Frequency Electronics, Inc. (FEIM)

From the record

Frequency Electronics, Inc.'s filings since 2017 show 5 warning events of 3 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2022-12-16); an auditor change (8-K item 4.01, 2 times, the latest 2023-08-01); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2024-07-29) (its current reports).

From the record

Frequency Electronics, Inc.'s 10 filed years say what it did: revenue went from $50 million in fiscal 2017 to $63 million in fiscal 2026, up 2.6% a year; it rose in 4 of 9 years; the deepest fall was 25% from fiscal 2021 to fiscal 2023; net income was positive in 3 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2026-04-30, Frequency Electronics, Inc.'s diluted share count grew about 1.6% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2 sales and 0 purchases of their own stock on the open market in the year to 2026-11-04 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2026-04-30, Frequency Electronics, Inc. lost about 2 cents for every dollar of shareholders' money, and gross profitability: its products earned about 20 cents per dollar of everything the company owns. Leverage: it owed about 38 cents per dollar of assets, and net share issuance: its share count grew 1.8% over the year (the filed statements).

From the record

Frequency Electronics, Inc.'s standing among 10 graded names in its industry family: revenue of $63 million in fiscal 2026 ranks in the bottom 25% by size; a net margin of -1.4% ranks in the bottom 45%; revenue growth of 15.7% a year over the last 3 filed years ranks in the top 5% (its annual reports).

From the record

Frequency Electronics, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mcclelland, Thomas (President and CEO, as filed), filing under that title since 2023-01-18, 3.8 years (bottom 44% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 10 years (top 17%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 45%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Frequency Electronics, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $2 million against no long-term debt tagged leaves 1.8% of its assets as net cash, bottom 45% of its family; cash from operations less capital spending is -2.5% of revenue (bottom 25%); a gross margin of 29.1% (bottom 6%); research spending of 9.5% of revenue (bottom 44%) (its annual report).

From the record

Frequency Electronics, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 15.7% a year over the last three filed years against 2.6% over all 10, speeding up (top 5% of its family); the newest year grew -9.4% (bottom 25%); research spending grew 23.9% a year (top 6%); capital spending grew 46% a year (top 5%) (its annual reports). Frequency Electronics, Inc. reported 3 product lines in fiscal 2026: Government Non Space Revenue at $38 million (60%), Satellite Revenue at $23 million (37%), Other Commercial Industrial Revenue at $2 million (3%); 1 of 3 grew against the year before (its annual report).

From the record

Frequency Electronics, Inc.'s newest year against its own record: revenue of $63 million in fiscal 2026 came in 30.8% below the $91 million its prior three years' pace pointed to (bottom 5% of its family); net income of $903 thousand against a prior three-year average of $8 million (bottom 45%); a net margin of -1.4% against 10.2% before (bottom 35%) (its annual reports).