Frequency Electronics

Frequency Electronics, Inc. engages in the design, development, and manufacture of precision time and frequency generation technology. It operates through the FEI-NY and FEI-Zyfer business segments. The FEI-NY segment provides precision time, frequency generation, and synchronization products and subsystems that are found on-board satellites, in ground-based communication stations, and imbedded in moving platforms. The FEI-Zyfer segment designs, develops, and manufactures products for precision time and frequency generation and synchronization, primarily incorporating GPS technology. The company was founded by Martin B. Bloch on August 25, 1961 and is headquartered in Mitchel Field, NY.

Earnings data Q4 2024

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MITCHEL FIELD, N.Y., March 15, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM). On yesterday's earnings call, the Company discussed program charges that adversely affected its gross margins for the quarter ended January 31, 2024. As a result of percentage of completion accounting, these charges included a temporary reversal of revenue. The Company expects to recover approximately $1.2 million of this revenue during this calendar year. Because the costs have been conservatively estimated and already charged, when this revenue is realized, the Company estimates that it will be at normal or higher than average corporate gross margins.

Frequency Electronics Issues a Clarification to Yesterday's Earnings Call

MITCHEL FIELD, N.Y., March 14, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three-month and nine-month periods of fiscal 2024, ended January 31, 2024, of approximately $13.7 million and $39.7 million, respectively, compared to revenues of $10.6 million and $27.8 million, respectively, for the same periods of fiscal year 2023, ended January 31, 2023. Operating loss for the third quarter of fiscal year 2024 was $0.5 million compared to an operating income of $0.3 million for the same period of fiscal year 2023. Operating Income for the nine months ended January 31, 2024 was $2.5 million compared to an operating loss of $5.1 million for the nine months ended January 31, 2023. Net Income from operations for the three and nine months ended January 31, 2024 was $0.1 million or $0.01 per diluted share and $3.0 million or $0.32 per diluted share, respectively, compared to net losses from operations for the three and nine month ended January 31, 2023 of $0.3 million or ($0.03) per diluted share and $5.7 million or ($0.62) per diluted share, respectively.

Frequency Electronics, Inc. Announces Third Quarter and Fiscal Year 2024 Financial Results

MITCHEL FIELD, N.Y., March 13, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the third quarter of its fiscal year 2024, ended January 31, 2024, on Thursday, March 14, 2024, at 4:30 PM Eastern Time.

Frequency Electronics Announces 3rd Quarter Financial Results Conference Call: Thursday, March 14, 2024, at 4:30 PM ET

Frequency Electronics has announced a series of contracts totaling $44 million in a single month, which, if delivered as intended, could significantly increase revenue. Management expects gross margins to reach 50% within the next year, which, combined with the revenue growth, could lead to substantial earnings growth. A change in management in 2022 has led to a significant increase in revenues, margins, and profitability.

Frequency Electronics: The Upturn In Business Is Not Yet Reflected In Price

Frequency Electronics (NASDAQ: FEIM ) just reported results for the second quarter of 2024. Frequency Electronics reported earnings per share of 8 cents.

FEIM Stock Earnings: Frequency Electronics Reported Results for Q2 2024

Frequency Electronics, Inc. (NASDAQ:FEIM ) Q2 2024 Earnings Call Transcript December 12, 2023 4:30 PM ET Company Participants Thomas McClelland - President and CEO Steve Bernstein - CFO Conference Call Participants Brett Reiss - Janney Tim Hasara - Sinnet Capital George Marema - Pareto Ventures Jeffrey Cohen - Mulholland Capital Management Operator Greetings and welcome to the Frequency Electronics Q2 Fiscal ‘24 Earnings Release Conference Call. At this time all participants are in a listen-only mode.

Frequency Electronics, Inc. (FEIM) Q2 2024 Earnings Call Transcript

MITCHEL FIELD, N.Y., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and six-month periods of fiscal 2024, ended October 31, 2023, of approximately $13.6 million and $26.0 million, respectively, compared to revenues of $8.9 million and $17.2 million, respectively, for the same periods of fiscal year 2023, ended October 31, 2022. Operating income for the second quarter of fiscal year 2024 was $0.9 million compared to an operating loss of $2.3 million for the same period of fiscal year 2023. Operating Income for the six months ended October 31, 2023 was $3.0 million compared to an operating loss of $5.4 million for the six months ended October 31, 2022. Net Income from operations for the three and six months ended October 31, 2023 was $0.8 million or $0.08 per diluted share and $2.9 million or $0.30 per diluted share, respectively, compared to net losses from operations for the three and six month ended October 31, 2022 of $2.3 million or ($0.25) per diluted share and $5.4 million or ($0.58) per diluted share, respectively.

Frequency Electronics, Inc. Announces Second Quarter and Fiscal Year 2024 Financial Results

MITCHEL FIELD, N.Y., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the second quarter of its fiscal year 2023, ended October 31, 2023, on Tuesday December 12, 2023, at 4:30 PM Eastern Time.

Frequency Electronics Announces 2nd Quarter Financial Results Conference Call: Tuesday December 12, 2023, at 4:30 PM ET

MITCHEL FIELD, N.Y., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces that it has been awarded a multi-year contract of approximately $9M to deliver advanced atomic clocks for a satellite navigation system for a new FEI, non-US government, customer. Per this contract FEI will deliver atomic frequency standards for deployment on a demonstration satellite to confirm the effectiveness of the navigation system performance. This important award includes contract options with a potential production value of more than $70 million for additional clocks over the next 5 to 6 years. The award emphasizes FEI's position and strength in atomic standards technologies for both commercial and military satellite applications, and the company's ability to compete both domestically and internationally.

Frequency Electronics Announces Contract Award for Approximately $9 Million

MITCHEL FIELD, N.Y., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces a contract award of approximately $19m from a major U.S. aerospace prime contractor to supply on-board precision frequency-generation systems for a multi satellite program. Under this contract, FEI will develop, manufacture, test and deliver within 24 months, state-of-the-art frequency generators and microwave synthesizers. The systems will provide multiple microwave frequencies for the spacecraft platforms within which they are deployed, and enhance their mission effectiveness. This high-performance hardware is derived from similar models that FEI has provided in the past for U.S. Government satellites, and which are successfully operating in orbit.

Frequency Electronics Announces Contract Award for Approximately $19 Million

Frequency Electronics, Inc. (NASDAQ:FEIM ) Q1 2024 Earnings Conference Call September 14, 2023 4:30 PM ET Company Participants Thomas McClelland - President and CEO Steven Bernstein - CFO Conference Call Participants Brett Reiss - Janney Montgomery Operator Greetings, and welcome to the Frequency Electronics First Quarter 2024 Earnings Release Conference Call. At this time all participants are on a listen-only mode.

Frequency Electronics, Inc. (FEIM) Q1 2024 Earnings Call Transcript

MITCHEL FIELD, N.Y., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the first quarter ended July 31, 2023, of approximately $12.4 million, compared to revenues of $8.2 million, for the first quarter of fiscal year 2023, ended July 31, 2022. Operating income for the first quarter of fiscal year 2024 was $2.1 million compared to an operating loss of $3.1 million for the same period of fiscal year 2023. Net Income from operations was $2.0 million or $0.22 per diluted share compared to a net loss from operations of $3.1 million or ($0.33) per diluted share for the first quarter of fiscal year 2023

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2024 Financial Results

MITCHEL FIELD, N.Y., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the first quarter of its fiscal year 2023, ended July 31, 2023, on Thursday September 14, 2023, at 4:30 PM Eastern Time.

Frequency Electronics Announces 1st Quarter Financial Results Conference Call: Thursday September 14, 2023, at 4:30 PM ET

Frequency Electronics, Inc. (FEIM) Q4 2023 Earnings Call Transcript

MITCHEL FIELD, N.Y., July 13, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and twelve-month periods of fiscal year 2023, ended April 30, 2023, of approximately $13.0 million and $40.8 million, respectively, compared to revenues of $10.2 million and $48.3 million, respectively, for the same periods of fiscal year 2022, ended April 30, 2022. Operating income for the fourth quarter of fiscal year 2023 was $392,000 compared to an operating loss of $5.9 million for the same period of fiscal year 2022. Operating loss for the twelve months ended April 30, 2023 was $4.7 million compared to an operating loss of $8.0 million for the twelve months ended April 30, 2022. Net income for the three months ended April 30, 2023 was $246,000 or $0.03 per diluted share and net loss for the twelve months ended April 30, 2023 was $5.5 million or ($0.59) per diluted share, compared to net loss of $6.8 million or ($0.74) per diluted share for the three months ended April 30, 2022 and net loss of $8.7 million or ($0.93) per diluted share for the twelve months ended April 30, 2022.

Frequency Electronics, Inc. Announces Fourth Quarter and Full Fiscal Year 2023 Financial Results

MITCHEL FIELD, N.Y., July 11, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its fiscal year 2023, ended April 30, 2023, on Thursday July 13, 2023, at 4:30 PM Eastern Time.

Frequency Electronics Announces Year End Fiscal 2023 Financial Results Conference Call: Thursday July 13, 2023, at 4:30 PM ET

Frequency Electronics, Inc. (NASDAQ:FEIM ) Q3 2023 Earnings Conference Call March 9, 2023 4:30 PM ET Company Participants Thomas McClelland - President and Chief Executive Officer Steven Bernstein - Chief Financial Officer Operator Greetings, and welcome to the Frequency Electronics Q3 Fiscal '23 Earnings Release Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Frequency Electronics, Inc. (FEIM) Q3 2023 Earnings Call Transcript

MITCHEL FIELD, N.Y., March 09, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and nine-month periods of fiscal 2023, ended January 31, 2023, of approximately $10.6 million and $27.8 million, respectively, compared to revenues of $12.2 million and $38.1 million, respectively, for the same periods of fiscal 2022, ended January 31, 2022. Operating income for the third quarter of fiscal 2023 was $325,000 compared to an operating loss of $721,000 for the same period of fiscal 2022. Operating loss for the nine months ended January 31, 2023 was $5.1 million compared to an operating loss of $2.1 million for the nine months ended January 31, 2022. Net loss from operations for the three and nine months ended January 31, 2023 was $316,000 or ($0.03) per diluted share and $5.7 million or ($0.62) per diluted share, respectively, compared to a net loss of $735,000 or ($0.08) per diluted share for the three months ended January 31, 2022 and a net loss of $1.8 million or ($0.20) per diluted share for the nine months ended January 31, 2022.

Frequency Electronics, Inc. Announces Third Quarter Fiscal Year 2023 Financial Results

MITCHEL FIELD, N.Y., March 07, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the third quarter of its fiscal year 2023, ended January 31, 2023, on Thursday March 9, 2023, at 4:30 PM Eastern Time.

Frequency Electronics Announces 3rd Quarter Financial Results Conference Call: Thursday March 9, 2023, at 4:30 PM ET

MITCHEL FIELD, N.Y., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is pleased to announce today that Tom McClelland will have the interim title removed and will serve as the Company's President and CEO. Tom has served as the Company's Interim President and CEO since July 8, 2022. Prior to that, Tom served as FEI's Chief Scientist and has been with the Company for almost 40 years. He has led the Company's research and scientific efforts for over 20 years. He is one of the foremost experts in precision timing and space related applications. He has the highest level of security clearance with the U.S. government and holds a PhD in physics from Columbia University.

Frequency Electronics, Inc. Names Tom McClelland as Permanent President and CEO

Frequency Electronics, Inc. (NASDAQ:FEIM ) Q2 2023 Earnings Conference Call December 20, 2022 4:30 PM ET Company Participants Thomas McClelland - President and Chief Executive Officer Steve Bernstein - Chief Financial Officer Conference Call Participants Brett Reiss - Janney Montgomery Richard Johns - Private Investor Robert Smith - Center for Performance Investing Michael Eisner - Private Investor Frank Wisneski - Private Investor Bert Cole - Private Investor Operator Greetings and welcome to the Frequency Electronics Second Quarter Fiscal 2023 Earnings Release Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Frequency Electronics, Inc. (FEIM) Q2 2023 Earnings Call Transcript

MITCHEL FIELD, N.Y., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and six-month periods of fiscal 2023, ended October 31, 2022, of approximately $8.9 million and $17.2 million, respectively, compared to revenues of $12.9 million and $25.9 million, respectively, for the same periods of fiscal 2022, ended October 31, 2021. Operating loss for the second quarter of fiscal 2023 was $2.3 million compared to an operating profit of $303,000 for the same period of fiscal 2022. Operating loss for the six months ended October 31, 2022 was $5.4 million compared to an operating loss of $1.4 million for the six months ended October 31, 2021. Net loss from operations for the three and six months ended October 31, 2022 was $2.3 million or ($0.25) per diluted share and $5.4 million or ($0.58) per diluted share, respectively, compared to a net income of $497,000 or $0.05 per diluted share for the three months ended October 31, 2021 and a net loss of $1.1 million or ($0.12) per diluted share for the six months ended October 31, 2021. Additionally, as just announced in a separate press release, the Company will be paying a special cash dividend of $1.00 per share of common stock on January 27, 2023, to stockholders of record as of the close of business on January 6, 2023. Please see that release for further details.

Frequency Electronics, Inc. Announces Second Quarter Fiscal Year 2023 Financial Results

MITCHEL FIELD, N.Y., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Today the Board of Directors of Frequency Electronics, Inc. (NASDAQ-FEIM) declared a special cash dividend of $1.00 per share of common stock. The special dividend is payable on January 27, 2023, to stockholders of record as of the close of business on January 6, 2023. Based on the current number of shares outstanding, the total amount of the special dividend payment will be approximately $9.3 million.

Frequency Electronics, Inc. Declares Special Cash Dividend of $1.00 Per Share

MITCHEL FIELD, N.Y., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold its conference call to discuss results for the second quarter of fiscal 2023, ended October 31, 2022, on Tuesday, December 20, 2022, at 4:30 PM Eastern Time.

Frequency Electronics Schedules Conference Call for Tuesday December 20, 2022, at 4:30 PM ET; Reports Preliminary Second Quarter Financial Results; and Delays Issuing Earning Release and Filing Related Form 10-Q

Frequency Electronics, Inc. (NASDAQ:FEIM ) Q1 2023 Earnings Conference Call September 13, 2022 4:30 PM ET Company Participants Thomas McClelland - President & CEO Steve Bernstein - CFO Conference Call Participants Operator Greetings. And welcome to the Frequency Electronics Q1 Fiscal '23 Earnings Release Conference Call.

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