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) reported revenues of $12.3 million for Q3 FY2022, up from $11.7 million in Q3 FY2021, but faced an operating loss of $721,000, improved from $939,000 year-over-year. Net loss for the quarter was $735,000 or ($0.08) per diluted share. For the nine months, revenues totaled $38.1 million, a slight decrease year-over-year. Backlog increased to $41.6 million, with bookings rising 30% in the New York segment. The company aims to reduce costs by transitioning manufacturing from California to New York amidst challenges from COVID-related employee absences.
Frequency Electronics (NASDAQ: FEIM) will host a conference call on March 10, 2022, at 4:30 PM ET to discuss its third-quarter results for fiscal year 2022, which ended January 31, 2022.
The call will be available via webcast and can be accessed through the Investor Relations section of Frequency's website. A telephone replay will be accessible for one week post-call. Frequency Electronics specializes in high precision timing and frequency generation products, serving military, commercial, and space applications.
Frequency Electronics, Inc. (NASDAQ-FEIM) announced a significant contract with the Office of Naval Research valued at approximately $20.2 million for the development of a Mercury Ion atomic clock. The contract spans a base period of two years, with options for two additional years. CEO Stan Sloane highlighted the Company's expanding relationship with ONR and emphasized collaboration on advanced technology development. This initiative builds on prior work by the Jet Propulsion Laboratory and aims to deliver pre-production prototypes.
Frequency Electronics, Inc. (FEIM) reports fiscal 2022 results for the periods ended October 31, 2021. Revenues for Q2 reached $12.9 million, down from $14.0 million year-over-year, while six-month revenues were $25.9 million versus $26.9 million in the prior year. Operating profit for Q2 improved to $303,000, up from $219,000, but the six-month operating loss widened to $1.4 million. Net income for Q2 was $497,000 or $0.05 per share, contrasting with a net loss of $1.1 million for six months. The company holds $20.6 million in cash and no debt.
Frequency Electronics, Inc. (NASDAQ: FEIM) will hold a conference call on December 9, 2021, at 4:30 PM ET to discuss its second-quarter results for fiscal year 2022, ending October 31, 2021. Investors can join via webcast on the company's Investor Relations page or by phone at 888-506-0062 for domestic and 973-528-0011 for international calls. An archived replay will be available for one week post-call. The company specializes in high-precision timing and frequency generation products for various applications including military and commercial systems.
Frequency Electronics, Inc. (FEIM) announced a contract award for space-qualified precision oscillators worth approximately $5.3 million. This contract is an exercise of options on an existing agreement, with performance extending through October 2024. CEO Stan Sloane expressed satisfaction with the customer's decision, highlighting the contract's importance for integrating FEI products into critical government satellites. Frequency Electronics specializes in high-precision timing and frequency generation products, supporting various military and commercial applications.
Frequency Electronics (NASDAQ: FEIM) announced the award of a contract by the Office of Naval Research to develop the Pulsed Optically-Pumped Rubidium Atomic Frequency Standard (POPRAFS) on September 23, 2021. The contract has a total potential value of approximately $17.75M, with a base performance period of two years and options extending up to five years. This technology aims to improve the performance of atomic clocks, significantly enhancing accuracy for both government and commercial applications.
Frequency Electronics, Inc. (FEIM) reported approximately $13.0 million in revenues for Q1 FY2022, with an operating loss of $1.7 million, significantly higher compared to a $337,000 loss in Q1 FY2021. The net loss amounted to $1.6 million or ($0.17) per share, up from a net loss of $262,000 or ($0.03) per share a year prior. Revenue from satellite payloads increased by 1.4% year-over-year, while backlog decreased to $37 million. The CEO noted challenges from unusual legal expenses and COVID-related supply chain issues.
Frequency Electronics, Inc. (NASDAQ: FEIM) will host a conference call on September 13, 2021, at 4:30 PM ET to discuss Q1 fiscal year 2022 results for the period ending July 31, 2021. Investors can access the call via the company’s website or by phone at 877-407-9205. A replay will be available for a week post-call. Frequency Electronics is a leader in high precision timing and frequency generation products, serving various sectors including military and commercial applications, and has received over 100 awards for its contributions.
Frequency Electronics, Inc. (NASDAQ-FEIM) announced the development of a new family of pulsed laser Rubidium atomic clocks, promising improved performance for military, terrestrial, and commercial applications. Dr. Thomas McClelland, Chief Scientist, highlighted the resolution of key technical challenges, aiming for at least 10x better time stability. CEO Stan Sloane noted the project, initiated in 2016, is moving towards production, representing a multi-hundred million dollar market opportunity. This development positions FEIM as a key player in the atomic clock sector.