{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-052895","form_type":"8-K","ticker":"RELL","cik":"0000355948","company_name":"RICHARDSON ELECTRONICS, LTD.","filed_at":"2023-10-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.664139+00:00","generated_at":"2026-06-10T01:52:22.315949+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Richardson Electronics Q1 net sales down 22% to $52.6M; EPS $0.09","bullets":["Net sales $52.6M, down 22.2% YoY; diluted EPS $0.09 vs $0.45.","Operating income fell to $1.5M from $8.8M; gross margin 32.8% vs 34.1%.","Sales drop driven by semiconductor wafer fab customers and wind turbine ultracapacitor modules.","No debt; cash and investments $24.1M. Board declared $0.06 quarterly dividend payable Nov 29.","Backlog $148.1M vs $160.4M at Q4 FY23."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-052895","json":"https://secwatch.observer/filing/0000950170-23-052895.json","markdown":"https://secwatch.observer/filing/0000950170-23-052895.md","text":"https://secwatch.observer/filing/0000950170-23-052895.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/355948/000095017023052895/0000950170-23-052895-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/355948/000095017023052895/rell-20231011.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T01:52:22.315949+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e18be6d8b8f362512596a49b46650fc34643b1aa","claim":"RICHARDSON ELECTRONICS, LTD. reported first quarter ended September 2, 2023 results: revenue $52.6 million, net income $1.2 million, EPS $0.09.","evidence_excerpt":"(630) 208-2200 | Fax: (630) 208-2550 RICHARDSON ELECTRONICS REPORTS FIRST QUARTER FISCAL 2024 AND DECLARES QUARTERLY CASH DIVIDEND First Quarter Highlights • Net sales of $52.6 million were down $15.0 million, or 22.2% from last year’s first quarter primarily due to a near-term reduction in sales to semiconductor wafer fab customers, and a timing-related","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/355948/000095017023052895/0000950170-23-052895-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended September 2, 2023"},{"label":"Revenue","value":"$52.6 million"},{"label":"Net income","value":"$1.2 million"},{"label":"EPS","value":"$0.09"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}