RCM Technologies Q1 revenue $82M, up 84% YoY; adjusted EBITDA $9.3M, up 440% YoY

RCM TECHNOLOGIES, INC.

2022-Q1 EPS reported $0.62 revenue$81,961,000

Revenue of $82.0M for 13 weeks ended Apr 2, 2022, +84% vs $44.5M a year ago.
Gross profit $23.4M, +115.8% YoY; GAAP operating income $9.0M vs $1.4M.
GAAP net income $6.5M ($0.62 diluted EPS) vs $1.0M ($0.08) in prior year.
Adjusted EBITDA $9.3M, up 74% sequentially and 440% year-over-year.
Generated $2.5M cash from operations; expects strong cash flow through FY 2022.

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