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 Q3 2021

Earnings data Q4 2021

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Frequency Electronics (FEIM) reports stellar fiscal year performance and strategic moves

Frequency Electronics (FEIM) showcased robust financial performance with significant revenue growth, improved operating income, and a turnaround in net income.
The company's focus on operational efficiency, strong balance sheet, and strategic dividend decision highlight its resilience and progress.
While facing challenges related to satellite assets and program risks, FEIM aims to leverage opportunities for growth and innovation in the industry.

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MITCHEL FIELD, N.Y., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announced the award of a contract for space-qualified precision oscillators for ultimate application to a government satellite program. This order is an exercise of options on a current contract. Value of the award is approx. $5.3m. The contract period of performance runs through October of 2024. No further details of the award are being released.

Frequency Electronics, Inc. Announces Award of a Contract for Space-qualified Oscillators

The stock price of Frequency Electronics, Inc. (NASDAQ: FEIM) increased by over 18% pre-market today. This is why it happened.

FEIM Stock: Why It Substantially Increased Today

MITCHEL FIELD, New York, Sept. 27, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces the Award of a Contract by the Office of Naval Research to Develop the Pulsed Optically-Pumped Rubidium Atomic Frequency Standard.

Frequency Electronics, Inc. Announces Award of a Contract From The Office of Naval Research for Atomic Clock Development

Frequency Electronics, Inc. (FEIM) CEO Stan Sloane on Q1 2022 Results - Earnings Call Transcript

MITCHEL FIELD, N.Y., Sept. 13, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues of approximately $13.0 million for the first quarter ended July 31, 2021. Operating loss for the three months ended July 31, 2021 was $1.7 million compared to an operating loss of $337,000 for the three months ended July 31, 2020. Net loss for the three months ended July 31, 2021 was $1.6 million or ($0.17) per share compared to a net loss of $262,000 or ($0.03) per share for the three months ended July 31, 2020.

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2022 Results

MITCHEL FIELD, N.Y., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the first quarter of its fiscal year 2022, ended July 31, 2021, on Monday September 13, 2021, at 4:30 PM Eastern Time.

Frequency Electronics Announces 1st Quarter Financial Results Conference Call: Monday September 13, 2021, at 4:30 PM ET

MITCHEL FIELD, N.Y., Aug. 18, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announced it will develop a family of next generation pulsed laser Rubidium atomic clocks. These clocks will provide significantly improved performance compared to what is currently available and will include configurations for military space, terrestrial tactical applications and the commercial market.

Frequency Electronics, Inc. to Develop Family of Next Generation Atomic Clocks

Frequency Electronics, Inc. (FEIM) CEO Stanton Sloane on Q4 2021 Results - Earnings Call Transcript (Transcript)

Revenue Increases 31% Year-Over-Year and 53% Over Q4 Fiscal Year 2020 Revenue Increases 31% Year-Over-Year and 53% Over Q4 Fiscal Year 2020

Frequency Electronics, Inc. Announces Fourth Quarter Fiscal Year 2021 Results

MITCHEL FIELD, N.Y., June 25, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its fiscal year 2021, ended April 30, 2021, on Tuesday, June 29, 2021, at 4:30 PM Eastern Time.

Frequency Electronics Announces Year End Fiscal 2021 Financial Results Conference Call: Tuesday, June 29, 2021, at 4:30 PM ET

MITCHEL FIELD, N.Y., May 25, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announced the award of a follow-on order for g-compensated Oven Controlled Quartz Oscillators (“OCXO”) valued at approximately $3M. These oscillators are a critical component of US Government communications system installed on a variety of military platforms. Contract period of performance is approximately twenty two months. Further details of the contract are not being released.

Frequency Electronics Announces Award of a Contract for Precision Quartz Oscillators

Frequency Electronics' (FEIM) CEO Stanton Sloane on Q3 2021 Results - Earnings Call Transcript

MITCHEL FIELD, N.Y., March 11, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and nine-month periods of fiscal 2021, ended January 31, 2021, of $11.7 million and $38.6 million, respectively, compared to revenues of $9.6 million and $31.3 million, respectively, for the same periods of fiscal 2020, ended January 31, 2020. Operating loss for the third quarter of fiscal 2021 was $939,000 compared to an operating loss of $1.6 million for the same period of fiscal 2020. Operating loss was $1.1 million for the nine months ended January 31, 2021 compared to an operating loss of $7.3 million for the nine months ended January 31, 2020. Net loss for the three and nine months ended January 31, 2021 was $800,000 or ($0.09) per diluted share and $733,000 or ($0.08) per diluted share, respectively, compared to net losses of $1.6 million or ($0.17) per share and $7.1 million or ($0.78) per share, respectively, for the same periods of fiscal 2020.

Frequency Electronics, Inc. Announces Third Quarter Fiscal Year 2021 Results

MITCHEL FIELD, N.Y., March 09, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the third quarter of its fiscal year 2021, ended January 31, 2021, on Thursday, March 11, 2021, at 4:30 PM Eastern Time.

Frequency Electronics Announces 3rd Quarter Financial Results Conference Call: Thursday, March 11, 2021, at 4:30 PM ET

MITCHEL FIELD, N.Y., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announced the selection of its high performance oscillators and microwave frequency generation units for ultimate application on a key US government satellite system. This first phase contract is valued at approximately $17M, with a four year period of performance. A Phase 2 follow-on contract for additional flight units is anticipated.

Frequency Electronics Announces Award of a Contract for High Performance Oscillators & Frequency Generation Units

MITCHEL FIELD, N.Y., Feb. 08, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announced the award of a contract for its digital Rubidium Atomic Clock, a next generation, high-precision frequency and timing source. Contract value is approximately $4.5 m. Details of the contract are not being released.

Frequency Electronics, Inc. Announces Award of a Contract for Next Generation Rubidium Atomic Clock

MITCHEL FIELD, N.Y., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is pleased to announce its selection for a $3.9M contract, including options, to provide precision oscillators as highly-stability frequency references for ultimate use on secure communications satellites for the US Government. The contract period of performance is approximately 2.5 years, including the options.

Frequency Electronics, Inc. Announces Award of a Contract for Precision Oscillators

MITCHEL FIELD, N.Y., Dec. 10, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three and six month periods of fiscal 2021, ended October 31, 2020, of $14.0 million and $26.9 million, respectively, compared to revenues of $9.1 million and $21.6 million, respectively, for the same periods of fiscal 2020, ended October 31, 2019. Operating profit for the second quarter of fiscal 2021 was $219,000 compared to an operating loss of $4.9 million for the same period of fiscal 2020. Operating loss was $119,000 for the six months ended October 31, 2020 compared to an operating loss of $5.7 million for the six months ended October 31, 2019. Net income for the three and six months ended October 31, 2020 was $329,000 or $0.04 per diluted share and $67,000 or $0.01 per diluted share, respectively, compared to net losses of $4.9 million or ($0.54) per share and $5.5 million or ($0.61) per share, respectively, for the same periods of fiscal 2020.

Frequency Electronics, Inc. Announces Second Quarter Fiscal Year 2021 Results

MITCHEL FIELD, N.Y., Dec. 08, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its second quarter of its fiscal year 2021, ended October 31, 2020, on Thursday, December 10, 2020, at 4:30 PM Eastern Time.

Frequency Electronics Announces 2nd Quarter Financial Results Conference Call: Thursday, December 10, 2020, at 4:30 PM ET

MITCHEL FIELD, N.Y., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is pleased to announce the award of a contract for precision Voltage Controlled Quartz Crystal Oscillators (VCXO) with a contract value of approximately $5.2m. This is a follow-on to a contract previously awarded and announced in September 2019. The oscillators will provide critical timing information for US Government satellites.

Frequency Electronics, Inc. Announces Award of a Contract for Precision Voltage Controlled Quartz Crystal Oscillators (VCXO)

Frequency Electronics Inc. (FEIM) CEO Stanton Sloane on Q1 2021 Results - Earnings Call Transcript

MITCHEL FIELD, N.Y., Sept.  10, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the first quarter of fiscal 2021 ended July 31, 2020 of $13.0 million, compared to revenues of $12.6 million for the first quarter of fiscal 2020, ended July 31, 2019.  Operating loss for the first quarter of fiscal 2021 was $337,000 compared to an operating loss of $780,000 for the same period of fiscal 2020. Net loss from operations was $262,000 or ($0.03) per diluted share compared to a net loss of $591,000 or ($0.07) per diluted share for the first quarter of fiscal year 2020.

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2021 Results

MITCHEL FIELD, N.Y., Sept.  08, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its first quarter of its fiscal year 2021, ended July 31, 2020, on Thursday, September 10, 2020, at 4:30 PM Eastern Time.

Frequency Electronics Announces 1st Quarter Financial Results Conference Call: Thursday, September 10, 2020, at 4:30 PM ET

MITCHEL FIELD, N.Y., July  30, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announces the selection of its precision oscillators for a critical national security satellite program. The oscillators will provide the primary frequency reference for the communications payload and will be delivered to the prime contractor for integration into the satellite and ultimate delivery to the US government. The contract value is $18.98m, with a period of performance of approximately six years, inclusive of all options.

Frequency Electronics, Inc. Announces Selection of its Precision Oscillators for a National Security Satellite

Frequency Electronics' (FEIM) CEO Stanton Sloane on Fiscal Year 2020 Results - Earnings Call Transcript

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