RCM Technologies Q3 revenue up 44% YoY to $45.5M; net income $2.8M vs loss

RCM TECHNOLOGIES, INC.

2021-Q3 EPS reported $0.43 revenue$138,953,000

Q3 revenue $45.5M (+44.1% YoY); GAAP net income $2.8M ($0.24/diluted) vs loss of $0.2M.
Adjusted EBITDA $1.9M vs $0.2M in prior year; 39-week adjusted EBITDA $5.9M up from $0.3M.
Sold Canadian Power Systems assets on July 30, 2021; recorded $2.1M gain on sale.
Ended Q3 with favorable net debt position; expects working capital investment in Q4.

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