Frequency Electronics Issues a Clarification to Yesterday's Earnings Call [Financial Post (Toronto, Ontario, Canada)]
Frequency Electronics, Inc. (FEIM)
US:NASDAQ Investor Relations:
ir.freqelec.com/home
Company Research
Source: Financial Post
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. Article content About Frequency Electronics Frequency 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, government and military systems including C4ISR and electronic warfare, missiles, UAVs, aircraft, GPS, secure communi
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News
- Frequency Electronics Issues a Clarification to Yesterday's Earnings Call [Yahoo! Finance]Yahoo! Finance
- Frequency Electronics Issues a Clarification to Yesterday’s Earnings CallGlobeNewswire
- 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