Richardson Electrs Ltd Stock Price, News & Analysis

Richardson Electronics (NASDAQ: RELL) has entered into a global sales distribution agreement with Altum RF, enhancing its RF and microwave product offerings. This partnership focuses on high-performance RF to millimeter-wave semiconductor solutions, supporting applications in 5G/6G, SATCOM, and defense sectors. Altum RF aims to leverage Richardson's 75 years of experience for better design-in support and logistics, while Richardson continues to provide comprehensive solutions globally. This collaboration marks a significant step in expanding both companies' market reach.

Richardson Electronics has announced the availability of its ALTA750® CT Tube in Canada after receiving MDSAP certification and a Canadian Device License. This certification streamlines regulatory audits for medical device manufacturers, ensuring compliance with multiple jurisdictions. The company demonstrated its commitment to quality through rigorous audits of its processes. This achievement allows Richardson to cater to the Canadian healthcare market, affirming its 75-year legacy of quality in medical products.

Richardson Electronics, Ltd. (NASDAQ: RELL) will participate in the International Microwave Symposium (IMS2022) in Denver, Colorado, from June 21-23, 2022. This premier event focuses on recent advancements in RF and microwave technologies, emphasizing areas like 5G and telecom applications. Celebrating its 75th anniversary, the company plans to showcase its technology partners and innovations at booth 3006. Richardson Electronics specializes in engineered solutions and components for various industries, with over 60% of products manufactured in the U.S. and Europe.

Canvys, a division of Richardson Electronics, has launched a new 18.5-inch Full HD monitor designed for both medical and industrial applications. This display features a resolution of 1920 x 1080 pixels and offers customization options for OEMs. Key specifications include a brightness of 500 cd/m², a typical contrast ratio of 1,000 to 1, and a 10-point touchscreen option. It complies with medical device certifications and is designed to prevent dust and liquid intrusion. For more details, visit Canvys website.

Richardson Electronics, Ltd. (RELL) anticipates preliminary fourth quarter FY22 net sales between $60.5 million and $62.5 million, reflecting a 19.9%-23.8% year-over-year increase. For the full fiscal year, net sales are projected to be $222.0 million to $226.0 million, indicating 25.5%-27.7% growth. The company's backlog grew to $206.2 million from $175.6 million in the previous quarter and $110.0 million in the prior year. This marks the eighth consecutive quarter of sales growth, driven by strong demand and new product initiatives.

Richardson Electronics, Ltd. (NASDAQ: RELL) announced it will present at the LD Micro Invitational XII on June 8, 2022, at 2:30 P.M. PT / 5:30 P.M. ET. CEO Edward J. Richardson will lead the presentation, detailing the company's third quarter fiscal year 2022 performance and upcoming initiatives, including updates on its ULTRA3000 and ULTRAGEN3000 products. The conference runs from June 7-9, 2022, and features numerous presentations for investors.

Richardson Electronics, Ltd. (NASDAQ: RELL) will present at the Sidoti & Company Virtual Micro Cap Investor Conference on May 11 and 12, 2022. Chairman and CEO Edward J. Richardson will deliver a presentation on May 11 at 12:15 P.M. ET. The company will discuss its performance for the third quarter of fiscal year 2022 and update investors on growth initiatives, including the ULTRA3000® Pitch Energy Module and other green energy solutions. Registration for the event is free, and a replay of the presentation will be available for 90 days.

Richardson Electronics will showcase its patented ULTRA3000® pitch energy module at the CLEANPOWER 2022 event on May 16-18 in San Antonio, TX. This ultracapacitor-based technology is designed for wind turbine power management, offering advantages over traditional lead-acid batteries including reduced installation costs and decreased downtime. With a robust operational history, the ULTRA3000® aligns with Richardson's 75-year legacy of providing engineered solutions in various industries. Attendees can visit booth #2122 for more insights into their innovations.