RF Industries reports Q4 sales $21.1M (+97%), FY net income $6.2M ($0.61 diluted EPS); guides FY22 >$63M revenue

R F INDUSTRIES LTD

2021-FY EPS reported $0.61 revenue$57,424,000

Q4 net sales $21.1M, +38% sequential and +97% YoY; backlog $33.3M at Oct 31, 2021.
FY2021 net sales $57.4M (+33% YoY); GAAP net income $6.2M ($0.61 diluted EPS); non-GAAP EPS $0.70.
Adjusted EBITDA for FY2021 $2.7M, +109% YoY.
Company expects FY2022 revenue >$63M, excluding Microlab acquisition.
Announced acquisition of Microlab (Wireless Telecom Group division) expected to close in fiscal 2022.

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