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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
Founded1962
HQUniondale, NY, USMap
Websitefreqelec.com
Employee Ratings2.6More

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Latest Updates

Employees (est.) (Jul 2020)220(-21%)
Revenue (FY, 2020)$41.5 M(-16%)
Share Price (May 2021)$9.9(-8%)
Cybersecurity ratingBMore

Key People/Management at Frequency Electronics

Stanton Sloane

Stanton Sloane

President and Chief Executive Officer, Director
Steven Bernstein

Steven Bernstein

Chief Financial Officer
Adrian Lalicata

Adrian Lalicata

Vice President, RF & Microwave Systems
Oleandro Mancini

Oleandro Mancini

Sr. Vice President, Business Development
Thomas McClelland

Thomas McClelland

Senior Vice President and Chief Scientist
Steven Strang

Steven Strang

President, FEI-Zyfer
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Frequency Electronics Office Locations

Frequency Electronics has offices in Uniondale, Garden Grove and Northvale
Uniondale, NY, US (HQ)
55 Charles Lindbergh Blvd
Garden Grove, CA, US
7321 Lincoln Way
Northvale, NJ, 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 $41.51 m in FY, 2020 which is a 16.2% decrease from the previous period.
USD

Revenue (Q3, 2021)

11.7m

Gross profit (Q3, 2021)

2.8m

Gross profit margin (Q3, 2021), %

24%

Net income (Q3, 2021)

(800.0k)

EBIT (Q3, 2021)

(939.0k)

Market capitalization (7-May-2021)

91.7m

Closing stock price (7-May-2021)

9.9

Cash (31-Jan-2021)

7.3m

EV

94.9m
Frequency Electronics's current market capitalization is $91.7 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, 2021Q2, 2021Q3, 2021

Revenue

12.7m12.9m12.8m12.0m9.3m10.6m11.0m12.1m13.2m12.6m9.1m9.6m13.0m14.0m11.7m

Cost of goods sold

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

Gross profit

4.1m4.1m3.7m4.5m2.2m(2.9m)4.3m4.0m4.1m4.0m(1.2m)3.1m4.1m5.3m2.8m

Gross profit Margin, %

32%32%29%38%24%(27%)39%33%31%31%(13%)33%32%38%24%
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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, 2021Q2, 2021Q3, 2021

Cash

4.0m4.1m3.1m10.9m11.0m7.0m2.6m3.9m2.4m2.2m2.6m270.0k2.4m3.7m7.3m

Accounts Receivable

9.5m9.2m7.6m8.1m7.1m7.8m6.5m6.1m7.3m7.3m4.4m4.1m6.2m10.3m5.1m

Prepaid Expenses

1.2m1.2m1.2m890.0k1.2m1.1m1.2m1.0m877.0k2.2m2.2m2.4m1.9m2.3m1.8m

Inventories

42.6m41.8m41.2m30.5m31.2m25.9m26.3m25.6m25.1m23.2m23.3m23.5m21.7m21.0m21.0m
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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, 2021Q2, 2021Q3, 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)67.0k(733.0k)

Cash From Operating Activities

(571.0k)(2.5m)2.6m3.2m2.8m4.0m(3.6m)(1.1m)(1.3m)153.0k180.0k(760.0k)62.0k2.0m9.3m

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)(781.0k)(971.0k)

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(169.0k)(921.0k)
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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$7.8 m
FEI-ZyferMay 12, 2003$2.3 m
Gillam-FEI SAAugust 30, 2000
FEI-Elcom Tech, Inc.
FEI Zyfer, Inc.

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

Learn more about our premium products
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Frequency Electronics Online and Social Media Presence

Frequency Electronics's Trends

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Frequency Electronics News and Updates

March 09, 2021

Frequency Electronics Announces 3rd Quarter Financial Results Conference Call: Thursday, March 11, 2021, at 4:30 PM ET

MITCHEL FIELD, N.Y., March 09, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the third quarter of its fiscal year 2021, ended January 31, 2021, on Thursday, March 11, 2021, at 4:30 PM Eastern Time.
February 08, 2021

Frequency Electronics, Inc. Announces Award of a Contract for Next Generation Rubidium Atomic Clock

MITCHEL FIELD, N.Y., Feb. 08, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announced the award of a contract for its digital Rubidium Atomic Clock, a next generation, high-precision frequency and timing source. Contract value is approximately $4…
December 10, 2020

Frequency Electronics, Inc. Announces Second Quarter Fiscal Year 2021 Results

MITCHEL FIELD, N.Y., Dec. 10, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three and six month periods of fiscal 2021, ended October 31, 2020, of $14.0 million and $26.9 million, respectively, compared to revenues of $9.1…
December 08, 2020

Frequency Electronics Announces 2nd Quarter Financial Results Conference Call: Thursday, December 10, 2020, at 4:30 PM ET

MITCHEL FIELD, N.Y., Dec. 08, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its second quarter of its fiscal year 2021, ended October 31, 2020, on Thursday, December 10, 2020, at 4:30 PM Eastern Time.
December 03, 2020

Frequency Electronics, Inc. Announces Award of a Contract for Precision Voltage Controlled Quartz Crystal Oscillators (VCXO)

MITCHEL FIELD, N.Y., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is pleased to announce the award of a contract for precision Voltage Controlled Quartz Crystal Oscillators (VCXO) with a contract value of approximately $5.2m. This is a follow…
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 …
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Frequency Electronics Blogs

March 11, 2021

Frequency Electronics, Inc. Announces Third Quarter Fiscal Year 2021 Results

MITCHEL FIELD, N.Y., March 11, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and nine-month periods of fiscal 2021, ended January 31, 2021 , of $11.7 million and $38.6 million , respectively, compared to revenues of
February 24, 2021

Frequency Electronics Announces Award of a Contract for High Performance Oscillators & Frequency Generation Units

MITCHEL FIELD, N.Y., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announced the selection of its high performance oscillators and microwave frequency generation units for ultimate application on a key US government satellite system.
September 10, 2020

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2021 Results

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2021 Results Content Import Thu, 09/10/2020 - 16:01 Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2021 Results Sep 10, 2020 This release is a backfill from a News Wire …
September 08, 2020

Frequency Electronics Announces 1st Quarter Financial Results Conference Call: Thursday, September 10, 2020, at 4:30 PM ET

MITCHEL FIELD, N.Y., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its first quarter of its fiscal year 2021, ended July 31, 2020 , on Thursday, September 10, 2020 , at 4:30 PM Eastern Time .
August 12, 2020

Frequency Electronics, Inc. Announces Award of a Contract for Precision Oscillators

Frequency Electronics, Inc. Announces Award of a Contract for Precision Oscillators Content Import Wed, 08/12/2020 - 16:01 Frequency Electronics, Inc. Announces Award of a Contract for Precision Oscillators Aug 12, 2020 This release is a backfill from a News W…
July 30, 2020

Frequency Electronics, Inc. Announces Selection of its Precision Oscillators for a National Security Satellite

Frequency Electronics, Inc. Announces Selection of its Precision Oscillators for a National Security Satellite Content Import Thu, 07/30/2020 - 16:02 Frequency Electronics, Inc. Announces Selection of its Precision Oscillators for a National Security Satellite Jul 30, 2020 …
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 Frequency Electronics Frequently Asked Questions

  • When was Frequency Electronics founded?

    Frequency Electronics was founded in 1962.

  • Who are Frequency Electronics key executives?

    Frequency Electronics's key executives are Stanton Sloane, Steven Bernstein and Adrian Lalicata.

  • 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 Mini-Circuits, Anaren and OTTO Engineering.

  • 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.