{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-003645","form_type":"8-K","ticker":"RELL","cik":"0000355948","company_name":"RICHARDSON ELECTRONICS, LTD.","filed_at":"2024-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.586027+00:00","generated_at":"2026-06-07T01:07:46.484637+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Richardson Electronics Q2 net loss $1.8M on 33% sales drop; declares $0.06 dividend","bullets":["Net loss of $1.8M ($0.13 diluted loss) vs net income of $5.5M ($0.39 diluted EPS) in Q2 last year.","Net sales fell 33% to $44.1M, driven by declines in PMT (-22.9%), GES, and Canvys.","Gross margin contracted to 28.4% from 33.2% on product mix and manufacturing under-absorption.","Backlog increased 2% sequentially; management expects sequential revenue growth in H2.","Declared $0.06 quarterly cash dividend, payable Feb 28, 2024 to holders of record Feb 9."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-003645","json":"https://secwatch.observer/filing/0000950170-24-003645.json","markdown":"https://secwatch.observer/filing/0000950170-24-003645.md","text":"https://secwatch.observer/filing/0000950170-24-003645.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/355948/000095017024003645/0000950170-24-003645-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/355948/000095017024003645/rell-20240110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T01:07:46.484637+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":"f74ce47c3687fef626a77af232a960e217c74818","claim":"RICHARDSON ELECTRONICS, LTD. reported second quarter ended December 2, 2023 results: revenue $44.1 million, net income $1.8 million, EPS $0.13.","evidence_excerpt":"flow, and prudently managing working capital requirements,” concluded Mr. Richardson. Second Quarter Results Net sales for the second quarter of fiscal 2024 decreased 33.0% to $44.1 million compared to net sales of $65.9 million in the prior year’s second quarter due to lower net sales in PMT, GES and Canvys. PMT sales decreased $9.3 million or 22.9% from last","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/355948/000095017024003645/0000950170-24-003645-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended December 2, 2023"},{"label":"Revenue","value":"$44.1 million"},{"label":"Net income","value":"$1.8 million"},{"label":"EPS","value":"$0.13"},{"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"}