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. 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.
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.
Blackline Safety has appointed Jason W. Cohenour, former President and CEO of Sierra Wireless, to its Board of Directors. Cohenour brings over 30 years of leadership experience in IoT and mobile communications, having led Sierra Wireless in a successful turnaround that grew revenue by nearly 800% to over CAD $1 billion. His expertise is expected to significantly contribute to Blackline's growth as it continues to innovate in connected safety technology.
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.