Frequency Electronics, Inc.
Description
Frequency Electronics, Inc., together with its subsidiaries, engages in designing, development, and manufacturing of 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 and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military; and provides design and technical support for satellite business. The FEI-Zyfer segment offers global positioning system technologies to systems and subsystems for secure communications, both government and commercial, and other locator applications; and engages in sale and support of wireline telecommunications products, including US5G. It markets its products directly and through independent sales representative organizations located in the United States, Europe, and Asia. Frequency Electronics, Inc. was founded in 1961 and is headquartered in Mitchel Field, New York.
About
CEO
Dr. Thomas McClelland
Employees
200
Instrument type
Common Stock
Sector
Technology
Industry
Communication Equipment
MIC code
XNMS
Address
55 Charles Lindbergh Boulevard, Mitchel Field, NY 11553, United States
×
![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Dec 8, 2025 | — | — | — | — |
| Sep 8, 2025 | — | — | — | — |
| Jul 21, 2025 | — | — | — | — |
| Mar 12, 2025 | — | — | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr.
—
Current year
—
Next year
—
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 |
| Total reported revenue | 55.27M | 40.78M | 48.30M | 54.25M | 41.51M |
| Cost of revenue | 36.69M | 32.93M | 39.70M | 37.33M | 35.76M |
| Gross profit | 18.58M | 7.85M | 8.60M | 16.92M | 5.75M |
| Operating expense | |||||
| Research & development | 3.38M | 3.15M | 4.98M | 4.69M | 5.08M |
| Selling general and admin | 10.18M | 9.37M | 11.66M | 13.19M | 11.59M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 5.02M | -4.67M | -8.04M | -958,000 | -10.92M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 109,000 | 156,000 | 77,000 | 127,000 | 107,000 |
| Other income expense | 554,000 | -599,000 | -547,000 | 1.56M | -739,000 |
| Pretax income | 5.46M | -5.43M | -8.66M | 476,000 | -11.77M |
| Tax provision | -130,000 | 74,000 | 1,000 | -204,000 | -1.74M |
| Net income | 5.59M | -5.50M | -8.66M | 680,000 | -10.03M |
| Basic EPS | 0.59 | -0.59 | -0.93 | 0.07 | -1.10 |
| Diluted EPS | 0.59 | -0.59 | -0.93 | 0.07 | -1.10 |
| Basic average shares | 9.43M | 9.34M | 9.27M | 9.18M | 9.07M |
| Diluted average shares | 9.43M | 9.34M | 9.27M | 9.18M | 9.07M |
| EBITDA | 7.14M | -2.23M | -4.85M | 3.45M | -8.67M |
| Net income from continuing op. | 5.59M | -5.50M | -8.66M | 680,000 | -10.03M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 |
| Total assets | 83.25M | 74.50M | 84.76M | 98.53M | 91.28M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 18.32M | 12.05M | 11.56M | 9.81M | 3.81M |
| Other short term investments | — | — | 9.96M | 10.31M | 10.57M |
| Accounts receivable | 4.61M | 4.62M | 4.29M | 5.52M | 4.39M |
| Other receivables | 10.52M | 10.01M | 8.86M | 14.46M | 6.95M |
| Inventory | 23.43M | 20.53M | 19.91M | 19.66M | 22.96M |
| Prepaid assets | 37,000 | 30,000 | 269,000 | 444,000 | 849,000 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 1.20M | 1.07M | 1.16M | 991,000 | 1.71M |
| Non current assets | |||||
| Properties | 6.04M | 7.38M | 8.81M | 9.77M | 10.86M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 61.94M | 60.79M | 59.95M | 59.14M | 57.92M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -58.12M | -56.30M | -53.96M | -52.25M | -49.34M |
| Goodwill | 1.23M | 1.23M | 1.23M | 1.23M | 1.23M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 12.04M | 11.10M | 10.76M | 17.34M | 17.29M |
| Total liabilities | 43.44M | 41.61M | 38.07M | 43.12M | 37.04M |
| Current liabilities | |||||
| Accounts payable | 2.35M | 1.46M | 1.08M | 1.08M | 1.42M |
| Accrued expenses | 756,000 | 719,000 | 973,000 | 1.82M | 1.53M |
| Short term debt | 1.64M | 1.75M | 1.74M | 1.72M | 6.83M |
| Deferred revenue | 21.64M | 18.59M | 11.10M | 12.51M | — |
| Tax payable | 370,000 | 341,000 | 112,000 | 167,000 | 379,000 |
| Pensions | 2.50M | 1.58M | 1.62M | 2.11M | 1.54M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 4.55M | 5.88M | 7.35M | 8.37M | 9.44M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | 124,000 | 120,000 | 119,000 | 342,000 |
| Shareholders equity | |||||
| Common stock | 9.51M | 9.37M | 9.30M | 9.23M | 9.16M |
| Retained earnings | -20.03M | -25.62M | -20.12M | -11.46M | -12.14M |
| Other shareholders equity | — | — | -440,000 | 291,000 | 490,000 |
| Total shareholders equity | 39.82M | 32.89M | 46.69M | 55.41M | 54.24M |
| Additional paid in capital | 50.33M | 49.14M | 57.96M | 57.36M | 56.91M |
| Treasury stock | 3,000 | 3,000 | 6,000 | 6,000 | 195,000 |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1987 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | 5.59M | -5.50M | -8.66M | 680,000 | -10.03M | -2.53M | -23.78M | -4.82M | 1.01M | 2.83M | 4.04M | 3.69M | 7.37M | 6.02M | 2.75M | -11.04M | 887,000 | -257,000 | 4.80M | 5.04M | 162,000 | -8.86M | 1.38M | 5.64M | 3.14M | 1.20M | 100,000 | 4.90M | 2.80M | -4.10M | -4.60M | -8.00M | 500,000 | -6.40M | 2.50M | 2.40M | — |
| Depreciation | 2.12M | 2.43M | 3.03M | 3.30M | 3.32M | 2.80M | 2.48M | 2.64M | 2.50M | 2.94M | 2.47M | 2.41M | 2.24M | 1.94M | 1.94M | 2.17M | 1.97M | 1.73M | 1.87M | 2.01M | 2.10M | 1.60M | 1.46M | 1.45M | 2.10M | 2.30M | 2.40M | 1.60M | 1.30M | 1.30M | 1.60M | 2.80M | 3.40M | 4.20M | 3.00M | 2.90M | — |
| Deferred Taxes | — | — | — | — | 8,000 | — | 9.64M | -1.36M | -1.27M | -720,000 | -160,000 | -320,000 | -3.10M | -3.55M | — | 6.08M | 100,000 | -1.31M | 886,000 | -2.61M | 411,000 | -123,000 | 358,000 | -1.41M | — | — | -2.60M | — | — | — | — | -2.20M | 1.10M | -1.90M | -1.70M | -400,000 | — |
| Stock-Based Compensation | 822,000 | 197,000 | 247,000 | 273,000 | 312,000 | 500,000 | 470,000 | 662,000 | 824,000 | 1.08M | 1.11M | 947,000 | 862,000 | 476,000 | 557,000 | 566,000 | 560,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -104,000 | -39,000 | -16,000 | -281,000 | 214,000 | 65,000 | -192,000 | 1.27M | -75,000 | -81,000 | 120,000 | -68,000 | -69,000 | 13,000 | 915,000 | 5.08M | 1.70M | 559,000 | 797,000 | — | — | — | -1,000 | — | — | -200,000 | — | -200,000 | 100,000 | -100,000 | 600,000 | — | 100,000 | — | 100,000 | 200,000 | — |
| Accounts Receivable | -358,000 | -1.44M | 7.00M | -4.84M | 1.34M | -1.53M | 12.18M | 1.06M | 2.43M | -5.70M | -1.63M | 465,000 | -4.52M | -1.61M | 2.36M | 5.72M | -2.70M | -260,000 | -3.67M | 2.87M | -4.15M | 4.52M | 6.36M | -4.20M | 2.58M | 6.50M | -3.80M | -1.40M | -100,000 | 8.30M | 10.30M | 4.10M | 4.30M | 200,000 | -3.50M | 5.70M | — |
| Accounts Payable | 884,000 | 384,000 | -1,000 | -205,000 | 374,000 | -195,000 | 379,000 | -746,000 | 1.22M | 25,000 | 614,000 | -502,000 | 880,000 | -534,000 | 814,000 | 325,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -1.36M | 4.86M | 1.85M | 10.36M | -1.35M | -1.69M | -908,000 | -2.27M | -3.81M | 768,000 | -3.54M | -7.61M | -4.20M | -2.40M | -2.58M | -2.44M | 4.32M | -9.15M | -3.84M | 2.94M | -1.96M | -2.54M | -6.08M | -238,000 | -4.56M | -11.80M | 7.60M | -800,000 | 700,000 | -700,000 | -1.90M | -300,000 | -1.40M | 600,000 | 4.30M | -4.60M | — |
| Operating Cash Flow | 7.60M | 888,000 | 3.44M | 9.29M | -5.81M | -2.57M | 273,000 | -3.57M | 2.83M | 1.14M | 3.02M | -993,000 | -536,000 | 348,000 | 6.75M | 6.47M | 6.83M | -8.69M | 848,000 | 10.24M | -3.44M | -5.40M | 3.47M | 1.25M | 3.26M | -2.00M | 3.70M | 4.10M | 4.80M | 4.70M | 6.00M | -3.60M | 8.00M | -3.30M | 4.70M | 6.20M | — |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | 67,000 | 24,000 | — | — | — | -2.11M | -2.71M | -1.13M | -1.64M | -1.34M | -834,000 | -1.54M | -1.93M | -668,000 | -1.40M | 5.60M | -1.10M | 200,000 | -200,000 | -400,000 | -5.60M | -5.70M | -2.70M | -4.30M | -2.20M | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | 188,000 | — | — | — | — | — | -4.48M | — | — | — | — | — | -84,000 | -135,000 | -2.54M | -120,000 | — | -8.14M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | -1.38M | -2.51M | -2.45M | -5.49M | -3.71M | -4.96M | -575,000 | -1.36M | -1.96M | -3.16M | -2.84M | -8.78M | -8.77M | -1.31M | -6.60M | -3.14M | -1.49M | -11.52M | -6.39M | -6.05M | -7.38M | -21.15M | -4.32M | -24.61M | -22.90M | -13.00M | -25.90M | — | -11.10M | — | — | — | — | — | — | — |
| Sale of Investments | — | 10.97M | 2.09M | 2.50M | 3.54M | 1.81M | 6.48M | 4.40M | 1.27M | 7.27M | 4.99M | 3.01M | 6.64M | 4.00M | 1.73M | 1.04M | 18.57M | 9.57M | 13.07M | 12.51M | 10.44M | 8.60M | 23.62M | 9.38M | 27.47M | 20.60M | 9.60M | 10.50M | 5.90M | 3.40M | — | — | — | — | 100,000 | 1.30M | — |
| Investing Cash Flow | — | 9.59M | -422,000 | 46,000 | -1.95M | -1.89M | 1.70M | 3.82M | -89,000 | 5.32M | 1.83M | 237,000 | -6.61M | -4.77M | 332,000 | -5.78M | 13.32M | 2.05M | 317,000 | 3.58M | 529,000 | 506,000 | 607,000 | -5.00M | 2.19M | -3.70M | 2.10M | -16.50M | 6.10M | -7.80M | -400,000 | -5.60M | -5.70M | -2.70M | -4.30M | -900,000 | — |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | 2.30M | 4.10M | 5.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | -4.97M | — | — | — | -6.00M | — | -6.40M | -15,000 | -5.36M | -660,000 | -258,000 | -1.40M | -6.79M | -9.15M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | — | — | — | — | -671,000 | 141,000 | 200,000 | 182,000 | 152,000 | 9,000 | 39,000 | — | — | — | — | — | 17,000 | — | — | — | — | 172,000 | — | 2.00M | — | — | — | — | 100,000 | — | — | — | — | — |
| Financing Cash Flow | — | -9.35M | — | -4.97M | 4.97M | — | — | -12.67M | 141,000 | -10.30M | 4.25M | -7.25M | 5.03M | -477,000 | -2.80M | -14.18M | -11.19M | -1.42M | -1.56M | -1.56M | -1.52M | -2.10M | -1.57M | -911,000 | -605,000 | -1.90M | 1.40M | 500,000 | -700,000 | -1.40M | -600,000 | 100,000 | -1.00M | -800,000 | -3.10M | — | — |
| Other Cash Details | |||||||||||||||||||||||||||||||||||||
| End Cash Position | 19.27M | 12.05M | 11.56M | 9.81M | 3.81M | 3.72M | 7.87M | 2.74M | 6.08M | 7.22M | 7.70M | 3.46M | 4.78M | 5.28M | 9.95M | 4.91M | 11.03M | 1.34M | 2.64M | 6.70M | 5.70M | 5.95M | 5.38M | -2.87M | 4.99M | 600,000 | 8.70M | — | — | — | — | — | — | — | — | — | — |
| Income Tax Paid | 13,000 | 7,000 | 15,000 | — | — | — | 325,000 | 335,000 | 1.31M | 1.85M | 1.74M | 2.99M | 1.48M | 2.26M | 205,000 | 30,000 | 940,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 114,000 | 129,000 | 77,000 | 123,000 | 99,000 | 83,000 | 79,000 | 146,000 | 128,000 | 140,000 | 153,000 | 186,000 | 119,000 | 114,000 | 121,000 | 200,000 | 476,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 7.22M | 257,000 | 2.18M | 10.92M | -2.89M | -2.86M | 3.12M | -1.35M | -340,000 | -2.28M | -1.76M | 583,000 | 748,000 | -74,000 | 6.66M | 6.60M | -3.95M | -9.36M | -4.61M | 896,000 | -3.91M | 1.61M | 3.35M | 2.02M | 2.88M | -3.20M | 2.20M | 2.90M | 6.70M | 4.10M | 6.30M | -2.30M | 6.50M | -3.00M | 1.10M | — | — |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 228,179 | 3.88M | 2.37% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 171,378 | 2.91M | 1.78% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 103,207 | 1.75M | 1.07% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 93,838 | 1.60M | 0.98% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 67,479 | 1.15M | 0.70% |
| Needham Small Cap Growth Fund | Sep 30, 2024 | 65,886 | 1.12M | 0.69% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 63,812 | 1.08M | 0.66% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 48,570 | 825,690 | 0.51% |
| DFA U.S. Core Equity 2 Portfolio | Oct 31, 2024 | 36,985 | 628,745 | 0.38% |
| Dimensional ETF Tr-Dimensional U.S. Targeted Value ETF | Oct 31, 2024 | 35,185 | 598,145 | 0.37% |
Article
Frequency Electronics: Strong Legacy Business With Significant Upside From Quantum Sensors
Frequency Electronics excels in precision time and frequency tech, showing strong legacy business performance and record backlog, driving a recent share price hike. Quantum sensors are pivotal for Frequency's future, leveraging atomic clock expertise to capture market share in the burgeoning quantum computing industry. Revenue for Q2 2025 was robust, with a record backlog of $81 million, supporting a revenue projection of $75 million for fiscal 2025.
Jan 21, 2025
Article
Frequency Electronics Inc. To Present at 27th Annual Needham Conference
MITCHEL FIELD, N.Y., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM), a leading provider of precision timing and frequency control products, is pleased to announce that members of its management team will participate in the 27th Annual Needham Growth Conference, taking place January 14 – January 17, 2025. Tom McClelland, FEI's CEO will make a presentation on Wednesday, January 15 at 8:00 AM, and FEI management will host one on one conferences between 8:45 AM and 6:00 PM on Wednesday.
Jan 9, 2025
Article
Frequency Electronics Inc. Awarded Contracts for Quartz Oscillators, Synthesizers, and Receivers
MITCHEL FIELD, N.Y., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM), a leading provider of precision timing and frequency control products, is pleased to announce that it has been awarded several significant contracts to supply specialized precision quartz oscillators, synthesizers, and receivers for aerospace programs. The total value of these contracts is approximately $11 million, with deliveries scheduled through 2026. These contracts highlight FEI's continued leadership in the high-performance frequency control industry and underscore the company's long-standing commitment to supporting critical aerospace and defense programs. The quartz oscillators will play a key role in navigation and timing systems, contributing to the overall success of the missions by ensuring highly accurate performance under extreme conditions. FEI's quartz oscillators are renowned for their reliability, stability, and precision—critical attributes for applications in space and defense. These contracts reflect FEI's expertise in providing tailored, mission-critical components that meet the rigorous demands of the aerospace and defense sectors.
Dec 18, 2024
