Frequency Electr Stock Price, News & Analysis

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.

Frequency Electronics, Inc. (FEIM) reported a 31% increase in revenues for fiscal year 2021, totaling $54.3 million, up from $41.5 million in FY2020. For Q4 FY2021, revenues reached $15.6 million, a 53% increase year-over-year. The company posted a net income of $680,000 or $0.07 per diluted share, a significant improvement from a net loss of $10 million in FY2020. Operating losses narrowed to $958,000 from $10.9 million. FEIM ended the year with $20 million in cash and a $40 million backlog of contracts.

Frequency Electronics, Inc. (NASDAQ: FEIM) will hold a conference call on June 29, 2021, at 4:30 PM ET to discuss fiscal year 2021 results, which ended on April 30, 2021. The call will be accessible via webcast and phone for investors and analysts. A replay will be available for one week following the call. Frequency Electronics is a leader in high precision timing and frequency generation products for various applications, including military and commercial systems. The company prioritizes R&D to enhance its offerings.

Frequency Electronics, Inc. (NASDAQ-FEIM) announced a follow-on order for g-compensated Oven Controlled Quartz Oscillators (OCXO) valued at approximately $3M. This order is crucial for US Government communications systems on military platforms, with a contract period of performance lasting around 22 months. CEO Stanton Sloane expressed confidence in the technology and the commitment to support essential military operations. Frequency Electronics, a leader in high-precision timing and frequency generation, has a strong track record in defense and aerospace sectors.

Frequency Electronics reported fiscal 2021 Q3 revenues of $11.7 million, up from $9.6 million in Q3 2020. For nine months, revenues reached $38.6 million versus $31.3 million last year. The operating loss improved to $939,000 for Q3, down from $1.6 million in Q3 2020, with a nine-month operating loss of $1.1 million compared to $7.3 million last year. Net losses of $800,000 for Q3 and $733,000 year-to-date reflect significant improvement. The backlog rose to $41 million, with strong gains in satellite payload revenues.

Frequency Electronics, Inc. (NASDAQ: FEIM) will host a conference call on March 11, 2021, at 4:30 PM Eastern Time to discuss its third-quarter results for fiscal year 2021, ending January 31, 2021. Investors can access the call via webcast on the company's website or by dialing 877-407-9205 for U.S. callers and 201-689-8054 for international participants. A replay will be available for one week post-call. Frequency Electronics specializes in high precision timing and frequency generation products for various applications, including military and commercial systems.

Frequency Electronics, Inc. (NASDAQ-FEIM) has secured a contract valued at approximately $17 million for its high-performance oscillators and microwave frequency generation units to be used in a key U.S. government satellite system. The contract spans four years and may be followed by a Phase 2 contract for additional units. CEO Stan Sloane expressed confidence in the company’s advanced technology and customer trust, highlighting its role in military satellite programs. Frequency Electronics is known for developing precision timing and frequency generation products for various applications.

Frequency Electronics, Inc. (FEIM) announced a contract award valued at approximately $4.5 million for its state-of-the-art digital Rubidium Atomic Clock. The CEO, Stan Sloane, expressed confidence in the product’s capabilities and the company's expertise in high-precision frequency and timing solutions. The new atomic clock design offers significant improvements in digital technology compared to existing models. FEIM's products serve various sectors, including space, government, and military applications.