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) 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.
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.