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Frequency Electronics

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    • Manufacturing & Industrialcommunication equipmentelectronic componentsgeolocationsatellitesecurity
    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.
    Revenue(FY, 2018)
    $39.4 M
    Market capitalization(2018-12-12)
    $91.2 M
    Backlog(FY, 2018)
    $30 M

    Employee Rating

    2.8More
    TypePublic
    HQUniondale, US
    Founded1961
    Size (employees)300 (est)-6%
    Websitefreqelec.com
    Frequency Electronics was founded in 1961 and is headquartered in Uniondale, US
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    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, (HQ)
    55 Charles Lindbergh Blvd
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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 $39.41 m in FY, 2018 which is a 21.7% decrease from the previous period.
    USD

    Revenue (Q1, 2019)

    		11.0m

    Gross profit (Q1, 2019)

    		4.3m

    Gross profit margin (Q1, 2019), %

    		38.8%

    Net income (Q1, 2019)

    		31.0k

    EBIT (Q1, 2019)

    		85.0k

    Market capitalization (12-Dec-2018)

    		91.2m

    Closing stock price (12-Dec-2018)

    		10.5

    Cash (31-Jul-2018)

    		2.6m
    Frequency Electronics's current market capitalization is $91.2 m.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Revenue

    		71.6m76.6m55.4m50.4m39.4m

    Revenue growth, %

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

    Cost of goods sold

    		46.8m53.0m36.1m39.1m34.2m

    Gross profit

    		24.8m23.5m19.3m11.2m5.2m
    Quarterly
    USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

    Revenue

    		17.0m19.7m19.2m18.4m16.7m16.0m13.5m12.7m12.9m12.8m12.0m9.3m10.6m11.0m

    Cost of goods sold

    		10.8m14.1m12.6m12.5m10.9m10.8m8.8m8.6m8.8m9.1m7.5m7.1m13.4m6.7m

    Gross profit

    		6.2m5.7m6.7m5.9m5.8m5.2m4.7m4.1m4.1m3.7m4.5m2.2m(2.9m)4.3m

    Gross profit Margin, %

    		37%29%35%32%35%33%35%32%32%29%38%24%(27%)39%
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Cash

    		7.7m7.2m5.8m2.2m7.9m

    Accounts Receivable

    		9.7m7.2m11.0m4.3m

    Prepaid Expenses

    		1.3m1.1m1.1m1.1m

    Inventories

    		41.2m38.2m36.3m29.1m26.2m
    Quarterly
    USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

    Cash

    		5.1m4.5m6.4m6.1m5.9m4.1m7.1m4.0m4.1m3.1m10.9m11.0m7.0m2.6m

    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

    		40.7m42.8m41.3m41.0m39.1m38.8m40.7m42.6m41.8m41.2m30.5m31.2m25.9m26.3m
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Net Income

    		4.0m2.8m1.0m(4.8m)(23.8m)

    Depreciation and Amortization

    		2.5m2.9m2.5m2.6m2.5m

    Inventories

    		(3.1m)1.3m(3.7m)2.2m(2.1m)

    Accounts Payable

    		25.0k1.2m(746.0k)379.0k
    Quarterly
    USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

    Net Income

    		2.1m719.0k1.3m878.0k891.0k822.0k1.1m(706.0k)(1.7m)(1.4m)614.0k(867.0k)(11.3m)31.0k

    Cash From Operating Activities

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

    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

    		(1.1m)59.0k(408.0k)608.0k(65.0k)(767.0k)(1.8m)(1.1m)(1.4m)53.0k5.8m5.6m440.0k(1.5m)
    show all
    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
    Show all operating metrics

    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

    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…
    September 11, 2018

    Frequency Electronics Announces 1st Quarter Financial Results Conference Call: Thursday, September 13, 2018, at 4:30 PM ET

    MITCHEL FIELD, N.Y., Sept. 11, 2018 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the first quarter of its fiscal year 2019, ended July 31, 2018, on Thursday, September 13, 2018, at 4:30 PM Eastern Time.
    July 25, 2018

    Frequency Electronics, Inc. (FEIM) CEO Stanton Sloane on Q4 2018 Results - Earnings Call Transcript

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    Frequency Electronics Company Life and Culture

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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.