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RCM Technologies(RCMT) - 2024 Q4 - Earnings Call Transcript
2025-03-13 21:15
Kevin Miller Good morning, and thank you for joining us. This is Kevin Miller, Chief Financial Officer of RCM Technologies. I am joined today by Brad Vizi, RCM's Executive Chairman. Our presentation and this call will contain forward-looking statements. The information contained in the forward-looking statements is based on our beliefs, estimates, assumptions and information currently available to us, and these matters may materially change in the future. Many of these beliefs, estimates and assumptions are ...
RCM Technologies(RCMT) - 2024 Q4 - Annual Report
2025-03-13 21:13
FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Commission file number 1-10245 RCM TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in its Charter) | Nevada | | 95-1480559 | | --- | --- | ...
RCM Technologies(RCMT) - 2024 Q4 - Annual Results
2025-03-12 20:54
Exhibit 99 RCM Technologies, Inc. Tel: 856.356.4500 Corporate Contacts: 2500 McClellan Avenue info@rcmt.com Bradley S. Vizi Pennsauken, NJ 08109 www.rcmt.com Executive Chairman Kevin D. Miller Chief Financial Officer P R E S S R E L E A S E Kevin Miller, Chief Financial Officer of RCM Technologies, commented, "As we look to 2025, we believe we have forged the foundation for increased earnings power." RCM TECHNOLOGIES, INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS Pennsauken, NJ – March 12, 2025 ...
RCM Technologies, Inc. Announces Fourth Quarter and Fiscal Year 2024 Results
GlobeNewswire· 2025-03-12 20:05
Core Viewpoint - RCM Technologies, Inc. reported financial results for the thirteen and fifty-two weeks ended December 28, 2024, showing revenue growth but a decline in net income compared to the previous periods [2][3][4]. Financial Performance - For the thirteen weeks ended December 28, 2024, revenue was $76.9 million, an increase of 8.3% from $71.0 million in the prior quarter [2]. - Gross profit for the current quarter was $21.6 million, consistent with the prior quarter [2]. - GAAP net income for the current quarter was $2.9 million, or $0.37 per diluted share, down from $5.3 million, or $0.65 per diluted share, in the comparable prior quarter [2]. - Adjusted EBITDA for the current quarter was $6.3 million, compared to $8.9 million in the prior quarter [2]. - For the fifty-two weeks ended December 28, 2024, revenue was $278.4 million, a 5.8% increase from $263.2 million in the prior year [3]. - Gross profit for the current year was $79.8 million, a 4.0% increase from $76.7 million in the prior year [3]. - GAAP net income for the current year was $13.3 million, or $1.68 per diluted share, down from $16.8 million, or $1.96 per diluted share, in the prior year [3]. - Adjusted EBITDA for the current year was $25.9 million, compared to $26.6 million in the prior year [3]. Strategic Insights - Executive Chairman Bradley Vizi noted that 2024 demonstrated substantial progress as many strategic initiatives gained traction [4]. - CFO Kevin Miller expressed confidence in the foundation laid for increased earnings power in 2025 [4]. Revenue Breakdown - For the thirteen weeks ended December 28, 2024, revenue by segment was $41.0 million in Specialty Health Care, $26.3 million in Engineering, and $9.6 million in Life Sciences and Data Solutions [18]. - For the fifty-two weeks ended December 28, 2024, revenue by segment was $142.7 million in Specialty Health Care, $96.5 million in Engineering, and $39.2 million in Life Sciences and Data Solutions [18]. Balance Sheet Highlights - As of December 28, 2024, total assets were $132.1 million, up from $120.5 million a year earlier [20]. - Current assets increased to $97.0 million from $90.5 million [20]. - Total liabilities were $98.6 million, compared to $94.7 million in the prior year [20]. Cash Flow Analysis - For the thirteen weeks ended December 28, 2024, net cash used in operating activities was $(1.6) million, compared to $(15.1) million in the prior quarter [23]. - For the fifty-two weeks ended December 28, 2024, net cash provided by operating activities was $6.2 million, down from $12.5 million in the prior year [24].
New research reveals that investing in AI and advanced automation is a top 2025 priority for RCM leaders
Prnewswire· 2025-03-04 14:15
92% of leaders rank AI and advanced automation as a key focus for overcoming industry challengesPatient Access and Claim Management emerge as the top RCM functions prioritized for automation investmentLEHI, Utah and LOUISVILLE, Ky., March 4, 2025 /PRNewswire/ -- Waystar (Nasdaq: WAY), a provider of leading healthcare payment software, today announced the results of a comprehensive Qualtrics market survey identifying the top revenue cycle management (RCM) trends of 2025. The study surveyed 600 healthcare RCM ...
RCM Technologies Expands HCM Software Services with UKG Ready Reseller Offering Empowering Small Businesses with All-In-One HCM Solutions
Newsfilter· 2025-02-25 12:30
PENNSAUKEN, N.J., Feb. 25, 2025 (GLOBE NEWSWIRE) -- RCM Technologies, Inc. (NASDAQGM:RCMT) proudly announces the launch of RCM HCM Solution's new program to resell the UKG Ready suite directly to businesses, marking a significant expansion of its Human Capital Management (HCM) service offerings. As a value-added reseller of UKG Ready technology, RCM brings decades of industry expertise and an exceptional depth of product knowledge to small businesses seeking streamlined HR processes, enhanced operational ef ...
Unlocking Increases in Ethanol Plant Capacity: RCM Technologies Unveils Its Next Technology
GlobeNewswire· 2025-01-23 21:05
The NEXT big thing in sustainable fuel productionPENNSAUKEN, N.J., Jan. 23, 2025 (GLOBE NEWSWIRE) -- RCM Technologies, Inc. (NasdaqGM: RCMT), RCM Thermal Kinetics, a division of RCM Technologies, has announced the launch of its innovative New Ethanol eXpansion Technology (NEXT) program. This solution is designed to revolutionize ethanol plant expansion projects by enhancing production capacity and energy efficiency without requiring costly and time-consuming major equipment replacement. International fuel e ...
RCM Technologies, Inc. (RCMT) Advances But Underperforms Market: Key Facts
ZACKS· 2025-01-22 00:05
RCM Technologies, Inc. (RCMT) closed at $19.55 in the latest trading session, marking a +0.51% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.88%. On the other hand, the Dow registered a gain of 1.24%, and the technology-centric Nasdaq increased by 0.65%.Shares of the company have depreciated by 11.11% over the course of the past month, underperforming the Business Services sector's gain of 0.03% and the S&P 500's gain of 1.17%.Market participants will be closely fol ...
RCM Technologies Should See More Growth In 2025
Seeking Alpha· 2025-01-14 14:00
Staffing and consulting company RCM Technologies, Inc. (NASDAQ: RCMT ) had a run of vigorous growth during the COVID-19 crisis, fell back in late 2022 and the first half of 2023, then began bouncing back inRobert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Air ...
The Zacks Analyst Blog RCM Technologies, Datatec, EVERTEC and Xperi
ZACKS· 2024-12-13 08:15
For Immediate ReleasesChicago, IL – December 13, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including RCM Technologies, Inc. (RCMT) , Datatec Ltd. (DTTLY) , EVERTEC, Inc. (EVTC) and Xperi Inc. (XPER) .Here are highlights from Friday’s Analyst Blog:4 Business Services Stocks You'll Regret Not Buying on Their D ...