Frequency Electronics Inc
NASDAQ:FEIM
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Frequency Electronics Inc
NASDAQ:FEIM
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US |
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Astra Microwave Products Ltd
BSE:532493
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IN |
Frequency Electronics Inc
Frequency Electronics, Inc. engages in the design, development, and manufacture of precision time and frequency generation technology. The company is headquartered in Uniondale, New York and currently employs 240 full-time employees. The firm segments include FEI-NY segment and FEI-Zyfer segment. The FEI-NY segment includes the operations of the Company’s wholly-owned subsidiary, FEI-Elcom Tech, Inc. (FEI-Elcom). FEI-NY operates in New York and its operations consist of precision time and frequency control products and are used in satellites, terrestrial cellular telephone or other ground-based telecommunication stations. FEI-Zyfer operates in California and its products incorporate global positioning system (GPS) technologies into systems and subsystems for secure communications, both government and commercial, and other locator applications. FEI-Zyfer’s products also incorporate precision time references for terrestrial secure communications and command and control, and frequency products that incorporate GPS.
Frequency Electronics, Inc. engages in the design, development, and manufacture of precision time and frequency generation technology. The company is headquartered in Uniondale, New York and currently employs 240 full-time employees. The firm segments include FEI-NY segment and FEI-Zyfer segment. The FEI-NY segment includes the operations of the Company’s wholly-owned subsidiary, FEI-Elcom Tech, Inc. (FEI-Elcom). FEI-NY operates in New York and its operations consist of precision time and frequency control products and are used in satellites, terrestrial cellular telephone or other ground-based telecommunication stations. FEI-Zyfer operates in California and its products incorporate global positioning system (GPS) technologies into systems and subsystems for secure communications, both government and commercial, and other locator applications. FEI-Zyfer’s products also incorporate precision time references for terrestrial secure communications and command and control, and frequency products that incorporate GPS.
Revenue: Reported revenue of $16.9 million for the quarter, essentially flat sequentially but down from $18.9 million a year earlier.
New Awards: Announced 2 contracts valued at approximately $45 million (one traditional satellite program, one proliferated-satellite program); both are expected to begin entering backlog in the current fiscal fourth quarter.
Backlog: Funded backlog was approximately $83 million at January 31, 2026 (a record); management reiterated that backlog could go north of $100 million in the not-too-distant future as additional awards are added.
Margins & Profitability: Gross margin and gross margin rate declined vs. prior year due to program mix; operating income was approximately $1.3 million (down from $3.5 million prior year).
Investing for Growth: Increased R&D (~$1.8 million) and nonrecurring investments (~$500,000) tied to growth initiatives including the Colorado facility; management expects operating leverage as revenue scales.
Defense & Macro: Management highlighted near-term demand tailwinds from current conflicts (missile batteries, Patriot, THAAD) and long-term opportunities in Golden Dome concepts.
Alt-PNT & New Markets: Company is pursuing alternative PNT (magnetometers, quantum sensing) and proliferated-satellite opportunities; expects these new markets to complement, not replace, traditional space business.
