secwatch.observer — SEC 8-K summary
======================================

Issuer:     R F INDUSTRIES LTD (RFIL)
CIK:        0000740664
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001437749-24-008287
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740664/000143774924008287/0001437749-24-008287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740664/000143774924008287/rfil20240315_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-008287

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