RF Industries Q3 net sales down 34% to $15.7M, net loss of $(0.16) per share

R F INDUSTRIES LTD

2023-Q3 EPS reported -$0.22 revenue$56,294,000

Net sales $15.7M vs $23.8M a year ago, driven by lower hybrid fiber cable sales to wireless carriers.
Operating loss of $(2.0)M vs operating income of $1.1M in Q3 2022.
GAAP net loss $(1.6)M ($(0.16) diluted EPS); non-GAAP net loss $(784K) ($(0.08) EPS).
Adjusted EBITDA negative $(940K) vs positive $2.1M in prior-year quarter.
Cost reduction initiatives cut Q3 opex $330K; expects annual savings of ~$2.5M.

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 0.95

R F INDUSTRIES LTD reported third fiscal quarter ended July 31, 2023 results: revenue $15.7 million, net income $(1.6) million, EPS $(0.16) per diluted share.

Period: third fiscal quarter ended July 31, 2023
Revenue: $15.7 million
Net income: $(1.6) million
EPS: $(0.16) per diluted share
Result: reported results

Exact text from the filing

Net sales decreased 34% to $15.7 million compared to sales of $23.8 million in the third quarter of fiscal 2022

View on SEC.gov

321 earnings releases filed in the last 30 days. Browse all earnings releases →

R F INDUSTRIES LTD filing history →

Source: SEC EDGAR

accession 0001437749-23-025901

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.