Frequency Electronics (FEIM)

Company Profile

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

NASDAQ

Website

www.freqelec.com

CEO

Stanton D. Sloane

Incorporated

Delaware

Location

New York

Fiscal year end

Apr 30

Sector

Manufacturing > Electromedical and Electrotherapeutic Apparatus Manufacturing

Industry (SIC)

Instruments For Meas & Testing of Electricity & Elec Signals

Teradyne • Itron • Cohu • Transcat • Intest • Allied Motion • Data io • Aehr Test Systems • Giga Tronics • Reliability ...

SEC CIK

0000039020

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

FEI Zyfer, Inc. • FEI-Elcom Tech, Inc. ...

IRS number

111986657

FEIM stock data

1M 1Y 5Y

Latest filings (excl ownership)

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17 Mar 23

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

20 Dec 22

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

14 Sep 22

Transcripts

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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

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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

THOMAS MCCLELLAND

18 Jan 23

Steven Lawrence Bernstein

Financial summary

Financial statements Chart FEIM financial data

Quarter (USD)	Jan 23	Oct 22	Jul 22	Apr 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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
Net profit margin
Cash on hand
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	1.75 mm	n/a	n/a
Cash remaining	n/a	n/a	n/a	11.11 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	n/a	11.1	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

FEIM institutional ownership history Ownership history

55.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	25	24	+4.2%
Opened positions	2	1	+100.0%
Closed positions	1	2	-50.0%
Increased positions	3	6	-50.0%
Reduced positions	9	6	+50.0%

13F shares	Current	Prev Q	Change
Total value	29.74 mm	38.34 mm	-22.4%
Total shares	5.17 mm	5.26 mm	-1.7%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Edenbrook Capital	1.86 mm	$10.67 mm	+0.5%
Dimensional Fund Advisors	752.35 k	$4.33 mm	-4.6%
Needham Investment Management	677.85 k	$3.90 mm	0.0%
Royce & Associates	435.59 k	$2.51 mm	-2.2%
Vanguard	328.14 k	$1.89 mm	0.0%
Grace & White	222.68 k	$1.28 mm	0.0%
Renaissance Technologies	218.06 k	$1.25 mm	-10.5%
BLK Blackrock	158.79 k	$913.00 k	-0.4%
Janney Montgomery Scott	151.45 k	$871.00 k	0.0%
King Luther Capital Management	100.00 k	$575.00 k	0.0%

Largest transactions	Shares	Bought/sold	Change
Dimensional Fund Advisors	752.35 k	-35.90 k	-4.6%
STT State Street	0.00	-34.63 k	EXIT
Renaissance Technologies	218.06 k	-25.70 k	-10.5%
Susquehanna International	16.33 k	+16.33 k	NEW
Royce & Associates	435.59 k	-10.00 k	-2.2%
Edenbrook Capital	1.86 mm	+9.31 k	+0.5%
Shufro Rose & Co	90.18 k	-3.58 k	-3.8%
TETAA Teton Advisors	11.90 k	-3.10 k	-20.7%
BLK Blackrock	158.79 k	-697.00	-0.4%
MS Morgan Stanley	2.30 k	-532.00	-18.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FEIM insider ownership history Insider history

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