Rf Industries Stock Price, News & Analysis

RF Industries announced its first fiscal quarter results for 2023, revealing a net sales increase of 8.4% to $18.3 million compared to Q1 2022. The company reported a gross profit margin of 27.7%, up 360 basis points year-over-year, attributed to higher-margin sales from Microlab. However, it faced an operating loss of $(1.2) million and a consolidated net loss of $(1.2) million, primarily due to decreased sales to wireless carriers. The backlog stands at $24.0 million, and management expects sequential sales growth in Q2 2023, with improved profitability in the second half of the year.

RF Industries (NASDAQ:RFIL) announced participation in the 35th Annual Roth Conference on March 14, 2023. President and CEO Rob Dawson and CFO Peter Yin will engage with institutional investors for one-on-one meetings. RF Industries, a leader in interconnect products, serves diverse markets including wireless/wireline telecom, data communications, and industrial sectors. The company is headquartered in San Diego, CA, with additional locations in New York, Connecticut, Rhode Island, and New Jersey. For inquiries or to schedule meetings, contact RF Industries' investor relations.

RF Industries, Ltd. (NASDAQ:RFIL) will release its financial results for Q1 ending January 31, 2023, on March 13, 2023, after market close. A conference call to discuss these results will take place at 4:30 p.m. ET on the same day. Investors can join the call by dialing 888-506-0062 (US and Canada) or 973-528-0011 (International) with access code 766536. The call will also be available via a live webcast on the company’s investor relations website. RF Industries specializes in interconnect products for various sectors, enhancing its presence in telecommunications and data communications markets.

RF Industries (NASDAQ:RFIL) reported record revenue and adjusted EBITDA for fiscal 2022, with net sales of $85.3 million, up 48% year-over-year. Fourth quarter net sales reached $23.0 million, an 8.9% increase from the previous year. Adjusted EBITDA rose 143% to $6.6 million. The company experienced a 31.0% gross profit margin, improved from 25.3%% in Q4 FY2021. Cash reserves were $4.5 million. Looking ahead, RF Industries expects fiscal 2023 revenues between $90 million and $94 million.

RF Industries (NASDAQ:RFIL) has announced that it will release its financial results for the fourth quarter and fiscal year ended October 31, 2022, on January 12, 2023. The company expects net sales for the full year to be at the high end of its guidance range, projected at $83 million to $85 million. A conference call will be held on the same day at 4:30 p.m. ET to discuss the results, accessible via phone and webcast. RF Industries specializes in manufacturing interconnect products for various markets.

PARTS iD, Inc. (NYSE American: ID) announced the appointment of James Doss as Chief Financial Officer, effective January 1, 2023, following Kailas Agrawal's retirement. Doss brings extensive financial experience, previously serving as CFO at Indyme Solutions and RF Industries, and aims to enhance liquidity and profitability for PARTS iD. The company focuses on digital commerce in the automotive aftermarket and is committed to delivering a superior shopping experience.

RF Industries (NASDAQ:RFIL) reported strong third-quarter results for fiscal 2022, with net sales rising 11% sequentially and 56% year over year to $23.8 million. Microlab contributed significantly, achieving $6.5 million in sales. The company maintained a backlog of $30.6 million and improved its gross profit margin to 30%. Consolidated net income was $771,000, or $0.08 per diluted share. For fiscal 2022, RF Industries anticipates net sales between $83 million and $85 million, indicating at least 45% growth.