earnings
confidence high
sentiment negative
materiality 0.60
RF Industries Q2 net loss $4.3M on deferred tax adjustment; sales down 28% YoY
R F INDUSTRIES LTD
2024-Q2 EPS reported
-$0.54
revenue$29,568,000
- Net sales $16.1M, up 19.7% sequentially but down 28% from $22.3M YoY.
- GAAP net loss $4.3M ($0.41 EPS) includes non-cash deferred tax valuation allowance; non-GAAP net income $132k ($0.01 EPS).
- Operating loss $415k improved from Q1 loss $2.1M, down from income $489K YoY.
- Gross margin 29.9%, up from 24.5% Q1 and 27.4% YoY.
- Backlog $18M at quarter end, now $20M on bookings of $17.9M.