secwatch.observer — SEC 8-K summary
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Issuer:     RCM TECHNOLOGIES, INC. (RCMT)
CIK:        0000700841
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001437749-23-030962
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RCM Tech Q3 2023 revenue $58M, net income $3.8M ($0.46 EPS); nine-month results decline
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- Q3 revenue $58.0M (-0.2% YoY); gross profit $17.3M (-0.4% YoY).
- GAAP net income $3.8M ($0.46 diluted EPS) vs $3.5M ($0.33) prior year.
- Adjusted EBITDA (non-GAAP) $4.6M vs $4.8M in prior-year quarter.
- Nine-month revenue $192.2M (-10.4% YoY); net income $11.6M ($1.33 diluted EPS).
- Q3 gross margin improved 180 bps over Q2; management expects Q4 to be strongest quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700841/000143774923030962/0001437749-23-030962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700841/000143774923030962/rcmt20231103_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030962

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