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, 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.
Frequency Electronics (NASDAQ-FEIM) has secured a $3.9 million contract to provide precision oscillators for secure communication satellites serving the US Government. The contract spans approximately 2.5 years, highlighting FEI's expertise in high-stability frequency references. CEO Stan Sloane emphasized the significance of this award, showcasing the reliability of FEI's products in military applications. The company has a proven track record, having received over 100 awards for excellence in electronic assemblies for various defense and space programs.
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.