Welcome to our dedicated page for Rf Industries news (Ticker: RFIL), a resource for investors and traders seeking the latest updates and insights on Rf Industries stock.
RF Industries Ltd (NASDAQ: RFIL) is a national manufacturer and marketer of interconnect products and systems serving wireless and wireline telecom, data communications, industrial applications, and aerospace. News about RFIL often centers on its financial results, orders from key customers, and developments in its higher-value technology solutions.
Company earnings releases provide details on quarterly and annual net sales, gross profit margins, operating income or loss, net income or loss, and non-GAAP metrics such as Adjusted EBITDA and non-GAAP earnings per share. These updates also discuss bookings and backlog, which RF Industries uses as indicators of expected future revenues based on firm orders.
Investors following RFIL news will see announcements of follow-on and additional orders for custom cabling solutions from a leading aerospace company through the Cables Unlimited division, as well as orders for integrated small cell shrouds and related materials from a Tier 1 wireless carrier customer. Management commentary in these releases highlights the role of custom cabling, DAC thermal cooling solutions, and integrated small cell products in the company’s product mix and strategy to position itself as a technology-solutions provider.
Other RFIL news items include notifications about upcoming earnings release dates and related conference calls and webcasts. These notices specify when financial results will be issued and how participants can access live or archived audio webcasts. Together, these news updates give investors and analysts insight into RF Industries’ operating performance, demand trends across telecom, industrial, data communications, and aerospace markets, and the company’s progress on its strategic priorities.
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.
RF Industries, Ltd. (NASDAQ:RFIL) reported a robust 69% year-over-year increase in net sales for Q1 fiscal 2022, reaching $16.9 million. The company’s backlog stood at $27.9 million as of January 31, 2022. Despite a gross profit margin decrease to 24% from 26% due to supply chain issues, the operating loss improved to $362,000 from $589,000 year-over-year. The net loss narrowed to $277,000 ($0.03 per diluted share). Highlighting strong growth potential, RF Industries raised its full-year revenue guidance from over $63 million to over $75 million.