FEIM on Nasdaq
FREQUENCY ELECTRONICS INC
American Instruments For Meas and Testing of Electricity and Elec Signals company. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
Compare with Aehr Test Systems, INTEST CORP or Data I/O, or pick any stock.
- TickerFEIM on Nasdaq2
- IndustryInstruments For Meas & Testing of Electricity & Elec Signals2
- HeadquartersUniondale, United States2
- Incorporated inDE4
- Business address55 Charles Lindbergh Blvd, Mitchel Field, Ny 115534
- Filer categoryNon-accelerated filer, Smaller reporting company4
- Legal formCorporation2
- LEI549300S56SO2JB5JBE312
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O United States Corporation Company, 19808 Wilmington, United States2
See how the biggest companies compare on our leaderboards
(“EW”) systems. Its technology is used for a wide range of space and non-space applications.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
29.1%Gross margin3
-4.7%Operating margin3
-1.4%Net margin3
-9.4%Revenue growth, 20263
-1.6%Return on equity3
-$1.6MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
POCRevenue brought in 48% of the revenue FREQUENCY ELECTRONICS INC broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| POCRevenue | $65.8M | $57.7M |
| Government Non Space Revenue | $26.5M | $38.0M |
| Satellite Revenue | $40.9M | $23.1M |
| Other Commercial Industrial Revenue | $2.4M | $2.1M |
Regions
Geographic Distribution, Domestic brought in 44% of the revenue FREQUENCY ELECTRONICS INC broke down this way in fiscal 2026.
Regions by year
| Regions | 2025 | 2026 |
|---|---|---|
| Geographic Distribution, Domestic | $65.4M | $57.7M |
| NY | $53.3M | $45.7M |
| Canada | $18.7M | $21.7M |
| Geographic Distribution, Foreign | $4.4M | $5.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue66¢$44.8M
- Research and development9¢$6.0M
- Selling, general and admin23¢$15.4M
- Interest0¢$87.0K
- Income tax3¢$2.0M
Out of $63.2M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2026
- Capital spending64¢$2.9M
- Share buybacks36¢$1.6M
Out of $1.3M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2026-04-30 | 2025-04-30 |
|---|---|---|
| Revenues | $63.2M | $69.8M |
| Cost of revenues | $44.8M | $39.7M |
| Gross margin | $18.4M | $30.1M |
| Selling and administrative expenses | $15.4M | $12.3M |
| Research and development expenses | $6.0M | $6.1M |
| Operating (loss) income | -$3.0M | $11.7M |
| Income on investments | $673.0K | $519.0K |
| Interest expense | -$87.0K | -$104.0K |
| Other expense, net | -$493.0K | -$3.0K |
| (Loss) income before benefit from income taxes | -$2.9M | $12.1M |
| Benefit from income taxes | -$2.0M | -$11.5M |
| Net (loss) income | -$903.0K | $23.7M |
| Basic (loss) income per share (in Dollars per share) | -$0.09 | $2.46 |
| Diluted (loss) income per share (in Dollars per share) | -$0.09 | $2.46 |
| Basic (in Shares) | 9.8M shares | 9.6M shares |
| Diluted (in Shares) | 9.8M shares | 9.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2026-04-30 | 2025-04-30 | 2024-04-30 |
|---|---|---|---|
| Cash and cash equivalents | $1.6M | $4.7M | |
| Accounts receivable, net of allowances of $39 at April 30, 2026 and $110 at April 30, 2025 | $4.7M | $5.9M | |
| Contract assets | $17.3M | $17.9M | $10.5M |
| Inventories | $22.6M | $23.5M | |
| Prepaid income taxes | $221.0K | $0 | |
| Prepaid expenses and other | $1.5M | $1.1M | |
| Total current assets | $48.0M | $53.1M | |
| Property, plant, and equipment, net | $7.1M | $6.2M | |
| Deferred taxes | $14.1M | $12.0M | |
| Goodwill | $218.0K | $617.0K | |
| Cash surrender value of life insurance and assets held in trust | $11.7M | $10.9M | |
| Right-of-use assets operating leases | $7.4M | $8.7M | |
| Restricted cash | $1.3M | $1.4M | |
| Other assets | $839.0K | $875.0K | |
| Total assets | $90.7M | $93.7M | |
| Accounts payable trade | $3.0M | $1.4M | |
| Accrued liabilities | $6.5M | $5.9M | |
| Loss provision accrual | $103.0K | $460.0K | |
| Income taxes payable | $0 | $103.0K | |
| Operating lease liability, current portion | $2.0M | $2.0M | |
| Contract liabilities | $9.4M | $13.6M | $21.6M |
| Total current liabilities | $21.0M | $23.5M | |
| Deferred compensation | $7.7M | $7.9M | |
| Operating lease liability, non-current portion | $5.6M | $6.7M | |
| Other liabilities | $7.0K | $0 | |
| Total liabilities | $34.3M | $38.1M | |
| Contingencies (Note 15) | $0 | $0 | |
| Preferred stock - $1.00 par value; authorized 600 shares, no shares issued and outstanding | $0 | $0 | |
| Common stock - $1.00 par value; authorized 20,000 shares, 9,925 shares issued and 9,869 shares outstanding at April 30, 2026; 9,717 shares issued and 9,704 shares outstanding at April 30, 2025 | $9.9M | $9.7M | |
| Additional paid-in capital | $45.5M | $42.5M | |
| Retained earnings | $2.8M | $3.7M | |
| Common stock reacquired and held in treasury at cost (56 shares at April 30, 2026 and 13 shares at April 30, 2025) | -$1.8M | -$231.0K | |
| Total stockholders equity | $56.4M | $55.6M | $39.8M |
| Total liabilities and stockholders equity | $90.7M | $93.7M | |
| Allowances | $39.0K | $110.0K | |
| Preferred stock, par value (in Dollars per share) | $1.00 | $1.00 | |
| Preferred stock, shares authorized (in Shares) | 600.0K shares | 600.0K shares | |
| Preferred stock, shares issued (in Shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in Shares) | 0 shares | 0 shares | |
| Common stock, par value (in Dollars per share) | $1.00 | $1.00 | |
| Common stock, shares authorized (in Shares) | 20.0M shares | 20.0M shares | |
| Common stock shares issued (in Shares) | 9.9M shares | 9.7M shares | |
| Common stock shares outstanding (in Shares) | 9.9M shares | 9.7M shares | |
| Common stock reacquired and held in treasury, shares (in Shares) | 56.0K shares | 13.0K shares |
| Period ending | 2026-04-30 | 2025-04-30 | 2024-04-30 |
|---|---|---|---|
| Cash and cash equivalents | $1.6M | $4.7M | |
| Accounts receivable, net of allowances of $39 at April 30, 2026 and $110 at April 30, 2025 | $4.7M | $5.9M | |
| Contract assets | $17.3M | $17.9M | $10.5M |
| Inventories | $22.6M | $23.5M | |
| Prepaid income taxes | $221.0K | $0 | |
| Prepaid expenses and other | $1.5M | $1.1M | |
| Total current assets | $48.0M | $53.1M | |
| Property, plant, and equipment, net | $7.1M | $6.2M | |
| Deferred taxes | $14.1M | $12.0M | |
| Goodwill | $218.0K | $617.0K | |
| Cash surrender value of life insurance and assets held in trust | $11.7M | $10.9M | |
| Right-of-use assets operating leases | $7.4M | $8.7M | |
| Restricted cash | $1.3M | $1.4M | |
| Other assets | $839.0K | $875.0K | |
| Total assets | $90.7M | $93.7M | |
| Accounts payable trade | $3.0M | $1.4M | |
| Accrued liabilities | $6.5M | $5.9M | |
| Loss provision accrual | $103.0K | $460.0K | |
| Income taxes payable | $0 | $103.0K | |
| Operating lease liability, current portion | $2.0M | $2.0M | |
| Contract liabilities | $9.4M | $13.6M | $21.6M |
| Total current liabilities | $21.0M | $23.5M | |
| Deferred compensation | $7.7M | $7.9M | |
| Operating lease liability, non-current portion | $5.6M | $6.7M | |
| Other liabilities | $7.0K | $0 | |
| Total liabilities | $34.3M | $38.1M | |
| Contingencies (Note 15) | $0 | $0 | |
| Preferred stock - $1.00 par value; authorized 600 shares, no shares issued and outstanding | $0 | $0 | |
| Common stock - $1.00 par value; authorized 20,000 shares, 9,925 shares issued and 9,869 shares outstanding at April 30, 2026; 9,717 shares issued and 9,704 shares outstanding at April 30, 2025 | $9.9M | $9.7M | |
| Additional paid-in capital | $45.5M | $42.5M | |
| Retained earnings | $2.8M | $3.7M | |
| Common stock reacquired and held in treasury at cost (56 shares at April 30, 2026 and 13 shares at April 30, 2025) | -$1.8M | -$231.0K | |
| Total stockholders equity | $56.4M | $55.6M | $39.8M |
| Total liabilities and stockholders equity | $90.7M | $93.7M | |
| Allowances | $39.0K | $110.0K | |
| Preferred stock, par value (in Dollars per share) | $1.00 | $1.00 | |
| Preferred stock, shares authorized (in Shares) | 600.0K shares | 600.0K shares | |
| Preferred stock, shares issued (in Shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in Shares) | 0 shares | 0 shares | |
| Common stock, par value (in Dollars per share) | $1.00 | $1.00 | |
| Common stock, shares authorized (in Shares) | 20.0M shares | 20.0M shares | |
| Common stock shares issued (in Shares) | 9.9M shares | 9.7M shares | |
| Common stock shares outstanding (in Shares) | 9.9M shares | 9.7M shares | |
| Common stock reacquired and held in treasury, shares (in Shares) | 56.0K shares | 13.0K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2026-04-30 | 2025-04-30 |
|---|---|---|
| Net (loss) income | -$903.0K | $23.7M |
| Depreciation and amortization | $1.9M | $2.1M |
| Amortization of operating leases | $2.5M | $1.9M |
| (Recovery) provision for losses on accounts receivable, other assets, and warranty reserve | -$201.0K | $314.0K |
| Provision for inventory reserve | -$323.0K | $1.2M |
| Deferred taxes | -$2.0M | -$12.1M |
| (Recovery) loss provision accrual | -$357.0K | $56.0K |
| Loss on sale of fixed and other assets | $55.0K | $3.0K |
| Derecognition of goodwill | $399.0K | |
| Inventory write off due to restructuring | $3.8M | |
| Employee benefit plans expense | $1.7M | $1.4M |
| Stock-based compensation expense | $2.0M | $1.2M |
| Accounts receivable | $1.2M | -$1.3M |
| Contract assets | $772.0K | -$7.7M |
| Inventories | -$2.6M | -$1.3M |
| Prepaid expenses and other | -$446.0K | $125.0K |
| Other assets | -$825.0K | -$661.0K |
| Accounts payable - trade | $1.6M | -$989.0K |
| Accrued liabilities | $578.0K | $1.1M |
| Contract liabilities | -$4.2M | -$8.0M |
| Operating lease liabilities | -$2.3M | -$1.9M |
| Prepaid income taxes | -$324.0K | $140.0K |
| Other liabilities | -$632.0K | -$654.0K |
| Net cash provided by (used in) operating activities | $1.3M | -$1.4M |
| Capital expenditures | -$2.9M | -$1.8M |
| Net cash used in investing activities | -$2.9M | -$1.8M |
| Payment of dividend | $0 | -$9.6M |
| Purchase of treasury stock | -$1.6M | -$377.0K |
| Net cash used in financing activities | -$1.6M | -$9.9M |
| Net decrease in cash and cash equivalents and restricted cash | -$3.2M | -$13.2M |
| Interest | $87.0K | $104.0K |
| Income taxes | $351.0K | $371.0K |
| Right-of-use assets obtained in exchange for operating lease liabilities | $438.0K | $4.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led FREQUENCY ELECTRONICS INC, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
2010201520202025
- Chief executive officerThomas McClelland Jan 18, 2023 to now15
- Chief executive officerStanton D. Sloane May 10, 2018 to Aug 2, 202116
- Chief executive officerMartin B. Bloch May 12, 2006 to Aug 23, 201617
- ChairMartin B. Bloch Jul 30, 2018 to Jul 26, 201918
- ChairJoseph P. Franklin Mar 2, 2007 to Oct 8, 201519
- PresidentThomas McClelland Jan 18, 2023 to now15
- PresidentStanton D. Sloane May 10, 2018 to Aug 2, 202116
- PresidentMartin B. Bloch May 12, 2006 to Aug 23, 201617
- PresidentSteven E. Strang Aug 2, 2006 to Nov 2, 202120
- Chief financial officerSteven Lawrence Bernstein Aug 23, 2016 to now21
Board members and other officers (20)
- Chief ScientistMartin B. Bloch Oct 30, 2018 to Oct 30, 201822
- Chariman of the Bd. of Dir.Joseph P. Franklin Sep 22, 2010 to Sep 29, 201023
- Vice PresidentAdrian Lalicata Feb 7, 2007 to Nov 2, 202124
- Chief Technical OfficerHugo Fruehauf Mar 17, 2006 to Aug 9, 200725
- Vice PresidentThomas McClelland Mar 17, 2006 to Dec 16, 202126
- Vice PresidentCharles S. Stone Aug 2, 2006 to Jul 26, 200727
- Vice PresidentLeonard Martire Aug 2, 2006 to May 4, 201528
- Executive Vice PresidentMarkus Hechler Aug 2, 2006 to May 18, 201829
- Vice PresidentOleandro Mancini Aug 2, 2006 to now30
- Board memberThomas McClelland Sep 23, 2026 to now31
- Board memberRussell M. Sarachek Jul 30, 2018 to now32
- Board memberLance W. Lord Feb 13, 2017 to Nov 4, 202433
- Board memberRyan Levenson Feb 13, 2017 to Feb 13, 201734
- Board memberStanton D. Sloane Feb 13, 2017 to Aug 2, 202135
- Board memberJonathan Brolin Dec 19, 2017 to now36
- Board memberJoseph P. Franklin Sep 22, 2010 to Aug 23, 201623
- Board memberE. Donald Shapiro Feb 2, 2009 to Oct 29, 200937
- Board memberJoel H. Girsky Feb 3, 2009 to Jul 10, 202038
- Board memberSylvester Robert Foley Jr. Feb 9, 2009 to Aug 23, 201639
- Board memberMartin B. Bloch May 12, 2006 to Oct 30, 201817
Timeline
Filings
134 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 32 major events, 38 insider forms, 19 large holders, 24 other. The latest 20:
- Oct 8, 20268-K EDGAR
- Sep 23, 20264 EDGAR
- Sep 23, 20264 EDGAR
- Sep 14, 202610-Q EDGAR
- Sep 10, 20268-K EDGAR
- Sep 9, 2026ARS EDGAR
- Aug 28, 2026DEF 14A EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 5, 20268-K EDGAR
- Aug 4, 20264 EDGAR
- Jul 30, 20268-K EDGAR
- Jul 30, 2026424B5 EDGAR
- Jul 30, 2026SCHEDULE 13D/A EDGAR
- Jul 30, 20264 EDGAR
- Jul 28, 2026SCHEDULE 13G EDGAR
- Jul 28, 2026424B5 EDGAR
- Jul 21, 2026EFFECT EDGAR
- Jul 17, 2026S-3 EDGAR
- Jul 17, 202610-K EDGAR
- Jul 15, 20268-K EDGAR
The 134 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
18 open-market trades by officers, directors and large owners since October 2021: 17 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | EDENBROOK LONG ONLY VALUE FUND, LPDirector | Sale | 652,174 | $57.50 | $37.5M | Form 4 |
| Mar 27, 2025 | Sarachek Russell MDirector | Buy | 2,161 | $15.77 | $34.1K | Form 4 |
| Mar 19, 2025 | Sarachek Russell MDirector | Buy | 1,582 | $15.62 | $24.7K | Form 4 |
| Apr 30, 2024 | Sarachek Russell MDirector | Buy | 687 | $9.50 | $6.5K | Form 4 |
| Apr 19, 2024 | Sarachek Russell MDirector | Buy | 1,602 | $9.51 | $15.2K | Form 4 |
| Apr 15, 2024 | Sarachek Russell MDirector | Buy | 658 | $9.77 | $6.4K | Form 4 |
| Mar 20, 2024 | Edenbrook Capital, LLCDirector | Buy | 10,000 | $9.94 | $99.4K | Form 4 |
| Sep 22, 2023 | Sarachek Russell MDirector | Buy | 4,928 | $6.73 | $33.2K | Form 4 |
| Sep 19, 2023 | Sarachek Russell MDirector | Buy | 5,163 | $6.96 | $35.9K | Form 4 |
| Jan 5, 2023 | EDENBROOK LONG ONLY VALUE FUND, LPDirector | Buy | 500 | $5.75 | $2.9K | Form 4 |
| Dec 30, 2022 | Edenbrook Capital, LLCDirector | Buy | 2,042 | $7.05 | $14.4K | Form 4 |
| Dec 27, 2022 | EDENBROOK LONG ONLY VALUE FUND, LPDirector | Buy | 2,588 | $6.20 | $16.0K | Form 4 |
| Dec 23, 2022 | EDENBROOK LONG ONLY VALUE FUND, LPDirector | Buy | 1,297 | $6.25 | $8.1K | Form 4 |
| Dec 22, 2022 | EDENBROOK LONG ONLY VALUE FUND, LPDirector | Buy | 1,700 | $6.18 | $10.5K | Form 4 |
| Sep 27, 2022 | EDENBROOK LONG ONLY VALUE FUND, LPDirector | Buy | 2,500 | $5.54 | $13.8K | Form 4 |
| Sep 22, 2022 | Edenbrook Capital, LLCDirector | Buy | 3,737 | $5.96 | $22.3K | Form 4 |
| Sep 21, 2022 | Edenbrook Capital, LLCDirector | Buy | 2,016 | $5.99 | $12.1K | Form 4 |
| Sep 20, 2022 | Edenbrook Capital, LLCDirector | Buy | 1,057 | $5.96 | $6.3K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- DRIEHAUS CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Aug 14, 202640
- Edenbrook Capital, LLCSCHEDULE 13D/A, 1 filing Jul 30, 202641
- BlackRockSCHEDULE 13G, 1 filing Jul 28, 202642
- Wax Asset Management, LLCSCHEDULE 13G/A, 4 filings Feb 7, 2023 to Feb 13, 202643
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Jul 29, 2025 to Oct 30, 202544
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 5 filings Feb 8, 2022 to Jul 15, 202545
- NEEDHAM INVESTMENT MANAGEMENT LLCSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 202446
- ROYCE & ASSOCIATES LPSC 13G/A, 2 filings Jan 21, 2022 to Jan 27, 202347
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18SEC EDGARMartin B. Bloch, Chair
- 19SEC EDGARJoseph P. Franklin, Chair
- 20SEC EDGARSteven E. Strang, President
- 21
- 22SEC EDGARMartin B. Bloch, Chief Scientist
- 23
- 24SEC EDGARAdrian Lalicata, Vice President
- 25
- 26SEC EDGARThomas McClelland, Vice President
- 27SEC EDGARCharles S. Stone, Vice President
- 28SEC EDGARLeonard Martire, Vice President
- 29
- 30SEC EDGAROleandro Mancini, Vice President
- 31SEC EDGARThomas McClelland, Board member
- 32SEC EDGARRussell M. Sarachek, Board member
- 33SEC EDGARLance W. Lord, Board member
- 34SEC EDGARRyan Levenson, Board member
- 35SEC EDGARStanton D. Sloane, Board member
- 36SEC EDGARJonathan Brolin, Board member
- 37SEC EDGARE. Donald Shapiro, Board member
- 38SEC EDGARJoel H. Girsky, Board member
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47