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 (FEIM) maintains leadership in precision timing solutions for space, defense, and quantum technologies. This dedicated news hub provides authorized updates on FEIM's advancements in frequency control systems, military communications infrastructure, and measurement instrumentation.
Investors and industry professionals will find comprehensive coverage of earnings announcements, strategic contracts with government agencies, and technological breakthroughs in atomic clock stability. Our curated feed includes product launch details, R&D partnerships with academic institutions, and compliance updates for defense sector deliverables.
All content undergoes strict verification to ensure alignment with financial disclosure standards. The news archive serves as a historical reference for FEIM's evolving role in secure satellite networks and emerging quantum sensing applications. Bookmark this page for real-time updates on FEIM's contributions to critical timing infrastructure across terrestrial and orbital systems.
Frequency Electronics, Inc. (NASDAQ: FEIM) will hold a conference call on July 13, 2022, at 4:30 PM ET to discuss its fiscal year 2022 results ending April 30, 2022. Investors can participate via a webcast on the company's website or by phone, with details provided in the press release. A replay will be available after the call. Frequency Electronics specializes in high-precision timing and frequency generation products for space and terrestrial applications, serving commercial and military markets.
Frequency Electronics, Inc. (NASDAQ-FEIM) has announced the completion of its next-generation Digital Rubidium Atomic Clock (DRAC), designed for space applications requiring precision and resilience to radiation. The DRAC features an ultra-high stability oscillator and digital tuning, enhancing precision timing capabilities. CEO Stan Sloane highlighted the clock's importance for navigation systems amidst increasing jamming threats. The company is also advancing a pulsed version of the DRAC and a Mercury Ion clock, expected to enhance performance for various applications.
Frequency Electronics (NASDAQ: FEIM) reported revenues of $12.3 million for Q3 FY2022, up from $11.7 million in Q3 FY2021, but faced an operating loss of $721,000, improved from $939,000 year-over-year. Net loss for the quarter was $735,000 or ($0.08) per diluted share. For the nine months, revenues totaled $38.1 million, a slight decrease year-over-year. Backlog increased to $41.6 million, with bookings rising 30% in the New York segment. The company aims to reduce costs by transitioning manufacturing from California to New York amidst challenges from COVID-related employee absences.
Frequency Electronics (NASDAQ: FEIM) will host a conference call on March 10, 2022, at 4:30 PM ET to discuss its third-quarter results for fiscal year 2022, which ended January 31, 2022.
The call will be available via webcast and can be accessed through the Investor Relations section of Frequency's website. A telephone replay will be accessible for one week post-call. Frequency Electronics specializes in high precision timing and frequency generation products, serving military, commercial, and space applications.
Frequency Electronics, Inc. (NASDAQ-FEIM) announced a significant contract with the Office of Naval Research valued at approximately $20.2 million for the development of a Mercury Ion atomic clock. The contract spans a base period of two years, with options for two additional years. CEO Stan Sloane highlighted the Company's expanding relationship with ONR and emphasized collaboration on advanced technology development. This initiative builds on prior work by the Jet Propulsion Laboratory and aims to deliver pre-production prototypes.
Frequency Electronics, Inc. (FEIM) reports fiscal 2022 results for the periods ended October 31, 2021. Revenues for Q2 reached $12.9 million, down from $14.0 million year-over-year, while six-month revenues were $25.9 million versus $26.9 million in the prior year. Operating profit for Q2 improved to $303,000, up from $219,000, but the six-month operating loss widened to $1.4 million. Net income for Q2 was $497,000 or $0.05 per share, contrasting with a net loss of $1.1 million for six months. The company holds $20.6 million in cash and no debt.
Frequency Electronics, Inc. (NASDAQ: FEIM) will hold a conference call on December 9, 2021, at 4:30 PM ET to discuss its second-quarter results for fiscal year 2022, ending October 31, 2021. Investors can join via webcast on the company's Investor Relations page or by phone at 888-506-0062 for domestic and 973-528-0011 for international calls. An archived replay will be available for one week post-call. The company specializes in high-precision timing and frequency generation products for various applications including military and commercial systems.
Frequency Electronics, Inc. (FEIM) announced a contract award for space-qualified precision oscillators worth approximately $5.3 million. This contract is an exercise of options on an existing agreement, with performance extending through October 2024. CEO Stan Sloane expressed satisfaction with the customer's decision, highlighting the contract's importance for integrating FEI products into critical government satellites. Frequency Electronics specializes in high-precision timing and frequency generation products, supporting various military and commercial applications.
Frequency Electronics (NASDAQ: FEIM) announced the award of a contract by the Office of Naval Research to develop the Pulsed Optically-Pumped Rubidium Atomic Frequency Standard (POPRAFS) on September 23, 2021. The contract has a total potential value of approximately $17.75M, with a base performance period of two years and options extending up to five years. This technology aims to improve the performance of atomic clocks, significantly enhancing accuracy for both government and commercial applications.
Frequency Electronics, Inc. (FEIM) reported approximately $13.0 million in revenues for Q1 FY2022, with an operating loss of $1.7 million, significantly higher compared to a $337,000 loss in Q1 FY2021. The net loss amounted to $1.6 million or ($0.17) per share, up from a net loss of $262,000 or ($0.03) per share a year prior. Revenue from satellite payloads increased by 1.4% year-over-year, while backlog decreased to $37 million. The CEO noted challenges from unusual legal expenses and COVID-related supply chain issues.