secwatch.observer — SEC 8-K summary
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Issuer:     RICHARDSON ELECTRONICS, LTD. (RELL)
CIK:        0000355948
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000950170-24-086120
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RELL Q4 sales fall 19.5% to $47.4M, posts operating loss of $0.1M; FY net income $0.1M vs $22.3M
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- Q4 sales $47.4M (-19.5% YoY); operating loss $0.1M vs prior-year income $1.4M.
- GAAP diluted EPS -$0.01; non-GAAP diluted EPS $0.02.
- FY2024 sales $196.5M (-25.2%); net income $0.1M vs $22.3M; EPS $0.00 vs $1.55.
- Cash $24.3M, no debt; declared quarterly dividend $0.06/share.
- Management expects year-over-year sales growth and higher profitability in FY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355948/000095017024086120/0000950170-24-086120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355948/000095017024086120/rell-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-086120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer