RF Industries Ltd. reports recurring developments tied to its business as a manufacturer and marketer of interconnect products and systems. The company designs RF connectors and adapters, RF passives, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems and integrated small cell enclosures for wireless and wireline telecom, data communications, industrial and related commercial applications.
News about RFIL commonly centers on quarterly and annual results, order bookings, backlog, customer orders and product demand across its operating markets. Company updates also cover Cables Unlimited custom cabling activity, aerospace-related orders, small cell and thermal cooling solutions, and management commentary on cost structure, margins and market diversification.
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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.