高频电子 2024年度报告

(Address of principal executive offices)Registrant’s telephone number, including area code:516-794-4500 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller Reporting Company☒ complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness public accounting firm that prepared or issued its audit report.☐If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the The aggregate market value of voting common equity held by non-affiliates of the registrant as of October 31, 2024 – $73,400,000 DOCUMENTS INCORPORATED BY REFERENCE: PART III incorporates information by reference from the definitive proxystatement to be filed with the Securities and Exchange Commission with respect to the Annual Meeting of Stockholders to be held on PART I Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Management’s Discussion and Analysis of Financial Condition and Results of Operations Financial Statements and Supplementary DataChanges in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A.Controls and ProceduresItem 9B.Other InformationItem 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections Item 10.Directors, Executive Officers and Corporate Governance Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13.Certain Relationships and Related Transactions, and Director IndependenceItem 14.Principal Accountant Fees and ServicesPART IVItem 15.Exhibits and Financial Statement SchedulesItem 16.Form 10-K SummarySIGNATURES Frequency Electronics, Inc. (sometimes referred to as “Registrant”, “Frequency Electronics” or the “Company”) is a worldleader in precision time and frequency generation technology, which is incorporated into commercial and U.S. Government satellites, Command, Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance (“C4ISR”), and Electronic Warfare(“EW”) systems. Its technology is used for a wide range of space and non-space applications. Unless the context indicates otherwise, references to the Registrant or the Company are to Frequency Electronics, Inc. and its subsidiaries. References to “FEI” are to the parent company alone and do not refer to any of the subsidiaries. Frequency Electronics, aDelaware corporation, has its principal executive office at 55 Charles Lindbergh Boulevard, Mitchel Field, New York 11553. Itstelephone number is 516-794-4500 and its website iswww.frequencyelectronics.com. Company evolved into a designer, developer and manufacturer of state-of-the-art products for both commercial and government end-use. The Company’s present mission is to be the world leader in providing precision time and low phase noise frequency generationsystems, from 1 Hz to 46 GHz for space and other challenging environments. The Company’s technology is the key element inenhancing the functionality and performance of many electronic systems. The Company’s principal end markets are time and frequency generation and distribution systems for use in satellite payloadsand terrestrial secure command control and communications systems.For the satellite market, the Company has a unique legacy of providing master timing systems, power converters, and expected to continue to grow over the next ten years as demand for higher bandwidths and improved anti-jam-anti-spoofing increases.Furthermore, the U.S. Government is expected to contract options for additional GPS III satellites, and the Company believes it is well positioned to compete for the onboard clock ensemble with its high-precision digital Rubidium atomic frequency standard. C4ISR and EW applications for the U.S. Government on land, sea and air-borne platforms. Recently identified threats to thecommunication capabilities of U.S. Government facilities through jamming or “spoofing” global positioning systems (“GPS”) signalsmay be mitigated by the Company’s technologies. In addition, similar types of threats to the public and enterprise networks have beenidentified by the U.S. Department of Homeland Security. The Company’s high precision, ruggedized clocks combined with specializedsoftware are essential for certain secure communication systems. Frequency Electronics has made a strategic decision to focus on satellite payloads, C4ISR and EW market segments, becausethe Company believes these business areas represent significant opportuniti