secwatch.observer — SEC 8-K summary
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Issuer:     RICHARDSON ELECTRONICS, LTD. (RELL)
CIK:        0000355948
Form:       8-K
Filed at:   2021-10-06T23:59:59+00:00
Accession:  0001564590-21-050329
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richardson Electronics Q1 FY2022 net income $2.6M, sales up 38.4% to $53.7M, declares $0.06 dividend
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- Net sales $53.7M (+38.4% YoY); diluted EPS $0.20 vs loss $0.09 in prior year.
- Operating income $2.8M vs operating loss $0.6M; gross margin 30.3% vs 31.8%.
- Cash and investments $36.4M, down from $43.3M due to working capital for sales growth.
- PMT sales +42.2%, Canvys +25.8%, Healthcare +22.0%; record backlogs for ULTRA3000, microwave, Canvys.
- Board declared $0.06 quarterly dividend, payable Nov 24, 2021 to holders of record Nov 5, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355948/000156459021050329/0001564590-21-050329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355948/000156459021050329/rell-8k_20211006.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-050329

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