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) 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.
RF Industries has secured a follow-on order worth over $11 million from a tier-1 wireless carrier for its OptiFlex™ hybrid fiber solution, contributing to a total backlog of $32.2 million. Previous orders from the same customer amounted to $6.5 million in March and $7.6 million in May. The company anticipates shipping will commence in early November 2021. This order underscores increased demand for RF Industries' products as wireless carriers ramp up their 5G network infrastructure.
RF Industries, Ltd (NASDAQ:RFIL) announced its second quarter fiscal 2021 results, reporting a 11% sequential increase in net sales to $11.1 million. The company’s backlog at April 30, 2021 was $15.6 million, with current backlog at a record $22.8 million. Gross profit margin was reported at 43%, boosted by $2.6 million in Employee Retention Tax Credits and $2.8 million in PPP loan forgiveness. Net income reached $4.8 million, or $0.48 per diluted share. Looking ahead, the company anticipates continued sales growth in the third quarter and a return to year-over-year revenue growth.
RF Industries (NASDAQ:RFIL) announced it will release its financial results for the second quarter ended April 30, 2021, on June 14, 2021, after market close. The company will host a conference call at 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. Interested parties can access the live call by dialing 877-407-8031 or 201-689-8031 for international callers. An archived version of the call will be available on the company's website along with a phone replay for two weeks post-call.
RF Industries has secured a $7.6 million follow-on order from a tier-1 wireless carrier customer, boosting its backlog to $23.8 million. This order, aimed at aiding the build-out of wireless tower sites, underscores the growing demand for RF Industries' OptiFlex™ hybrid fiber solution. The company anticipates commencing shipments in the second half of the current fiscal year, concluding on October 31, 2021. This significant win is expected to fuel future revenue growth as wireless carriers advance their 5G infrastructure deployments.
RF Industries (NASDAQ:RFIL) has established a Strategic Planning and Capital Allocation Committee aimed at enhancing M&A activities, cost-saving initiatives, and strategic actions for growth. The committee, chaired by Mark Holdsworth, includes board members Gerald Garland and CEO Robert Dawson. The initiative intends to create long-term value for shareholders by identifying actions to accelerate growth in diverse markets, including telecom and data communications. The formation responds to market dynamics and seeks to bolster the company's strategic direction.