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

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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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Frequency Electronics' (FEIM) CEO Stanton Sloane on Q4 2020 Results - Earnings Call Transcript

MITCHEL FIELD, N.Y., July  16, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues of $41.5 million for fiscal year 2020 ended April 30, 2020, compared to revenues of $49.5 million for fiscal year 2019, ended April 30, 2019.  Operating loss for fiscal year 2020 was $10.9 million compared to an operating loss of $2.8 million for fiscal year 2019. Net loss from operations for the fiscal year was $10.0 million or ($1.10) per diluted share compared to a net loss of $2.5 million or ($0.28) per diluted share for fiscal year 2019.

Frequency Electronics, Inc. Announces Fiscal Year 2020 Results

MITCHEL FIELD, N.Y., July  14, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its fiscal year 2020, ended April 30, 2020, on Thursday, July 16, 2020, at 4:30 PM Eastern Time.

Frequency Electronics Announces Year End Fiscal 2020 Financial Results Conference Call: Thursday, July 16, 2020, at 4:30 PM ET

MITCHEL FIELD, N.Y., July  01, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announced the award of a contract for frequency generation subsystems from a major aerospace and defense prime contractor for end use on a critical US Government defense satellite program. The contract value is approximately $28.6 million, including all options and includes the design and manufacture of the primary frequency references for the satellites. The period of performance is approximately three years, again, inclusive of options.

Frequency Electronics, Inc. Announces Significant Contract Win

MITCHEL FIELD, N.Y., June  17, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ:FEIM) announced today that its wholly owned subsidiary FEI-Elcom Tech, Inc. (Elcom) received a five year contract valued at approximately $2.7M, if all options are exercised, for supply of advanced synthesizer sub-systems to a leading U.S defense prime contractor for ultimate government end use. Additional order potential for these synthesizers is estimated at more than $2.5M, including spares and international sales opportunities. The synthesizers will be incorporated into next generation Electronic Warfare (EW) systems installed on various US defense platforms. The synthesizers incorporate Elcom’s proprietary fast switching, very low phase noise technology, applicable to next generation EW and Electronic Intelligence (ELINT) systems.

Frequency Electronics Announces Contract for Advanced Technology Frequency Synthesizers

MITCHEL FIELD, N.Y., May  07, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM) (the “Company” or “FEI”), as previously announced, received proceeds on April 12, 2020 from a loan in the amount of $4,964,810 (the “PPP Loan”) from JPMorgan Chase Bank, N.A. as the lender (the “Lender”), pursuant to the Small Business Administration (the “SBA”) Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security Act. On May 6, 2020, the Company elected to repay the PPP Loan in full.

Frequency Electronics to Repay PPP Loan

MITCHEL FIELD, N.Y., April  28, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), today announced it won a Silver Tier Award for exceptional performance and contributions to supply chain success in 2019 for BAE Systems’ Electronic Systems sector. Frequency Electronics Inc. (FEI) was selected from a pool of more than 2,200 suppliers that worked with the sector in 2019.

BAE Systems Honors Frequency Electronics With a Silver Tier Supplier Award

MITCHEL FIELD, N.Y., April  20, 2020  (GLOBE NEWSWIRE) -- FEI-Elcom Tech, Inc., (Elcom), a subsidiary of Frequency Electronics, Inc. (Nasdaq:FEIM), announces the Ultra-Low phase noise direct and phase locked oscillator module with outputs up to 40 GHz.

Frequency Electronics, Inc., subsidiary FEI-Elcom Tech, Inc.

Frequency Electronics, Inc. (FEIM) CEO Stanton Sloane on Q3 2020 Results - Earnings Call Transcript

MITCHEL FIELD, N.Y., March  12, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), announces the election of Russell Sarachek as Chairman of the Board of directors. Mr. Sarachek has served as a Director of the Company since August 2016. He is also currently Managing Director of Contra Capital, LLC, serving in that capacity since 2002. In addition to his in-depth knowledge of Frequency Electronics, Mr. Sarachek has broad knowledge in public company governance practices, as well as extensive aerospace and defense industry expertise.

Frequency Electronics Announces the ELECTION of RUSSELL SARACHEK as CHAIRMAN of the BOARD of DIRECTORS

MITCHEL FIELD, N.Y., March  12, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), announces the award of two contracts with an aggregate value of approximately $7.2 million. Both contracts are for design and manufacture of master oscillators and time/frequency generation electronics that will be incorporated into US Government space and airborne platforms, respectively. Further details on the contracts cannot be disclosed.

Frequency Electronics Announces the AWARD of TWO CONTRACTS VALUED at APPROXIMATELY $7.2 MILLION

MITCHEL FIELD, N.Y., Jan.  28, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announced it is promoting one of its long time technical leaders to Chief Scientist for the corporation. Dr. McClelland, in addition to holding a PhD in physics from Columbia University, has led FEI’s advanced technical development team for the last 20 years. He is a 35 year veteran with FEI and has been principally responsible for the design and production of advanced technology quartz oscillators and Rubidium atomic clocks. Dr. McClelland replaces Martin Bloch, the Company’s former Chief Scientist.

Frequency Electronics, Inc. announces appointment of Dr.

MITCHEL FIELD, N.Y., Jan.  09, 2020  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announced its next generation Rubidium atomic clock successfully completed a Critical Design Review (CDR) by prime contractor Lockheed Martin Space for potential use on the U.S. Air Force’s GPS III Follow On (GPS IIIF) satellite program.

Frequency Electronics Inc. Digital Rubidium Atomic Frequency Standard (DRAFS) Completes Critical Design Review for Potential Use on GPS IIIF Satellite Program

FMITCHEL FIELD, N.Y., Dec.  18, 2019  (GLOBE NEWSWIRE) -- requency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces FEI-Elcom Tech, Inc., (Elcom), a subsidiary of Frequency Electronics, Inc., enhances   the SPDRO line with improved phase noise.

Frequency Electronics, Inc.,  subsidiary FEI-Elcom Tech, Inc.

Frequency Electronics, Inc. (FEIM) CEO Dr.

MITCHEL FIELD, N.Y., Dec.  12, 2019  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces a contract award for precision oscillators for a next-generation satellite application. Under this contract, FEI will develop, manufacture, test and deliver state of the art oscillators which provide the primary frequency reference for the spacecraft and enhance its mission effectiveness. These high-performance, space qualified oscillators are an evolution of FEIs technology which has been proven on numerous US Government and commercial satellite programs over the last 58 years. The contract is valued at approximately $4.2m, if all options are exercised.

Frequency Electronics, Inc., Announces Award of a Contract for High Performance Oscillators for Space

MITCHEL FIELD, N.Y., Nov.  18, 2019  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announces the award of an approximately $3M contract for advanced technology oscillators for a US Government system. Under this contract, FEI will design and manufacture high performance oscillators and conduct associated qualification testing.

Frequency Electronics, Inc., announces the award of a contract to deliver advanced technology crystal oscillators

MITCHEL FIELD, N.Y., Oct.  24, 2019  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announced the award of a contract from BAE Systems for precision “g” (acceleration) compensated Oven-controlled Quartz Oscillators (OCXO) for application in the Multifunctional Information Distribution System - Joint Tactical Radio System (MIDS JTRS) radio system. These precision oscillators incorporate FEI’s state-of-the-art, patented technology for operating in high dynamic environments and generate precise frequencies that are critical to the overall performance of the MIDS-JTRS system. The contract is valued at approximately $4.5m.

Frequency Electronics, Inc., Announces MIDS-JTRS Oscillator contract award valued at approximately $4.5 million

Frequency Electronics, Inc. (FEIM) CEO Stan Sloane on Q1 2020 Results - Earnings Call Transcript

MITCHEL FIELD, N.Y., Sept.  16, 2019  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) reported revenues for the first quarter of fiscal 2020 ended July 31, 2019, of $12.6 million compared to $11.0 million for the first quarter of fiscal 2019.  The Company reported an operating loss of $780,000 for the first quarter of fiscal 2020 compared to operating income of $85,000 for the same period of fiscal 2019. Net loss was $591,000 or ($0.07) per diluted share compared to net income of $31,000 or less than $0.01 per diluted share for the first quarter of fiscal 2019.  

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2020 Results

MITCHEL FIELD, N.Y., Sept.  03, 2019  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today announces the award of contracts for precision Voltage Controlled Quartz Crystal Oscillators (VCXO) with an aggregate value of approximately $8.7m.

Frequency Electronics, Inc., Announces Award of Contracts for Precision Oscillators

MITCHEL FIELD, N.Y., Aug.  29, 2019  (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) announced today that it has delivered its fourth in a series of Wide Area Augmentation System (WAAS) Timing and Frequency Conversion systems to Northrop Grumman Innovation Systems, Inc., subcontractors on the 7th Generation geostationary earth orbit satellite (GEO 7) task order.  Consisting of dual redundant C-to-L band down converters and triple redundant ultra-stable quartz oscillators, the system enables the delivery of precision navigation information to aircraft and is scheduled to be launched in 2020 aboard the Intelsat Galaxy 30 satellite. WAAS is an air navigation aid developed by the Federal Aviation Administration to augment the Global Positioning System (GPS), with the goal of improving its accuracy, integrity, and availability.  WAAS enables precision instrument approach capability for aircraft in all weather, critical for safe and efficient operations in the US airspace system.

Frequency Electronics, Inc., Announces it Has Delivered Its Fourth in a Series of Wide Area Augmentation Systems (WAAS)

Frequency Electronics Inc (NASDAQ:FEIM) files its latest 10-K with SEC for the fiscal year ended on April 30, 2019.

Frequency Electronics Inc (FEIM) Files 10-K for the Fiscal Year Ended on April 30, 2019

Frequency Electronics, Inc. (FEIM) CEO Stan Sloane on Q4 2019 Results - Earnings Call Transcript

Frequency Electronics, Inc. (FEIM) CEO Stanton Sloane on Q3 2019 Results - Earnings Call Transcript

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