← BackFREQUENCY ELECTRONICS INC · Instruments For Meas & Testing of Electricity & Elec SignalsFEIM
Moderate riskNext report: Around Dec 10 (est.)
The short versionA company still losing money with growing sales. Institutions are adding.
Going well
- Sales up 70% in the latest quarter vs a year ago
- No debt reported
Watch out for
- Losing money
- 2 offering filings in 6 months (may sell new shares)
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 5.1% to their holdings in the quarter ending June 2026 (83 bought, 55 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$67.26+4.8% that day
- Company value
- $758M
- Share price times all shares
- Price vs profit (P/E)
- 269.0x
- You pay about $269 for each $1 of yearly profit
- Price vs sales
- 10.4x
- Company value is 10.4 times a year of sales
- Cash vs value
- 8%
- Cash as a share of company value
From FEIM's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jul '26$23.5M+70% vs a year earlier
Oct '23Tap a barJul '26
Last 12 months: $72.9M, up 6.3% from the 12 months before. Over 5 years, sales grew about 3.1% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.0.0%
- PassDebt under half of equityNot relying on borrowed money.No debt reported
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.0%
- MissProfitable every yearSteady profits, not one good year.3 of 10 years
- MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.6M
- MissShare count not growingNot diluting owners. Falling means buybacks.+4.8% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.29.1%
- Revenue
- $63.2M
- -9.4% vs prior year
- 5-year growth
- +3.1%/yr
- revenue, per year
- Total debt
- None
- 0.00x equity
- Current ratio
- 2.60x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jul 31, 2026- Revenue
- $23.5M
- +69.8% YoY
- EPS
- $0.41
- vs $0.07
- Op. margin
- 22.2%
- +19.6 pts
- Gross margin
- 45.8%
- +9.0 pts
- Free cash flow
- $1.8M
- Share count
- +5.2%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
45/ 100
- This week
- 1
- Normal week
- 1.3
- vs normal
- 0.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+5.1%Institutions added 5.1% to their holdings. 83 bought, 55 sold. 7 quarters of net buying in a row.
Shares held by institutions7.5M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+6.3%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
No debt reportedShares outstandingLatest reported
11MWhy moderate risk- Losing money
- Share count growing 6.3% a year
- 3 offering filings in 6 months (may sell new shares)
Next reportAround Dec 10 (est.)Estimated from the same quarter last year
- Results filedSep 10
- Results filedJul 15
- Results filedMar 11
- Results filedDec 11, 2025
- Results filedSep 11, 2025
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardSteven Lawrence BernsteinCFO
120,000 shares
- +1754% of holdings
- Now owns 126,842 shares
- 4 transactions
- Filed 146 days after trade
- Also: Shares withheld for taxes
Stock awardThomas McclellandPresident and CEO, Director
150,000 shares
- +212% of holdings
- Now owns 220,861 shares
- 3 transactions
- Filed 14 days after trade
- Also: Shares withheld for taxes
Shares withheld for taxesSteven Lawrence BernsteinCFO
9,022 shares at $57.97 · $523K
- -7% of holdings
- Now owns 114,570 shares
- Filed 4 days after trade
SoldEdenbrook Capital, LLCDirector, 10% owner
652,174 shares at $57.50 · $37.5M
- -38% of holdings
- Now owns 1,047,958 shares
- Not a pre-planned sale
- Held See footnotes
- 2 transactions
- Filed 2 days after trade
- Joint filing with 2 others