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Frequency Electronics Inc   (FEIM)
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Price: $9.5500 $0.00 0.000%
Day's High: $9.715 Week Perf: -1.55 %
Day's Low: $ 9.50 30 Day Perf: -3.44 %
Volume (M): 11 52 Wk High: $ 11.41
Volume (M$): $ 107 52 Wk Avg: $8.34
Open: $9.56 52 Wk Low: $6.22



 Market Capitalization (Millions $) 90
 Shares Outstanding (Millions) 9
 Employees 197
 Revenues (TTM) (Millions $) 53
 Net Income (TTM) (Millions $) 3
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 1

Frequency Electronics Inc
Frequency Electronics, Inc. is a world leader in precise time and frequency generating technology, which is used in commercial and government satellites, command and control systems, communication systems, computers, intelligence, surveillance and reconnaissance, and electronic warfare systems. Its technology is employed in both space and non-space applications.
For the satellite market, the Company has a unique legacy of providing master timing systems, power converters, and frequency generation, synthesis and distribution systems. These products are applicable for both commercial and U.S. Government end-use. Currently, there are approximately 3,000 U.S. satellites with varying remaining useful lives operating in Geostationary, Medium and Low Earth Orbits. The number of operational satellites with emphasis on high-throughput is expected to continue to grow over the next ten years as demand for higher bandwidths and improved anti-jam-anti-spoofing increases. Furthermore, the U.S. Government is expected to contract options for additional GPS III satellites, and the Company is well positioned to compete for the onboard clock ensemble with its high-precision digital Rubidium atomic frequency standard.
For the terrestrial secure command control and communications systems market, the Company's products support multiple C4ISR and EW applications for the U.S. Government on land, sea and air-borne platforms. Recently identified threats to the communication capabilities of U.S. Government facilities through jamming or 'spoofing' global positioning systems ('GPS') signals may be mitigated by the Company's technologies. In addition, similar types of threats to the public and enterprise networks have been identified by the U.S. Department of Homeland Security. The Company's high precision, ruggedized clocks combined with specialized software are essential for certain secure communication systems.
To address these markets, the Company has several corporate entities which operate under two reportable segments primarily based on the geographic locations of its subsidiaries. The two reportable segments are (1) FEI-NY, which includes the subsidiaries FEI Government Systems, Inc., FEI Communications, Inc., and FEI-Elcom Tech, Inc. ('FEI-Elcom') and (2) FEI-Zyfer, Inc. ('FEI-Zyfer').
The Company operates under two reportable segments, primarily aligned with the geographical locations of its subsidiaries: (1) FEI-NY and (2) FEI-Zyfer. Within each segment the Company designs, develops, manufactures and markets precision time and frequency control products for different markets as described below. The Company's Chief Executive Officer measures segment performance based on total revenues and profits generated by each geographic center rather than on the specific types of customers or end-users. Consequently, the Company determined that the segments indicated above appropriately reflect the way the Company's management views the business. The FEI-NY segment, which operates out of the Company's Long Island, New York headquarters facility, also includes the operations of the Company's wholly-owned subsidiary, FEI-Elcom. FEI-Elcom, in addition to its own product line, provides design and technical support for the FEI-NY segment's business. The products manufactured by the FEI-NY segment are principally marketed to the commercial and U.S. Government satellite markets, to other U.S. Department of Defense ('DOD') customers and to wireless communications network providers. The FEI-Zyfer segment, which operates out of California, designs and manufactures products which incorporate GPS technologies and high-precision clocks designed and manufactured at FEI-NY. FEI-Zyfer sells its products to both commercial and U.S. Government customers and collaborates with FEI-NY on joint product development activities.

FEI-NY Segment:
The Company provides precision time, frequency generation and synchronization products and subsystems that are found on-board satellites, in ground-based communication systems and imbedded in mobile platforms operated by the U.S. military. The Company has made a substantial investment in research and development ('R&D') to apply its core technologies to satellite payloads, non-space DOD programs and commercial and industrial markets. Revenues from satellite payloads, both for commercial and U.S. Government applications, have become the Company's largest business area while the portion of commercial network infrastructure sales has declined relatively. The Company expects to continue to generate substantial revenues from deployment of new and replacement satellites and other U.S. Government/DOD applications including sales of ruggedized subsystems for mobile U.S. military platforms.
Satellite Payloads
The use of satellites launched for communications, navigation, weather forecasting, video and data transmissions and Internet access has expanded the need to transmit increasing amounts of voice, video, and data to earth-based receivers. This requires more precise timing and frequency control at the satellite. The Company manufactures the master timing systems (quartz, rubidium) and other significant timing and frequency generation products for navigation, communication and intelligence collection satellites, and many of the Company's other space assemblies are used onboard spacecraft for command, control and power distribution. Efficient and reliable DC-DC power converters are also manufactured for the Company's own assemblies and as stand-alone products for space applications. The Company's oven-controlled quartz crystal oscillators are cost-effective precision frequency sources suited for high-end performance required in satellite communications, airborne and terrestrial datalinks and geophysical survey positioning systems. Commercial satellite programs which utilize the Company's space-qualified products include Iridium NEXT Constellation, Intelsat EPIC, O3B, WAAS, MexSat, MSV, ICO, TerreStar, EchoStar, Inmarsat and others. The Company is also pursuing core product opportunities for planned satellite constellations that will operate in low- or mid-earth orbits.
In the years ahead, the Company expects that the DOD will require more secure communication capabilities, more assets in space and greater bandwidth. The Global Positioning Satellite System, the MILSTAR Satellite System and the AEHF Satellite System are examples of the programs in which the Company has participated or will participate - programs which management believes are important to the success of the U.S. Government's communication, intelligence and Precision Navigation and Timing ('PNT') needs. It is likely that the DOD will move to adopt smaller and less expensive satellites for LEO applications, necessitating adaptation of the Company's products or development of new products to better suit this type of satellite architecture. The Company previously manufactured the master clock for the Trident missile, the basic timing system for the Voyager I and Voyager II deep space exploratory missions and the quartz timing system for the Space Shuttle. The Company's product offerings for U.S. Government satellite programs are similar in design and function to those used on commercial satellites, as described above.
U.S. Government- Non-space
In addition to space-based programs, the Company's proprietary products have been used in airborne and ground-based guidance, navigation, communications, radar, sonar and electronic countermeasures and timing systems. The Company has developed and patented a low acceleration-sensitive technology which offers an approximate 100 times improvement in performance under shock, vibration and other environmental effects as compared to devices not so designed. Products are built in accordance with DOD standards and are in use on many of the U.S. Government's important military applications. The Company anticipates that adequate funds will be provided by the U.S. Government to ensure that these programs are sustained.
FEI-Elcom addresses RF microwave modules and subsystems up to 60 GHz including fast switching, ultra-low phase noise synthesizers, up-down converters, receivers, tuners, ceramic resonance oscillators and dielectric resonance oscillators. These instruments and components are mission critical for many applications in the EW market, including SATCOM communication, surveillance, intelligence collection (SIGINT, COMINT, MASINT, and ELINT) and threat simulation systems.
The Company's sales on U.S. Government programs for both space and non-space applications are generally made under fixed price or cost-plus contracts either directly with U.S. Government agencies or indirectly through subcontracts intended for government end-use. For fixed-price contracts, the price paid to the Company is not subject to adjustment by reason of costs incurred by the Company in the performance of the contract, except for costs incurred due to contract changes ordered by the customer. These contracts are negotiated on terms under which the Company bears the risk of cost overruns and derives the benefit from cost savings. Cost-plus contracts reimburse the Company for the actual costs incurred in performance of the contract requirements.
As indicated above, many of the programs and platforms for which the Company supplies products and systems, are used by the U.S. Government for maintaining secure communications world-wide, for obtaining vital intelligence and for enabling precision targeting capabilities. It is the belief of management that the future success of the mission of the U.S. military and intelligence community is dependent on successful and timely deployment of these systems. Thus, the Company anticipates that adequate funds will be provided by the U.S. Government to ensure that the programs are completed. However, the Company's experience indicates that programs and/or product sales can be delayed or canceled due to variations associated with periodic U.S. Government appropriations cycles and shifting priorities.
Negotiations on U.S. Government contracts are sometimes based in part on Certificates of Current Costs. An inaccuracy in such certificates may entitle the government to an appropriate recovery. The Company's accounts with respect to these contracts are subject to audit by the Defense Contract Audit Agency ('DCAA'). The Company's last full incurred cost audit was performed in 2008. The Company is required to submit, for subsequent review, an Incurred Cost Report by October 31, for each year then ended. All such required reports have been filed with no adverse comments to date.
FEI has a DCAA audited and approved accounting system, which enables the Company to enter into contracts directly with U.S. Government agencies that require government certified accounting systems.

Government end-use contracts are subject to termination by the purchaser for convenience or default, as well as various other Federal Acquisition Regulations provisions. In the event of a termination for convenience, the Company is entitled to receive compensation as provided under the specific terms of such contracts. There were no end-use contracts terminated for the year ended April 30, 2022.
FEI-Zyfer Segment:
FEI-Zyfer designs, develops and manufactures products which provide PNT, primarily incorporating Global Navigation Satellite System(s) technology. FEI-Zyfer's products make use of both 'in-the-clear' civil and 'crypto-secured' military signals for GPS. FEI-Zyfer's products are integrated into radar systems, airborne SIGINT/COMINT platforms, information networks, test equipment, military command and control terminals, and satellite ground stations. FEI-Zyfer's products are an important extension of FEI's core product line, specifically in secure PNT for Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance (C5ISR). Recently identified threats to the communication capabilities of U.S. Government and to the public and enterprise networks through jamming, multi-path or 'spoofing' GPS signals may be mitigated by FEI-Zyfer's technologies and products. High precision, ruggedized clocks combined with specialized software are essential for the security of government communication and systems. More than 78% of FEI-Zyfer's revenues are derived from sales where the end user is the U.S. Government.


   Company Address: 55 CHARLES LINDBERGH BLVD. MITCHEL FIELD 11553 NY
   Company Phone Number: 794-4500   Stock Exchange / Ticker: NASDAQ FEIM
   


Customers Net Income fell by FEIM's Customers Net Profit Margin fell to

-53.19 %

3.71 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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HON        2.55% 
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Frequency Electronics Inc

FEI Shines Amidst Financial Challenges with Impressive Revenue Surge

Investors in Frequency Electronics Inc (FEI) may have been disappointed by the company's recent financial results, which showed a balanced bottom line despite a significant surge in revenue. However, a closer look at the numbers reveals a story of growth, resilience, and potential for future success.
The fact that FEI was able to achieve balanced books at $0.00 per share in the most recent fiscal period is a testament to the company's ability to manage costs and navigate challenges in the marketplace. Despite this achievement, the real standout figure is the 29.134% increase in revenue to $13.71 million, showcasing strong demand for FEI's products and services.

Frequency Electronics Inc

Frequency Electronics Inc. (FEI) Achieves Exceptional Revenue of $13.6 Million in Q2 FY2024, Driving Strong Company Growth

The strong financial results of Frequency Electronics Inc. (FEI) in the second quarter of fiscal year 2024 indicate positive momentum for the company. The significant increase in revenues, reaching $13.6 million for the quarter and $26.0 million for the six-month period, showcases FEI's ability to generate substantial growth compared to the previous fiscal year.
FEI's operating income in the second quarter of fiscal year 2024 also demonstrated a remarkable improvement, with $0.9 million achieved, compared to the operating loss of $2.3 million in the same period of fiscal year 2023. Furthermore, the company managed to report a positive operating income of $3.0 million for the six months ended October 31, 2023, recovering from the operating loss of $5.4 million in the previous year.

Contract

Frequency Electronics Inc. Achieves Milestone Revenue Growth Amid Evolving Market Dynamics: An In-depth Analysis of Corporate Customers and Market Performance

Published Tue, Dec 12 2023 9:05 PM UTC


:
Frequency Electronics Inc. (FEI) recently announced its second-quarter and fiscal year 2024 financial results, showcasing a substantial increase in revenues and operating income compared to the previous year. The company's corporate customers have also experienced a rise in costs of revenue, prompting a closer examination of market dynamics and potential challenge...

Product Service News

Frequency Electronics Strikes $9 Million Contract, but Faces Revenue Challenges Amidst Inventory Buildup and Spending Reduction.

Published Mon, Nov 27 2023 9:05 PM UTC



New York-based technology company, Frequency Electronics Inc. (FEI) has recently announced a significant contract award worth approximately $9 million. The multi-year agreement entails the delivery of advanced atomic clocks for a satellite navigation system to be deployed on a demonstration satellite. With contract options for additional clocks, the total productio...

Contract

Frequency Electronics Announces $19 Million Contract Award for Precision Frequency-Generation Systems

Published Mon, Nov 20 2023 9:05 PM UTC


Frequency Electronics, Inc. (FEI) has recently announced a major contract award from a prominent U.S. aerospace prime contractor. The contract, valued at approximately $19 million, requires FEI to supply on-board precision frequency-generation systems for a multi-satellite program. This two-year project involves the development, manufacturing, testing, and delivery of s...






 

Frequency Electronics Inc's Segments
 
 
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