STOCK TITAN

Frequency Electronics, Inc. - FEIM STOCK NEWS

Welcome to our dedicated news page for Frequency Electronics (Ticker: FEIM), a resource for investors and traders seeking the latest updates and insights on Frequency Electronics.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Frequency Electronics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Frequency Electronics's position in the market.

Rhea-AI Summary
Frequency Electronics, Inc. (FEIM) reported program charges impacting gross margins in Q4 2023 but expects revenue recovery of $1.2 million in 2024, leading to normal or higher gross margins.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.17%
Tags
earnings
-
Rhea-AI Summary
Frequency Electronics, Inc. reports revenue growth in fiscal year 2024, with operating income increasing and net income turning positive. The company's backlog reaches an all-time high of $67 million, driven by contract wins. Despite an operating loss in the quarter due to technical challenges, the company remains optimistic about future profitability and cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.17%
Tags
earnings
-
Rhea-AI Summary
Frequency Electronics, Inc. (FEIM) will discuss its Q3 fiscal year 2024 results in a conference call on March 14, 2024. The call details and replay information are provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
earnings
Rhea-AI Summary
Frequency Electronics, Inc. (FEI) reported revenues of $13.6 million and $26.0 million for the three- and six-month periods of fiscal 2024, reflecting substantial growth from the same periods of fiscal year 2023. Operating income for Q2 of fiscal year 2024 was $0.9 million compared to an operating loss of $2.3 million in Q2 of fiscal year 2023. Net income from operations for the same periods in 2023 was $0.8 million and $2.9 million, respectively, compared to net losses in 2022. The President and CEO expressed confidence in the company's positive trajectory, with a backlog of $49.7 million and significant contract wins driving future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.38%
Tags
earnings
-
Rhea-AI Summary
Frequency Electronics, Inc. (NASDAQ: FEIM) will hold a conference call to discuss its fiscal year 2023 second-quarter results on December 12, 2023, at 4:30 PM Eastern Time. The call will be webcast and can be accessed on the company's Investor Relations section of its website. Investors and analysts can also join via phone. A replay will be available for one week after the call, with continued access through a link on the company's website until March 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
earnings
-
Rhea-AI Summary
Frequency Electronics, Inc. (FEI) has been awarded a $9M multi-year contract to deliver advanced atomic clocks for a satellite navigation system for a new non-US government customer. The contract includes options with a potential production value of more than $70 million over the next 5 to 6 years, highlighting FEI's strength in atomic standards technologies for commercial and military satellite applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.66%
Tags
none
Rhea-AI Summary
Frequency Electronics, Inc. (NASDAQ-FEIM) secures a $19m contract from a major U.S. aerospace prime contractor to supply precision frequency-generation systems for a multi satellite program. The contract entails the development, manufacture, testing, and delivery of state-of-the-art frequency generators and microwave synthesizers within 24 months, enhancing mission effectiveness for the spacecraft platforms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.18%
Tags
none
-
Rhea-AI Summary
Frequency Electronics, Inc. (NASDAQ: FEIM) has announced a $25m contract award to deliver precision frequency-generation systems for a national security satellite program, demonstrating the company's ability to provide high-performance space qualified systems. The contract aims to enhance the mission effectiveness of the satellites and support the US government's goal of achieving a more resilient space presence. FEI will develop, manufacture, test, and deliver the state-of-the-art frequency generation system within less than 24 months, showcasing their commitment to timely delivery. This significant award reflects the company's optimism and expertise in next-generation systems, building on their 62-year track record of proven technology in government and commercial satellite programs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.58%
Tags
none
-
Rhea-AI Summary
Frequency Electronics, Inc. reports Q1 2024 revenues of $12.4M, up from $8.2M in Q1 2023. Operating income is $2.1M compared to an operating loss of $3.1M in the same period last year. Net income is $2.0M or $0.22 per diluted share. Backlog at the end of Q1 is $51.8M, up from $39.7M in Q1 last year. Company expects bookings to increase backlog significantly in the next two quarters. Cash used in operations is $2.8M in Q1 2024. Investor conference call scheduled for September 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.52%
Tags
earnings
Rhea-AI Summary
Frequency Electronics, Inc. to discuss Q1 FY2023 results in conference call on Sept. 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
Tags
earnings
Frequency Electronics, Inc.

Nasdaq:FEIM

FEIM Rankings

FEIM Stock Data

100.28M
6.60M
11.92%
58.79%
0.34%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
US
Uniondale

About FEIM

instruments to measure electricity