RF Industries Q4 net sales up 23% to $22.7M; swings to GAAP profit

R F INDUSTRIES LTD

Q4 net sales $22.7M, up 23% YoY; FY25 net sales $80.6M, up 24%.
Q4 GAAP net income $174K ($0.02/share) vs. net loss of $238K year ago.
Non-GAAP net income $2.1M ($0.20/share) in Q4 vs. $394K ($0.04) prior year.
Q4 gross margin 37%, up 600 bps YoY; adjusted EBITDA $2.6M (FY $6.1M).
Backlog $15.5M at quarter end; currently $12.4M.

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