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 (FEIM) maintains leadership in precision timing solutions for space, defense, and quantum technologies. This dedicated news hub provides authorized updates on FEIM's advancements in frequency control systems, military communications infrastructure, and measurement instrumentation.
Investors and industry professionals will find comprehensive coverage of earnings announcements, strategic contracts with government agencies, and technological breakthroughs in atomic clock stability. Our curated feed includes product launch details, R&D partnerships with academic institutions, and compliance updates for defense sector deliverables.
All content undergoes strict verification to ensure alignment with financial disclosure standards. The news archive serves as a historical reference for FEIM's evolving role in secure satellite networks and emerging quantum sensing applications. Bookmark this page for real-time updates on FEIM's contributions to critical timing infrastructure across terrestrial and orbital systems.
Frequency Electronics, Inc. (NASDAQ-FEIM) reported a revenue increase for the second quarter and six months of fiscal 2021. Revenues reached $14.0 million and $26.9 million, up from $9.1 million and $21.6 million in the same periods last year. The company achieved a net income of $329,000 or $0.04 per share for the three months, compared to a net loss of $4.9 million or ($0.54) per share a year prior. Backlog increased to $42 million. The company's financial health improved despite legal expenses and a focus on operational continuity during COVID-19.
Frequency Electronics (NASDAQ: FEIM) will hold a conference call on December 10, 2020, at 4:30 PM ET to discuss its second-quarter results for fiscal year 2021, which ended October 31, 2020. The call will be accessible via webcast and by phone for investors and analysts. A replay of the call will be available for one week post-event. Frequency Electronics specializes in high-precision timing, frequency generation, and RF control products, supporting various applications including satellite and military systems, and has received numerous awards for its contributions to the industry.
Frequency Electronics, Inc. (NASDAQ-FEIM) has secured a contract valued at approximately $5.2 million for precision Voltage Controlled Quartz Crystal Oscillators (VCXOs). This contract is a continuation of a previously announced award in September 2019, highlighting the company's role in providing essential timing components for US Government satellites.
CEO Stan Sloane expressed confidence in the ongoing demand for these critical components, projecting further orders in the future. FEI maintains a strong legacy in supporting key US Government programs.
Frequency Electronics, Inc. (NASDAQ-FEIM) has secured a $2.9 million contract for precision oscillators to support a significant US military program. These oscillators are vital for military communications on various airborne platforms, with a contract duration of approximately one year. CEO Stan Sloane expressed satisfaction regarding this award, noting its importance in supporting military communication systems and emphasizing the company's superior technology and proven track record.
Frequency Electronics, Inc. (NASDAQ-FEIM) reported Q1 fiscal 2021 revenues of $13.0 million, up from $12.6 million in Q1 fiscal 2020. The operating loss narrowed to $337,000 compared to $780,000 the previous year. Net loss improved to $262,000 or ($0.03) per diluted share versus ($0.07) in Q1 fiscal 2020. Revenue from satellite payloads surged to $6.7 million (51% of total revenues). The company maintained positive cash flow and a backlog of $38 million as of July 31, 2020.
Frequency Electronics, Inc. (NASDAQ: FEIM) will hold a conference call on September 10, 2020, at 4:30 PM ET to discuss its fiscal Q1 2021 results, which ended July 31, 2020. The call will be accessible via webcast on Frequency's Investor Relations website and also through a telephone dial-in option. A replay of the call will be available for one week post-event. Frequency Electronics specializes in high precision timing and RF control products used in various applications including military and commercial systems. The company has received numerous awards for excellence in electronic assemblies.
Frequency Electronics, Inc. (FEIM) announced a $5.0 million contract for precision oscillators to be utilized in US military platforms, reinforcing its strong presence in the defense sector. This contract follows several prior agreements for similar oscillators and is set to last approximately two years. CEO Stan Sloane highlighted the company’s reputation for delivering high-performance components in dynamic environments.
Frequency Electronics (NASDAQ: FEIM) has secured an $18.98 million contract for its precision oscillators, destined for a national security satellite program. These oscillators will serve as the primary frequency reference for the communications payload and will be delivered over a six-year period. CEO Stan Sloane emphasized the significance of this contract, which arises from the company's reliable performance and commitment to its customers, contributing to the support of military efforts globally.
Frequency Electronics, Inc. (NASDAQ-FEIM) reported fiscal year 2020 revenues of $41.5 million, down from $49.5 million in 2019. The operating loss widened to $10.9 million from $2.8 million the previous year, with a net loss of $10.0 million, or ($1.10) per diluted share, compared to ($0.28) in 2019. The decline was attributed to delays in contract awards and supply chain issues due to COVID-19. Despite this setback, the company experienced increased business activity, with backlog ending at $36 million and ongoing negotiations for significant contracts.
Frequency Electronics, Inc. (NASDAQ: FEIM) will host a conference call to discuss its fiscal year 2020 results on July 16, 2020, at 4:30 PM ET. Investors can access the call via a web link or by dialing in. A replay will be available for one week post-call. The company specializes in high-precision timing, frequency generation, and RF control products utilized in various government and commercial applications, including satellite systems and electronic warfare. Frequency Electronics is recognized for its innovation with over 100 awards in excellence.
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