Frequency Electronics Issues a Clarification to Yesterday’s Earnings Call
Frequency Electronics, Inc. (FEIM)
US:NASDAQ Investor Relations:
ir.freqelec.com/home
Company Research
Source: GlobeNewswire
MITCHEL FIELD, N.Y., March 15, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM). On yesterday’s earnings call, the Company discussed program charges that adversely affected its gross margins for the quarter ended January 31, 2024. As a result of percentage of completion accounting, these charges included a temporary reversal of revenue. The Company expects to recover approximately $1.2 million of this revenue during this calendar year. Because the costs have been conservatively estimated and already charged, when this revenue is realized, the Company estimates that it will be at normal or higher than average corporate gross margins. About Frequency ElectronicsFrequency Electronics, Inc. is a world leader in the design, development and manufacture of high precision timing, frequency generation and RF control products for space and terrestrial applications. Frequency’s products are used in satellite payloads and in other commercial, govern
Show less
Read more
Impact Snapshot
Event Time:
FEIM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FEIM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FEIM alerts
High impacting Frequency Electronics, Inc. news events
Weekly update
A roundup of the hottest topics
FEIM
News
- Frequency Electronics Issues a Clarification to Yesterday's Earnings Call [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Frequency Electronics Issues a Clarification to Yesterday's Earnings Call [Yahoo! Finance]Yahoo! Finance
- Frequency Electronics, Inc. Announces Third Quarter and Fiscal Year 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Frequency Electronics, Inc. Announces Third Quarter and Fiscal Year 2024 Financial ResultsGlobeNewswire
- Frequency Electronics Announces 3rd Quarter Financial Results Conference Call: Thursday, March 14, 2024, at 4:30 PM ET [Financial Post (Toronto, Ontario, Canada)]Financial Post
FEIM
Sec Filings
- 5/1/24 - Form 4
- 4/25/24 - Form 4
- 4/19/24 - Form 4
- FEIM's page on the SEC website