secwatch.observer — SEC 8-K summary
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Issuer:     R F INDUSTRIES LTD (RFIL)
CIK:        0000740664
Form:       8-K
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0001437749-24-020195
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RF Industries Q2 net loss $4.3M on deferred tax adjustment; sales down 28% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740664/000143774924020195/0001437749-24-020195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740664/000143774924020195/rfil20240612_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-020195

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