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  • Frequency Electronics (FEIM) Sees Gains in After-Hour Trading Following Subcontract News

    Frequency Electronics (FEIM) Sees Gains in After-Hour Trading Following Subcontract News

    Last Friday’s after-hours trading saw significant momentum for Frequency Electronics, Inc. (NASDAQ: FEIM) shares, which increased by 6.24% to close at $16.00. The increase happened after the business revealed that it had landed a sizable subcontract with Leidos to create a next-generation Nitrogen Vacancy (NV) Diamond Magnetometer.

    Pioneering Navigation using Quantum Sensing

    The subcontract that was granted advances the development of a small and extremely sensitive quantum magnetometer that uses diamonds’ nitrogen vacancy centers to detect minuscule magnetic fields.

    This state-of-the-art technology is intended for use with magnetic navigation systems, especially in locations where GPS signals are weak or nonexistent. The NV Diamond Magnetometer is a reliable substitute for traditional sensing techniques and is designed for deployment in challenging operational environments.

    Strategic Partnership with MIT-Lincoln Labs and Leidos

    With this project, Frequency Electronics, Leidos, and MIT-Lincoln Laboratory are working together to advance the field of quantum magnetometry. The effort emphasizes how quantum sensing, a novel subject with enormous potential for enhancing situational awareness, navigation, and intelligence gathering, is gaining more attention from the scientific community and the military.

    Frequency Electronics will lead the design, prototype, and testing of the system over the course of its multi-year development period, enhancing its position as a pioneer in frequency control and accurate timing solutions.

    Another Contract Highlights Ongoing Development

    A $12 million contract increase for a specialized airborne time, synchronization, and frequency distribution system was announced concurrently by FEI-Zyfer, Inc., a fully owned subsidiary of Frequency Electronics. This contract calls for deliveries through 2027.

    The growing need for cutting-edge airborne timing technologies essential to national defense is reflected in this award, which also strengthens FEIM’s position in the high-performance frequency domain.

    Together, these agreements place FEIM at the vanguard of quantum-enabled innovation and demonstrate Frequency Electronics’ ongoing leadership in creating cutting-edge technology for use in science, aerospace, and military.

  • Frequency Electronics (FEIM) Stock Climbs On Strong Financial Results

    Frequency Electronics (FEIM) Stock Climbs On Strong Financial Results

    Frequency Electronics, Inc. (NASDAQ: FEIM) had exceptional financial performance in the second quarter of fiscal year 2025. And that is propelling FEIM shares on the US stock charts today, sending them up 33.31% to $17.05 as of the last check.

    Exceptional Financial Performance

    Frequency Electronics (FEIM) reported quarterly revenue of approximately $15.8 million and a six-month total of $30.9 million. Net income for the respective periods stood at $2.7 million ($0.28 per diluted share) and $5.1 million ($0.53 per diluted share). Gross margins of 48% for the quarter and 46% for the first half underline operational efficiency and profitability.

    Record-High Backlog

    FEIM’s order backlog reached a record $81 million, surpassing the $70 million reported at the close of the first quarter and the $78 million recorded at the end of the previous fiscal year. This robust backlog reflects sustained growth in Frequency Electronics’ core business sectors. The ongoing execution of key contracts secured over the last two years has significantly bolstered financial results and operational stability.

    Advancing Quantum Sensor Technology

    Frequency Electronics is leveraging its expertise to capitalize on the rapidly evolving quantum sensor market. The business organized a successful ‘Quantum Sensor Summit’ in New York City in October, which brought together specialists from across the world to talk about developments in this exciting sector. The occasion reaffirmed Frequency Electronics’ dedication to innovation and established the business as a major force in the advancement of quantum technology.

    Putting Money Into Innovation and Growth

    A balanced approach to development finance is part of the company’s strategy, which combines significant increases in internal R&D spending with external collaborations. 10% of sales is currently spent on R&D, demonstrating a proactive strategy to stay competitive.

    Despite heightened investments, Frequency Electronics remains debt-free and confident in its ability to achieve sustainable, profitable growth. FEIM’s success in blending heritage satellite projects with new, cutting-edge developments ensures a promising future.