Welcome to our dedicated page for Richardson Electrs news (Ticker: RELL), a resource for investors and traders seeking the latest updates and insights on Richardson Electrs stock.
Richardson Electronics, Ltd. reports developments across engineered solutions for alternative energy and power management markets, RF and microwave products, industrial laser consumables, and custom displays for medical and industrial OEMs. Its updates commonly cover quarterly results, cash dividends, backlog and segment trends, and demand from end markets such as healthcare, semiconductor, communications, industrial, aviation, military, scientific, and marine applications.
Company news also includes product and channel activity for Canvys visual technology solutions, the LaserSlat SAVER laser-cutting maintenance product, and technology partnerships that expand RF and microwave component offerings. Richardson Electronics emphasizes design-in support, systems integration, prototype manufacturing, testing, logistics, and aftermarket technical service through its global infrastructure.
Richardson Electronics (NASDAQ: RELL) has launched SCOMES, a line of customizable power modules that includes various configurations of rectifier modules ranging from 400V to 2500V and 50A to 600A. The modules come with options for insulated or non-insulated bases. Designed for industrial applications, SCOMES aims to provide innovative solutions tailored to customer needs. The SCOMES Selection Guide offers technical specifications and drawings to enhance product selection. This launch extends Richardson's commitment to serving diverse markets with engineered solutions.
Richardson Electronics reported Q1 FY21 net sales of $38.8 million, down 4.5% from $40.7 million in Q1 FY20, primarily impacted by COVID-19. Gross margin remained stable at 31.8%, slightly lower than 31.9% last year. An operating loss of $0.6 million was noted, compared to a profit of $0.1 million in Q1 FY20. Net loss increased to $1.1 million from a net income of $0.2 million year-over-year. The company declared a quarterly cash dividend of $0.06 per share.
Richardson Electronics (NASDAQ: RELL) reaffirms its partnership with Junkosha, enhancing support for their advanced interconnect cables designed for the 5G market. With over 60 years in the RF industry, Junkosha has developed high-performance mmWave cables capable of operating under extreme conditions. These technologies are vital for next-gen applications like IoT and autonomous vehicles. Richardson's global infrastructure facilitates the distribution of these innovative products, ensuring efficient support for burgeoning 5G networks.
Richardson Electronics (NASDAQ: RELL) announces the availability of General Atomics' high-energy capacitors for pulse power applications. These capacitors, ranging from 1KV to 100KV and customizable up to 2MV, are recognized for their reliability in military, medical, and industrial sectors. The collaboration enhances RELL's position as a preferred channel partner, offering versatile products suited for demanding environments. Both companies express enthusiasm over the partnership, highlighting the technical expertise brought by Richardson's sales team.
Richardson Electronics (NASDAQ: RELL) has added two Field Sales Engineers, Steve Gotwalt and Fred Firoozeh, to enhance its Power & Microwave Technologies group. Gotwalt brings over 25 years of RF & Microwave experience, while Firoozeh has over 20 years in sales and application engineering. The addition aims to boost demand creation and market growth initiatives, particularly focusing on legacy MRO electron device customers. This strategic hiring aligns with the company’s efforts to expand its customer support and service offerings.
Richardson Electronics (NASDAQ: RELL) announced its global support for AMOTECH’s High-Q and broadband multi-layer ceramic capacitors (MLCCs) on September 10, 2020. The High-Q series offers superior equivalent series resistance and high working voltage for frequencies up to 7-8 GHz, while the ABC series is ideal for applications reaching 40 GHz. These products are RoHS compliant and provide significant competitive advantages with superior performance and competitive pricing. Richardson Electronics aims to leverage its global sales team to support AMOTECH’s product offerings effectively.
Richardson Electronics (NASDAQ: RELL) announced a new distribution agreement with AC Propulsion on August 25, 2020, focusing on their inverter products. AC Propulsion specializes in developing high-performance, high-efficiency inverter systems for various markets including automotive and industrial applications. This partnership aims to leverage AC Propulsion’s advanced SiC technology, enhancing Richardson's product offerings and market reach. The collaboration is expected to open new opportunities in growing markets, bolstering both companies' positions in the EV sector.
Richardson Electronics, Ltd (NASDAQ: RELL) announced today that it has received approval for its die handling program from Qorvo, enhancing its ability to serve customers with high-performance RF products. As a factory authorized die movement facility, the company can now fulfill smaller quantity orders for prototypes and pre-production builds, providing greater design flexibility. Executive VP Greg Peloquin highlighted the significance of this certification in supporting global customers. This advancement is crucial for demand creation on die-related products.
Richardson Electronics (NASDAQ: RELL) announced its participation in the KIEES 2020 Summer Symposium, scheduled from August 19-22 on Jeju Island, South Korea. The event will attract nearly 1,000 attendees and focus on advancements in Radio Frequency (RF) and Microwave technologies, including 5G Infrastructure and IoT. Greg Peloquin, Executive VP, emphasized the importance of the Korean market, highlighting its status as a leader in microwave technology and the company’s commitment to investing in regional suppliers.
Richardson Electronics, Ltd. (NASDAQ: RELL) announced its participation in the virtual International Microwave Symposium (IMS2020) from August 4-6, 2020. This conference, focusing on radio frequency and microwave technologies, has transitioned to a digital format due to COVID-19. The event will showcase the latest innovations including 5G developments. RELL's Power & Microwave Technologies group will host a virtual booth, allowing attendees to interact with representatives and access resources until September 30, 2020. The conference participation is free for IEEE MTT-S members and open to others for exhibitions.