secwatch.observer — SEC 8-K summary
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Issuer:     RCM TECHNOLOGIES, INC. (RCMT)
CIK:        0000700841
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001437749-22-009882
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700841/000143774922009882/0001437749-22-009882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700841/000143774922009882/rcmt20220426b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-009882

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer