Frequency Elcts Inc (FEIM) 11.01 $FEIM
Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2017 Results
GlobeNewswire - Wed Sep 14, 3:09PM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the first quarter of fiscal 2017, which ended July 31, 2016, of $12.7 million as compared to $16.7 million in the same quarter of fiscal 2016. The Company recorded operating loss of $796,000 for the quarter ended July 31, 2016, compared to an operating profit of $941,000 in the first quarter of fiscal 2016. Net loss for the first quarter of fiscal 2017 was $706,000 or ($0.08) per diluted share compared to net income of $891,000 or $0.10 per diluted share for the first quarter of the prior year.
FEIM: 11.01 (+0.51)
Frequency Electronics Announces Agreement with Privet Fund and the Addition of Two New Board Members
GlobeNewswire - Tue Sep 13, 4:07PM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) announced that it has reached an agreement with Privet Fund LP, Privet Fund Management LLC and Ryan Levenson (collectively, the "Privet Group"
. Frequency has expanded the size of the Board from seven to eight directors and appointed Mr. Levenson and General Lance Lord to fill the two vacancies on the Board. Each of Mr. Levenson and General Lance W. Lord, USAF (ret) will have a term that will expire at Frequency's 2016 Annual Meeting and will be included in Frequency's slate of director nominees for election at Frequency's 2016 Annual Meeting. The Agreement between Frequency and the Privet Group contains customary standstill provisions. Subject to certain exceptions, if the standstill period has not expired on the first day of the advanced notice period for shareholders to nominate directors for election at Frequency's 2017 Annual Meeting, Frequency also will include Mr. Levenson and General Lord in Frequency's slate of director nominees for election at Frequency's 2017 Annual Meeting.
AJRD: 17.59 (-0.01), FEIM: 11.01 (+0.51)
Frequency Electronics Announces Earnings Conference Call; Monday, September 19, 2016, at 1:30 PM ET
GlobeNewswire - Tue Sep 13, 6:59AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for the first quarter of its fiscal year 2017, ended July 31, 2016, on Monday, September 19, 2016, at 1:30 PM Eastern Time.
FEIM: 11.01 (+0.51)
Frequency Electronics Inc. Awarded Multi-Satellite Payload Contract
GlobeNewswire - Thu Sep 08, 10:52AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has received and commenced engineering design work on a new multi-satellite payload contract valued in excess of $6m. FEI will supply the master timing system and microwave frequency sources for satellites in a non-domestic advanced secure communication satellite constellation. These assemblies provide state-of-the-art levels of frequency stability as well as exceptionally low phase-noise characteristics. The capabilities provided by these next-generation space assemblies enable satellites to meet the ever-increasing demands for high throughput secure data. Under the present contract the major portion of the work will be completed over the next eighteen months, with options for additional flight sets to follow.
FEIM: 11.01 (+0.51)
Frequency Electronics Corrects Announcement of Addition of Two New Board Members
GlobeNewswire - Thu Aug 25, 2:48PM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) today announced a correction to its press release issued on August 24, 2016, titled "Frequency Electronics, Inc. Announces the Addition of Two New Board Members." In the press release, one of the names of the new directors was misstated as Dr. Yacov A. Shamash and is corrected to indicate that the two new directors are Dr. Stanton D. Sloane and Russell Sarachek. The Board of Directors had identified Mr. Shamash as an attractive prospective independent director, but, because Mr. Shamash indicated that, as an employee of a New York state university, to serve on a board of directors he would first be required to obtain approval both from his university and the New York State Ethics Commission, the Board of Directors determined to consider Mr. Shamash as a potential director if and when he secures the required approvals.
CMTL: 13.35 (+0.16), FEIM: 11.01 (+0.51)
Frequency Electronics, Inc. Announces the Addition of Two New Board Members
GlobeNewswire - Wed Aug 24, 10:47AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) announced that the size of its Board of Directors has been increased from five to seven members, and two new board members have been appointed. Joining the Board of Directors is Dr. Stanton D. Sloane and Dr. Yacov A. Shamash.
CMTL: 13.35 (+0.16), FEIM: 11.01 (+0.51)
Hynes Keller & Hernandez, LLC Announces Investigations of M/A-Com Technology Solutions, Inc., Frequency Electronics Inc., and The Bancorp, Inc.
PR Newswire - Thu Jun 09, 6:08AM CDT
M/A-Com Technology Solutions Holdings, Inc. ("M/A-Com" Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of M/A-Com (NASDAQ: MTSI) concerning possible breaches of fiduciary duty relating to certain improper acquisitions by M/A-Com.
MTSI: 42.46 (+0.64), FEIM: 11.01 (+0.51), TBBK: 6.17 (+0.06)
Frequency Electronics Inc. Awarded High Throughput Satellite Payload Contract
GlobeNewswire - Wed May 25, 9:30AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a contract in excess of $5 million to supply master timing and frequency generation systems for a high throughput satellite. The satellite will operate at Ka band with extremely high throughput along with enhanced bandwidth flexibility and economy to meet dual Government mobile bandwidth and other commercial demand. Frequency's ultra-stable timing sources combined with exceptionally low noise frequency generators enable the outstanding performance of the payload. Work on this satellite and other payload projects, as previously reported, had been anticipated to commence in 2015. The contract now calls for completion in under 18 months.
FEIM: 11.01 (+0.51)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Into Possible Violations of Delaware Law by Certain Officers and Directors of Frequency Electronics Inc.
BusinessWire - Fri May 20, 1:39PM CDT
Levi & Korsinsky announces it has commenced an investigation of Frequency Electronics Inc. (NASDAQ: FEIM) concerning possible violations of Delaware law. To obtain additional information about the investigation, go to:
FEIM: 11.01 (+0.51)
Frequency Electronics Appoints New Chief Financial Officer
GlobeNewswire - Fri Apr 29, 9:00AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) (the Company) today announced the Board of Directors appointed Steven Bernstein as its Chief Financial Officer (CFO). Steven Bernstein is a Certified Public Accountant with an extensive 15 year background in financial reporting, budgeting, internal controls, risk management and auditing. During the 5 year period prior to joining Frequency Electronics in 2010 he worked in the North America accounting group of a Fortune 500 electronics distributor. Steve Bernstein succeeds Alan Miller, Frequency's former Chief Financial Officer (CFO), who after 20 years of dedicated and much appreciated service, has retired. Martin B. Bloch, President and CEO, said, "We look forward with enthusiasm and great confidence to working with Steven Bernstein as our CFO and Corporate Controller. Steve is highly respected by all the senior management team at FEI for his financial oversight and accounting expertise."
FEIM: 11.01 (+0.51)
Frequency Electronics Inc. Awarded Major Satellite Payload Contract
GlobeNewswire - Mon Apr 25, 9:31AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded an approximately $15 million contract to supply multi-frequency timing systems for a US/DOD satellite program. Exceptional performance of these systems is enabled by Frequency's proprietary low phase noise and Low G sensitivity technology. The work to be performed under this contract was previously expected to initiate in calendar 2015. It is part of the over $30 million of projects that Frequency reported had been delayed earlier this fiscal year. The majority of the work is presently expected to be performed within 18 to 24 months.
FEIM: 11.01 (+0.51)
Frequency Electronics Inc. Awarded Satellite Payload Contract
GlobeNewswire - Wed Dec 16, 2:00PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a contract to supply high precision frequency sources for a critical U.S. Department of Defense satellite payload program. These frequency sources provide unmatched levels of precision, low phase noise and short term stability. The contract value exceeds $3 million on a sole-source basis.
FEIM: 11.01 (+0.51)
Frequency Electronics, Inc. Announces Second Quarter Fiscal Year 2016 Results
GlobeNewswire - Tue Dec 08, 3:01PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the second quarter of fiscal 2016, which ended October 31, 2015, of $16.0 million compared to $19.2 million recorded in the second quarter of fiscal 2015. Revenues for the first six months of fiscal 2016 were $32.7 million compared to $39.0 million recorded in the same period of the prior year.
FEIM: 11.01 (+0.51)
Frequency Electronics Announces Earnings Conference Call; Tuesday, December 8, 2015, at 4:30 PM ET
GlobeNewswire - Fri Dec 04, 12:23PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for its second quarter of fiscal year 2016, ended October 31, 2015, on Tuesday, December 8, 2015, at 4:30 PM Eastern Time.
FEIM: 11.01 (+0.51)
Frequency Electronics Chief Financial Officer to Become Interim Chief Financial Officer at Year-End and to Retire Upon Appointment of Successor
GlobeNewswire - Thu Oct 29, 9:00AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) (the Company) today announced that Alan Miller will step down as Secretary, Treasurer and Chief Financial Officer as of December 31, 2015. From January 1, 2016, Mr. Miller will serve as the Company's interim CFO until the appointment of a successor CFO. The Company's board of directors is undertaking a search to identify a new CFO to succeed Mr. Miller.
FEIM: 11.01 (+0.51)
Frequency Electronics Announces Earnings Conference Call; Thursday, September 10, 2015, at 4:30 PM ET
GlobeNewswire - Wed Sep 09, 11:05AM CDT
Frequency Electronics, Inc. (NASDAQ: FEIM), will hold its quarterly conference call to discuss results for its first quarter of fiscal year 2016, ended July 31, 2015, on Thursday, September 10, 2015, at 4:30 PM Eastern Time.
FEIM: 11.01 (+0.51)
Frequency Electronics Delivers GPS Multi-Channel Receiver/Down Converter
GlobeNewswire - Mon Jul 27, 8:23AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has delivered a GPS Wide Area Augmentation System (WAAS) multi-channel receiver/down converter to be installed on a hosted payload scheduled for launch later this year in support of the Federal Aviation Administration's (FAA) GPS WAAS program. As previously announced the Company received a follow-on order and is working on an additional receiver/down converter to be delivered next year for a 2017 launch. These multi-channel receiver/down converters on hosted payloads are integral to the WAAS program serving as air navigation aids augmenting the accuracy, integrity and availability of the Global Positioning System (GPS). The GPS WAAS objectives include more direct flight routing and precision landing approaches essentially enabling aircraft to rely on GPS for all phases of flight.
FEIM: 11.01 (+0.51)
Frequency Electronics Announces Earnings Conference Call; Wednesday, July 22, 2015, at 4:30 PM ET
GlobeNewswire - Tue Jul 21, 11:09AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for its fiscal year 2015, ended April 30, 2015, on Wednesday, July 22, 2015, at 4:30 PM Eastern Time.
FEIM: 11.01 (+0.51)
Hynes Keller & Hernandez, LLC Announces Investigation of Frequency Electronics Inc. (FEIM)
PR Newswire - Tue Jun 02, 6:38AM CDT
Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Frequency Electronics Inc. (Nasdaq: FEIM) concerning possible breaches of fiduciary duty.
FEIM: 11.01 (+0.51)
Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2017 Results
GlobeNewswire - Wed Sep 14, 3:09PM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the first quarter of fiscal 2017, which ended July 31, 2016, of $12.7 million as compared to $16.7 million in the same quarter of fiscal 2016. The Company recorded operating loss of $796,000 for the quarter ended July 31, 2016, compared to an operating profit of $941,000 in the first quarter of fiscal 2016. Net loss for the first quarter of fiscal 2017 was $706,000 or ($0.08) per diluted share compared to net income of $891,000 or $0.10 per diluted share for the first quarter of the prior year.
FEIM: 11.01 (+0.51)
Frequency Electronics Announces Agreement with Privet Fund and the Addition of Two New Board Members
GlobeNewswire - Tue Sep 13, 4:07PM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) announced that it has reached an agreement with Privet Fund LP, Privet Fund Management LLC and Ryan Levenson (collectively, the "Privet Group"
. Frequency has expanded the size of the Board from seven to eight directors and appointed Mr. Levenson and General Lance Lord to fill the two vacancies on the Board. Each of Mr. Levenson and General Lance W. Lord, USAF (ret) will have a term that will expire at Frequency's 2016 Annual Meeting and will be included in Frequency's slate of director nominees for election at Frequency's 2016 Annual Meeting. The Agreement between Frequency and the Privet Group contains customary standstill provisions. Subject to certain exceptions, if the standstill period has not expired on the first day of the advanced notice period for shareholders to nominate directors for election at Frequency's 2017 Annual Meeting, Frequency also will include Mr. Levenson and General Lord in Frequency's slate of director nominees for election at Frequency's 2017 Annual Meeting. AJRD: 17.59 (-0.01), FEIM: 11.01 (+0.51)
Frequency Electronics Announces Earnings Conference Call; Monday, September 19, 2016, at 1:30 PM ET
GlobeNewswire - Tue Sep 13, 6:59AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for the first quarter of its fiscal year 2017, ended July 31, 2016, on Monday, September 19, 2016, at 1:30 PM Eastern Time.
FEIM: 11.01 (+0.51)
Frequency Electronics Inc. Awarded Multi-Satellite Payload Contract
GlobeNewswire - Thu Sep 08, 10:52AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has received and commenced engineering design work on a new multi-satellite payload contract valued in excess of $6m. FEI will supply the master timing system and microwave frequency sources for satellites in a non-domestic advanced secure communication satellite constellation. These assemblies provide state-of-the-art levels of frequency stability as well as exceptionally low phase-noise characteristics. The capabilities provided by these next-generation space assemblies enable satellites to meet the ever-increasing demands for high throughput secure data. Under the present contract the major portion of the work will be completed over the next eighteen months, with options for additional flight sets to follow.
FEIM: 11.01 (+0.51)
Frequency Electronics Corrects Announcement of Addition of Two New Board Members
GlobeNewswire - Thu Aug 25, 2:48PM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) today announced a correction to its press release issued on August 24, 2016, titled "Frequency Electronics, Inc. Announces the Addition of Two New Board Members." In the press release, one of the names of the new directors was misstated as Dr. Yacov A. Shamash and is corrected to indicate that the two new directors are Dr. Stanton D. Sloane and Russell Sarachek. The Board of Directors had identified Mr. Shamash as an attractive prospective independent director, but, because Mr. Shamash indicated that, as an employee of a New York state university, to serve on a board of directors he would first be required to obtain approval both from his university and the New York State Ethics Commission, the Board of Directors determined to consider Mr. Shamash as a potential director if and when he secures the required approvals.
CMTL: 13.35 (+0.16), FEIM: 11.01 (+0.51)
Frequency Electronics, Inc. Announces the Addition of Two New Board Members
GlobeNewswire - Wed Aug 24, 10:47AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) announced that the size of its Board of Directors has been increased from five to seven members, and two new board members have been appointed. Joining the Board of Directors is Dr. Stanton D. Sloane and Dr. Yacov A. Shamash.
CMTL: 13.35 (+0.16), FEIM: 11.01 (+0.51)
Hynes Keller & Hernandez, LLC Announces Investigations of M/A-Com Technology Solutions, Inc., Frequency Electronics Inc., and The Bancorp, Inc.
PR Newswire - Thu Jun 09, 6:08AM CDT
M/A-Com Technology Solutions Holdings, Inc. ("M/A-Com"
Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of M/A-Com (NASDAQ: MTSI) concerning possible breaches of fiduciary duty relating to certain improper acquisitions by M/A-Com. MTSI: 42.46 (+0.64), FEIM: 11.01 (+0.51), TBBK: 6.17 (+0.06)
Frequency Electronics Inc. Awarded High Throughput Satellite Payload Contract
GlobeNewswire - Wed May 25, 9:30AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a contract in excess of $5 million to supply master timing and frequency generation systems for a high throughput satellite. The satellite will operate at Ka band with extremely high throughput along with enhanced bandwidth flexibility and economy to meet dual Government mobile bandwidth and other commercial demand. Frequency's ultra-stable timing sources combined with exceptionally low noise frequency generators enable the outstanding performance of the payload. Work on this satellite and other payload projects, as previously reported, had been anticipated to commence in 2015. The contract now calls for completion in under 18 months.
FEIM: 11.01 (+0.51)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Into Possible Violations of Delaware Law by Certain Officers and Directors of Frequency Electronics Inc.
BusinessWire - Fri May 20, 1:39PM CDT
Levi & Korsinsky announces it has commenced an investigation of Frequency Electronics Inc. (NASDAQ: FEIM) concerning possible violations of Delaware law. To obtain additional information about the investigation, go to:
FEIM: 11.01 (+0.51)
Frequency Electronics Appoints New Chief Financial Officer
GlobeNewswire - Fri Apr 29, 9:00AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) (the Company) today announced the Board of Directors appointed Steven Bernstein as its Chief Financial Officer (CFO). Steven Bernstein is a Certified Public Accountant with an extensive 15 year background in financial reporting, budgeting, internal controls, risk management and auditing. During the 5 year period prior to joining Frequency Electronics in 2010 he worked in the North America accounting group of a Fortune 500 electronics distributor. Steve Bernstein succeeds Alan Miller, Frequency's former Chief Financial Officer (CFO), who after 20 years of dedicated and much appreciated service, has retired. Martin B. Bloch, President and CEO, said, "We look forward with enthusiasm and great confidence to working with Steven Bernstein as our CFO and Corporate Controller. Steve is highly respected by all the senior management team at FEI for his financial oversight and accounting expertise."
FEIM: 11.01 (+0.51)
Frequency Electronics Inc. Awarded Major Satellite Payload Contract
GlobeNewswire - Mon Apr 25, 9:31AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded an approximately $15 million contract to supply multi-frequency timing systems for a US/DOD satellite program. Exceptional performance of these systems is enabled by Frequency's proprietary low phase noise and Low G sensitivity technology. The work to be performed under this contract was previously expected to initiate in calendar 2015. It is part of the over $30 million of projects that Frequency reported had been delayed earlier this fiscal year. The majority of the work is presently expected to be performed within 18 to 24 months.
FEIM: 11.01 (+0.51)
Frequency Electronics Inc. Awarded Satellite Payload Contract
GlobeNewswire - Wed Dec 16, 2:00PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM) has been awarded a contract to supply high precision frequency sources for a critical U.S. Department of Defense satellite payload program. These frequency sources provide unmatched levels of precision, low phase noise and short term stability. The contract value exceeds $3 million on a sole-source basis.
FEIM: 11.01 (+0.51)
Frequency Electronics, Inc. Announces Second Quarter Fiscal Year 2016 Results
GlobeNewswire - Tue Dec 08, 3:01PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the second quarter of fiscal 2016, which ended October 31, 2015, of $16.0 million compared to $19.2 million recorded in the second quarter of fiscal 2015. Revenues for the first six months of fiscal 2016 were $32.7 million compared to $39.0 million recorded in the same period of the prior year.
FEIM: 11.01 (+0.51)
Frequency Electronics Announces Earnings Conference Call; Tuesday, December 8, 2015, at 4:30 PM ET
GlobeNewswire - Fri Dec 04, 12:23PM CST
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for its second quarter of fiscal year 2016, ended October 31, 2015, on Tuesday, December 8, 2015, at 4:30 PM Eastern Time.
FEIM: 11.01 (+0.51)
Frequency Electronics Chief Financial Officer to Become Interim Chief Financial Officer at Year-End and to Retire Upon Appointment of Successor
GlobeNewswire - Thu Oct 29, 9:00AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) (the Company) today announced that Alan Miller will step down as Secretary, Treasurer and Chief Financial Officer as of December 31, 2015. From January 1, 2016, Mr. Miller will serve as the Company's interim CFO until the appointment of a successor CFO. The Company's board of directors is undertaking a search to identify a new CFO to succeed Mr. Miller.
FEIM: 11.01 (+0.51)
Frequency Electronics Announces Earnings Conference Call; Thursday, September 10, 2015, at 4:30 PM ET
GlobeNewswire - Wed Sep 09, 11:05AM CDT
Frequency Electronics, Inc. (NASDAQ: FEIM), will hold its quarterly conference call to discuss results for its first quarter of fiscal year 2016, ended July 31, 2015, on Thursday, September 10, 2015, at 4:30 PM Eastern Time.
FEIM: 11.01 (+0.51)
Frequency Electronics Delivers GPS Multi-Channel Receiver/Down Converter
GlobeNewswire - Mon Jul 27, 8:23AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM) has delivered a GPS Wide Area Augmentation System (WAAS) multi-channel receiver/down converter to be installed on a hosted payload scheduled for launch later this year in support of the Federal Aviation Administration's (FAA) GPS WAAS program. As previously announced the Company received a follow-on order and is working on an additional receiver/down converter to be delivered next year for a 2017 launch. These multi-channel receiver/down converters on hosted payloads are integral to the WAAS program serving as air navigation aids augmenting the accuracy, integrity and availability of the Global Positioning System (GPS). The GPS WAAS objectives include more direct flight routing and precision landing approaches essentially enabling aircraft to rely on GPS for all phases of flight.
FEIM: 11.01 (+0.51)
Frequency Electronics Announces Earnings Conference Call; Wednesday, July 22, 2015, at 4:30 PM ET
GlobeNewswire - Tue Jul 21, 11:09AM CDT
Frequency Electronics, Inc. (NASDAQ:FEIM), will hold its quarterly conference call to discuss results for its fiscal year 2015, ended April 30, 2015, on Wednesday, July 22, 2015, at 4:30 PM Eastern Time.
FEIM: 11.01 (+0.51)
Hynes Keller & Hernandez, LLC Announces Investigation of Frequency Electronics Inc. (FEIM)
PR Newswire - Tue Jun 02, 6:38AM CDT
Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Frequency Electronics Inc. (Nasdaq: FEIM) concerning possible breaches of fiduciary duty.
FEIM: 11.01 (+0.51)
