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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Earnings data Q2 2024

Earnings data Q3 2024

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Earnings data Q2 2025

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., 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. 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.

Frequency Electronics, Inc. (FEIM) Q1 2023 Earnings Call Transcript

MITCHEL FIELD, N.Y., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the first quarter ended July 31, 2022, of approximately $8.2 million compared to revenues of $13.0 million for the first quarter of fiscal 2022, ended July 31, 2021. Operating loss for the first quarter of fiscal 2023 was $3.1 million compared to an operating loss of $1.7 million for the same period of fiscal 2022. Net loss from operations was $3.1 million or ($0.33) per diluted share compared to a net loss of $1.6 million or ($0.17) per diluted share for the first quarter of fiscal year 2022.

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

MITCHEL FIELD, N.Y., Sept. 09, 2022 (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, 2022, on Tuesday September 13, 2022, at 4:30 PM Eastern Time.

Frequency Electronics Announces 1st Quarter Financial Results Conference Call: Tuesday September 13, 2022, at 4:30 PM ET

MITCHEL FIELD, N.Y., July 29, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announces the selection of its high precision oscillators and frequency generation products for a critical military satellite system. The award is a follow-on option on a current contract and is valued at approximately $6.3 million dollars. The period of performance is approximately 24 months. No other details of the contract are being released at this time.

Frequency Electronics, Inc., Announces the Selection of its High Precision Oscillators and Frequency Generation Products for a Critical Military Satellite System

Frequency Electronics, Inc. (NASDAQ:FEIM ) Q4 2022 Earnings Conference Call July 13, 2022 4:30 PM ET Company Participants Thomas McClelland - Interim CEO Steven Bernstein - CFO Conference Call Participants Operator Greetings. And welcome to the Frequency Electronics Year-End Fiscal 2022 Earnings Release Conference Call.

Frequency Electronics, Inc. (FEIM) Interim CEO Thomas McClelland on Q4 2022 Results - Earnings Call Transcript

MITCHEL FIELD, N.Y., July 13, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the fiscal year ended April 30, 2022, of $48.3 million compared to revenues of $54.3 million for the fiscal year, ended April 30, 2021. Operating loss for fiscal 2022 was $8.0 million compared to an operating loss of $958,000 for fiscal 2021. Net loss for fiscal year 2022 was $8.7 million or ($0.93) per diluted share compared to net income of $680,000 or $0.07 per diluted share for fiscal 2021.

Frequency Electronics, Inc. Announces Year End Fiscal Year 2022 Financial Results

MITCHEL FIELD, N.Y., July 13, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today is pleased to announce Tom McClelland as Interim CEO, replacing Stanton Sloane who has retired effective July 8, 2022 from the company and its Board of Directors. Tom is Frequency's Chief scientist and has been with FEI for almost 40 years. He has led the company's research and scientific efforts for 10  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 US government and holds a PhD in physics from Columbia University.

Frequency Electronics, Inc., Announces Thomas McClelland as Interim CEO, Replacing Stanton Sloane Who Has Retired

MITCHEL FIELD, N.Y., July 11, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its fiscal year 2022, ended April 30, 2022, on Wednesday, July 13, 2022, at 4:30 PM Eastern Time.

Frequency Electronics, Inc. Announces Year End Fiscal 2022 Financial Results Conference Call: Wednesday, July 13, 2022, at 4:30 PM ET

Frequency Electronics Inc's (FEIM) CEO Stanton Sloane on Q3 2022 Results - Earnings Call Transcript

MITCHEL FIELD, N.Y., March 10, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and nine-month periods of fiscal 2022, ended January 31, 2022, of $12.3 million and $38.1 million, respectively, compared to revenues of $11.7 million and $38.6 million, respectively, for the same periods of fiscal 2021, ended January 31, 2021. Operating loss for the third quarter of fiscal 2022 was $721,000 compared to $939,000 for the same period of fiscal 2021. Operating loss was $2.1M for the nine months ended January 31, 2022 compared to $1.1M for the same period of fiscal 2021. Net loss for the three months ended January 31, 2022 was $735,000 or ($0.08) per diluted share and for the nine months ended January 31, 2022 a net loss of $1.8 million or ($0.20) per diluted share, respectively, compared to a net loss of $800,000 or ($0.09) per share and $733,000 or ($0.08) per share, respectively, for the same periods of fiscal 2021.

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

MITCHEL FIELD, N.Y., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announces the award of a contract from the Office of Naval Research (ONR) to develop a Mercury Ion atomic clock for application to various US Naval platforms. Contract value, if all options are exercised, is approximately $20.2M. The base period of the contract is two years with two additional options of two years and one year respectively.

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

Frequency Electronics, Inc. (FEIM) CEO Stanton Sloane on Q2 2022 Results - Earnings Call Transcript

MITCHEL FIELD, N.Y., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and six-month periods of fiscal 2022, ended October 31, 2021, of $12.9 million and $25.9 million, respectively, compared to revenues of $14.0 million and $26.9 million, respectively, for the same periods of fiscal 2021, ended October 31, 2020. Operating profit for the second quarter of fiscal 2022 was $303,000 compared to $219,000 for the same period of fiscal 2021. Operating loss was $1.4M for the six months ended October 31, 2021 compared to an operating loss of $119,000 for the six months ended October 31, 2020. Net income for the three months ended October 31, 2021 was $497,000 or $0.05 per diluted share and for the six months ended October 31, 2021 a net loss of $1.1 million or ($0.12) per diluted share, respectively, compared to net income of $329,000 or $0.04 per share and $67,000 or $0.601 per share, respectively, for the same periods of fiscal 2021.

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

MITCHEL FIELD, N.Y., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the second quarter of its fiscal year 2022, ended October 31, 2021, on Thursday December 9, 2021, at 4:30 PM Eastern Time.

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