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.

Type
Public
HQ
Uniondale, US
Founded
1961
Size (employees)
320 (est)
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
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Frequency Electronics Financials and Metrics

Frequency Electronics Revenue

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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%)
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
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
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
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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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Frequency Electronics Online and Social Media Presence

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Frequency Electronics Company Life and Culture

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