Frequency Electronics, Inc., together with its subsidiaries, designs, develops, manufactures, and sells 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, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military. The FEI-Zyfer segment designs, develops, and manufactures products for precision navigation and timing primarily incorporating global positioning system technologies into radar systems, airborne SIGINT/COMINT platforms, information networks, test equipment, military command and control terminals, and satellite ground stations. The company's products are used in commercial, government satellites, secure communications, command, control, communication, computer, intelligence, security and reconnaissance, and electronic warfare applications for the United States government on land, sea, and air-borne platforms. 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.
Company profile
Ticker
FEIM
Exchange
Website
CEO
Dr. Thomas McClelland
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AZTEC MANUFACTURING CO
SEC CIK
Corporate docs
Subsidiaries
FEI Communications, Inc. • FEI Government Systems, Inc. • FEI-Elcom Tech, Inc. • FEI Realty, Inc. • FEI-Zyfer, Inc. ...
IRS number
111986657
FEIM stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
11 Oct 24
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Oct 24
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Oct 24
8-K
Departure of Directors or Certain Officers
9 Oct 24
10-Q
2025 Q1
Quarterly report
13 Sep 24
ARS
2024 FY
Annual report to shareholders
9 Sep 24
DEF 14A
Definitive proxy
28 Aug 24
10-K
2024 FY
Annual report
2 Aug 24
NT 10-K
Notice of late annual filing
29 Jul 24
8-K
Frequency Electronics, Inc. Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results
22 Jul 24
Transcripts
FEIM
Earnings call transcript
2024 Q3
14 Mar 24
FEIM
Earnings call transcript
2024 Q2
12 Dec 23
FEIM
Earnings call transcript
2024 Q1
14 Sep 23
FEIM
Earnings call transcript
2023 Q4
13 Jul 23
FEIM
Earnings call transcript
2023 Q4
13 Jul 23
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
Latest ownership filings
4
Russell M Sarachek
1 May 24
4
Russell M Sarachek
25 Apr 24
4
Russell M Sarachek
19 Apr 24
4
Jonathan Brolin
22 Mar 24
SC 13G/A
NEEDHAM INVESTMENT MANAGEMENT LLC
14 Feb 24
SC 13G/A
Wax Asset Management, LLC
9 Feb 24
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
9 Feb 24
4
Russell M Sarachek
27 Sep 23
4
Russell M Sarachek
20 Sep 23
SC 13G/A
NEEDHAM INVESTMENT MANAGEMENT LLC
14 Feb 23
Financial summary
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Diluted EPS |
Annual (USD) | Apr 24 | Apr 23 | Apr 22 | Apr 21 | |
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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) | 17.42 mm | 17.42 mm | 17.42 mm | 17.42 mm | 17.42 mm | 17.42 mm |
Cash burn (monthly) | 615.67 k | (no burn) | (no burn) | (no burn) | 506.67 k | (no burn) |
Cash used (since last report) | 1.68 mm | n/a | n/a | n/a | 1.38 mm | n/a |
Cash remaining | 15.74 mm | n/a | n/a | n/a | 16.04 mm | n/a |
Runway (months of cash) | 25.6 | n/a | n/a | n/a | 31.7 | n/a |
Institutional ownership, Q2 2024
53.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 32 |
Opened positions | 24 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 39.95 bn |
Total shares | 5.09 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Edenbrook Capital | 1.87 mm | $17.07 bn |
Dimensional Fund Advisors | 684.63 k | $6.24 bn |
Wax Asset Management | 646.36 k | $0.00 |
Needham Investment Management | 407.85 k | $3.72 bn |
Vanguard | 332.38 k | $3.03 bn |
Renaissance Technologies | 254.16 k | $2.32 bn |
Royce & Associates | 160.16 k | $1.46 bn |
BLK BlackRock | 150.65 k | $1.37 bn |
Geode Capital Management | 73.19 k | $666.95 mm |
King Luther Capital Management | 72.00 k | $655.92 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Apr 24 | Russell M Sarachek | Common Stock | Buy | Acquire P | No | No | 9.5 | 687 | 6.53 k | 436,034 |
19 Apr 24 | Russell M Sarachek | Common Stock | Buy | Acquire P | No | No | 9.51 | 1,602 | 15.24 k | 435,347 |
15 Apr 24 | Russell M Sarachek | Common Stock | Buy | Acquire P | No | No | 9.77 | 658 | 6.43 k | 433,745 |
20 Mar 24 | Edenbrook Capital | Common Stock | Buy | Acquire P | Yes | No | 9.94 | 10,000 | 99.40 k | 1,602,306 |
22 Sep 23 | Russell M Sarachek | Common Stock | Buy | Acquire P | No | No | 6.73 | 4,928 | 33.17 k | 433,087 |
Press releases
Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2025 Financial Results
10 Sep 24
Frequency Electronics Announces First Quarter Fiscal 2025 Financial Results Conference Call: Tuesday, September 10, 2024, at 4:30 PM ET
6 Sep 24
Frequency Electronics, Inc. Announces Inaugural Quantum Sensing Summit: A Pioneering Event to Shape the Future of Quantum Technology
6 Sep 24