Welcome to our dedicated page for Frequency Electr news (Ticker: FEIM), a resource for investors and traders seeking the latest updates and insights on Frequency Electr stock.
Frequency Electronics, Inc. (NASDAQ: FEIM) is a manufacturer of high precision timing, frequency generation and RF control products for space and terrestrial applications, and its news flow reflects this focus on space, defense and secure communications. Company announcements frequently highlight contracts, program awards and technical developments tied to satellite payloads and military systems.
Investors following FEIM news can expect updates on contract wins and expansions, such as awards for precision time and frequency systems for geostationary environmental satellite programs and contracts through its FEI-Zyfer subsidiary in core Assured-PNT business areas. These include secure communications systems and time, frequency and synchronization distribution systems that support airborne avionics equipment and other defense applications.
News items also cover defense and missile programs, including FEI-Zyfer contracts supporting the Patriot missile system with autonomous syntonization and synchronization references that incorporate quartz crystal oscillator technology and rubidium atomic clocks from the parent company. The company’s releases describe how these systems are designed to maintain performance under demanding field conditions and to meet stringent accuracy and stability requirements.
Frequency Electronics’ updates include financial results and capital allocation decisions, such as quarterly and annual earnings releases and announcements of share repurchase authorizations approved by the Board of Directors. In addition, the company reports on its research and development and quantum sensing initiatives, including the introduction of its TURbO compact rubidium atomic clock and the organization of the Quantum Sensing Summit in New York City, which brings together stakeholders from government, industry and research.
For investors and observers, the FEIM news page provides a centralized view of these developments, from new contracts and program participation to financial performance and technology-focused events, offering context on how the company’s timing and RF control technologies are being deployed across space, defense and communications markets.
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.
Frequency Electronics (NASDAQ:FEIM) has appointed its current CEO, Dr. Thomas McClelland, to the Company's Board of Directors, effective immediately. McClelland, who has been with FEI for 40 years, served as Interim President and CEO from July 2022 to January 2023 before becoming permanent President and CEO. As the company's former Chief Scientist, he led research efforts for over 20 years and is recognized as a leading expert in precision timing and space applications.
Board Chair General Lance W. Lord highlighted McClelland's successful leadership and emphasized the strategic importance of his expertise at the board level, particularly for advancing opportunities in quantum sensing, small-satellite programs, and navigation technologies. McClelland expressed commitment to continuing FEI's growth trajectory in revenue, profitability, and cash generation while investing in next-generation programs.
Frequency Electronics, Inc. (NASDAQ: FEIM) reported strong financial results for Q1 FY2025. Revenue increased by 22% to $15.1 million, compared to $12.4 million in Q1 FY2024. Operating income rose 15% to $2.4 million, with net income of $0.25 per diluted share, up from $0.22 in the previous year. The company's backlog stands at a historically high $70 million, slightly down from $78 million at FY2024 end but substantially higher than previous years. Satellite payload revenues grew significantly, accounting for 55% of total revenue. FEI declared a special cash dividend of $1.00 per share, totaling approximately $9.6 million.