RF Industries Q2 sales up 94% to $21.5M; raises full-year revenue guidance

R F INDUSTRIES LTD

2022-Q2 EPS reported $0.02 revenue$38,423,000

Net sales $21.5M (+94% YoY); backlog $27.6M; bookings $18.8M; current backlog $34M.
GAAP net income $503K ($0.05 diluted) includes $637K one-time charges; Adjusted EBITDA $2.0M.
Non-GAAP net income $1.3M ($0.13 diluted); gross margin 28% vs 24% prior quarter.
Cash $3.8M; full $3M revolver available; full-year revenue guidance raised (no specific range provided).

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