Frequency Electr Stock Price, News & Analysis

Frequency Electronics (NASDAQ:FEIM) has secured a subcontract from Leidos to develop an advanced Nitrogen Vacancy (NV) Diamond Magnetometer. This next-generation quantum sensing device will be designed for magnetic navigation in GPS-denied environments, addressing critical defense and intelligence needs.

The project involves creating a compact, highly sensitive quantum magnetometer that utilizes nitrogen vacancy centers in diamond for magnetic field detection. As the lead subcontractor, FEIM will be responsible for the design, prototyping, and testing phases over a multi-year period, collaborating with Leidos and MIT-Lincoln Labs.

This initiative aligns with national investments in quantum technologies and builds upon FEIM's expertise in precision timing and frequency control solutions for government and commercial applications. The technology aims to enhance situational awareness, navigation, and detection capabilities in challenging operational environments where traditional sensing technologies face limitations.

Frequency Electronics (NASDAQ:FEIM) subsidiary FEI-Zyfer has secured a $12 million contract increase for developing and manufacturing a customized high-precision airborne time, synchronization, and frequency distribution system. The deliveries are scheduled through 2027.

The airborne-rated systems are designed to operate in high-dynamic environments and provide interoperability with assured and Alternate-Position, Navigation and Timing (Alt-PNT) avionics. They support collaborative airborne operations and meet requirements for Joint Airborne Signals Intelligence Architecture (JASA), Time, Frequency, Navigation and Geodesy (TFNG), and Airborne Overhead Cooperative Operations Communications Intelligence Joint Interface Control Document (AOCO COMINT JICD).

Frequency Electronics (NASDAQ:FEIM) has been honored with a Supplier Excellence Award from Northrop Grumman for Strategic Excellence. The recognition highlights FEIM's role in delivering innovative military and security solutions.

Ken Brown, VP of enterprise global supply chain at Northrop Grumman, praised FEIM's contribution to enhancing national security through high-quality performance and partnership. Tom McClelland, FEIM's President and CEO, expressed pride in the award, emphasizing their commitment to providing unique products with critical in-house elements.

FEIM specializes in precision timing, frequency generation, and RF control products for space and terrestrial applications. Their technology is utilized in satellite payloads, C4ISR systems, electronic warfare, missiles, UAVs, aircraft, GPS, and secure communications. The company has received over 100 awards for excellence in providing electronic assemblies for more than 150 space and DOD programs.

Frequency Electronics (NASDAQ:FEIM) reported strong financial results for Q3 FY2025. Revenue reached $18.9 million for Q3 and $49.8 million for the nine months, showing significant growth from $13.7M and $39.7M in FY2024 respectively.

Operating income improved to $3.5 million for Q3 and $8.5 million for nine months, compared to a $0.5M loss and $2.5M gain in FY2024. Net income surged to $15.4 million ($1.60 per share) in Q3 and $20.5 million ($2.14 per share) for nine months.

The company maintains a strong backlog of $73 million and achieved impressive gross margins of 44% for Q3. Satellite payloads represented 59% of Q3 revenue at $11.2M, while government/DOD customers accounted for 39% at $7.4M. R&D spending increased to 9% of revenue as the company expands into quantum sensors and proliferated satellite markets.

Frequency Electronics (NASDAQ: FEIM) has announced its upcoming Third Quarter Fiscal 2025 financial results conference call, scheduled for Thursday, March 13, 2025, at 4:30 PM ET. The call will discuss results for the quarter ended January 31, 2025.

The conference call will be accessible via webcast through Issuer Direct and the company's website. Investors can join by dialing 888-506-0062 (US) or 973-528-0011 (International) with access code 170932. A replay will be available for one week and accessible through June 13, 2025.

Frequency Electronics is a leading manufacturer of precision timing, frequency generation, and RF control products for space and terrestrial applications. The company serves commercial, government, and military systems through its divisions FEI-Zyfer and FEI-Elcom Tech, providing GPS timing and electronic warfare sub-systems.

Frequency Electronics (NASDAQ:FEIM) has announced its participation in the 27th Annual Needham Growth Conference, scheduled for January 14-17, 2025. CEO Tom McClelland will deliver a presentation on Wednesday, January 15 at 8:00 AM, followed by one-on-one meetings with management from 8:45 AM to 6:00 PM.

FEI specializes in high-precision timing, frequency generation, and RF control products for space and terrestrial applications. Their technology is utilized in satellite payloads, C4ISR systems, electronic warfare, missiles, UAVs, aircraft, GPS, secure communications, and various network applications. Through its subsidiaries, FEI-Zyfer provides GPS and secure timing solutions, while FEI-Elcom Tech delivers EW sub-systems and RF/microwave products.

The company has earned over 100 excellence awards for its electronic assemblies across more than 150 space and DOD programs. FEI maintains a strong focus on R&D to expand its capabilities and market presence.

Frequency Electronics (NASDAQ:FEIM) has secured multiple contracts worth approximately $11 million to provide specialized precision quartz oscillators, synthesizers, and receivers for aerospace programs. The deliveries are scheduled through 2026, with initial shipments beginning in 2025. The quartz oscillators will be utilized in navigation and timing systems, ensuring high-accuracy performance under extreme conditions.

These contracts demonstrate FEI's continued leadership in the high-performance frequency control industry and its commitment to supporting critical aerospace and defense programs. The company's products are recognized for their reliability, stability, and precision in space and defense applications.

Frequency Electronics (NASDAQ:FEIM) reported strong Q2 FY2025 financial results with revenues of $15.8 million for the quarter and $30.9 million for the six months, marking significant increases from $13.6 million and $26.0 million in the same periods of FY2024. Operating income rose to $2.6 million for Q2 and $5.0 million for the six months, compared to $0.9 million and $3.0 million in the previous year.

The company achieved record-high backlog of $81 million, up from $78 million at fiscal year-end. Gross margins were strong at 48% for Q2 and 46% for H1 FY2025. Satellite payload revenues represented 59% of consolidated revenues, while non-space U.S. Government/DOD customers accounted for 37%. The company remains debt-free despite increased R&D spending at 10% of revenue.

Frequency Electronics (NASDAQ: FEIM) has scheduled its second quarter fiscal 2025 financial results conference call for Tuesday, December 10, 2024, at 4:30 PM ET. The call will be accessible via webcast through Issuer Direct and can be found in the Investor Relations section of the company's website.

Investors can join by dialing 888-506-0062 (domestic) or 973-528-0011 (international) using access code 685880. A replay will be available for one week and can be accessed through the company's website until March 10, 2025.

FEI specializes in precision timing, frequency generation, and RF control products for space and terrestrial applications, serving commercial, government, and military systems including C4ISR, electronic warfare, and GPS applications.