Makes ultra-precise clocks and timing systems for satellites, military gear, and cell towers—think the heartbeat that keeps secure networks and GPS-guided weapons in sync.
Revenue runs about USD 0.06–0.07B annually, with gross margins around 29–43%. The FEI-NY segment (satellite and military timing) drives most sales, though the latest quarter swung to a net loss.
Decades of defense and space certifications plus custom engineering create switching costs, but competition from larger players like Orolia and Microchip Technology pressures pricing. Moat is eroding as GPS-based alternatives commoditize timing.
Key events, in time order
Underwritten offering of 1.74M shares to raise ~$100M gross proceeds, a key capital move.
Two awards cover satellite program and follow-on production, adding to order book
Despite Q4 loss from restructuring, record backlog and FY29 revenue target of $150M drive stock back near highs around $80
On Jul 22, shares fell 9.3%, after a 52-week high breakout with ~20% gain on Jul 21
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FEIM is highlighted as a smaller-cap, higher-risk play within the space transportation sector, suggesting a potential investment opportunity.
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Facts and opinions separated · All items sourced · Not investment advice
