Frequency Electronics Inc (OQ:FEIM)

Business Focus: Electrical Components & Equipment

Sector:  Industrials Industry:  Electrical Components & Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: 55 Charles Lindbergh Blvd
UNIONDALE NY 11553-3664
Tel: N/A
Website: https://freqelec.com
IR: See website
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Key People
Thomas Mcclelland
President, Chief Executive Officer
Steven Lawrence Bernstein
Chief Financial Officer, Treasurer, Secretary
Oleandro Mancini
Senior Vice President - Business Development
Business Overview
Frequency Electronics, Inc. is engaged in the design, development and manufacture of precision timing, frequency generation and radio frequency control products for space and terrestrial applications. The Company operates through two segments: FEI-NY and FEI-Zyfer. 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 imbedded in mobile platforms operated by the United States military. FEI-Zyfer designs, develops, and manufactures products which provide Precision Navigation and Timing (PNT), primarily incorporating Global Navigation Satellite System(s) technology. FEI-Zyfers products make use of both in-the-clear civil and crypto-secured military signals for global positioning systems (GPS). FEI-Zyfers products are integrated into radar systems, information networks, test equipment, military command and control terminals, and satellite ground stations.
Financial Overview
For the nine months ended 31 January 2024, Frequency Electronics Inc revenues increased 43% to $39.7M. Net income totaled $3M vs. loss of $5.7M. Revenues reflect FEI - NY (Comm. & US Govt) segment increase of 32% to $30.4M, FEI-Zyfer segment increase of 98% to $11.4M. Net Income reflects FEI - NY (Comm. & US Govt) segment income totaling $2M vs. loss of $3.7M, FEI-Zyfer segment income totaling $992K vs. loss of $1.1M.
Employees: 187 as of Apr 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $79.23M as of Jan 31, 2024
Annual revenue (TTM): $52.70M as of Jan 31, 2024
EBITDA (TTM): $2.92M as of Jan 31, 2024
Net annual income (TTM): $3.22M as of Jan 31, 2024
Free cash flow (TTM): -$0.25M as of Jan 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 9,487,342 as of Mar 18, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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