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Frequency Electronics

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    Frequency Electronics is a provider of precision time and frequency technology, which is employed in commercial, government, command, control, communication, computer, intelligence, security and reconnaissance and other military electronic systems. The Company operates in three segments: FEI-NY, Gillam-FEI, and FEI-Zyfer. Its technology is used for a range of terrestrial and space applications.

    Revenue(FY, 2017)
    $50.4 M
    Market capitalization(2018-07-18)
    $68.5 M
    Backlog(Q3, 2018)
    $16 M
    Type
    Public
    HQ
    Uniondale, US
    Founded
    1961
    Size (employees)
    320 (est)
    Website
    freqelec.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
    James Davis

    James Davis

    President, FEI-Elcom Tech, Inc.
    Oleandro Mancini

    Oleandro Mancini

    Sr. Vice President, Business Development
    Thomas McClelland

    Thomas McClelland

    Vice President, Advanced Development
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    Frequency Electronics Office Locations

    Frequency Electronics has an office in Uniondale
    Uniondale, US (HQ)
    55 Charles Lindbergh Blvd
    Show all (1)
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    Frequency Electronics Financials and Metrics

    Frequency Electronics Revenue

    Embed Graph
    Frequency Electronics's revenue was reported to be $50.35 m in FY, 2017 which is a 9.1% decrease from the previous period.
    USD

    Revenue (Q3, 2018)

    		10.6 m

    Gross profit (Q3, 2018)

    		(2.9 m)

    Gross profit margin (Q3, 2018), %

    		(27%)

    Net income (Q3, 2018)

    		(10.1 m)

    EBIT (Q3, 2018)

    		(7.3 m)

    Market capitalization (18-Jul-2018)

    		68.5 m

    Closing share price (18-Jul-2018)

    		7.9

    Cash (31-Jan-2018)

    		7 m
    Frequency Electronics's current market capitalization is $68.5 m.
    Annual
    USDFY, 2015FY, 2016FY, 2017

    Revenue

    		76.6 m55.4 m50.4 m

    Revenue growth, %

    		7%(28%)(9%)

    Cost of goods sold

    		53 m36.1 m39.1 m

    Gross profit

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

    Revenue

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

    Cost of goods sold

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

    Gross profit

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

    Gross profit Margin, %

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

    Cash

    		7.2 m5.8 m2.2 m

    Accounts Receivable

    		9.7 m7.2 m11 m

    Prepaid Expenses

    		1.3 m1.1 m1.1 m

    Inventories

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

    Cash

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

    Accounts Receivable

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

    Prepaid Expenses

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

    Inventories

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

    Net Income

    		2.8 m1 m(4.8 m)

    Depreciation and Amortization

    		2.9 m2.5 m2.6 m

    Inventories

    		1.3 m(3.7 m)2.2 m

    Accounts Payable

    		25 k1.2 m(746 k)
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Net Income

    		719 k1.3 m878 k891 k822 k1.1 m(706 k)(1.7 m)(1.4 m)614 k(867 k)(11.3 m)

    Cash From Operating Activities

    		(5.6 m)(2.5 m)(791 k)(1.8 m)(2.9 m)2 m(571 k)(2.5 m)2.6 m3.2 m2.8 m4 m

    Purchases of PP&E

    		(1.2 m)(3.1 m)(3.6 m)(606 k)(1.3 m)1.6 m(1.1 m)(2.4 m)(3.8 m)(450 k)(883 k)(1 m)

    Cash From Investing Activities

    		59 k(408 k)608 k(65 k)(767 k)(1.8 m)(1.1 m)(1.4 m)53 k5.8 m5.6 m440 k
    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 $16m in Q3, 2018.
    FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 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

    Locations

    		6 6 4
    Show all operating metrics

    Frequency Electronics Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    Elcom Technologies February 21, 2012$7.80 m
    FEI-Zyfer May 12, 2003$2.30 m
    Gillam-FEI SA August 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: 27.3% from FEI-Zyfer and 72.7% from FEI-NY

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    Competitors

    Rockwell Collins
    Communications - Public
    Bel Fuse
    Manufacturing & Industrial - Public
    L3 Technologies
    Manufacturing & Industrial - Public
    Intelsat
    Communications - Public
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    Frequency Electronics Online and Social Media Presence

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    Frequency Electronics Company Life and Culture

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