Summary
12.38 -0.28(-2.21%)09/16/2024
Frequency Electronics, Inc. (FEIM)
Frequency Electronics, Inc. (FEIM)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -2.21 | -7.86 | 4.20 | 34.82 | 20.00 | 95.37 | 28.70 | 1,802.43 |
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| Trading Data | ||
| Close | 12.38 | |
| Open | 12.68 | |
| High | 12.68 | |
| Low | 12.34 | |
| Volume | 7,040 | |
| Change | -0.28 | |
| Change % | -2.21 | |
| Avg Volume (20 Days) | 76,756 | |
| Volume/Avg Volume (20 Days) Ratio | 0.09 | |
| 52 Week Range | 6.45 - 14.50 | |
| Price vs 52 Week High | -14.62% | |
| Price vs 52 Week Low | 91.94% | |
| Range | 0.00 | |
| Gap Up/Down | 0.06 | |
Fundamentals | ||
| Market Capitalization (Mln) | 121 | |
| EBIDTA | 4,908,750 | |
| PE Ratio | 27.3714 | |
| PEG Ratio | 0.0000 | |
| WallStreet Target Price | 17.00 | |
| Book Value | 3.8660 | |
| Earnings Per Share | 0.3500 | |
| EPS Estimate Current Quarter | 0.0000 | |
| EPS Estimate Next Quarter | 0.0000 | |
| EPS Estimate Current Year | 0.0000 | |
| EPS Estimate Next Year | 0.0000 | |
| Diluted EPS (TTM) | 0.3500 | |
| Revenues | ||
| Profit Marging | 0.0610 | |
| Operating Marging (TTM) | -0.1302 | |
| Return on asset (TTM) | 0.0238 | |
| Return on equity (TTM) | 0.0931 | |
| Revenue TTM | 52,702,000 | |
| Revenue per share TTM | 5.6080 | |
| Quarterly Revenue Growth (YOY) | 0.0000 | |
| Quarterly Earnings Growth (YOY) | 0.3940 | |
| Gross Profit (TTM) | 8,599,000 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 27.3714 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 2.5404 | |
| Revenue Enterprise Value | 1.6698 | |
| EBITDA Enterprise Value | 25.4120 | |
| Shares | ||
| Shares Outstanding | 9,487,340 | |
| Shares Float | 6,592,849 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 11.96 | |
| Institutions (%) | 59.53 | |
09/11 11:51 EST - zacks.com
Frequency Electronics Q1 Earnings Rise Y/Y on Satellite Payload Growth
FEIM reports a strong Q1 for fiscal 2025, with EPS and revenues rising 14% and 22%, respectively. Growth in satellite payloads and improved margins offset a dip in government sales.
Frequency Electronics Q1 Earnings Rise Y/Y on Satellite Payload Growth
FEIM reports a strong Q1 for fiscal 2025, with EPS and revenues rising 14% and 22%, respectively. Growth in satellite payloads and improved margins offset a dip in government sales.
09/10 22:50 EST - seekingalpha.com
Frequency Electronics, Inc. (FEIM) Q1 2025 Earnings Call Transcript
Frequency Electronics, Inc. (NASDAQ:FEIM ) Q1 2025 Earnings Conference Call September 10, 2024 4:30 PM ET Company Participants Thomas McClelland - President and Chief Executive Officer Steven Bernstein - Chief Financial Officer Conference Call Participants George Marema - Pareto Ventures Jon Gruber - Gruber & Mcbaine Capital Management Tim Hasara - Sinnet Capital Management Operator Greetings, and welcome to the Frequency Electronics First Quarter Fiscal 2025 Earnings Release Conference Call. At this time, all participants are in a listen-only mode.
Frequency Electronics, Inc. (FEIM) Q1 2025 Earnings Call Transcript
Frequency Electronics, Inc. (NASDAQ:FEIM ) Q1 2025 Earnings Conference Call September 10, 2024 4:30 PM ET Company Participants Thomas McClelland - President and Chief Executive Officer Steven Bernstein - Chief Financial Officer Conference Call Participants George Marema - Pareto Ventures Jon Gruber - Gruber & Mcbaine Capital Management Tim Hasara - Sinnet Capital Management Operator Greetings, and welcome to the Frequency Electronics First Quarter Fiscal 2025 Earnings Release Conference Call. At this time, all participants are in a listen-only mode.
09/10 16:05 EST - globenewswire.com
Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2025 Financial Results
MITCHEL FIELD, N.Y., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the first quarter ended July 31, 2024, of approximately $15.1 million, compared to revenues of $12.4 million, for the same period of fiscal year 2024, ended July 31, 2023. Operating income for the first quarter of fiscal year 2025 was $2.4 million compared to operating income of $2.1 million for the same period of fiscal year 2024. Net Income from operations was $2.4 million or $0.25 per diluted share compared to a net income from operations of $2.0 million or $0.22 per diluted share for the first quarter of fiscal year 2024.
Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2025 Financial Results
MITCHEL FIELD, N.Y., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the first quarter ended July 31, 2024, of approximately $15.1 million, compared to revenues of $12.4 million, for the same period of fiscal year 2024, ended July 31, 2023. Operating income for the first quarter of fiscal year 2025 was $2.4 million compared to operating income of $2.1 million for the same period of fiscal year 2024. Net Income from operations was $2.4 million or $0.25 per diluted share compared to a net income from operations of $2.0 million or $0.22 per diluted share for the first quarter of fiscal year 2024.
09/06 12:17 EST - globenewswire.com
Frequency Electronics Announces First Quarter Fiscal 2025 Financial Results Conference Call: Tuesday, September 10, 2024, at 4:30 PM ET
MITCHEL FIELD, N.Y., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the first quarter of its fiscal year 2025, ended July 31, 2024, on Tuesday, September 10, 2024, at 4:30 PM Eastern Time.
Frequency Electronics Announces First Quarter Fiscal 2025 Financial Results Conference Call: Tuesday, September 10, 2024, at 4:30 PM ET
MITCHEL FIELD, N.Y., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the first quarter of its fiscal year 2025, ended July 31, 2024, on Tuesday, September 10, 2024, at 4:30 PM Eastern Time.
09/06 07:48 EST - globenewswire.com
Frequency Electronics, Inc. Announces Inaugural Quantum Sensing Summit: A Pioneering Event to Shape the Future of Quantum Technology
MITCHEL FIELD, N.Y., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Today Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is proud to announce the inaugural Quantum Sensing Summit, an exclusive gathering of the brightest minds, leading industry players, and key government decision-makers dedicated to advancing the field of quantum sensing. As both host and sponsor, Frequency Electronics is committed to driving innovation and transforming research discoveries into real-world applications.
Frequency Electronics, Inc. Announces Inaugural Quantum Sensing Summit: A Pioneering Event to Shape the Future of Quantum Technology
MITCHEL FIELD, N.Y., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Today Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is proud to announce the inaugural Quantum Sensing Summit, an exclusive gathering of the brightest minds, leading industry players, and key government decision-makers dedicated to advancing the field of quantum sensing. As both host and sponsor, Frequency Electronics is committed to driving innovation and transforming research discoveries into real-world applications.
08/15 02:23 EST - seekingalpha.com
Frequency Electronics Thriving In The Paradigm Shift In The Satellite Industry
Frequency Electronics designs precision time and frequency generation technology for satellites and secure communication, with the majority of revenue coming from U.S. government contracts. The paradigm shift in the satellite industry towards smaller, shorter-lifespan satellites is driving Frequency's success under new leadership. Robust 2024 fiscal year with record revenue, a backlog, and the potential for the stock price to double in the next 12 months.
Frequency Electronics Thriving In The Paradigm Shift In The Satellite Industry
Frequency Electronics designs precision time and frequency generation technology for satellites and secure communication, with the majority of revenue coming from U.S. government contracts. The paradigm shift in the satellite industry towards smaller, shorter-lifespan satellites is driving Frequency's success under new leadership. Robust 2024 fiscal year with record revenue, a backlog, and the potential for the stock price to double in the next 12 months.
07/30 10:01 EST - zacks.com
5 Microcaps with Exposure to Defense Spending
Global defense spending is perking up and these 5 microcaps may benefit.
5 Microcaps with Exposure to Defense Spending
Global defense spending is perking up and these 5 microcaps may benefit.
07/23 14:11 EST - zacks.com
Frequency Electronics' (FEIM) Q4 EPS Soars Y/Y, Revenues Rise
Frequency Electronics (FEIM) reports impressive fiscal Q4 results, with EPS surging to $0.28 from $0.03 last year and revenues rising 20% year over year to $15.6 million, driven by increased satellite payload demand.
Frequency Electronics' (FEIM) Q4 EPS Soars Y/Y, Revenues Rise
Frequency Electronics (FEIM) reports impressive fiscal Q4 results, with EPS surging to $0.28 from $0.03 last year and revenues rising 20% year over year to $15.6 million, driven by increased satellite payload demand.
07/22 19:41 EST - seekingalpha.com
Frequency Electronics, Inc. (FEIM) Q4 2024 Earnings Call Transcript
Frequency Electronics, Inc. (NASDAQ:FEIM ) Q4 2024 Earnings Call Transcript July 22, 2024 4:30 PM ET Company Participants Thomas McClelland - President and CEO Steve Bernstein - CFO Conference Call Participants Brett Reiss - Janney Montgomery Scott George Marema - Pareto Ventures Jason Ursaner - Bumbershoot Holdings Operator Greetings and welcome to the Frequency Electronics Year-End Fiscal 2024 Earnings Release Conference Call. At this time, all participants are in a listen-only mode.
Frequency Electronics, Inc. (FEIM) Q4 2024 Earnings Call Transcript
Frequency Electronics, Inc. (NASDAQ:FEIM ) Q4 2024 Earnings Call Transcript July 22, 2024 4:30 PM ET Company Participants Thomas McClelland - President and CEO Steve Bernstein - CFO Conference Call Participants Brett Reiss - Janney Montgomery Scott George Marema - Pareto Ventures Jason Ursaner - Bumbershoot Holdings Operator Greetings and welcome to the Frequency Electronics Year-End Fiscal 2024 Earnings Release Conference Call. At this time, all participants are in a listen-only mode.
07/22 16:18 EST - globenewswire.com
Frequency Electronics, Inc. Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results
MITCHEL FIELD, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- Mitchel Field, NY, July 22, 2024 – Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three and twelve-month periods of fiscal year 2024, ended April 30, 2024, of approximately $15.6 million and $55.3 million, respectively, compared to revenues of $13.0 million and $40.8 million, respectively, for the same periods of fiscal year 2023, ended April 30, 2023. Operating income for the fourth quarter of fiscal year 2024 was $2.5 million compared to an operating income of $0.4 million for the same period of fiscal year 2023. Operating income for the twelve months ended April 30, 2024 was $5.0 million compared to an operating loss of $4.7 million for the twelve months ended April 30, 2023. Net income for the three months ended April 30, 2024 was $2.6 million or $0.28 per diluted share and net income for the twelve months ended April 30, 2024 was $5.6 million or $0.59 per diluted share, compared to net income of $0.2 million or $0.03 per diluted share for the three months ended April 30, 2023 and net loss of $5.5 million or ($0.59) per diluted share for the twelve months ended April 30, 2023. 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 August 29, 2024, to stockholders of record as of the close of business on August 8, 2024. Please see that release for further details.
Frequency Electronics, Inc. Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results
MITCHEL FIELD, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- Mitchel Field, NY, July 22, 2024 – Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three and twelve-month periods of fiscal year 2024, ended April 30, 2024, of approximately $15.6 million and $55.3 million, respectively, compared to revenues of $13.0 million and $40.8 million, respectively, for the same periods of fiscal year 2023, ended April 30, 2023. Operating income for the fourth quarter of fiscal year 2024 was $2.5 million compared to an operating income of $0.4 million for the same period of fiscal year 2023. Operating income for the twelve months ended April 30, 2024 was $5.0 million compared to an operating loss of $4.7 million for the twelve months ended April 30, 2023. Net income for the three months ended April 30, 2024 was $2.6 million or $0.28 per diluted share and net income for the twelve months ended April 30, 2024 was $5.6 million or $0.59 per diluted share, compared to net income of $0.2 million or $0.03 per diluted share for the three months ended April 30, 2023 and net loss of $5.5 million or ($0.59) per diluted share for the twelve months ended April 30, 2023. 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 August 29, 2024, to stockholders of record as of the close of business on August 8, 2024. Please see that release for further details.
07/22 16:16 EST - globenewswire.com
Frequency Electronics, Inc. Declares Special Cash Dividend of $1.00 Per Share
MITCHEL FIELD, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- Today the Board of Directors of Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) declared a special cash dividend of $1.00 per share of common stock. The special dividend is payable on August 29, 2024, to stockholders of record as of the close of business on August 8, 2024. Based on the current number of shares outstanding, the total amount of the special dividend payment will be approximately $9.4 million.
Frequency Electronics, Inc. Declares Special Cash Dividend of $1.00 Per Share
MITCHEL FIELD, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- Today the Board of Directors of Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) declared a special cash dividend of $1.00 per share of common stock. The special dividend is payable on August 29, 2024, to stockholders of record as of the close of business on August 8, 2024. Based on the current number of shares outstanding, the total amount of the special dividend payment will be approximately $9.4 million.
07/19 13:51 EST - globenewswire.com
Frequency Electronics Announces Year End Fiscal 2024 Financial Results Conference Call: Monday, July 22, 2024, at 4:30 PM ET
MITCHEL FIELD, N.Y., July 19, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its fiscal year 2024, ended April 30, 2024, on Monday, July 22, 2024, at 4:30 PM Eastern Time.
Frequency Electronics Announces Year End Fiscal 2024 Financial Results Conference Call: Monday, July 22, 2024, at 4:30 PM ET
MITCHEL FIELD, N.Y., July 19, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for its fiscal year 2024, ended April 30, 2024, on Monday, July 22, 2024, at 4:30 PM Eastern Time.
06/11 09:00 EST - zacks.com
Zacks Initiates Coverage of Frequency Electronics With Outperform Recommendation
Discover why Zacks rates Frequency Electronics as "Outperform," being the first on Wall Street to initiate coverage on the stock. Explore its impressive revenue growth, strategic market positioning, improved operational efficiency and robust liquidity, setting it up for strong future performance.
Zacks Initiates Coverage of Frequency Electronics With Outperform Recommendation
Discover why Zacks rates Frequency Electronics as "Outperform," being the first on Wall Street to initiate coverage on the stock. Explore its impressive revenue growth, strategic market positioning, improved operational efficiency and robust liquidity, setting it up for strong future performance.
03/15 09:14 EST - globenewswire.com
Frequency Electronics Issues a Clarification to Yesterday's Earnings Call
MITCHEL FIELD, N.Y., March 15, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM). On yesterday's earnings call, the Company discussed program charges that adversely affected its gross margins for the quarter ended January 31, 2024. As a result of percentage of completion accounting, these charges included a temporary reversal of revenue. The Company expects to recover approximately $1.2 million of this revenue during this calendar year. Because the costs have been conservatively estimated and already charged, when this revenue is realized, the Company estimates that it will be at normal or higher than average corporate gross margins.
Frequency Electronics Issues a Clarification to Yesterday's Earnings Call
MITCHEL FIELD, N.Y., March 15, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM). On yesterday's earnings call, the Company discussed program charges that adversely affected its gross margins for the quarter ended January 31, 2024. As a result of percentage of completion accounting, these charges included a temporary reversal of revenue. The Company expects to recover approximately $1.2 million of this revenue during this calendar year. Because the costs have been conservatively estimated and already charged, when this revenue is realized, the Company estimates that it will be at normal or higher than average corporate gross margins.
03/14 16:01 EST - globenewswire.com
Frequency Electronics, Inc. Announces Third Quarter and Fiscal Year 2024 Financial Results
MITCHEL FIELD, N.Y., March 14, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three-month and nine-month periods of fiscal 2024, ended January 31, 2024, of approximately $13.7 million and $39.7 million, respectively, compared to revenues of $10.6 million and $27.8 million, respectively, for the same periods of fiscal year 2023, ended January 31, 2023. Operating loss for the third quarter of fiscal year 2024 was $0.5 million compared to an operating income of $0.3 million for the same period of fiscal year 2023. Operating Income for the nine months ended January 31, 2024 was $2.5 million compared to an operating loss of $5.1 million for the nine months ended January 31, 2023. Net Income from operations for the three and nine months ended January 31, 2024 was $0.1 million or $0.01 per diluted share and $3.0 million or $0.32 per diluted share, respectively, compared to net losses from operations for the three and nine month ended January 31, 2023 of $0.3 million or ($0.03) per diluted share and $5.7 million or ($0.62) per diluted share, respectively.
Frequency Electronics, Inc. Announces Third Quarter and Fiscal Year 2024 Financial Results
MITCHEL FIELD, N.Y., March 14, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three-month and nine-month periods of fiscal 2024, ended January 31, 2024, of approximately $13.7 million and $39.7 million, respectively, compared to revenues of $10.6 million and $27.8 million, respectively, for the same periods of fiscal year 2023, ended January 31, 2023. Operating loss for the third quarter of fiscal year 2024 was $0.5 million compared to an operating income of $0.3 million for the same period of fiscal year 2023. Operating Income for the nine months ended January 31, 2024 was $2.5 million compared to an operating loss of $5.1 million for the nine months ended January 31, 2023. Net Income from operations for the three and nine months ended January 31, 2024 was $0.1 million or $0.01 per diluted share and $3.0 million or $0.32 per diluted share, respectively, compared to net losses from operations for the three and nine month ended January 31, 2023 of $0.3 million or ($0.03) per diluted share and $5.7 million or ($0.62) per diluted share, respectively.
03/13 07:39 EST - globenewswire.com
Frequency Electronics Announces 3rd Quarter Financial Results Conference Call: Thursday, March 14, 2024, at 4:30 PM ET
MITCHEL FIELD, N.Y., March 13, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the third quarter of its fiscal year 2024, ended January 31, 2024, on Thursday, March 14, 2024, at 4:30 PM Eastern Time.
Frequency Electronics Announces 3rd Quarter Financial Results Conference Call: Thursday, March 14, 2024, at 4:30 PM ET
MITCHEL FIELD, N.Y., March 13, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ: FEIM), will hold a conference call to discuss results for the third quarter of its fiscal year 2024, ended January 31, 2024, on Thursday, March 14, 2024, at 4:30 PM Eastern Time.
02/19 01:56 EST - seekingalpha.com
Frequency Electronics: The Upturn In Business Is Not Yet Reflected In Price
Frequency Electronics has announced a series of contracts totaling $44 million in a single month, which, if delivered as intended, could significantly increase revenue. Management expects gross margins to reach 50% within the next year, which, combined with the revenue growth, could lead to substantial earnings growth. A change in management in 2022 has led to a significant increase in revenues, margins, and profitability.
Frequency Electronics: The Upturn In Business Is Not Yet Reflected In Price
Frequency Electronics has announced a series of contracts totaling $44 million in a single month, which, if delivered as intended, could significantly increase revenue. Management expects gross margins to reach 50% within the next year, which, combined with the revenue growth, could lead to substantial earnings growth. A change in management in 2022 has led to a significant increase in revenues, margins, and profitability.
12/12 21:53 EST - investorplace.com
FEIM Stock Earnings: Frequency Electronics Reported Results for Q2 2024
Frequency Electronics (NASDAQ: FEIM ) just reported results for the second quarter of 2024. Frequency Electronics reported earnings per share of 8 cents.
FEIM Stock Earnings: Frequency Electronics Reported Results for Q2 2024
Frequency Electronics (NASDAQ: FEIM ) just reported results for the second quarter of 2024. Frequency Electronics reported earnings per share of 8 cents.
12/12 21:05 EST - seekingalpha.com
Frequency Electronics, Inc. (FEIM) Q2 2024 Earnings Call Transcript
Frequency Electronics, Inc. (NASDAQ:FEIM ) Q2 2024 Earnings Call Transcript December 12, 2023 4:30 PM ET Company Participants Thomas McClelland - President and CEO Steve Bernstein - CFO Conference Call Participants Brett Reiss - Janney Tim Hasara - Sinnet Capital George Marema - Pareto Ventures Jeffrey Cohen - Mulholland Capital Management Operator Greetings and welcome to the Frequency Electronics Q2 Fiscal ‘24 Earnings Release Conference Call. At this time all participants are in a listen-only mode.
Frequency Electronics, Inc. (FEIM) Q2 2024 Earnings Call Transcript
Frequency Electronics, Inc. (NASDAQ:FEIM ) Q2 2024 Earnings Call Transcript December 12, 2023 4:30 PM ET Company Participants Thomas McClelland - President and CEO Steve Bernstein - CFO Conference Call Participants Brett Reiss - Janney Tim Hasara - Sinnet Capital George Marema - Pareto Ventures Jeffrey Cohen - Mulholland Capital Management Operator Greetings and welcome to the Frequency Electronics Q2 Fiscal ‘24 Earnings Release Conference Call. At this time all participants are in a listen-only mode.
12/12 16:05 EST - globenewswire.com
Frequency Electronics, Inc. Announces Second Quarter and Fiscal Year 2024 Financial Results
MITCHEL FIELD, N.Y., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and six-month periods of fiscal 2024, ended October 31, 2023, of approximately $13.6 million and $26.0 million, respectively, compared to revenues of $8.9 million and $17.2 million, respectively, for the same periods of fiscal year 2023, ended October 31, 2022. Operating income for the second quarter of fiscal year 2024 was $0.9 million compared to an operating loss of $2.3 million for the same period of fiscal year 2023. Operating Income for the six months ended October 31, 2023 was $3.0 million compared to an operating loss of $5.4 million for the six months ended October 31, 2022. Net Income from operations for the three and six months ended October 31, 2023 was $0.8 million or $0.08 per diluted share and $2.9 million or $0.30 per diluted share, respectively, compared to net losses from operations for the three and six month ended October 31, 2022 of $2.3 million or ($0.25) per diluted share and $5.4 million or ($0.58) per diluted share, respectively.
Frequency Electronics, Inc. Announces Second Quarter and Fiscal Year 2024 Financial Results
MITCHEL FIELD, N.Y., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three- and six-month periods of fiscal 2024, ended October 31, 2023, of approximately $13.6 million and $26.0 million, respectively, compared to revenues of $8.9 million and $17.2 million, respectively, for the same periods of fiscal year 2023, ended October 31, 2022. Operating income for the second quarter of fiscal year 2024 was $0.9 million compared to an operating loss of $2.3 million for the same period of fiscal year 2023. Operating Income for the six months ended October 31, 2023 was $3.0 million compared to an operating loss of $5.4 million for the six months ended October 31, 2022. Net Income from operations for the three and six months ended October 31, 2023 was $0.8 million or $0.08 per diluted share and $2.9 million or $0.30 per diluted share, respectively, compared to net losses from operations for the three and six month ended October 31, 2022 of $2.3 million or ($0.25) per diluted share and $5.4 million or ($0.58) per diluted share, respectively.