FREQUENCY ELECTRONICS INC (FEIM) Frequency Electronics, Inc. (FEIM) is a firm dedicated to the design, development, production, and sale of highly precise timing and frequency control products and their associated components. These specialized items are primarily intended for microwave integrated circuit applications. The company's operations are divided into two main segments. The FEI-NY segment is responsible for advanced timekeeping, frequency generation, and synchronization systems, which find utility in communication satellites, ground-based cellular telecommunication stations, and other similar terrestrial installations. This segment also supplies bespoke components and systems to the United States military. Meanwhile, the FEI-Zyfer segment focuses on crafting precision navigation and timing solutions. These solutions predominantly leverage Global Positioning System (GPS) technologies and are integrated into diverse platforms such as radar systems, airborne SIGINT/COMINT intelligence-gathering platforms, information networks, specialized test equipment, military command and control terminals, and satellite ground stations. The array of products offered by Frequency Electronics supports a wide spectrum of clients, including commercial and governmental satellite programs, and is crucial for secure communications, comprehensive C4ISR (Command, Control, Communication, Computer, Intelligence, Security and Reconnaissance) initiatives, and electronic warfare operations undertaken by the U.S. government across land-based, maritime, and airborne systems. To reach its global customer base, the company employs both direct sales channels and collaborates with independent sales organizations situated throughout the United States, Europe, and Asia. Established in 1961, Frequency Electronics, Inc. maintains its corporate headquarters in Mitchel Field, New York.
Sector: Instruments For Meas & Testing of Electricity & Elec Signals
Industry: Communication Equipment
Frequency Electronics, Inc. NASDAQ:FEIM Technology · Communication Equipment
Pre Pre-market +0.00% $60.22
Close $60.22 0.00% Now $60.22 PM VOL 623 $ Vol ≈ $38K RVOL 0.88x
Close $60.22 +11.03% AH $60.22 +0.00% vs close
Mkt Cap $678.88M
PM VOL 623 sh
$ Vol ≈$38K
RVOL 0.88×
Press Release
Frequency Electronics Announces Approximately $12 Million in New Contract Awards Supporting Space and Defense Programs
Frequency Electronics announced approximately $12 million in new contract awards supporting U.S. Government space and defense programs.
The awards span satellite architectures, naval oscillator applications, missile PNT subsystems, and resilient GPS receivers for a major defense contractor.
CEO Tom McClelland said the company expects meaningful follow-on orders from some or all of these contracts, citing years of growth ahead in its core space and defense businesses.
• 11d ago AI analysis › Press Release
Frequency Electronics Announces Chief Financial Officer Transition; Reaffirms Fiscal 2029 Financial Targets
Frequency Electronics elected Allen Kaplan as its new CFO effective November 1, 2026, succeeding Steven L. Bernstein, who retires the same day after 16 years with the company.
Kaplan brings over 21 years of defense-sector finance experience, most recently as VP of Finance and Business Operations at Leidos Defense Sector, with prior roles at Lockheed Martin from 2005 to 2016.
Alongside the transition, FEI reaffirmed its three-year targets: minimum revenue of $150 million, gross margin of 50%, and operating margin of 30% by the fiscal year ending April 30, 2029.
• 18d ago AI analysis › Press Release ● Major ⚠ 3
Frequency Electronics, Inc. Announces First Quarter of Fiscal Year 2027 Financial Results
Frequency Electronics reported record first quarter fiscal 2027 revenue of $23.5 million, up 70% year-over-year and 52% sequentially.
Diluted EPS was $0.41 versus $0.07 a year ago, with operating income of $5.2 million, gross margin near 46%, and operating margin above 22%.
Funded backlog reached a record $129 million, up 82% year-over-year, and management expressed increasing confidence in meeting or exceeding its $150 million annual revenue target by fiscal 2029.
The company is debt-free with $61.4 million in cash after a secondary offering completed during the quarter added roughly $73 million.
• 1mo ago AI analysis › Press Release
Frequency Electronics Announces First Quarter Fiscal 2027 Financial Results Conference Call: Thursday, September 10, 2026, at 4:30 PM ET
Frequency Electronics will hold a conference call to discuss first quarter fiscal 2027 results, for the quarter ended July 31, 2026, on Thursday, September 10, 2026, at 4:30 PM ET.
The call will be webcast in the Investor Relations section of the company's website, with dial-in access for domestic and international callers and a telephone replay available for one week.
This release is a scheduling announcement only; no financial results, guidance, or other corporate developments were disclosed.
• 2mo ago AI analysis › Press Release ● Major
Frequency Electronics Announces Pricing of Public Offering
Frequency Electronics priced a public offering of 1,739,131 shares at $57.50 per share for aggregate gross proceeds of approximately $100 million.
The company is selling 1,086,957 shares, while affiliates of board member Jonathan Brolin are selling 652,174 shares; underwriters have a 30-day option to purchase an additional 15% of shares.
Net proceeds to the company are intended for growth opportunities, capital expenditures, working capital and general corporate purposes, with the deal expected to close on July 30, 2026.
• 3mo ago AI analysis › Press Release ● Major ⚠ 3
Frequency Electronics Announces Proposed Public Offering
Frequency Electronics announced a proposed public offering totaling $100 million, consisting of $62.5 million in primary shares to be sold by the company and $37.5 million in shares to be sold by selling stockholders.
The selling stockholders include affiliates of board member Jonathan Brolin, representing a significant secondary sale component to the financing transaction.
FEI intends to use its net proceeds for growth opportunities, capital expenditures, and working capital, while Morgan Stanley and Craig-Hallum are acting as joint book-running managers.
• 3mo ago AI analysis › Press Release
Frequency Electronics Inc. Announces Space Mission Contract Award Valued at Approximately $8 million
Frequency Electronics secured an $8 million follow-on production contract for atomic clocks supporting lunar space missions.
The award comes just four months after the initial order from the same customer, highlighting rapid growth in the space exploration segment.
Management noted this repeat business supports planned gross margin expansion and underscores the company's competitive advantage in high-growth markets like deep space missions and alternative-PNT.
• 3mo ago AI analysis › Press Release
Frequency Electronics Inc. Announces Contract Awards Valued at Approximately $18 million
Frequency Electronics announced the receipt of multiple contract awards with a combined value of approximately $18 million.
The awards include an $11 million order from a new major aerospace prime contractor for a proliferated satellite program, alongside $7 million in follow-on production contracts for space oscillators and U.S. government programs.
Management views these wins, particularly the entry with a new prime contractor, as proof points for anticipated revenue growth and gross margin expansion over the next three years.
• 3mo ago AI analysis › Press Release ● Major ⚠ 3
Frequency Electronics, Inc. Announces Fourth Quarter and Fiscal Year 2026 Financial Results
Frequency Electronics reported fiscal 2026 revenue of $63.2 million with a net loss of $0.09 per share, reflecting restructuring charges and investments ahead of expected growth.
The company highlighted a record funded backlog of $111 million, up 59% year-over-year, and reaffirmed its three-year revenue target of at least $150 million representing a 34% CAGR.
Management established new profitability goals of 50% gross margin and 30% operating margin by fiscal 2029, noting adjusted operating margins reached 11% for the fiscal year excluding one-time items.
• 3mo ago AI analysis › Press Release
Frequency Electronics Announces Year End Fiscal 2026 Financial Results Conference Call: Wednesday, July 15, 2026, at 4:30 PM ET
Frequency Electronics (FEIM) will hold a conference call on Wednesday, July 15, 2026, at 4:30 PM ET to discuss fiscal year 2026 results ended April 30, 2026.
The call will be webcast by Issuer Direct Corporation and accessible via the company’s investor relations website or by dialing 888-506-0062 with access code 941406.
A replay will be available for one week following the call at 877-481-4010 with passcode 54269, and subsequently via the company website through October 15, 2026.
• 4mo ago AI analysis › Press Release
Frequency Electronics Inc. Announces New Contracts and Fiscal Year End Backlog that Exceeded $100 Million
Frequency Electronics announced $16 million in new contracts for oscillators and timing systems, including a significant entry into the space defense sector.
The company reported that its fiscal year-end backlog exceeded $100 million for the first time, marking a record high.
Management reaffirmed its long-term revenue guidance of at least $150 million within three years, citing the growing backlog and expansion into new end-markets as drivers for future growth.
• 5mo ago AI analysis › Press Release ● Major
Frequency Electronics Inc. Announces Three-Year Revenue Target of At Least $150 Million
Frequency Electronics announced a new long-term revenue target of at least $150 million by Fiscal 2029, implying a compound annual growth rate exceeding 30%.
CEO Tom McClelland cited record funded backlog and expanding end-markets in quantum sensing and space exploration as drivers for this new outlook, marking a shift from the company's prior no-guidance policy.
Management noted that Fiscal 2026 was a digestion year but confirmed that backlog growth is expected to translate into revenue expansion starting in Fiscal 2027.
• 6mo ago AI analysis › 
