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RF Industries Announces New Orders Exceeding $4 Million

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RF Industries (NASDAQ: RFIL) has announced over $4 million in new orders from multiple customers in the North American wireless carrier ecosystem. These orders include OptiFlex™ hybrid fiber, small cell solutions, and a $2.7 million long-term project for DAC Thermal Cooling solutions. The company's backlog as of July 31, 2024, stands at approximately $20.7 million, a 15% increase from $18.0 million at the end of the fiscal second quarter. RFI expects third quarter fiscal sales to have increased sequentially compared to the second fiscal quarter.

CEO Robert Dawson highlighted the company's expanding value proposition in the wireless market and the cost-effectiveness of their technology-forward solutions. He emphasized the potential of their DAC thermal cooling systems, which can reduce electricity consumption by up to 75% compared to traditional HVAC systems.

RF Industries (NASDAQ: RFIL) ha annunciato oltre 4 milioni di dollari in nuovi ordini da più clienti nell'ecosistema dei carrier wireless nordamericani. Questi ordini includono soluzioni in fibra ibrida OptiFlex™, soluzioni per celle piccole e un progetto a lungo termine da 2,7 milioni di dollari per le soluzioni di raffreddamento termico DAC. L'ordine residuo dell'azienda al 31 luglio 2024 è di circa 20,7 milioni di dollari, con un aumento del 15% rispetto ai 18,0 milioni di dollari alla fine del secondo trimestre fiscale. RFI prevede un incremento delle vendite nel terzo trimestre fiscale rispetto al secondo trimestre fiscale.

Il CEO Robert Dawson ha evidenziato la proposta di valore in espansione dell'azienda nel mercato wireless e la convenienza economica delle loro soluzioni tecnologiche avanzate. Ha sottolineato il potenziale dei loro sistemi di raffreddamento termico DAC, che possono ridurre il consumo di energia fino al 75% rispetto ai tradizionali sistemi HVAC.

RF Industries (NASDAQ: RFIL) ha anunciado más de 4 millones de dólares en nuevos pedidos de múltiples clientes en el ecosistema de carriers inalámbricos de América del Norte. Estos pedidos incluyen soluciones de fibra híbrida OptiFlex™, soluciones para pequeñas celdas y un proyecto a largo plazo de 2,7 millones de dólares para soluciones de refrigeración térmica DAC. La cartera de pedidos de la empresa al 31 de julio de 2024 se sitúa en aproximadamente 20,7 millones de dólares, lo que representa un aumento del 15% respecto a los 18,0 millones de dólares al final del segundo trimestre fiscal. RFI espera que las ventas del tercer trimestre fiscal hayan aumentado secuencialmente en comparación con el segundo trimestre fiscal.

El CEO Robert Dawson destacó la propuesta de valor en expansión de la empresa en el mercado inalámbrico y la rentabilidad de sus soluciones tecnológicamente avanzadas. Subrayó el potencial de sus sistemas de refrigeración térmica DAC, que pueden reducir el consumo de electricidad hasta un 75% en comparación con los sistemas HVAC tradicionales.

RF Industries (NASDAQ: RFIL)는 북미 무선 통신사 생태계 내의 여러 고객으로부터 400만 달러 이상의 신규 주문 을 발표했습니다. 이러한 주문에는 OptiFlex™ 하이브리드 광섬유, 소형 셀 솔루션 및 270만 달러 규모의 장기 프로젝트인 DAC 열 냉각 솔루션이 포함됩니다. 2024년 7월 31일 현재 회사의 잔고는 약 2070만 달러로, 2분기 말 1800만 달러에서 15% 증가한 수치입니다. RFI는 3분기 회계 매출이 2분기와 비교하여 증가했을 것으로 예상하고 있습니다.

CEO 로버트 도슨은 무선 시장에서의 회사 가치 제안이 확장되고 있으며 그들의 기술 지향 솔루션의 비용 효과성을 강조했습니다. 그는 기존 HVAC 시스템과 비교하여 전기 소비를 최대 75%까지 줄일 수 있는 DAC 열 냉각 시스템의 잠재력을 강조했습니다.

RF Industries (NASDAQ: RFIL) a annoncé plus de 4 millions de dollars de nouvelles commandes de plusieurs clients dans l'écosystème des opérateurs sans fil en Amérique du Nord. Ces commandes incluent des solutions de fibre hybride OptiFlex™, des petites cellules, et un projet à long terme de 2,7 millions de dollars pour les solutions de refroidissement thermique DAC. Le carnet de commandes de l'entreprise au 31 juillet 2024 s'élève à environ 20,7 millions de dollars, soit une augmentation de 15% par rapport à 18,0 millions de dollars à la fin du deuxième trimestre fiscal. RFI s'attend à ce que les ventes du troisième trimestre fiscal aient augmenté de manière séquentielle par rapport au deuxième trimestre fiscal.

Le PDG Robert Dawson a souligné l'expansion de la proposition de valeur de l'entreprise sur le marché sans fil et l'efficacité coût de leurs solutions tournées vers la technologie. Il a mis en avant le potentiel de leurs systèmes de refroidissement thermique DAC, qui peuvent réduire la consommation d'électricité jusqu'à 75% par rapport aux systèmes HVAC traditionnels.

RF Industries (NASDAQ: RFIL) hat über 4 Millionen Dollar an neuen Aufträgen von mehreren Kunden im nordamerikanischen Mobilfunkanbieter-Ökosystem angekündigt. Diese Bestellungen umfassen OptiFlex™ Hybrides Glasfaser, kleine Zelllösungen und ein langfristiges Projekt im Wert von 2,7 Millionen Dollar für DAC Thermalkühlungslösungen. Der Auftragsbestand des Unternehmens zum 31. Juli 2024 liegt bei etwa 20,7 Millionen Dollar, was einem 15%igen Anstieg im Vergleich zu 18,0 Millionen Dollar am Ende des zweiten Geschäftsjahresquartals entspricht. RFI erwartet, dass die Umsätze im dritten Quartal der Rechnungslegung im Vergleich zum zweiten Geschäftsjahrquartal gestiegen sind.

CEO Robert Dawson hob das wachsendes Wertangebot des Unternehmens im Wireless-Markt und die Kostenwirksamkeit ihrer technologieorientierten Lösungen hervor. Er betonte das Potenzial ihrer DAC Thermalkühlsysteme, die den Stromverbrauch um bis zu 75% im Vergleich zu herkömmlichen HVAC-Systemen senken können.

Positive
  • Secured over $4 million in new orders from multiple customers
  • Backlog increased by 15% to $20.7 million as of July 31, 2024
  • Expects sequential increase in third quarter fiscal sales
  • Secured a $2.7 million long-term project for DAC Thermal Cooling solutions
  • DAC systems can reduce electricity consumption by up to 75% compared to traditional HVAC systems
Negative
  • None.

Insights

The $4 million in new orders and 15% increase in backlog to $20.7 million are positive indicators for RF Industries. The company's ability to secure orders across multiple customers in the North American wireless carrier ecosystem demonstrates market traction. The $2.7 million long-term project for DAC Thermal Cooling solutions is particularly noteworthy, as it suggests potential for recurring revenue and market expansion.

However, investors should note that while Q3 fiscal sales are expected to increase sequentially, no specific financial figures were provided. The company's focus on cost-effective and energy-efficient solutions aligns well with industry trends, potentially positioning RFI for future growth in the 5G rollout. Overall, this news suggests positive momentum, but careful monitoring of upcoming financial results will be important to assess the full impact on RFI's bottom line.

RF Industries' recent orders highlight the growing demand for advanced interconnect products in the wireless infrastructure sector. The company's OptiFlex hybrid fiber and small cell solutions are important components for 5G network deployments, indicating RFI's strategic positioning in this evolving market.

The DAC Thermal Cooling system is particularly impressive, offering up to 75% reduction in electricity consumption compared to traditional HVAC systems. This eco-friendly solution addresses the critical challenge of energy efficiency in telecom infrastructure, potentially giving RFI a competitive edge. As carriers seek to optimize their networks while reducing operational costs and environmental impact, RFI's innovative products could see increased adoption, driving long-term growth opportunities in the wireless carrier ecosystem.

New orders across multiple customers and products provide increasing evidence of RFI's market opportunity

SAN DIEGO, CA / ACCESSWIRE / August 6, 2024 / RF Industries, Ltd. ("RFI" or the "Company") (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced more than $4 million in recent orders across multiple customers in the North American wireless carrier ecosystem. The Company has recently received significant new orders for products including OptiFlex™ hybrid fiber, small cell solutions, and a $2.7 million long-term project for our DAC Thermal Cooling solutions from an additional customer in the Tier 1 wireless carrier ecosystem. With these orders, the Company's backlog at July 31, 2024 stands at approximately $20.7 million, a 15% increase from $18.0 million at the end of the fiscal second quarter.

In accordance with previous guidance, RFI believes third quarter fiscal sales increased sequentially versus the second fiscal quarter.

"These new orders, including the long-term DAC project with an additional key customer, demonstrate continued momentum that we are driving in the North American wireless carrier market. We have worked diligently over the last several quarters to expand our value proposition with key customers in the wireless market even while the broader spend was slower. We believe that our technology-forward solutions are being selected for their cost-effective impact on customer build plans. This order for our DAC thermal cooling systems is another great win for us and an example of how our products can add value in the market. We continue to be encouraged by the broader opportunities for our DAC solutions, which are an industry-leading direct air cooling system providing low-maintenance, energy-efficient and environmentally friendly cooling options for equipment cabinets, shelters, and enclosures. Our DAC systems are proven to reduce electricity consumption by up to 75% compared to traditional HVAC systems," said Robert Dawson, Chief Executive Officer of RF Industries.

About RF Industries

RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets, including wireless/wireline telecom, data communications and industrial. The Company's products include high-performance components used in commercial applications such as RF connectors and adapters, RF passives including dividers, directional couplers and filters, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems and integrated small cell enclosures. The Company is headquartered in San Diego, California with additional operations in New York, Connecticut, and New Jersey. Please visit the RF Industries website at www.rfindustries.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to future events. Forward looking statements include, among others, statements concerning our expectations about profitability, revenues, industry trends, wireless and other markets and demand for our products, current and future purchase orders and backlogs, and the expected benefits and desirability of our products, in each case which are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: the Company's cash and liquidity needs, ability to continue as a going concern, non-compliance with terms and covenants in our credit facility, changes in the telecommunications industry and materialization and timing of expected network buildouts; timing and breadth of new products; our ability to realize increased sales; successfully integrating new products and teams; our ability to execute on its go-to-market strategies and channel models; our reliance on certain distributors and customers for a significant portion of anticipated revenues; the impact of existing and additional future tariffs imposed by U.S. and foreign nations; our ability to expand our OEM relationships; our ability to continue to deliver newly designed and custom fiber optic and cabling products to principal customers; our ability to maintain strong margins and diversify our customer base; our ability to initiate operating efficiencies, cost savings and expense reductions; our ability to address the changing needs of the market and capitalize on new market opportunities; our ability to add value to our customer's needs; the success of any product launches; and our ability to increase revenue, gross margins or obtain profitability in a timely manner. Further discussion of these and other potential risks and uncertainties may be found in the Company's public filings with the Securities and Exchange Commission (www.sec.gov) including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements are based upon information available to the Company on the date they are published, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or new information after the date of this release.

RF Industries Contact:
Peter Yin
SVP and CFO
(858) 549-6340
rfi@rfindustries.com

IR Contact:
Margaret Boyce
Financial Profiles, Inc.
(310) 622-8247
RFIL@finprofiles.com

SOURCE: RF Industries



View the original press release on accesswire.com

FAQ

What is the value of RF Industries' (RFIL) recent new orders?

RF Industries (RFIL) has announced new orders exceeding $4 million across multiple customers in the North American wireless carrier ecosystem.

What is RF Industries' (RFIL) backlog as of July 31, 2024?

RF Industries' (RFIL) backlog as of July 31, 2024, stands at approximately $20.7 million, representing a 15% increase from $18.0 million at the end of the fiscal second quarter.

What products are included in RF Industries' (RFIL) recent orders?

RF Industries' (RFIL) recent orders include OptiFlex™ hybrid fiber, small cell solutions, and a $2.7 million long-term project for DAC Thermal Cooling solutions.

How much can RF Industries' (RFIL) DAC systems reduce electricity consumption?

RF Industries' (RFIL) DAC systems are reported to reduce electricity consumption by up to 75% compared to traditional HVAC systems.

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