Richardson Electrs Ltd Stock Price, News & Analysis

Richardson Electronics (NASDAQ: RELL) has announced a global technology partner agreement with Pakal Technologies to distribute their groundbreaking 650V and 1200V IGTO(t) silicon power semiconductor solutions. The IGTO(t) (Insulated Gate Turn-Off Thyristor) is the first new high-voltage silicon power semiconductor in 40 years, offering up to 30% lower conduction losses compared to modern IGBTs.

The technology serves as a direct drop-in upgrade for modern IGBTs, targeting applications in electric vehicles, renewable energy systems, welding, solar, robotics, and industrial power conversion. Pakal has already begun commercial shipments of both voltage variants in various current and package formats.

Richardson Electronics (NASDAQ: RELL) has introduced a new patent-pending TurbineGuard™ series of monitoring relays for wind and renewable energy markets. The launch includes two key products: the TurbineGuard™ Temperature Signal Relay and TurbineGuard™ Voltage Signal Relay, designed to address critical voltage and temperature monitoring needs in turbine systems. These products are fully compatible with GE turbines and feature advanced capabilities including LCD readouts, programmable set points, and status LEDs. The Temperature Signal Relay supports winterization efforts and includes features like push-button heater testing, while the Voltage Signal Relay works with both ultracapacitor and lead acid battery technologies. The products are designed, manufactured, and tested in LaFox, IL, demonstrating Richardson's commitment to innovation in the renewable power generation market.

Richardson Electronics (NASDAQ: RELL) has expanded its customer base through a supply agreement with TransAlta , one of Canada's largest power generators. The agreement involves delivering patented ULTRA3000® and ULTRAPEM™ pitch energy modules for GE wind turbines and SSB platforms across Canada and the United States throughout 2025.

These ultracapacitor-based modules replace traditional lead acid batteries in wind turbine electric pitch systems, managing blade angle adjustments for optimal turbine operation. TransAlta conducted a year-long trial of the technology across multiple machines at two sites before committing to a fleet-wide implementation.

According to TransAlta's supervisor, the solution addresses one of their leading causes of downtime and lost production on GE platforms, reducing necessary hub entries and climbs for technicians while increasing revenue potential.

Richardson Electronics (NASDAQ: RELL), a global provider of engineered solutions for green energy, power management, and custom display markets, has announced its participation in the Planet MicroCap Showcase: VEGAS 2025.

The company will deliver a presentation on April 23, 2025, at 11:30 AM PT at the Paris Hotel & Casino in Las Vegas. Investors can access the live presentation through a webcast and have the opportunity to schedule one-on-one meetings with Richardson Electronics representatives during the conference.

The event, organized in partnership with MicroCapClub, offers both in-person attendance options and virtual access to company presentations through the conference platform.

Richardson Electronics (NASDAQ: RELL) reported Q3 FY25 financial results with net sales of $53.8 million, up 2.7% year-over-year. The company achieved significant growth in key segments, with semiconductor wafer fab sales surging 139% and Canvys sales increasing 39.5%.

The quarter was marked by the strategic sale of Healthcare assets to DirectMed Imaging, resulting in a one-time $4.9 million charge. Excluding this charge, non-GAAP operating income rose to $2.2 million from $1.0 million last year. The company maintained strong financial health with $36.7 million in cash and no debt.

Gross margin improved to 31.0% compared to 29.5% in Q3 FY24. The Board declared a quarterly cash dividend of $0.06 per share. Backlog stood at $134.1 million, down from $142.6 million in Q2 FY25, primarily due to decreases in GES, Canvys, and Healthcare segments.

Richardson Electronics (NASDAQ: RELL) has scheduled the release of its third quarter fiscal year 2025 financial results on Wednesday, April 9, 2025, after market close. The company will host a conference call to discuss the results on Thursday, April 10, 2025, at 9:00 a.m. Central Time.

Chairman and CEO Edward J. Richardson and CFO Robert J. Ben will lead the conference call, which will include a Q&A session. The earnings release will be available through GlobeNewswire and on the company's website. A replay of the call will be accessible starting April 11, 2025, at 1:00 p.m. Central Time for seven days.

Richardson Electronics (NASDAQ: RELL) has announced a strategic asset sale of its Richardson Healthcare business unit to DirectMed Imaging. The transaction, completed on January 24, 2025, includes a 10-year global supply agreement where Richardson will provide DirectMed with repaired Siemens CT X-ray tubes.

The company will continue manufacturing ALTA CT X-ray tubes for DirectMed for approximately 12-18 months. The remaining healthcare operations, primarily focusing on CT X-ray tube manufacturing and repair, will be integrated into the company's PMT reportable segment.

This strategic move aligns with Richardson's focus on reallocating assets to support their growing Green Energy Solutions business, with management expecting the transaction to simplify operations and improve their financial model.

DirectMed Imaging has acquired Richardson Healthcare's Fort Mill, SC operation, a division of Richardson Electronics (NASDAQ: RELL). The acquisition strengthens DirectMed's position as the leading Canon/Toshiba aftermarket parts supplier and expands its MRI and CT parts expertise.

Key aspects of the deal include: DirectMed becoming the exclusive global distributor for Richardson Electronics' repaired Siemens Straton Z, MX, and MXP CT X-ray tubes, as well as the ALTA750 and ALTA 750G CT X-ray tubes. The company will also enter the Canon/Toshiba CT training market for engineers and biomedical professionals.

This marks DirectMed's sixth acquisition, adding to their inventory of over 100,000 parts. The company, backed by Frazier Healthcare Partners, will leverage Richardson's X-ray tube manufacturing infrastructure and engineering expertise to enhance their service offerings.

Richardson Electronics (NASDAQ: RELL) reported Q2 FY25 results with net sales of $49.5 million, showing a 12.1% increase from $44.1 million in Q2 FY24. The growth was primarily driven by Green Energy Solutions (GES), which saw a 129% increase in sales, and the Power and Microwave Technologies Group (PMT) with a 9.9% increase.

The company maintained a strong financial position with $26.6 million in cash and no debt. Gross margin improved to 31.0% compared to 28.4% in Q2 FY24. Despite these improvements, the company reported a net loss of $0.8 million ($0.05 per share), better than the $1.8 million loss ($0.13 per share) in the prior year. The Board declared a quarterly cash dividend of $0.06 per share.

Backlog increased to $142.6 million from $137.4 million in Q1 FY25, with management expecting continued growth and higher year-over-year sales and profitability for FY25.