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. (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.
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.