earnings
confidence high
sentiment positive
materiality 0.70
RF Industries Q3 net sales $15.3M, up 38% seq; backlog $31.5M; expects Q4 revenue growth
R F INDUSTRIES LTD
2021-Q3 EPS reported
$0.53
revenue$36,316,000
- Net sales $15.3M, +38% sequential and +60% YoY; record backlog of $31.5M at quarter-end.
- Net income $926k ($0.09/diluted); non-GAAP net income $1.3M ($0.13/diluted).
- Gross margin 33% (incl. $800k ERC), ex-ERC 28%; adjusted EBITDA $1.0M.
- Q4 revenue expected higher than Q3, exceeding prior guidance; YTD revenue already above full FY2020.
- Cash $12.6M; wireless carrier orders for hybrid fiber cables supporting 5G infrastructure builds.