Richardson Electronics prelim Q2 rev $54M, up 27% YoY; backlog grows to $147M

RICHARDSON ELECTRONICS, LTD.

Preliminary Q2 FY2022 net sales ~$54.0M, up 27.3% YoY driven by strong demand across all business units.
Backlog increased to $146.9M, up from $126.5M at end of Q1, with growth in each unit.
Began shipping patented ULTRA3000 PEM for GE wind turbines; Canvys and ALTA750 tubes had record quarterly sales.
Full Q2 financial results and outlook update expected on January 5, 2022.

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