $12.1 million in the second quarter of fiscal 2019. Revenues …
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…
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Frequency Electronics Blogs

June 17, 2020

Frequency Electronics Announces Contract for Advanced Technology Frequency Synthesizers

MITCHEL FIELD, N.Y., June 17, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ:FEIM) announced today that its wholly owned subsidiary FEI-Elcom Tech, Inc. (Elcom) received a five year contract valued at approximately $2.7M , if all options are exercised, for supply of advanced
May 07, 2020

Frequency Electronics to Repay PPP Loan

MITCHEL FIELD, N.Y., May 07, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM) (the “Company” or “FEI”), as previously announced, received proceeds on April 12, 2020 from a loan in the amount of $4,964,810 (the “PPP Loan”) from JPMorgan Chase Bank, N.A .
April 20, 2020

Frequency Electronics, Inc., subsidiary FEI-Elcom Tech, Inc., (Elcom), enhances the Small Phase-locked Dielectric Resonator Oscillator (SPDRO) line with ultra-low phase noise performance

Frequency Electronics, Inc., subsidiary FEI-Elcom Tech, Inc., (Elcom), enhances the Small Phase-locked Dielectric Resonator Oscillator (SPDRO) line with ultra-low phase noise performance Content Import Mon, 04/20/2020 - 17:02 Frequency Electronics, Inc., subsidiary FEI-Elcom Tech, Inc., (E…
March 12, 2020

Frequency Electronics Announces the ELECTION of RUSSELL SARACHEK as CHAIRMAN of the BOARD of DIRECTORS

Frequency Electronics Announces the ELECTION of RUSSELL SARACHEK as CHAIRMAN of the BOARD of DIRECTORS Content Import Thu, 03/12/2020 - 16:03 Frequency Electronics Announces the ELECTION of RUSSELL SARACHEK as CHAIRMAN of the BOARD of DIRECTORS Mar 12, 2020 Th…
March 12, 2020

Frequency Electronics Announces the AWARD of TWO CONTRACTS VALUED at APPROXIMATELY $7.2 MILLION

Frequency Electronics Announces the AWARD of TWO CONTRACTS VALUED at APPROXIMATELY $7.2 MILLION Content Import Thu, 03/12/2020 - 16:02 Frequency Electronics Announces the AWARD of TWO CONTRACTS VALUED at APPROXIMATELY $7.2 MILLION Mar 12, 2020 This release is …
March 12, 2020

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

Frequency Electronics, Inc. Announces Third Quarter Fiscal Year 2020 Results Content Import Thu, 03/12/2020 - 16:02 Frequency Electronics, Inc. Announces Third Quarter Fiscal Year 2020 Results Mar 12, 2020 This release is a backfill from a News Wire …
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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 Stanton Sloane, Martin Bloch and Steven Bernstein.

  • How many employees does Frequency Electronics have?

    Frequency Electronics has 220 employees.

  • What is Frequency Electronics revenue?

    Latest Frequency Electronics annual revenue is $41.5 m.

  • What is Frequency Electronics revenue per employee?

    Latest Frequency Electronics revenue per employee is $188.7 k.

  • Who are Frequency Electronics competitors?

    Competitors of Frequency Electronics include Vectron, Delta Star and Syntonic Microwave.

  • 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.