Board Change • 1h
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Lead Independent Director Jonathan Brolin was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 17
Full year 2026 earnings released: US$0.092 loss per share (vs US$2.46 profit in FY 2025) Full year 2026 results: US$0.092 loss per share (down from US$2.46 profit in FY 2025). Revenue: US$63.2m (down 9.4% from FY 2025). Net loss: US$903.0k (down 104% from profit in FY 2025). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 09
Frequency Electronics, Inc. to Report Fiscal Year 2026 Results on Jul 15, 2026 Frequency Electronics, Inc. announced that they will report fiscal year 2026 results at 4:00 PM, US Eastern Standard Time on Jul 15, 2026 Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €52.00, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 23x in the Electronic industry in Germany. Total returns to shareholders of 929% over the past three years. Aankondiging • Sep 12
Frequency Electronics, Inc. (NasdaqGM:FEIM) announces an Equity Buyback for $20 million worth of its shares. Frequency Electronics, Inc. announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its shares. Aankondiging • Aug 29
Frequency Electronics, Inc., Annual General Meeting, Oct 08, 2025 Frequency Electronics, Inc., Annual General Meeting, Oct 08, 2025. Location: 55 charles lindbergh boulevard, mitchel field, new york 11553, United States Board Change • Dec 30
High number of new directors CEO, President & Director Tom McClelland was the last director to join the board, commencing their role in 2024. Aankondiging • Dec 06
Frequency Electronics, Inc. Announces Appointment of Dr. Thomas McClelland to the Board of Directors Frequency Electronics, Inc. announced the appointment of its Chief Executive Officer, Dr. Thomas McClelland, to the Company's Board of Directors, effective immediately. Tom, a 40-year veteran of FEI, served as the Company's Interim President and CEO from July 8, 2022 through January 17, 2023, and has served as permanent President and CEO since then. Prior to that, Tom served as FEIs Chief Scientist and has led the Company's research and scientific efforts for over 20 years. He is one of the foremost experts in precision timing and space-related applications. He has the highest level of security clearance with the U.S. government and holds a PhD in physics from Columbia University. Board Change • Oct 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Jonathan Brolin was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 29
Frequency Electronics, Inc., Annual General Meeting, Oct 08, 2024 Frequency Electronics, Inc., Annual General Meeting, Oct 08, 2024. Location: 55 charles lindbergh boulevard, mitchel field, new york 11553, new york United States Aankondiging • Jul 30
Frequency Electronics, Inc. announced delayed annual 10-K filing On 07/29/2024, Frequency Electronics, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to €12.20, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 19x in the Electronic industry in Germany. Total returns to shareholders of 71% over the past three years. New Risk • Jul 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (€88.3m market cap, or US$95.8m). Reported Earnings • Jul 23
Full year 2024 earnings released: EPS: US$0.59 (vs US$0.59 loss in FY 2023) Full year 2024 results: EPS: US$0.59 (up from US$0.59 loss in FY 2023). Revenue: US$55.3m (up 36% from FY 2023). Net income: US$5.59m (up US$11.1m from FY 2023). Profit margin: 10% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 23
Frequency Electronics, Inc. Declares Special Cash Dividend, Payable on August 29, 2024 The Board of Directors of Frequency Electronics, Inc. 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. New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€92.1m market cap, or US$99.5m). Reported Earnings • Mar 15
Third quarter 2024 earnings released: EPS: US$0.014 (vs US$0.034 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.014 (up from US$0.034 loss in 3Q 2023). Revenue: US$13.7m (up 29% from 3Q 2023). Net income: US$130.0k (up US$446.0k from 3Q 2023). Profit margin: 0.9% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Dec 13
Second quarter 2024 earnings released: EPS: US$0.085 (vs US$0.25 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.085 (up from US$0.25 loss in 2Q 2023). Revenue: US$13.6m (up 52% from 2Q 2023). Net income: US$797.0k (up US$3.11m from 2Q 2023). Profit margin: 5.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Reported Earnings • Sep 15
First quarter 2024 earnings released: EPS: US$0.22 (vs US$0.34 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.22 (up from US$0.34 loss in 1Q 2023). Revenue: US$12.4m (up 51% from 1Q 2023). Net income: US$2.04m (up US$5.16m from 1Q 2023). Profit margin: 17% (up from net loss in 1Q 2023). Aankondiging • Aug 29
Frequency Electronics, Inc., Annual General Meeting, Oct 05, 2023 Frequency Electronics, Inc., Annual General Meeting, Oct 05, 2023, at 10:00 US Eastern Standard Time. Location: the offices of the Company, 55 Charles Lindbergh Boulevard, Mitchel Field, New York 11553 New York New York United States Agenda: To consider election of Four directors to serve until the next Annual Meeting of Stockholders and until their respective; to Ratification of the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending April 30, 2024; to Approval of the non-binding advisory vote on the compensation of the Company's Named Executive Officers; and to consider other matters if any. Reported Earnings • Jul 14
Full year 2023 earnings released: US$0.59 loss per share (vs US$0.94 loss in FY 2022) Full year 2023 results: US$0.59 loss per share (improved from US$0.94 loss in FY 2022). Revenue: US$40.8m (down 16% from FY 2022). Net loss: US$5.50m (loss narrowed 37% from FY 2022). Reported Earnings • Mar 19
Third quarter 2023 earnings released: US$0.034 loss per share (vs US$0.079 loss in 3Q 2022) Third quarter 2023 results: US$0.034 loss per share (improved from US$0.079 loss in 3Q 2022). Revenue: US$10.6m (down 13% from 3Q 2022). Net loss: US$316.0k (loss narrowed 57% from 3Q 2022). Board Change • Mar 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Lead Independent Director Jonathan Brolin was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 21
Frequency Electronics, Inc. Declares Special Cash Dividend, Payable on January 27, 2023 The Board of Directors of Frequency Electronics, Inc. declared a special cash dividend of $1.00 per share of common stock. The special dividend is payable on January 27, 2023, to stockholders of record as of the close of business on January 6, 2023. Based on the current number of shares outstanding, the total amount of the special dividend payment will be approximately $9.3 million. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Lead Independent Director Jonathan Brolin was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 15
First quarter 2023 earnings released: US$0.34 loss per share (vs US$0.17 loss in 1Q 2022) First quarter 2023 results: US$0.34 loss per share (further deteriorated from US$0.17 loss in 1Q 2022). Revenue: US$8.20m (down 37% from 1Q 2022). Net loss: US$3.12m (loss widened 98% from 1Q 2022). Aankondiging • Aug 31
Frequency Electronics, Inc., Annual General Meeting, Oct 06, 2022 Frequency Electronics, Inc., Annual General Meeting, Oct 06, 2022, at 10:00 US Eastern Standard Time. Agenda: To consider directorate elections; to consider Ratification of the appointment of BDO USA, LLP as the independent registered public accounting firm for the fiscal year ending April 30, 2023; and to consider Approval of the non-binding vote on executive compensation. Aankondiging • Jul 16
Frequency Electronics, Inc. Appoints Thomas McClelland to Serve as the Company’s Interim President Frequency Electronics, Inc. appointed Dr. Thomas McClelland to serve as the Company’s Interim President in addition to his existing positions and responsibilities with the Company, effective July 8, 2022. The Board of Directors of the Company, led by Gen. (ret.) Lance Lord, who was appointed as Chairman of the Board in May 2022, approved by resolution the reduction in the number of authorized directors of the Board of Directors of the Company from five to four, effective as of Dr. Sloane’s resignation from the Board of Directors of the Company. The Board of Directors is actively seeking to identify potential new candidates for Board membership. Dr. McClelland, 67, joined the Company as an engineer in 1984 and was elected Vice President of Commercial Products in 1999. In fiscal 2011, Dr. McClelland’s title was modified to Vice President of Advanced Development to describe his expanded role in the Company. He has served as Senior Vice President and Chief Scientist since January 2020. Reported Earnings • Jul 15
Full year 2022 earnings released: US$0.94 loss per share (vs US$0.074 profit in FY 2021) Full year 2022 results: US$0.94 loss per share (down from US$0.074 profit in FY 2021). Revenue: US$48.3m (down 11% from FY 2021). Net loss: US$8.66m (down US$9.34m from profit in FY 2021). Aankondiging • May 24
Frequency Electronics, Inc., Announces Availability of Advanced Technology Digital Rubidium Atomic Clock Frequency Electronics, Inc. announced that its next generation Digital Rubidium Atomic Clock has completed development and is available for space applications requiring extreme precision, long holdover and rapid recovery capability from radiation hazards in space, both natural and man-made. The DRAC incorporates an ultra-high stability oscillator with digital tuning capability that enables advanced system functionality such as clock ensembling and data-driven AI. Board Change • Apr 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Jonathan Brolin was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 12
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: US$0.079 loss per share (up from US$0.087 loss in 3Q 2021). Revenue: US$12.2m (up 4.9% from 3Q 2021). Net loss: US$735.0k (loss narrowed 8.1% from 3Q 2021). Revenue missed analyst estimates by 8.0%. Reported Earnings • Dec 10
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: EPS: US$0.054 (up from US$0.036 in 2Q 2021). Revenue: US$12.9m (down 7.5% from 2Q 2021). Net income: US$497.0k (up 51% from 2Q 2021). Profit margin: 3.8% (up from 2.4% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.0%. Board Change • Dec 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Jonathan Brolin was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 15
First quarter 2022 earnings released: US$0.17 loss per share (vs US$0.029 loss in 1Q 2021) The company reported a poor first quarter result with increased losses and weaker control over costs, although revenues were flat. First quarter 2022 results: Revenue: US$13.0m (flat on 1Q 2021). Net loss: US$1.58m (loss widened US$1.31m from 1Q 2021). Reported Earnings • Jul 01
Full year 2021 earnings released: EPS US$0.074 (vs US$1.11 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$54.3m (up 31% from FY 2020). Net income: US$680.0k (up US$10.7m from FY 2020). Profit margin: 1.3% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Reported Earnings • Mar 13
Third quarter 2021 earnings released: US$0.087 loss per share (vs US$0.17 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$11.7m (up 21% from 3Q 2020). Net loss: US$800.0k (loss narrowed 48% from 3Q 2020). Aankondiging • Feb 25
Frequency Electronics Announces Award of A Contract for High Performance Oscillators & Frequency Generation Units Frequency Electronics, Inc. announced the selection of its high performance oscillators and microwave frequency generation units for ultimate application on a key US government satellite system. This first phase contract is valued at approximately $17M, with a four year period of performance. A Phase 2 follow-on contract for additional flight units is anticipated. Aankondiging • Feb 10
Frequency Electronics, Inc. Wins Contract for Next Generation Rubidium Atomic Clock Frequency Electronics, Inc. announced the award of a contract for its digital Rubidium Atomic Clock, a next generation, high-precision frequency and timing source. Contract value is approximately $4.5 m. Details of the contract are not being released.