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Frequency Electronics Inc. Announces a contract award valued at approximately $6.0 million
Globenewswire· 2026-01-27 14:28
Core Insights - Frequency Electronics, Inc. has received follow-on contracts valued at approximately $6 million from a major aerospace company for precision "g" compensated Oven-controlled Quartz Oscillators (OCXO) [1] - Additional contracts for over $2 million are anticipated within three months, indicating strong demand for the company's products in government software-defined radio systems [1][2] Company Overview - Frequency Electronics, Inc. is a leader in precision timing and frequency control products for both space and terrestrial applications, with products utilized in various sectors including military, government, and commercial systems [2] - The company has received over 100 awards for excellence in providing high-performance electronic assemblies for more than 150 space and Department of Defense programs [2] - The company emphasizes significant investment in research and development to expand its capabilities and market reach [2]
FEI-Zyfer Announces Contract Awards for Approximately $6.0 Million
Globenewswire· 2026-01-12 14:00
Garden Grove, Calif., Jan. 12, 2026 (GLOBE NEWSWIRE) -- FEI-Zyfer, Inc., a wholly-owned subsidiary of Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM), a leading provider of precision timing and frequency control products, is pleased to announce the receipt of contracts totaling approximately $6.0 million in two of our core business areas for Assured-PNT (Position Navigation and Timing) – for secure communications systems and for time, frequency, and synchronization distribution systems in ...
Freedom Capital Maintains Positive Outlook on Frequency Electronics (FEIM) Despite Q2 Results Short of Expectations
Yahoo Finance· 2026-01-09 11:31
Frequency Electronics Inc. (NASDAQ:FEIM) is one of the hot tech stocks to invest in. On December 16, Freedom Capital downgraded Frequency Electronics to Hold from Buy with a price target of $42, which was brought up from $33. This sentiment was announced as Frequency Electronics reported Q2 results that fell slightly short of expectations and prior-year profitability, yet the firm maintains a positive outlook based on an emerging operational recovery. While the satellite business is experiencing temporary ...
Frequency Electronics Inc. Awarded Contract for Geostationary Satellite Constellation
Globenewswire· 2026-01-06 14:00
MITCHEL FIELD, N.Y., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM), a leading provider of precision timing and frequency control products for space and terrestrial applications, is pleased to announce that it has been awarded a significant contract to provide precision time and frequency systems for a geostationary environmental satellite program. This contract is valued at approximately $9.2 million. It includes oscillators, frequency distribution unit ...
FEIM Downgraded to Neutral Amid Margin and Cash Headwinds
ZACKS· 2025-12-22 18:01
Frequency Electronics, Inc. (FEIM) , a niche leader in precision time and frequency control systems, has been downgraded from “Outperform” to “Neutral,” citing a mix of strategic achievements and financial constraints. While the company continues to innovate and expand in mission-critical defense applications, deteriorating margins and cash flow concerns have prompted a more cautious stance.Positive HighlightsStrong Defense Contract Momentum and Backlog GrowthIn late 2025, FEIM's subsidiary FEI-Zyfer receiv ...
FEIM Stock Up 29% Despite Q2 Earnings Dip Y/Y on Contract Delays
ZACKS· 2025-12-17 16:30
Shares of Frequency Electronics, Inc. (FEIM) have gained 29.2% since the company reported its earnings for the quarter ended Oct. 31, 2025. This compares to the S&P 500 index’s 1.2% decline over the same time frame. Over the past month, the stock has gained 61.4% compared with the S&P 500’s 3.4% growth. The outperformance underscores positive investor sentiment following the company's second-quarter fiscal 2026 results.For the second quarter of fiscal 2026, Frequency Electronics reported a net income of 18 ...
Frequency Electronics: The Growth Story Is Just Beginning (NASDAQ:FEIM)
Seeking Alpha· 2025-12-17 16:06
Company Overview - Frequency Electronics, Inc (FEIM) is a leader in precision time and frequency generation technology [1] - This technology is utilized in various commercial and US government applications, including satellites and electronic warfare systems [1] Industry Applications - The technology developed by FEIM is integrated into Command, Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance (C4ISR) systems, which encompass drones and missiles [1]
Frequency Electronics: The Growth Story Is Just Beginning
Seeking Alpha· 2025-12-17 16:06
Company Overview - Frequency Electronics, Inc (FEIM) is a leader in precision time and frequency generation technology [1] - The technology is utilized in various commercial and US government applications, including satellites and electronic warfare systems [1] Industry Applications - FEIM's technology is integrated into Command, Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance (C4ISR) systems, which encompass drones and missiles [1]
Frequency Electronics(FEIM) - 2026 Q2 - Quarterly Report
2025-12-15 21:19
Financial Performance - Revenues for the three months ended October 31, 2025, increased to $17,127 thousand, up 8.2% from $15,820 thousand in the same period last year[14] - Net income for the three months ended October 31, 2025, was $1,801 thousand, down 32.2% from $2,654 thousand in the prior year[14] - Total operating income for the three months ended October 31, 2025, was $1.7 million, down from $2.6 million in the same period of 2024, a decline of 34.6%[42] - Operating income for the three months ended October 31, 2025, was $1,714,000, a decrease of 34.5% from $2,618,000 in the prior year[77] - The effective tax rate for the three months ended October 31, 2025, was an income tax benefit of 1.73% on pretax income of $1.8 million, compared to an income tax provision of 4.96% on pretax income of $2.8 million in the prior year[84] Assets and Liabilities - Total current assets decreased to $50,919 thousand as of October 31, 2025, from $53,106 thousand as of April 30, 2025, reflecting a decline of 4.1%[12] - Total liabilities decreased to $33,800 thousand as of October 31, 2025, down 11.8% from $38,117 thousand as of April 30, 2025[12] - Total identifiable assets as of October 31, 2025, were $92.3 million, slightly down from $93.7 million as of April 30, 2025[45] - The total lease liabilities as of October 31, 2025, amounted to $8.4 million, a decrease from $8.8 million as of April 30, 2025[34] Cash Flow - The company reported a net cash provided by operating activities of $638 thousand for the six months ended October 31, 2025, compared to $2,352 thousand in the prior year, a decline of 72.9%[17] - Net cash provided by operating activities decreased to approximately $0.6 million for the six months ended October 31, 2025, down from $2.4 million in the prior year, primarily due to timing of billings and cash collections[87] - Net cash used in investing activities increased to approximately $1.4 million for the six months ended October 31, 2025, compared to $0.8 million in the prior year, all related to capital expenditures[88] Research and Development - Research and development expenses for the six months ended October 31, 2025, were $2,332 thousand, down 24.8% from $3,101 thousand in the same period last year[14] - Research and development (R&D) expenses for the three months ended October 31, 2025, were $1,199,000, a decrease of 25.7% from $1,613,000 in the prior year[76] - The company plans to continue investing in R&D to maintain competitiveness in time and frequency technology[76] - The company plans to continue investing in R&D for products related to space applications and communication systems, anticipating additional customer funding for these activities[93] Stockholder Equity and Dividends - Total stockholders' equity increased to $58,455 thousand as of October 31, 2025, up from $55,620 thousand as of April 30, 2025, reflecting a growth of 3.3%[12] - The company did not pay any dividends during the six months ended October 31, 2025, compared to $9,567 thousand in the same period last year[17] - The company declared a special cash dividend of $1.00 per share, totaling approximately $9.6 million, paid on August 29, 2024[25] Inventory and Expenses - Inventory as of October 31, 2025, totaled $24,682,000, an increase from $23,487,000 as of April 30, 2025[31] - Selling, general, and administrative (SG&A) expenses for the three months ended October 31, 2025, were $3,623,000, an increase of 6.9% from $3,388,000 in the prior year, representing approximately 21% of consolidated revenues[75] - SG&A expenses are expected to continue increasing through the remainder of fiscal year 2026 due to payroll-related expenses and investments in growth initiatives[75] Backlog and Future Outlook - The consolidated funded backlog was approximately $82 million as of October 31, 2025, compared to $70 million at April 30, 2025, with about 69% expected to be realized in the next twelve months[94] - The company believes its liquidity is adequate to meet short-term operating and investment needs through at least December 12, 2026[95] Other Financial Information - The company recognized $3.3 million and $7.4 million of contract liabilities as revenue during the three and six months ended October 31, 2025, respectively[26] - The company incurred warranty costs of $130,000 for the three months ended October 31, 2025, with an ending balance of warranty reserves at $557,000[61] - There were no changes in the company's internal control over financial reporting that materially affected its financial reporting during the fiscal quarter ended October 31, 2025[100] - The company does not have any off-balance sheet arrangements that could materially affect its financial condition or results[96]