RCM Technologies Q2 revenue up 50% to $48.9M; swings to profit of $0.11 EPS

RCM TECHNOLOGIES, INC.

2021-Q2 EPS reported $0.19 revenue$93,482,000

Q2 revenue $48.9M, up 49.9% YoY; gross profit $12.3M, up 44.3%.
GAAP net income $1.3M ($0.11 diluted EPS) vs net loss of $1.0M ($0.08 loss) a year ago.
GAAP operating income $1.9M, compared to a $1.2M loss in prior-year quarter.
Generated $15.3M cash flow from operations in Q2; management cites strong momentum.
First-half revenue $93.5M, up 20.3%; net income $2.3M vs net loss $6.9M.

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