Rf Industries Stock Price, News & Analysis

RF Industries announced the appointments of Kay L. Tidwell and Jason Cohenour to its Board of Directors, following the retirement of Marvin Fink, who served for over 20 years. Tidwell brings extensive legal experience, having served as General Counsel for Hudson Pacific Properties, while Cohenour has a strong track record in executive leadership and operations, notably increasing Sierra Wireless' revenue by nearly 800% during his tenure as CEO. The company aims to leverage these new board members' expertise to enhance corporate governance and drive growth, particularly in the 5G communications sector.

RF Industries (NASDAQ:RFIL) will announce its third quarter financial results for the fiscal year 2022 on September 14, 2022, after market close. A conference call and live webcast will occur at 4:30 p.m. ET on the same day to discuss the outcomes. Investors can access the call by dialing 888-506-0062 (US/Canada) or 973-528-0011 (International) using access code 962049. More details can be found on their website.

RF Industries has secured $3.5 million in follow-on orders from a North American Tier 1 wireless carrier for its OptiFlex™ hybrid fiber solution, further solidifying its market position. The company's backlog stands at $31 million as of now, showcasing robust demand for its solutions amid increases in spending on 4G/5G deployments. The orders are set to start shipping in early fiscal year 2023, beginning November 1, 2022. RF Industries continues to expand its offerings in the telecommunications market.

RF Industries, Ltd. (NASDAQ: RFIL) reported a 94% increase in net sales for Q2 fiscal 2022, reaching $21.5 million. Excluding Microlab, net sales rose 64% to $18.1 million. The company’s backlog grew to $34 million, with bookings of $18.8 million. Gross profit margin improved to 28%. However, net income declined to $503,000, or $0.05 per diluted share, down from $4.8 million, or $0.48 per share year-over-year. RF Industries has raised its full-year revenue guidance to $80 million, up from $75 million.

RF Industries, Ltd. (NASDAQ:RFIL) announced a significant order of $6.9 million from its Cables Unlimited division for its OptiFlex™ hybrid fiber solution. This order, part of the company's support for a new North American wireless carrier, contributes to a current backlog of approximately $34 million. Total orders for the hybrid fiber solution have surpassed $7.5 million for this carrier's 4G/5G infrastructure build. The company anticipates starting shipments by the end of fiscal year 2022, signaling strong market demand and a growing presence in the wireless sector.

RF Industries, Ltd. (NASDAQ:RFIL) will announce its financial results for the second quarter ended April 30, 2022, on June 14, 2022, after market close. The company will host a conference call at 4:30 PM ET to discuss these results, accessible via a toll-free number for US and Canada participants. An archived webcast will also be available on its investor relations website. RF Industries manufactures interconnect products for various markets, including telecom and data communications, and is headquartered in San Diego, CA.

RF Industries (NASDAQ:RFIL) announced that President and CEO Rob Dawson, along with CFO Peter Yin, will engage in a fireside chat at the B. Riley Securities 22nd Annual Institutional Investor Conference on May 26, 2022, at 1:40 p.m. PT. The event takes place from May 25-26 at The Beverly Hilton in Beverly Hills, California, featuring one-on-one meetings with institutional investors throughout the day. For meeting arrangements, contact RF Industries’ investor relations firm, MKR Investor Relations.

RF Industries announced the expansion of its small cell concealment solutions with a new patented technology, TruField, developed in partnership with Saint-Gobain. This innovative product offers less than 0.2 dB of RF loss at various angles and is customizable for current and future 4G/5G configurations. TruField is lightweight, climate-resilient, and low maintenance, catering to the growing demand for 5G solutions. RF Industries will showcase this technology at the Connect(X) event on May 23, 2022, positioning itself to meet increasing industry demands.

RF Industries has announced key leadership changes to aid in integrating the acquisition of Microlab/FXR LLC and to enhance its growth strategy. Ray Bibisi has moved to Chief Operating Officer, focusing on operational efficiencies and supply chain optimization. Christophe Massenet has been promoted to Vice President of Technology and Engineering, overseeing a new centralized technology office. These changes aim to bolster the company's innovative product development as it adapts to industry demands.