RF Industries Q1 sales $13.5M, net loss $1.4M; adjusted EBITDA loss $1.1M

R F INDUSTRIES LTD

2024-Q1 EPS reported -$0.13 revenue$13,458,000

Net sales $13.5M, down 26.6% YoY and 15.2% sequentially; net loss $1.4M ($0.13/sh).
Gross margin 24.5%, down from 27.7% YoY; operating loss $2.1M.
Non-GAAP net loss $590k ($0.06/sh) vs $25k loss a year ago; Adjusted EBITDA loss $1.1M vs $78k income.
Backlog $16.2M at quarter-end, now $19.3M; bookings $13.6M.
Refinanced term loan with new asset-based revolver.

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 first quarter ended January 31, 2024 results: revenue $13.5 million, net income $1.4 million, EPS $0.13 per diluted share.

Period: first quarter ended January 31, 2024
Revenue: $13.5 million
Net income: $1.4 million
EPS: $0.13 per diluted share
Result: reported results

Exact text from the filing

first quarter fiscal year 2024 financial results for the quarter ended January 31, 2024. First Quarter Fiscal Year 2024 Highlights and Operating Results: ● Net sales were $13.5 million; down 15.2% from $15.9 million in the fourth quarter of fiscal 2023 and down 26.6% from $18.3 million in the prior-year quarter. ● Backlog of $16.2 million at the end of the

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R F INDUSTRIES LTD filing history →

Source: SEC EDGAR

accession 0001437749-24-008287

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