• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Frequency Electronics Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    12/10/24 4:18:38 PM ET
    $FEIM
    Electrical Products
    Industrials
    Get the next $FEIM alert in real time by email
    freqelec20241210_8k.htm


    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     


     

    FORM 8-K

     


     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the

    Securities Exchange Act of 1934

     

    Date of Report (date of earliest event reported): December 10, 2024

     

    Frequency Electronics, Inc.

    (Exact name of registrant as specified in its charter)

     

    Delaware

     

    1-8061

     

    11-1986657

    (State or Other Jurisdiction of
    Incorporation)

     

    (Commission File Number)

     

    (IRS Employer Identification
    Number)

     

    55 Charles Lindbergh Blvd.,

    Mitchel Field, New York 11553

    (Address of principal executive offices, including zip code)

     

    Registrant’s telephone number, including area code: (516) 794-4500

     

    (Former name or former address, if changed since last report): Not Applicable

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     

    ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

    Trading Symbol(s)

    Name of each exchange on which registered

    Common Stock (par value $1.00 per share)

    FEIM

    NASDAQ Global Market

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company ☐

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

     

    Item 2.02.

    Results of Operations and Financial Condition.

     

    On December 10, 2024, Frequency Electronics, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended October 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

     

    In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.

     

    Item 9.01. 

    Financial Statements and Exhibits.

     

    (d)     Exhibits

     

     

    99.1

    Press release issued on December 10, 2024, by the Company announcing its financial results for the quarter ended October 31, 2024

         
     

    104

    Cover Page Interactive Data File (formatted in Inline XBRL)

     

     

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

    Date: December 10, 2024

     
     

    FREQUENCY ELECTRONICS, INC.

     

    By:      /s/ Steven L. Bernstein                

    Name: Steven L. Bernstein

    Title:   Chief Financial Officer, Secretary and Treasurer

     

     

     

     
    false 0000039020 0000039020 2024-12-10 2024-12-10
    Get the next $FEIM alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $FEIM

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $FEIM
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President and CEO Mcclelland Thomas exercised 8,000 shares at a strike of $13.24 and covered exercise/tax liability with 5,875 shares, increasing direct ownership by 2% to 99,723 units (SEC Form 4)

      4 - FREQUENCY ELECTRONICS INC (0000039020) (Issuer)

      4/25/25 1:42:05 PM ET
      $FEIM
      Electrical Products
      Industrials
    • Sr. VP Business Development Mancini Oleandro exercised 10,000 shares at a strike of $13.24 and covered exercise/tax liability with 7,344 shares, increasing direct ownership by 9% to 33,876 units (SEC Form 4)

      4 - FREQUENCY ELECTRONICS INC (0000039020) (Issuer)

      4/25/25 1:40:15 PM ET
      $FEIM
      Electrical Products
      Industrials
    • Director Schwartz Richard exercised 10,000 shares at a strike of $13.24 and covered exercise/tax liability with 7,663 shares, increasing direct ownership by 6% to 42,761 units (SEC Form 4)

      4 - FREQUENCY ELECTRONICS INC (0000039020) (Issuer)

      4/22/25 1:34:38 PM ET
      $FEIM
      Electrical Products
      Industrials

    $FEIM
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Frequency Electronics Awarded Subcontract from Leidos to Develop Advanced Nitrogen Vacancy Diamond Magnetometer for DIU's Transition Quantum Sensing Program

      MITCHEL FIELD, N.Y., March 27, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. ("FEI" or the "Company") (NASDAQ-FEIM), a leading provider of precision timing and frequency technology, today announced it has been awarded a subcontract from Leidos (NYSE:LDOS) to develop a next-generation Nitrogen Vacancy (NV) Diamond Magnetometer. The award supports the development of a compact, highly sensitive quantum magnetometer leveraging nitrogen vacancy centers in diamond to detect magnetic fields for magnetic navigation. The system is needed for alternative position, navigation in GPS denied and degraded environments. The NV Diamond magnetometer is very well suited for deployment in challenging

      3/27/25 4:02:00 PM ET
      $FEIM
      $LDOS
      Electrical Products
      Industrials
      EDP Services
      Technology
    • Frequency Electronics, Inc. Announces Contract Increase for Approximately $12 Million

      GARDEN GROVE, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- FEI-Zyfer, Inc., a wholly-owned subsidiary of Frequency Electronics, Inc. ("FEI" or the "Company") (NASDAQ-FEIM), a leading provider of precision timing and frequency control products, is pleased to announce the receipt of a $12 million contract increase for the development and manufacture of a customized version of our high-precision airborne time, synchronization, and frequency distribution system, with deliveries scheduled through 2027. Our airborne-rated systems provide the ability to function in high-dynamic environments, while providing interoperability with the latest on-board technologies such as assured and Alternate-Positio

      3/20/25 9:00:00 AM ET
      $FEIM
      Electrical Products
      Industrials
    • Frequency Electronics, Inc. Recognized by Northrop Grumman with Supplier Excellence Award

      MITCHEL FIELD, N.Y., March 19, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. ("FEI" or the "Company") (NASDAQ-FEIM), a leading provider of precision timing and frequency control products, is pleased to announce that Northrop Grumman Corporation (NYSE:NOC) has recognized Frequency Electronics Inc. (NASDAQ-FEIM) as one of its top supplier partners during the company's Supplier Excellence Awards. Ken Brown, vice president, enterprise global supply chain, Northrop Grumman, said, "Frequency Electronics has supported Northrop Grumman in delivering technologies that enhance national security for the U.S. and our allies. The high-quality performance, dedication and partnership of our suppl

      3/19/25 7:44:53 AM ET
      $FEIM
      $NOC
      Electrical Products
      Industrials
      Industrial Machinery/Components

    $FEIM
    SEC Filings

    See more
    • SEC Form 10-Q filed by Frequency Electronics Inc.

      10-Q - FREQUENCY ELECTRONICS INC (0000039020) (Filer)

      3/17/25 4:26:18 PM ET
      $FEIM
      Electrical Products
      Industrials
    • Frequency Electronics Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - FREQUENCY ELECTRONICS INC (0000039020) (Filer)

      3/13/25 4:15:50 PM ET
      $FEIM
      Electrical Products
      Industrials
    • SEC Form 10-Q filed by Frequency Electronics Inc.

      10-Q - FREQUENCY ELECTRONICS INC (0000039020) (Filer)

      12/16/24 1:24:41 PM ET
      $FEIM
      Electrical Products
      Industrials

    $FEIM
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Frequency Electronics Inc. (Amendment)

      SC 13G/A - FREQUENCY ELECTRONICS INC (0000039020) (Subject)

      2/14/24 10:34:01 AM ET
      $FEIM
      Electrical Products
      Industrials
    • SEC Form SC 13G/A filed by Frequency Electronics Inc. (Amendment)

      SC 13G/A - FREQUENCY ELECTRONICS INC (0000039020) (Subject)

      2/9/24 9:59:12 AM ET
      $FEIM
      Electrical Products
      Industrials
    • SEC Form SC 13G/A filed by Frequency Electronics Inc. (Amendment)

      SC 13G/A - FREQUENCY ELECTRONICS INC (0000039020) (Subject)

      2/9/24 9:44:34 AM ET
      $FEIM
      Electrical Products
      Industrials

    $FEIM
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $FEIM
    Leadership Updates

    Live Leadership Updates

    See more
    • Director Sarachek Russell M bought $34,085 worth of shares (2,161 units at $15.77), increasing direct ownership by 0.47% to 464,080 units (SEC Form 4)

      4 - FREQUENCY ELECTRONICS INC (0000039020) (Issuer)

      3/28/25 3:24:11 PM ET
      $FEIM
      Electrical Products
      Industrials
    • Director Sarachek Russell M bought $24,711 worth of shares (1,582 units at $15.62), increasing direct ownership by 0.34% to 461,619 units (SEC Form 4)

      4 - FREQUENCY ELECTRONICS INC (0000039020) (Issuer)

      3/19/25 4:47:02 PM ET
      $FEIM
      Electrical Products
      Industrials
    • Sarachek Russell M bought $6,526 worth of shares (687 units at $9.50), increasing direct ownership by 0.16% to 436,034 units (SEC Form 4)

      4 - FREQUENCY ELECTRONICS INC (0000039020) (Issuer)

      5/1/24 11:06:31 AM ET
      $FEIM
      Electrical Products
      Industrials
    • Frequency Electronics, Inc. Announces Appointment of Tom McClelland to the Board of Directors

      MITCHEL FIELD, N.Y., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. ("FEI" or the "Company") (NASDAQ-FEIM) today is pleased to announce 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 FEI's 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

      12/5/24 8:30:00 AM ET
      $FEIM
      Electrical Products
      Industrials

    $FEIM
    Financials

    Live finance-specific insights

    See more
    • Frequency Electronics, Inc. Announces Third Quarter and Fiscal Year 2025 Financial Results

      MITCHEL FIELD, N.Y., March 13, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. ("FEI" or the "Company") (NASDAQ-FEIM) is reporting revenues for the three and nine months ended January 31, 2025, of approximately $18.9 million and $49.8 million, respectively, compared to revenues of $13.7 million and $39.7 million, for the same period of fiscal year 2024, ended January 31, 2024. Operating income for the three and nine months ended was $3.5 million and $8.5 million, respectively, compared to an operating loss of $0.5 million and operating income of $2.5 million for the same period of fiscal year 2024. Net Income from operations for the three and nine months ended January 31, 2025 was $15

      3/13/25 4:02:00 PM ET
      $FEIM
      Electrical Products
      Industrials
    • Frequency Electronics Announces Third Quarter Fiscal 2025 Financial Results Conference Call: Thursday, March 13, 2025, at 4:30 PM ET

      MITCHEL FIELD, N.Y., March 11, 2025 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ:FEIM), will hold a conference call to discuss results for the third quarter of its fiscal year 2025, ended January 31, 2025, on Thursday, March 13, 2025, at 4:30 PM Eastern Time. This call is being webcast by Issuer Direct Corporation and can be accessed in the Investor Relations section of Frequency's web site at www.freqelec.com. Investors and analysts may also access the call by dialing 888-506-0062.   International callers may dial 973-528-0011. Callers should provide participant access code: 170932 or ask for the Frequency Electronics conference call. A telephone replay of the archived ca

      3/11/25 4:26:09 PM ET
      $FEIM
      Electrical Products
      Industrials
    • Frequency Electronics, Inc. Announces Second Quarter and Fiscal Year 2025 Financial Results

      MITCHEL FIELD, N.Y., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. ("FEI" or the "Company") (NASDAQ-FEIM) is reporting revenues for the three and six months ended October 31, 2024, of approximately $15.8 million and $30.9 million, respectively, compared to revenues of $13.6 million and $26.0 million, for the same period of fiscal year 2024, ended October 31, 2023. Operating income for the three and six months ended October 31, 2024 was $2.6 million and $5.0 million, respectively, compared to operating income of $0.9 million and $3.0 million for the same period of fiscal year 2024. Net Income from operations for the three and six months ended October 31, 2024 was $2.7 millio

      12/10/24 4:02:00 PM ET
      $FEIM
      Electrical Products
      Industrials