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, Ltd. (NASDAQ:RFIL) announced it will release its financial results for the first quarter ended January 31, 2022, on March 17, 2022, before market opening. A conference call will follow at 8:30 AM ET to discuss these results. Investors can join the call by calling 877-545-0523 (US) or 973-528-0016 (International) with access code 274196. A live and archived webcast will be available on the company's investor relations website. RF Industries is headquartered in San Diego and specializes in manufacturing interconnect products for various markets.
RF Industries has completed its acquisition of Microlab/FXR LLC, enhancing its portfolio in the RF and Microwave components sector. The acquisition, valued at an undisclosed amount, is anticipated to significantly boost revenue by leveraging Microlab's existing customer relationships and high-performance products, which generated approximately $16 million in revenue and $3.7 million in EBITDA for the year ending September 30, 2021. The combined entity aims to capitalize on growth opportunities in the small cell and DAS markets, promising immediate financial benefits and operational synergies.
RF Industries (NASDAQ:RFIL) announced the lease of an 86,952 square foot facility in San Diego, which will serve as its new corporate headquarters. The move aims to consolidate its RF Connector and Cable Assembly divisions, supporting growth and operational efficiency. The facility is set to enhance production capabilities and foster a collaborative company culture, with over 150 employees expected to work there. The expected move-in date is at the end of 2022, pending renovations.
RF Industries, Ltd. (NASDAQ:RFIL) reported significant fourth quarter and fiscal year financial results for 2021. Net sales surged by 38% sequentially and 97% year-over-year to $21.1 million. The company's backlog at year-end stood at $33.3 million. Gross profit margin was 25.3%, a slight decrease from the previous quarter. The net income for the quarter was $813,000, or $0.08 per diluted share. For fiscal 2021, sales rose 33% year-over-year to $57.4 million, with a net income of $6.2 million, reflecting the impact of the Employee Retention Tax Credits.
RF Industries has announced a definitive agreement to acquire Microlab LLC, a radio frequency components business, for approximately $24.25 million. This acquisition is expected to enhance RF Industries' financials and operating synergies, with Microlab generating about $16 million in revenue and $3.7 million in adjusted EBITDA for the twelve months leading up to September 30, 2021. The transaction, awaiting approval from Wireless Telecom Group shareholders, is anticipated to close in the first quarter of 2022.
RF Industries (NASDAQ:RFIL) will release its financial results for Q4 and fiscal year ending October 31, 2021 on December 22, 2021, before market open. A conference call is scheduled for the same day at 8:30 AM ET to discuss the earnings. Interested parties can join by calling 888-506-0062 for US/Canada or 973-528-0011 for international access. Webcast details will be available on their investor relations website, and a phone replay will be offered post-call for two weeks.
RF Industries announced a follow-on order exceeding $10 million from a tier-1 wireless carrier for its OptiFlex hybrid fiber solution. This order contributes to a total backlog of $34.5 million as of October 12, 2021. The company has previously secured multiple large orders from the same customer this fiscal year. RF Industries emphasizes the increasing demand for its products as carriers accelerate network upgrades, aiming to enhance speed and coverage.
RF Industries, Ltd. (NASDAQ:RFIL) reported strong financial results for Q3 of fiscal 2021, ending July 31, 2021, with net sales rising 38% sequentially and 60% year-over-year, reaching $15.3 million. The company achieved a backlog of $31.5 million, with operating income of $1.2 million, influenced by $800,000 in Employee Retention Tax Credits. Net income stood at $926,000 or $0.09 per diluted share. Looking ahead, the company anticipates further revenue growth in Q4.
RF Industries, Ltd. (NASDAQ: RFIL) will release its third-quarter financial results for the period ending July 31, 2021, on September 13, 2021, after the market closes. The company will hold a conference call on the same day at 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. Investors can access the live call by dialing 844-407-9500 (US) or 862-298-0850 (International). An archived webcast will be available on the company’s website.
RF Industries, Ltd. (NASDAQ:RFIL) announced that its President and CEO Rob Dawson, along with CFO Peter Yin, will present at the Oppenheimer Virtual 24th Annual Technology, Internet & Communications Conference on August 11, 2021, at 9:25 am PT. The presentation will be accessible via a live webcast and replay on the company's investor relations website. Investors can also arrange one-on-one meetings with management throughout the day. RF Industries specializes in manufacturing interconnect products for various sectors including telecom and data communications.