Frequency Electronics, Inc.

FEIM

FEIMFrequency Electronics, Inc. US flag

NASDAQ Global Market

72.16

USD

-0.41

- -

710.19MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	53	64	69	72	77	55	50	39	50	42	54	48	41	55	70
+ Sales & Services Revenue	53	64	69	72	77	55	50	39	50	42	54	48	41	55	70
- Cost of Revenue	33	39	44	47	53	36	39	34	34	36	37	40	33	37	40
+ Cost of Goods & Services	33	39	44	47	53	36	39	34	34	36	37	40	33	37	40
Gross Profit	20	25	25	25	24	19	11	5	16	6	17	9	8	19	30
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	16	18	20	20	20	17	19	18	19	17	18	17	13	14	18
+ Selling, General & Admin	11	14	15	14	14	11	12	11	12	12	13	12	9	10	12
+ Research & Development	5	4	6	6	6	5	7	7	7	5	5	5	3	3	6
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	3	7	5	5	4	2	-8	-12	-3	-11	-1	-8	-5	5	12
- Non-Operating (Income) Loss	- -	- -	- -	-1	-1	-1	- -	-1	- -	1	-1	1	1	- -	- -
+ Interest Expense, Net	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	-2	-1	-1	-1	-1	- -	1	-2	1	1	-1	-1
Pretax Income	4	7	5	6	5	3	-7	-11	-2	-12	- -	-9	-5	5	12
- Income Tax Expense (Benefit)	-2	-1	1	2	2	1	-2	11	- -	-2	- -	- -	- -	- -	-12
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	6	7	4	4	3	2	-5	-22	-3	-10	1	-9	-6	6	24
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	1	- -	1	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	-1	- -	-1	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	2	- -	3	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	6	7	4	4	3	1	-5	-24	-3	-10	1	-9	-6	6	24
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	6	7	4	4	3	1	-5	-24	-3	-10	1	-9	-6	6	24
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	6	7	4	4	3	1	-5	-24	-3	-10	1	-9	-6	6	24
EBIT	3	7	5	5	4	2	-8	-12	-3	-11	-1	-8	-5	5	12
EBITDA	5	9	7	7	7	5	-5	-10	- -	-8	2	-5	-2	7	14
EBITDA Margin (%)	10.2	14.06	10.29	10.26	8.65	8.96	-9.71	-25.15	-0.03	-18.32	4.32	-10.38	-5.49	12.92	19.75
EBITA	3	7	5	5	4	2	-8	-12	-3	-11	-1	-8	-5	5	12
Gross Margin (%)	37.52	38.71	36.43	34.59	30.76	34.78	22.34	13.1	31.89	13.85	31.19	17.8	19.25	33.62	43.11
Operating Margin (%)	6.56	10.54	6.79	6.81	4.8	4.45	-14.95	-31.45	-5.69	-26.31	-1.77	-16.64	-11.46	9.08	16.81
Profit Margin (%)	11.3	11.6	5.35	5.65	3.69	1.81	-9.57	-60.34	-5.11	-24.15	1.25	-17.94	-13.49	10.12	33.93
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	0.2	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	1
Depreciation Expense	2	2	2	2	3	2	3	2	3	3	3	3	2	2	2
Basic Weighted Avg Shares	8	8	8	9	9	9	9	9	9	9	9	9	9	9	10
Basic EPS, GAAP	0.73	0.89	0.44	0.47	0.33	0.12	-0.55	-2.69	-0.28	-1.1	0.07	-0.93	-0.59	0.59	2.47
Basic EPS from Cont Ops	0.73	0.89	0.44	0.47	0.33	0.25	-0.56	-2.54	-0.28	-1.1	0.07	-0.93	-0.59	0.59	2.47
Diluted Weighted Avg Shares	8	9	9	9	9	9	9	9	9	9	9	9	9	9	10
Diluted EPS, GAAP	0.72	0.86	0.43	0.46	0.32	0.11	-0.55	-2.69	-0.28	-1.1	0.07	-0.93	-0.59	0.59	2.47
Diluted EPS from Cont Ops	0.72	0.86	0.43	0.46	0.32	0.25	-0.56	-2.54	-0.28	-1.1	0.07	-0.93	-0.59	0.59	2.47

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	68	79	81	88	84	86	70	52	53	51	61	56	48	58	53
+ Cash, Cash Equivalents & STI	21	22	22	24	18	17	10	14	12	14	20	22	12	18	5
+ Cash & Cash Equivalents	5	5	3	8	7	6	2	8	4	4	10	12	12	18	5
+ ST Investments	15	18	18	16	11	11	8	6	8	11	10	10	- -	- -	- -
+ Accounts & Notes Receiv	14	18	16	18	23	20	19	9	13	11	20	13	15	15	24
+ Accounts Receivable, Net	12	11	8	8	10	7	11	4	6	4	6	4	5	5	6
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	2	7	9	10	13	12	8	5	7	7	14	9	10	11	18
+ Inventories	28	34	38	41	38	36	29	26	23	23	20	20	21	23	23
+ Raw Materials	13	16	21	25	24	24	18	16	12	15	12	12	12	15	15
+ Work In Process	12	16	14	12	10	8	7	8	9	6	6	8	8	8	8
+ Finished Goods	3	3	3	4	4	4	4	2	3	1	1	- -	1	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	5	5	5	5	4	13	12	3	4	3	1	1	1	1	1
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	22	27	28	32	34	36	43	32	34	40	37	29	26	25	41
+ Property, Plant & Equip, Net	7	8	8	11	13	12	15	14	13	22	19	17	14	12	15
+ Property, Plant & Equip	45	48	50	56	58	54	59	60	60	71	72	71	71	71	75
- Accumulated Depreciation	38	40	42	44	46	42	44	46	47	49	52	54	56	58	60
+ LT Investments & Receivables	13	11	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	13	11	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	2	8	9	20	22	24	29	17	21	18	18	11	12	13	26
+ Total Intangible Assets	- -	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1	1
+ Other Intangible Assets	- -	1	1	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	2	7	8	20	21	23	28	17	20	17	17	11	11	12	25
Total Assets	90	106	109	119	118	122	113	84	87	91	99	85	74	83	94
+ Payables & Accruals	2	5	4	5	4	4	3	3	2	4	4	3	3	4	4
+ Accounts Payable	2	3	1	2	2	3	2	2	1	1	1	1	1	2	1
+ Accrued Taxes	- -	2	1	2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	1	1	1	1	1	1	1	1	2	3	1	1	1	2
+ ST Debt	- -	6	- -	- -	- -	- -	- -	- -	- -	7	2	2	2	2	2
+ ST Borrowings	- -	6	- -	- -	- -	- -	- -	- -	- -	5	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	6	- -	- -	- -	- -	- -	- -	- -	2	2	2	2	2	2
+ Other ST Liabilities	5	4	6	5	4	6	5	2	4	3	15	17	22	25	18
+ Deferred Revenue	1	- -	2	1	1	1	- -	- -	- -	- -	13	11	19	22	14
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	5	4	4	4	4	6	5	2	4	3	3	6	4	3	4
Total Current Liabilities	7	16	9	10	8	10	8	5	6	14	21	22	27	31	23
+ LT Debt	- -	- -	6	10	6	6	- -	- -	- -	9	8	7	6	5	7
+ LT Borrowings	- -	- -	6	10	6	6	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	6	- -	- -	- -	- -	- -	- -	9	8	7	6	5	7
+ Other LT Liabilities	11	11	11	11	12	13	16	15	18	14	14	9	8	8	8
+ Accrued Liabilities	1	11	11	11	12	12	15	15	16	14	14	9	8	8	8
+ Pension Liabilities	10	10	10	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	-10	-10	- -	- -	1	1	- -	2	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	11	11	17	21	18	19	16	15	18	23	23	16	14	13	15
Total Liabilities	18	27	26	31	26	29	24	20	24	37	43	38	42	43	38
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	59	60	61	62	64	65	65	66	66	66	67	67	59	60	52
+ Common Stock	9	9	9	9	9	9	9	9	9	9	9	9	9	10	10
+ Additional Paid in Capital	50	51	52	53	54	56	56	56	57	57	57	58	49	50	42
- Treasury Stock	4	4	3	3	2	2	2	1	1	- -	- -	- -	- -	- -	- -
+ Retained Earnings	11	19	21	25	28	29	24	- -	-2	-12	-11	-20	-26	-20	4
+ Other Equity	5	4	4	4	3	2	2	-1	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	72	79	82	88	92	93	89	63	63	54	55	47	33	40	56
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	72	79	82	88	92	93	89	63	63	54	55	47	33	40	56
Total Liabilities & Equity	90	106	109	119	118	122	113	84	87	91	99	85	74	83	94
Shares Outstanding	8	8	8	9	9	9	9	9	9	9	9	9	9	10	10
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	6	6	- -	- -	- -	- -	- -	- -	11	10	9	8	6	9
Net Debt	-5	2	3	2	-1	- -	-2	-8	-4	1	-10	-12	-12	-18	-5
Net Debt to Equity	-7.37	2.04	3.27	2.72	-1.33	0.19	-2.42	-12.44	-5.84	2.13	-17.7	-24.76	-36.64	-46.01	-8.49
Tangible Common Equity Ratio	79.58	74.28	75.53	73.8	77.8	76.29	78.72	75.51	72.51	59.14	55.96	54.75	43.68	47.44	59.07
Current Ratio	9.17	4.93	8.69	9.06	10.01	8.33	8.61	9.91	9.03	3.74	2.97	2.56	1.77	1.89	2.26
Cash Conversion Cycle	360.79	339.77	333.54	333.88	300.3	405.72	338.63	340.14	289.42	270.17	228.24	209.09	250.14	231.57	226.12

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	6	7	4	4	3	1	-5	-24	-3	-10	1	-9	-6	6	24
+ Depreciation & Amortization	2	2	2	2	3	2	3	2	3	3	3	3	2	2	2
+ Non-Cash Items	-1	1	4	1	1	- -	9	16	1	3	1	2	- -	1	-8
+ Stock-Based Compensation	- -	1	1	1	1	1	1	- -	- -	- -	- -	- -	- -	1	1
+ Deferred Income Taxes	-4	-3	- -	- -	-1	-1	-1	10	- -	- -	- -	- -	- -	- -	-12
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -
+ Other Non-Cash Adj	2	2	3	- -	1	1	9	6	- -	3	1	1	- -	- -	3
+ Chg in Non-Cash Work Cap	-5	-8	-7	-4	-5	-1	-3	9	-4	2	7	7	4	- -	-19
+ (Inc) Dec in Accts Receiv	-2	-5	- -	-2	-6	2	1	12	-2	1	-5	7	-1	- -	-9
+ (Inc) Dec in Inventories	-2	-4	-6	-3	1	-4	2	-2	- -	- -	3	- -	-1	-4	-1
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	-1	1	1	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-1	1	- -	1	- -	- -	-2	1	- -	1	1	-1	1	2	- -
+ Inc (Dec) in Other	-1	- -	-2	- -	- -	- -	-4	-2	-1	-1	7	2	6	2	-9
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	1	3	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2	2	3	4	2	3	4	5	- -	-1	12	4	1	9	-1
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-5	-2	- -	2	5	- -	4	2	-2	-2	- -	- -	10	- -	- -
+ Dec in LT Investment	4	7	3	5	7	1	4	6	2	4	2	2	11	- -	- -
+ Inc in LT Investment	-9	-9	-3	-3	-2	-1	-1	-5	-4	-5	-2	-3	-1	- -	- -
+ Net Cash From Acq & Div	- -	-4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	-4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-2	-1	-2	-5	-4	-3	-5	-1	-3	-1	-1	-2	-1	-1	-2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-7	-8	-2	-4	1	-4	-1	- -	-5	-3	-1	-2	9	-1	-2
+ Dividends Paid	- -	- -	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	-9	- -	-10
+ Net Cash From Debt	- -	6	5	4	-4	- -	-12	- -	- -	5	-5	- -	- -	- -	- -
+ Cash From Debt	- -	6	10	4	2	- -	- -	- -	- -	5	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	-1	-5	- -	-6	- -	-12	- -	- -	- -	-5	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	-5	- -	- -	- -	5	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	6	-2	4	-4	- -	-7	- -	- -	5	-5	- -	-9	- -	-10
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	-1	1	- -	1	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-5	- -	-1	4	-1	- -	-4	5	-5	- -	6	2	- -	7	-13
EBITDA	5	9	7	7	7	5	-5	-10	- -	-8	2	-5	-2	7	14
EBITDA Margin (%)	10.2	14.06	10.29	10.26	8.65	8.96	-9.71	-25.15	-0.03	-18.32	4.32	-10.38	-5.49	12.92	19.75
Free Cash Flow	2	2	3	4	2	3	4	5	- -	-1	12	4	1	9	-1
Net Cash Paid for Acquisitions	- -	4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	3	4	2	3	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	2	8	8	8	-2	3	-8	5	- -	4	7	4	1	9	-1
Free Cash Flow per Basic Share	0.23	0.26	0.34	0.43	0.22	0.33	0.44	0.51	-0.01	-0.16	1.32	0.44	0.13	0.92	-0.15
Price/Free Cash Flow	45.75	30.28	30.43	25.66	62.68	30.97	23.73	17.18	-1,107.61	-64.75	8.17	18.62	51.97	10.4	-125.15
Cash Flow to Net Income	0.31	0.29	0.77	0.9	0.67	2.91	-0.81	-0.19	0.04	0.14	17.88	-0.47	-0.21	1.56	-0.06
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -