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RCM Technologies, Inc. - RCMT STOCK NEWS

Welcome to our dedicated news page for RCM Technologies (Ticker: RCMT), a resource for investors and traders seeking the latest updates and insights on RCM Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RCM Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
RCM Technologies, Inc. (RCMT) announced financial results for the thirteen and fifty-two weeks ended December 30, 2023. Revenue for the current quarter was $71.0 million, a 1.1% increase from the prior year. Gross profit and GAAP operating income also saw growth. However, for the current year, revenue decreased by 7.5% to $263.2 million. GAAP net income for the year was $16.8 million, down from $20.9 million in the prior year. Adjusted EBITDA and net income per diluted share improved in the current quarter. The company aims for $20 million in cash flow from operations in fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.92%
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Rhea-AI Summary
RCM Technologies, Inc. (RCMT) will host a conference call to review financial results for Q4 2023 on March 14, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.63%
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none
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Rhea-AI Summary
TransnetBW and RCM Technologies, Inc. (NasdaqGM: RCMT) enter a new partnership for critical infrastructure projects to modernize the transmission grid in Europe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
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none
Rhea-AI Summary
RCM Technologies, Inc. (NasdaqGM: RCMT) announced financial results for the thirteen and thirty-nine weeks ended September 30, 2023, with a decrease in revenue and gross profit compared to the prior-year periods. GAAP net income and adjusted EBITDA also decreased. Executive Chairman Bradley Vizi expressed optimism for the fourth quarter, while CFO Kevin Miller highlighted improved revenue productivity in the third quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.14%
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Rhea-AI Summary
RCM Technologies, Inc. will hold a conference call on November 9, 2023, to discuss the financial results for the thirteen and thirty-nine weeks ended September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.14%
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none
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Rhea-AI Summary
RCM Technologies, Inc. (NasdaqGM: RCMT) Announces Financial Results for Thirteen and Twenty-Six Weeks Ended July 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.14%
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Rhea-AI Summary
RCM Technologies, Inc. (RCMT) to Discuss Financial Results in Upcoming Conference Call on August 10, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.72%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
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RCM Technologies, Inc.

Nasdaq:RCMT

RCMT Rankings

RCMT Stock Data

154.58M
4.78M
34.89%
39.7%
3.43%
Payroll Services
Professional, Scientific, and Technical Services
Link
United States
Pennsauken

About RCMT

since 1971 rcm has helped its clients leverage technology innovation to optimize business performance, attract new business opportunities and drive greater global market share. with a strong geographic presence throughout north america and europe, international business alliances and partnerships with major technology companies, rcm has the proven track record to help clients maximize performance results and create sustainable value. rcm’s core strengths and expertise are a result of more than 35 years of successful hands-on project experience across numerous industries such as aerospace / defense, energy, financial services, life sciences, manufacturing and distribution, public sector and technology. we continue to expand our service offerings by developing additional capabilities in complementary and compatible technologies and business processes. our goal is to provide comprehensive, single-source integrated solutions with multiple delivery options so that we can better serve our cl