FREQUENCY ELECTRONICS INC FEIM

Technology SIC 3825 - Instruments For Meas & Testing of Electricity & Elec Signals NAICS Manufacturing › Computer and Electronic Product Manufacturing › Navigational, Measuring, Electromedical, and Control Instruments Manufacturing › Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals derived Nasdaq

Electronics, Inc. (sometimes referred to as "Registrant", "Frequency Electronics" or the "Company")

is a world leader in precision time and frequency generation technology, which is incorporated into commercial and U.S. Government satellites,

Command, Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance ("C4ISR"), and Electronic Warfare

("EW") systems. Its technology is used for a wide range of space and non-space applications.

Last close 64.18 2026-10-23
Market cap —
52-week range 26.05 - 89.76

Valuation FY2025 figures against the last close

P/S10.0x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield0.0%
Diluted EPS-0.09

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Geographic Distribution, Domestic
  • Geographic Distribution, Foreign
Revenue by geography, 2 categories over 2 years. The same figures are in the table below. FY2025 Geographic Distribution, Domestic, FY2025: 57.7M (91.3%) 91% Geographic Distribution, Domestic Geographic Distribution, Foreign, FY2025: 5.5M (8.7%) 9% FY2024 Geographic Distribution, Domestic, FY2024: 65.4M (93.6%) 94% Geographic Distribution, Foreign, FY2024: 4.4M (6.4%) 6%
Region FY2025FY2024
Geographic Distribution, Domestic $57.7M $65.4M
Geographic Distribution, Foreign $5.5M $4.4M

As the company reported it, from the “Segment Information - Schedule of Revenue from External Customers by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $63.2M$69.8M$89.0K$196.0K$48.3M$54.3M$41.5M$49.5M$39.4M$50.4M
Cost of revenue $44.8M$39.7M$36.7M$32.9M$39.7M$37.3M$35.8M$33.7M$34.2M$39.1M
Gross profit $18.4M$30.1M$18.6M$7.8M$8.6M$16.9M$5.7M$15.8M$5.2M$11.2M
R&D $6.0M$6.1M$3.4M$3.1M$5.0M$4.7M$5.1M$6.5M$7.0M$6.9M
SG&A $15.4M$12.3M$10.2M$9.4M$11.7M$13.2M$11.6M$12.1M$10.6M$11.9M
Operating income -$3.0M$11.7M$5.0M-$4.7M-$8.0M-$958.0K-$10.9M-$2.8M-$12.4M-$7.5M
Interest expense $87.0K$104.0K$109.0K$156.0K$77.0K$127.0K$107.0K$83.0K$79.0K$150.0K
Pre-tax income -$2.9M$12.1M$5.5M-$5.4M-$8.7M$476.0K-$11.8M-$2.5M-$11.3M-$7.0M
Income tax $2.0M$11.5M$130.0K$74.0K$1.0K$204.0K$1.7M$56.0K$11.2M$2.1M
Net income -$903$23.7M$5.6K-$5.5M-$8.7M$680.0K-$10.0M-$2.5M-$23.8M-$4.8M
EPS, basic -0.092.460.59——————-0.55
EPS, diluted -0.092.460.59——0.07-1.10-0.28-2.69-0.55
Shares, diluted (wtd. avg.) 9.8M9.6M9.4M9.3M9.3M9.2M9.3M9.2M8.8M8.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.6M$4.7M$19.3M$12.0M$11.6M$9.8M$3.8M$3.7M$7.9M$2.2M
Short-term investments ———$0$10.0M$10.3M$10.6M$8.2M$6.1M$7.8M
Receivables $4.7M$5.9M$4.6M$4.6M$4.3M$5.5M$4.4M$6.4M$4.3M$11.0M
Inventory $22.6M$23.5M$23.4M$20.5M$19.9M$19.7M$23.0M$23.4M$26.2M$29.1M
Total current assets $48.0M$53.1M$58.1M$48.3M$56.0M$61.2M$51.2M$52.7M$52.1M$69.9M
Property, plant and equipment $7.1M$6.2M$6.4M$7.1M$8.6M$9.6M$11.3M$13.0M$14.1M$14.8M
Goodwill $218.0K$617.0K$617.0K$617.0K——————
Total assets $90.7M$93.7M$83.3M$74.5M$84.8M$98.5M$91.3M$86.8M$83.6M$113.3M
Short-term debt ——————$5.0M$0——
Total current liabilities $21.0M$23.5M$30.8M$27.3M$21.9M$20.6M$13.7M$5.8M$5.3M$8.1M
Total liabilities $34.3M$38.1M$43.4M$41.6M$38.1M$43.1M$37.0M$23.7M$20.3M$24.0M
Retained earnings $2.8M$3.7M-$20.0M-$25.6M-$20.1M-$11.5M-$12.1M-$2.1M-$65.0K$23.7M
Total equity $56.4M$55.6M$39.8M$32.9M$46.7M$55.4M$54.2M$63.1M$63.3M$89.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.3M-$1.4M$8.7M$1.2M$4.0M$12.2M-$1.4M-$97.0K$4.5M$3.9M
Depreciation and amortisation $1.9M$2.1M$2.1M$2.4M$3.0M$3.3M$3.3M$2.8M$2.5M$2.6M
Stock-based compensation $2.0M$1.2M$822.0K$197.0K$247.0K$273.0K$312.0K$500.0K$470.0K$662.0K
Capital expenditure $2.9M$1.8M$1.5M$918.0K$1.9M$1.2M$1.5M$2.8M$1.4M$5.2M
Investing cash flow -$2.9M-$1.8M-$1.5M$8.7M-$2.3M-$1.2M-$3.4M-$4.7M$341.0K-$1.5M
Financing cash flow -$1.6M-$9.9M$0-$9.4M$0-$5.0M$5.0M$0$0-$6.7M
Dividends paid $0$9.6M$0$9.4M$0—————
Buybacks $1.6M$377.0K$0———————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001185185-26-003746.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -25M 0 25M 50M 75M Revenue, FY2016: 50.4M Gross profit, FY2016: 11.2M Net income, FY2016: -4.8M Revenue, FY2017: 39.4M Gross profit, FY2017: 5.2M Net income, FY2017: -23.8M Revenue, FY2018: 49.5M Gross profit, FY2018: 15.8M Net income, FY2018: -2.5M Revenue, FY2019: 41.5M Gross profit, FY2019: 5.7M Net income, FY2019: -10M Revenue, FY2020: 54.3M Gross profit, FY2020: 16.9M Net income, FY2020: 680K Revenue, FY2021: 48.3M Gross profit, FY2021: 8.6M Net income, FY2021: -8.7M Revenue, FY2022: 196K Gross profit, FY2022: 7.8M Net income, FY2022: -5.5M Revenue, FY2023: 89K Gross profit, FY2023: 18.6M Net income, FY2023: 5.6K Revenue, FY2024: 69.8M Gross profit, FY2024: 30.1M Net income, FY2024: 23.7M Revenue, FY2025: 63.2M Gross profit, FY2025: 18.4M Net income, FY2025: -903 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $50.4M $39.4M $49.5M $41.5M $54.3M $48.3M $196.0K $89.0K $69.8M $63.2M
Gross profit $11.2M $5.2M $15.8M $5.7M $16.9M $8.6M $7.8M $18.6M $30.1M $18.4M
Net income -$4.8M -$23.8M -$2.5M -$10.0M $680.0K -$8.7M -$5.5M $5.6K $23.7M -$903

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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