Tianjin, China, July 11, 2025 (GLOBE NEWSWIRE) -- In a landmark appearance at Watches and Wonders 2025, Chinese horological powerhouse Seagull Watch has unveiled its flagship line of high-complication timepieces, marking a bold new chapter in the global luxury watch narrative. Known for offering Swiss-level mechanical precision at a fraction of the cost, Seagull’s presence signals a rising disruption in an industry long dominated by tradition and exclusivity. While Swiss manufactures continue to showcase si ...

MITCHEL FIELD, N.Y., July 11, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM), a leading provider of precision timing and frequency technology, would like to clarify a topic on yesterday’s earnings call. The Company discussed expected near-term revenue from its TURbO compact rubidium atomic clock. As a clarification, although the stated revenue expectation in FY2026 of $1M to $2M is accurate, that comment referred to orders already received since TURbO’s introduct ...

7月11日，小米官网管理团队页面显示，原小米集团副总裁、中国区总裁 王晓雁已升任高级副 总裁，位列排名第六 。 前五分别是创始人、董事长兼CEO雷军，联合创始人、副董事长林斌，合伙人、总裁卢伟冰， 联合创始人、高级副总裁刘德以及高级副总裁曾学忠。 履历信息显示，王晓雁生于1974年，1994年取得北京师范大学物理系学士学位，后在1999年 获得中国人民大学工商管理硕士学位。 其职业生涯早期，主要在中兴通讯（ZTE）任职（1999年-2005年）。2006年至2010年期间， 于北京天宇朗通通信设备有限公司担任销售高管。离开天宇朗通后，王晓雁于2010年至2019 年创立小辣椒手机品牌。 财报显示，王晓雁于2019年加入小米，先后担任中国区电商部、销售运营部、新零售部和运营 商部负责人，2022年他晋升为副总裁，兼任中国区总裁。小米集团对其评价是，为中国区新零 售业务的构建起到决定性作用。 多家媒体报道称，王晓雁的晋升或与今年小米手机业务的亮眼表现有关。 不过，就此榜单而言，前五名的品牌，实际激活量差距并不大，第一名的小米与第五名的苹果 实际激活量仅相差37.97万台，这说明其他手机厂商对小米手机在第二季度的激 ...

前五分别是创始人、董事长兼CEO雷军，联合创始人、副董事长林斌，合伙人、总裁卢伟冰，联合创始人、高级副总裁刘德以 及高级副总裁曾学忠。 履历信息显示，王晓雁生于1974年，1994年取得北京师范大学物理系学士学位，后在1999年获得中国人民大学工商管理硕士学 位。 其职业生涯早期，主要在中兴通讯（ZTE）任职（1999年-2005年）。2006年至2010年期间，于北京天宇朗通通信设备有限公司 担任销售高管。离开天宇朗通后，王晓雁于2010年至2019年创立小辣椒手机品牌。 7月11日，小米官网管理团队页面显示，原小米集团副总裁、中国区总裁王晓雁已升任高级副总裁，位列排名第六。 财报显示，王晓雁于2019年加入小米，先后担任中国区电商部、销售运营部、新零售部和运营商部负责人，2022年他晋升为副 总裁，兼任中国区总裁。小米集团对其评价是，为中国区新零售业务的构建起到决定性作用。 多家媒体报道称，王晓雁的晋升或与今年小米手机业务的亮眼表现有关。 7月8日，雷军曾在微博上转发了一份"供应链权威市场调研机构数据"。数据显示，2025年第二季度（W14-W26），小米以 16.63%的份额位居中国手机市场新机激活量榜 ...

Financial Data and Key Metrics Changes - For the fiscal year ended April 30, 2025, consolidated revenue was $69.8 million, up from $55.3 million in the prior fiscal year, representing a significant increase [8][10] - Gross profit increased due to higher revenue and improved gross margin, with operating income rising to $11.7 million from $5 million in the previous fiscal year [13][14] - Consolidated net income for the year was $23.7 million or $2.46 per share, compared to $5.6 million or $0.59 per share in the previous fiscal year [14] - The company's balance sheet reflects a strong working capital position of approximately $30 million and a current ratio of about 2.3:1, with no debt [15] Business Line Data and Key Metrics Changes - Revenue from commercial and U.S. Government satellite programs was approximately $40.9 million, accounting for 59% of total revenue, compared to $23.2 million or 42% in the prior fiscal year [9] - Revenue from non-space U.S. Government and DoD customers decreased to $26.5 million from $29 million, representing 38% of consolidated revenue compared to 52% previously [9] Market Data and Key Metrics Changes - The company is expanding its customer base beyond traditional prime contractors and is actively submitting bids alongside next-generation defense companies [5] - The company anticipates meaningful growth with traditional primes and is well-positioned to benefit from industry trends over the next five to ten years [5] Company Strategy and Development Direction - The company is focusing on several growth opportunities, including quantum sensing and alternative navigation technologies, which are expected to drive future growth [6][10] - The company is committed to maintaining technical excellence through increased R&D spending, which rose to $6.1 million from $3.4 million [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth driven by new legislation supporting space and defense programs, although they cautioned about variability in contract timing due to changes in administration [4][30] - The company expects to see additional revenue from contract awards flowing in over the coming quarters and years [4] Other Important Information - The company recorded a decrease in valuation allowance of approximately $13.9 million, primarily related to deferred tax assets [14] - Cash decreased by approximately $13.6 million, with dividends accounting for about $9.6 million of this decrease [15] Q&A Session Summary Question: Allocation of resources to growth opportunities - Management is actively pursuing proposals in various growth areas, with quantum sensors appearing particularly promising due to the vulnerability of GPS [21][22] Question: Adequacy of cash for increased R&D spending - Management is confident in their ability to fund increased R&D through internal funds and is exploring external funding options [24][25] Question: Short-term uncertainty and backlog variability - Management clarified that while there may be variability in future contracts, the current backlog of $70 million is solid [33][34] Question: Gross margin outlook - Management aims to maintain gross margins in the low to mid-40% range for the upcoming fiscal year [68] Question: Revenue opportunities from quantum sensing - Quantum sensing is expected to contribute less than 1% of overall revenue in the next fiscal year, with product revenue anticipated in about five years [70] Question: SG&A and R&D targets for 2026 - SG&A is expected to remain around 18% of revenue, while R&D is projected to be in the 6% to 9% range [79]

Financial Data and Key Metrics Changes - For the fiscal year ended April 30, 2025, consolidated revenue was $69.8 million, up from $55.3 million in the prior fiscal year, representing a significant increase [8] - Gross profit increased due to higher revenue and improved gross margin, with operating income rising to $11.7 million from $5 million in the previous year [13][14] - Consolidated net income for the year was $23.7 million or $2.46 per share, compared to $5.6 million or $0.59 per share in the previous fiscal year [14] - The company's fully funded backlog at April 2025 was approximately $70 million, down from $78 million in the previous fiscal year [14] Business Line Data and Key Metrics Changes - Revenue from commercial and U.S. Government satellite programs was approximately $40.9 million, accounting for 59% of total revenue, compared to $23.2 million or 42% in the prior fiscal year [8] - Revenue from non-space U.S. Government and DoD customers decreased to $26.5 million from $29 million, representing 38% of consolidated revenue compared to 52% in the prior year [9] Market Data and Key Metrics Changes - The company is expanding its customer base beyond traditional prime contractors and is actively submitting bids alongside next-generation defense companies [5] - The company anticipates meaningful growth with traditional prime contractors and is well-positioned to benefit from industry trends over the next five to ten years [5] Company Strategy and Development Direction - The company is focusing on several growth opportunities, including quantum sensing and alternative navigation technologies, which are expected to drive future growth [6][24] - The company is committed to maintaining technical excellence through increased R&D spending, which rose to $6.1 million from $3.4 million [12] - The company aims to maintain a gross margin of 40% or more in the upcoming fiscal year [72] Management's Comments on Operating Environment and Future Outlook - Management noted that while the recent quarter was strong, future quarters may not replicate this performance due to the lumpiness of contract awards [4] - There is variability in the timing of contracts due to changes in administration priorities, but the overall spending outlook remains positive [30][31] - Management expressed confidence in the company's ability to fund increased R&D spending through internal funds and external funding opportunities [25][26] Other Important Information - The company is debt-free and maintains a strong working capital position of approximately $30 million [15] - Cash decreased by approximately $13.6 million since the prior fiscal year end, primarily due to dividend payments and timing of billing [15][16] Q&A Session Summary Question: Allocation of resources to growth opportunities - Management is actively pursuing proposals in various growth areas and is in discussions with prime customers about capabilities [22][24] Question: Potential for growth in specific areas - Quantum sensor technology appears promising, with significant market potential, while Golden Dome also shows potential but with uncertain funding [24] Question: Adequacy of cash for increased R&D spending - Management is confident in having adequate cash to fund increased R&D, with a cautious approach to resource allocation [25] Question: Short-term uncertainty and backlog variability - Management clarified that the $70 million backlog is solid, with variability mainly concerning future contracts [34][35] Question: Revenue opportunities from quantum sensing - Quantum sensing is expected to contribute less than 1% of overall revenue in the next fiscal year, with product revenue anticipated five years out [73] Question: SG&A and R&D targets for future years - SG&A is expected to remain around 18% of revenue, while R&D is projected to be in the 6% to 9% range [83] Question: SDA bids and investment expenses - The SDA process is currently being rethought by the new administration, with potential developments expected within the next 9 to 12 months [86][87]

MITCHEL FIELD, N.Y., July 10, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three and twelve months ended April 30, 2025, of approximately $20.0 million and $69.8 million, respectively, compared to revenues of $15.6 million and $55.3 million, for the same period of fiscal year 2024, ended April 30, 2024. Operating income for the three and twelve months ended was $3.3 million and $11.7 million, respectively, compared to an operating ...

Awards & Recognition - The article highlights the results of the 2025 International Whisky Competition, specifically focusing on bourbon [1] - The article announces the "World's Best Bourbon" according to the 2025 International Whisky Competition [1]

Awards & Recognition - The article highlights the results of the 2025 International Whisky Competition, specifically focusing on bourbon [1] - It announces the "World's Best Bourbon" according to the competition [1]

Core Insights - Rebel Bourbon has announced the annual release of its award-winning Rebel 10-Year Single Barrel Bourbon, which is aged for a decade and bottled one barrel at a time, creating a unique flavor profile for each barrel [1][2][3] - The bourbon is bottled at 100 proof (50% ABV) with a limited allocation of 2,600 cases of 750mL bottles available at a minimum suggested retail price of $99.99 [1][2][3] Product Details - Rebel 10-Year Single Barrel is handcrafted according to a wheated recipe dating back to 1849, featuring a mash bill of 68% corn, 20% wheat, and 12% malt [4] - The bourbon presents a golden amber color with aromas of vanilla and dark fruits, complemented by flavors of caramel, citrus, and a smooth finish with a hint of spice [4] Industry Recognition - Rebel 10-Year Single Barrel has received multiple prestigious awards, including the Single Barrel American Whiskey of the Year at the 2025 Bartender Spirits Awards and double gold medals at the 2025 San Francisco World Spirits Competition [6][7][9] - The product has also earned a double platinum medal at the 2025 ASCOT Awards, showcasing its high quality and industry acclaim [9] Company Background - Rebel Bourbon is distilled in Bardstown, Kentucky, by Lux Row Distillers, with a focus on a wheated mash bill that celebrates bold originality and a rebellious spirit [7] - Luxco, the parent company, has been a leading producer and supplier of beverage alcohol products since 1958, operating multiple distilleries and offering a diverse portfolio of award-winning brands [8][10]