Frequency Electronics Inc. (US3580101067)
XSTU 
Summary
US3580101067 Chart
FEIM's Q4 Earnings Rise Y/Y on Satellite Growth, Stock Down 10%
Frequency Electronics sees a year-over-year rise in Q4 earnings and reported its highest revenue in 25 years, driven by strong satellite sales, though near-term growth faces headwinds from shifting contract timelines.
Buy Frequency Electronics' Healthy Backlog On High-Precision Timing Applications
FEIM specializes in vertically integrated high-precision timing, synchronization, and navigation products. This is useful for aerospace, defense, and critical infrastructure. However, almost 98% of its revenues are government-dependent through satellite payloads and defense systems. So there are significant concentration risks. FEIM is also pivoting into quantum sensing, small-satellite constellations, GPS-denied navigation, hypersonics, and human-machine interfaces.
FEIM Posts Strong Q3 Earnings Y/Y Growth, Shares Up 10%
Frequency Electronics reports fiscal Q3 earnings of $1.60 per share, a significant increase year over year, driven by higher satellite payload revenues and improved margins despite government funding delays.
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Frequency Electronics Inc. Profile
| Communication Equipment Industry | Technology Sector | Thomas McClelland CEO | XSTU Exchange | US3580101067 ISIN |
| US Country | 200 Employees | 29 Aug 2024 Last Dividend | 2 Dec 1997 Last Split | 1 Sep 1983 IPO Date |
Overview
Frequency Electronics, Inc., established in 1961 and headquartered in Mitchel Field, New York, operates at the forefront of precision time and frequency control technology. Engaging in design, development, and manufacturing, the company focuses on creating sophisticated products and components for a broad range of applications, including microwave integrated circuit applications. It carries out operations through two main segments: FEI-NY and FEI-Zyfer, each offering unique technologies and solutions aimed at different markets, including satellite communications, military, secure communications, and wireline telecommunications. Marketed both directly and through a network of independent sales representatives, Frequency Electronics, Inc. has a global outreach spanning the United States, Europe, and Asia.
Products and Services
- Precision Time and Frequency Control Products:
Under the FEI-NY segment, these products are crucial for various applications such as communication satellites and terrestrial cellular telephone stations. They also find applications in ground-based telecommunication stations and are vital components for the U.S. military. This segment further handles design and technical support for satellite-oriented businesses.
- Global Positioning System Technologies:
The FEI-Zyfer segment specializes in offering cutting-edge GPS technologies suitable for secure communications in both government and commercial sectors. These technologies are applicable in a wide range of locator applications, underscoring the segment's pivotal role in enhancing navigation and security.
- Wireline Telecommunications Products:
Also within the FEI-Zyfer division, Frequency Electronics, Inc. extends its expertise to the wireline telecommunications sector with a focus on US5G solutions. This includes sales and support for products designed to elevate the reliability and performance of 5G networks, showcasing the company’s commitment to advancing telecommunications infrastructure.
Contact Information
