Frequency Electronics Reports Revenue of $13.58M and GAAP EPS of $0.08

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Frequency Electronics ($NASDAQ:FEIM), Inc. is a leading provider of precision time and frequency control solutions. Their products are used in a variety of applications including communications, navigation, aerospace, military and industrial markets. According to the report, Frequency Electronics reported total revenue of $13.58 million and GAAP earnings per share (EPS) of $0.08.

This revenue was primarily driven by increased sales of Frequency’s GPS disciplined oscillator products. This suggests that investors are confident in the company’s ability to generate strong future returns.

Earnings

FREQUENCY ELECTRONICS recently released their earnings report for FY2024 Q2 ending October 31 2021. The total revenue for the period was 12.94M USD, representing a 44.6% increase from the same period last year. Net income for the quarter was 0.5M USD, a 121.6% decrease from the previous year.

Over the past three years, FREQUENCY ELECTRONICS’s total revenue has increased from 12.94M USD to 13.58M USD. This steady growth demonstrates the success of the company in managing market conditions and meeting the needs of their customers.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Frequency Electronics. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Frequency Electronics. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Frequency Electronics. More…

Key Ratios Snapshot

Some of the financial key ratios for Frequency Electronics are shown below. More…

Price History

FEI’s stock opened on Tuesday at $10.0 and closed at $10.4, increasing by 4.3% from the prior closing price of $9.9. Live Quote…

Analysis

GoodWhale’s analysis of FREQUENCY ELECTRONICS‘ wellbeing reveals an intermediate health score of 6/10 when it comes to cashflows and debt. This suggests that the company is likely to safely ride out any crisis without the risk of bankruptcy. Taking a closer look at our Star Chart, we see that FREQUENCY ELECTRONICS is strong in asset, medium in dividend, profitability and weak in growth. Consequently, FREQUENCY ELECTRONICS is classified as ‘Rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Given the company’s moderate success, we believe that FREQUENCY ELECTRONICS may be of interest to investors looking to invest in steady streams of income and willing to sacrifice potential growth. These investors may be focused on investing in steady companies with good dividend payouts. Additionally, investors who are looking for opportunities to diversify their portfolio and reduce risk by investing in reliable companies may also find FREQUENCY ELECTRONICS attractive. More…

Peers

The company is highly competitive in the market, offering innovative solutions that are well-sought after by customers. It faces competition from Inpaq Technology Co Ltd, Astra Microwave Products Ltd, and Knowles Corp, who all provide similar products and services.

– Inpaq Technology Co Ltd ($TPEX:6284)

Inpaq Technology Co Ltd is a leading global provider of advanced telecommunications equipment and services. The company has a market cap of 12.99B as of 2023, making it one of the largest telecommunications equipment companies in the world. Its Return on Equity of 7.6% is also among the highest in the industry, indicating strong management and solid financial performance. Inpaq Technology Co Ltd is dedicated to engineering innovative solutions that enable businesses to leverage the power of telecommunications technology to achieve their goals. The company provides a wide range of products and services, including network infrastructure management and optimization, 4G/5G wireless networking, IP-based communications, IoT, and multimedia services.

– Astra Microwave Products Ltd ($BSE:532493)

Astra Microwave Products Ltd is a leading technology and manufacturing company that designs, develops, manufactures and markets RF, microwave and millimeter wave components and subsystems. With its market cap of 57.14 billion in 2023, the company has demonstrated its trend of growth and operational excellence. The Return on Equity (ROE) of 9.13% further testifies the company’s financial success with optimized use of assets and resources to generate profit.

– Knowles Corp ($NYSE:KN)

Knowles Corp is a global leader in the design and manufacturing of audio communication solutions. The company has a market cap of 1.53B as of 2023 which is indicative of its strong financial performance and staying power as a leader in its industry. However, Knowles Corp’s Return on Equity of -10.73% is lower than the industry average, indicating that it may not be utilizing its equity as efficiently as it could be. This presents a potential opportunity for the company to improve its profitability.

Summary

The company’s stock price went up on the same day in response to the news. Analysts are generally positive about the results, citing improving operational efficiency and focus on developing innovative products as the key drivers of its recent success. The company’s strong financial performance is also attributed to its resilient balance sheet and prudent cash management. Frequency Electronics is a promising stock for investors looking to capitalize on the burgeoning demand for digital solutions in various industrial segments. With an impressive portfolio of products and services, Frequency Electronics is well-positioned to capitalize on growth opportunities in the industry.