Frequency Electronics, Inc. (NASDAQ:FEIM) Q4 2023 Earnings Call Transcript

Robert Smith: Do you feel that you have the people in place to provide adequate support for you?

Thomas McClelland: Well, that’s a really good question. I think we do. But we’re looking at potentially some very significant growth and we are looking at this — over the last year, we had some significant cutbacks. But at this point in time, we’re looking at potentially growing our workforce. We’re going to be very cautious in doing that. At the same time, I think what is the most important, we have a number of people with many years of expertise, and we’re looking to train a new generation of people and also to get new talent in science and engineering that have an expertise in some new approaches to old technologies. And I think that’s really important for keeping Frequency Electronics viable as a technology company well into the future.

Robert Smith: So that would come with new hires?

Thomas McClelland: Well, it’s partly with new hires, yes, and it’s partly with training people that we already have on the workforce.

Robert Smith: Thank you. Wish you good luck. Thank you.

Operator: We have no further questions in queue.

Thomas McClelland: Okay. With that, I think we can end the call. I’d like to thank you all for participating in this call. And I look forward to our next call after the first quarter. Thank you.

Operator: Thank you. This concludes today’s conference, and you may disconnect your lines at this time. Thank you for your participation.