secwatch.observer — SEC 8-K summary
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Issuer:     R F INDUSTRIES LTD (RFIL)
CIK:        0000740664
Form:       8-K/A
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001437749-22-012570
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RF Industries completes Microlab acquisition for $24.25M; reports audited 2021 revenue of $17.8M
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- Purchase price $24.25M for 100% of Microlab from Wireless Telecom Group; closed March 1, 2022.
- Microlab 2021 audited financials: net revenue $17.76M, net income $158K, total assets $22.61M.
- Microlab's 2021 gross profit $7.50M (42.2% margin); operating income $173K.
- Pro forma condensed combined financials filed for fiscal year ended Oct 31, 2021, assuming acquisition occurred Nov 1, 2020.
- One customer accounted for 15.4% of Microlab's 2021 revenue; two customers each >13% of receivables.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740664/000143774922012570/0001437749-22-012570-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740664/000143774922012570/rfil20220512_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-012570

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