secwatch.observer — SEC 8-K summary
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Issuer:     R F INDUSTRIES LTD (RFIL)
CIK:        0000740664
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001437749-23-006361
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RF Industries Q1 net loss widens to $1.2M; revenue up 8.4%
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- Net sales of $18.3M (+8.4% YoY) driven by Microlab's higher-margin contribution.
- Operating loss of $(1.2)M vs $(362K) loss a year ago; net loss $(1.2)M ($(0.11)/diluted share) vs $(277K) loss.
- Gross margin improved 360 bps to 27.7% from 24.1% due to product mix shift.
- Non-GAAP net loss of $(25K) vs non-GAAP net income of $691K; Adjusted EBITDA $78K vs $691K.
- Backlog at quarter-end $24.5M on bookings of $15.0M; current backlog $24.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740664/000143774923006361/0001437749-23-006361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740664/000143774923006361/rfil20230313_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-006361

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