RF Industries Q3 revenue up 7.6% YoY to $16.8M; net loss narrows to $0.07/share

R F INDUSTRIES LTD

2024-Q3 EPS reported -$0.61 revenue$46,404,000

Net sales $16.8M, +4.5% QoQ and +7.6% YoY; backlog $20.1M with $18.9M bookings.
Gross margin improved to 29.5% from 24.4% a year ago; operating loss improved to $419K from $2.0M.
Net loss of $705K ($0.07/diluted share) vs $1.6M ($0.16) YoY; non-GAAP net loss $95K ($0.01).
Adjusted EBITDA positive at $460K vs a loss of $940K in the prior-year third quarter.
Current backlog now $19.5M; management cited improving demand trends.

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