RF Industries Q4 GAAP EPS $0.04, non-GAAP $0.15; FY22 revenue up 48% to $85.3M, adjusted EBITDA $6.6M

R F INDUSTRIES LTD

Q4 net sales $23.0M, +8.9% YoY; full-year net sales $85.3M, +48% YoY.
Q4 GAAP net income $451K ($0.04/diluted); non-GAAP net income $1.5M ($0.15/diluted).
Full-year adjusted EBITDA $6.6M, up 143% YoY; year-end backlog $27.8M.
Q4 gross margin improved 570 bps to 31.0% from 25.3% a year ago.
Microlab acquisition contributed $15.0M to FY22 revenue over 8 months.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

R F INDUSTRIES LTD reported the fiscal year ended October 31, 2022 results: revenue $85.3 million.

Period: the fiscal year ended October 31, 2022
Revenue: $85.3 million
Result: reported results

Exact text from the filing

Fiscal 2022 Highlights and Operating Results: ● Net sales increased 48% year-over-year to $85.3 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

R F INDUSTRIES LTD reported the fourth quarter ended October 31, 2022 results: revenue $23.0 million, net income $451,000, EPS $0.04 per diluted share.

Period: the fourth quarter ended October 31, 2022
Revenue: $23.0 million
Net income: $451,000
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

Fourth Quarter Fiscal 2022 Highlights and Operating Results: ● Net sales were $23.0 million; down slightly on a sequential basis, and an increase of 8.9% year-over-year.

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R F INDUSTRIES LTD filing history →

Source: SEC EDGAR

accession 0001437749-23-000952

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