Frequency Electronics, Inc. is a world leader in the design, development and manufacture of high precision timing, frequency generation and RF control products for space and terrestrial applications. Frequency's products are used in satellite payloads and in other commercial, government and military systems including C4ISR and electronic warfare, missiles, UAVs, aircraft, GPS, secure communications, energy exploration and wireline and wireless networks. Frequency has received over 100 awards of excellence for achievements in providing high performance electronic assemblies for over 150 space and DOD programs. The Company invests significant resources in research and development to expand its capabilities and markets.
Company profile
Ticker
FEIM
Exchange
Website
CEO
Stanton D. Sloane
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Teradyne • Itron • Cohu • Transcat • Allied Motion • Intest • Data io • Aehr Test Systems • Giga Tronics • Reliability ...
SEC CIK
Corporate docs
Subsidiaries
FEI Zyfer, Inc. • FEI-Elcom Tech, Inc. ...
IRS number
111986657
FEIM stock data
Latest filings (excl ownership)
SD
Conflict minerals disclosure
25 May 23
10-Q
2023 Q3
Quarterly report
17 Mar 23
8-K
Frequency Electronics, Inc. Announces Third Quarter Fiscal Year 2023 Financial Results
9 Mar 23
8-K
Frequency Electronics, Inc. Names Tom McClelland as Permanent President and CEO
17 Jan 23
10-K/A
2022 FY
Annual report (amended)
20 Dec 22
10-Q
2023 Q2
Quarterly report
20 Dec 22
8-K
Frequency Electronics, Inc. Announces Second Quarter Fiscal Year 2023 Financial Results
20 Dec 22
NT 10-Q
Notice of late quarterly filing
16 Dec 22
8-K
Results of Operations and Financial Condition
16 Dec 22
8-K
Submission of Matters to a Vote of Security Holders
7 Oct 22
Transcripts
FEIM
Earnings call transcript
2023 Q3
9 Mar 23
FEIM
Earnings call transcript
2023 Q2
21 Dec 22
FEIM
Earnings call transcript
2023 Q1
13 Sep 22
FEIM
Earnings call transcript
2022 Q4
13 Jul 22
FEIM
Earnings call transcript
2022 Q3
11 Mar 22
FEIM
Earnings call transcript
2022 Q2
10 Dec 21
FEIM
Earnings call transcript
2022 Q1
13 Sep 21
FEIM
Earnings call transcript
2021 Q4
30 Jun 21
FEIM
Earnings call transcript
2021 Q3
12 Mar 21
FEIM
Earnings call transcript
2021 Q1
10 Sep 20
Latest ownership filings
SC 13G/A
NEEDHAM INVESTMENT MANAGEMENT LLC
14 Feb 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G
Wax Asset Management, LLC
7 Feb 23
SC 13G/A
ROYCE & ASSOCIATES LP
27 Jan 23
4
THOMAS MCCLELLAND
18 Jan 23
4
Steven Lawrence Bernstein
18 Jan 23
4
Jonathan Brolin
9 Jan 23
4
Jonathan Brolin
4 Jan 23
4
Jonathan Brolin
27 Dec 22
4
Jonathan Brolin
29 Sep 22
Financial summary
| Quarter (USD) | Jan 23 | Oct 22 | Jul 22 | Apr 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Apr 22 | Apr 21 | Apr 20 | Apr 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 12.85 mm | 12.85 mm | 12.85 mm | 12.85 mm | 12.85 mm | 12.85 mm |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 996.33 k | (no burn) | (no burn) |
| Cash used (since last report) | n/a | n/a | n/a | 4.25 mm | n/a | n/a |
| Cash remaining | n/a | n/a | n/a | 8.61 mm | n/a | n/a |
| Runway (months of cash) | n/a | n/a | n/a | 8.6 | n/a | n/a |
Institutional ownership, Q1 2023
59.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 26 |
| Opened positions | 1 |
| Closed positions | 2 |
| Increased positions | 6 |
| Reduced positions | 10 |
| 13F shares | Current |
|---|---|
| Total value | 32.25 bn |
| Total shares | 5.56 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Edenbrook Capital | 1.86 mm | $12.84 bn |
| Dimensional Fund Advisors | 726.06 k | $5.00 bn |
| Needham Investment Management | 652.85 k | $4.50 bn |
| Wax Asset Management | 646.36 k | $0.00 |
| Royce & Associates | 409.79 k | $2.82 bn |
| Vanguard | 328.52 k | $2.26 bn |
| Renaissance Technologies | 201.36 k | $1.39 mm |
| Grace & White | 165.56 k | $1.14 bn |
| BLK Blackrock | 149.17 k | $1.03 bn |
| King Luther Capital Management | 100.00 k | $689.00 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 Jan 23 | Steven Lawrence Bernstein | Common Stock | Grant | Acquire A | No | No | 0 | 20,000 | 0.00 | 25,437 |
| 17 Jan 23 | Thomas Mcclelland | Common Stock | Grant | Acquire A | No | No | 0 | 30,000 | 0.00 | 42,670 |
| 5 Jan 23 | Edenbrook Capital | Common Stock | Buy | Acquire P | Yes | No | 5.75 | 500 | 2.88 k | 1,592,306 |
| 30 Dec 22 | Edenbrook Capital | Common Stock | Buy | Acquire P | Yes | No | 7.05 | 2,042 | 14.40 k | 1,591,806 |
| 27 Dec 22 | Edenbrook Capital | Common Stock | Buy | Acquire P | Yes | No | 6.1981 | 2,588 | 16.04 k | 1,589,764 |
| 23 Dec 22 | Edenbrook Capital | Common Stock | Buy | Acquire P | Yes | No | 6.249 | 1,197 | 7.48 k | 1,587,176 |
| 23 Dec 22 | Edenbrook Capital | Common Stock | Buy | Acquire P | Yes | No | 6.31 | 100 | 631.00 | 1,585,979 |
| 22 Dec 22 | Edenbrook Capital | Common Stock | Buy | Acquire P | Yes | No | 6.18 | 1,700 | 10.51 k | 1,585,879 |