Group 1 - RF Industries, Ltd. (RFIL) reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, and showing an increase from $0.01 per share a year ago, representing an earnings surprise of 75% [1] - The company posted revenues of $18.91 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 9.69%, compared to $16.11 million in the same quarter last year [2] - RF Industries has outperformed the S&P 500, with shares increasing about 5.4% since the beginning of the year, while the S&P 500 gained 1.6% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $17.68 million, and for the current fiscal year, it is $0.23 on revenues of $73.86 million [7] - The Zacks Industry Rank for Semiconductors - Radio Frequency is in the top 39% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]

Financial Data and Key Metrics Changes - Fiscal Q2 net sales increased by 17% to $18.9 million year over year, with gross profit margin at 31.5%, exceeding the target of 30% [6][21] - Operating profit was $106,000 compared to an operating loss of $415,000 in Q2 2024, and adjusted EBITDA was over $1.1 million with a 6% margin [6][22] - Consolidated net loss was $245,000 or $0.02 per diluted share, while non-GAAP net income was $701,000 or $0.07 per diluted share, a significant improvement from a net loss of $4.3 million or $0.41 per diluted share in the prior year [22] Business Line Data and Key Metrics Changes - The company is diversifying its product offerings, with growth in wireless, aerospace, public safety, and industrial sectors [7][8] - Custom cabling projects from aerospace clients have led to repeat business, enhancing credibility in precision-demanding industries [9] - Direct air cooling (DAC) systems are gaining traction, with innovations aimed at reducing energy consumption and costs compared to traditional HVAC systems [10][11] Market Data and Key Metrics Changes - The company has over 100 opportunities in its sales pipeline for wireless DAS build-outs in stadiums and venues, indicating a recovery in this market post-COVID [12][13] - The DAC systems are expanding into wireline telecom, edge data centers, and energy applications, driven by AI demand for data centers [11][12] - The backlog increased from $15 million to $18.4 million, reflecting strong demand across various product lines [6][25] Company Strategy and Development Direction - The company is transitioning from a product-focused model to an integrated solutions provider, enhancing its market diversity [7][18] - There is a focus on operational efficiency, cost management, and leveraging prior acquisitions to create new opportunities [14][19] - The company is actively working to diversify its supply chain to mitigate tariff impacts, with most production domestically sourced [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of fiscal 2025, despite uncertainties related to tariffs and supply chain impacts [15][17] - The company anticipates Q3 sales to be in line with Q2, representing a significant increase over the previous year's Q3 sales of $16.8 million [20] - Management highlighted a strong team and platform for growth, with a focus on penetrating new markets and increasing customer engagement [20][18] Other Important Information - The company is managing its working capital effectively, with cash and cash equivalents at $3.6 million and a current ratio of approximately 1.6:1 [23] - Inventory levels decreased to $12.6 million from $14.7 million, reflecting improved procurement and supply chain processes [24] Q&A Session Summary Question: What is credited for the backlog growth? - The backlog growth is spread across several product areas, indicating a healthy mix of short and long-term opportunities [28][30] Question: Can you provide a revenue contribution breakdown for products like small cells and DAS systems? - The company does not disclose specific contributions but notes that small cells and DAS systems are significant growth areas, particularly in wireless applications [34][36] Question: What is the expected contribution timeline for DAS opportunities? - DAS opportunities are contributing continuously, with expectations for increased performance in the second half of the year [40][41] Question: What is the outlook for the wireless provider contributing 11% of revenue? - The company sees potential for growth with multiple customers contributing to sales, indicating a diverse customer base [44][46] Question: Can you elaborate on the credit facility and expected savings? - The company expects to finalize a new credit agreement in Q3, anticipating meaningful interest rate reductions [53][54] Question: How will the company achieve its 10% EBITDA target? - The company aims to improve product mix, reduce costs, and enhance operational efficiency to reach the EBITDA target [56][58] Question: What is the growth outlook for DAC and small cell products? - Both DAC and small cell products are expected to continue driving growth, supported by diverse customer bases and regional budgets [60][61]

Financial Data and Key Metrics Changes - Fiscal second quarter net sales grew 17% to $18.9 million year over year, with gross profit margin at 31.5%, exceeding the target goal of 30% [6][21] - Operating profit was $106,000 compared to an operating loss of $415,000 in the second quarter of 2024, and adjusted EBITDA was over $1.1 million with a 6% margin [6][22] - Consolidated net loss was $245,000 or $0.02 per diluted share, while non-GAAP net income was $701,000 or $0.07 per diluted share, a significant improvement from a net loss of $4.3 million or $0.41 per diluted share in the prior year [22] Business Line Data and Key Metrics Changes - The company is diversifying its revenue sources across various markets, including wireless, aerospace, public safety, and industrial customers [7][10] - The small cell solutions and direct air cooling (DAC) systems are gaining momentum, with DAC systems expected to reduce operating expenses by up to 70% compared to traditional HVAC systems [10][11] - The backlog increased significantly from $15 million to $18.4 million, indicating strong demand across multiple product lines [6][25] Market Data and Key Metrics Changes - The company is seeing growth opportunities in wireless DAS build-outs in stadiums and venues, with over 100 opportunities in the sales pipeline [10][13] - The demand for DAC systems is driven by the need for efficient cooling solutions in data centers and edge applications, particularly influenced by AI [11][12] - The company has successfully penetrated new markets, including energy, transportation, and wireline telecom, contributing to a more diverse customer base [7][14] Company Strategy and Development Direction - The company is transitioning from a products company to an integrated solutions provider, focusing on diversified end markets [7][18] - There is an emphasis on operational efficiency, cost management, and innovation in product development to drive profitability [19][20] - The management is actively working to diversify the supply chain to mitigate risks associated with tariffs and supply chain disruptions [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current economic environment, highlighting the company's ability to adapt to tariff impacts and supply chain challenges [15][17] - The company anticipates third-quarter sales to be in line with the second quarter, representing a significant increase over the previous year [20] - Management believes the company is well-positioned for growth, with a strong team and a robust platform to capitalize on market opportunities [20][19] Other Important Information - The company has a strong balance sheet with $3.6 million in cash and cash equivalents, and a current ratio of approximately 1.6:1 [23] - Inventory levels decreased to $12.6 million, reflecting improvements in procurement and supply chain processes [24] Q&A Session Summary Question: What would you credit for the backlog growth? - The backlog growth is spread across several product areas, indicating a healthy mix of short and long-term opportunities [28][30] Question: Can you provide a refresher on revenue contributions from different product lines? - The company does not disclose specific contributions but notes that small cell and DAS systems are significant growth areas, with increasing contributions from aerospace and industrial markets [34][36] Question: What is the expected contribution from the distributed antenna systems (DAS)? - DAS opportunities are diverse, including various venues, and the company expects continued contributions from this market [40][41] Question: Can you elaborate on the wireless provider making up 11% of revenue? - The top customer varies each quarter, reflecting a project-based nature of sales, with expectations for repeat purchases and a growing list of customers contributing to sales [44][46] Question: Can you provide more details on the credit facility and expected savings? - The company expects to finalize a new credit agreement in Q3, which should result in meaningful interest rate savings [52][53] Question: How will the company achieve its 10% EBITDA target? - The company aims to improve product mix, reduce costs, and enhance operational efficiency to reach the EBITDA target [54][56] Question: What is the growth outlook for DAC and small cell products? - Both product lines are expected to continue contributing significantly to sales, with a diverse customer base supporting growth [58][60]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-13301 RF INDUSTRIES, LTD. (Exact name of registrant as specified in its charter) 16868 Via Del Campo Court, Suite 200 San Diego, California 92127 (Address of principal executi ...

Management Commentary Exhibit 99.1 FOR IMMEDIATE RELEASE RF Industries Reports Second Quarter Fiscal Year 2025 Financial Results SAN DIEGO, CA, June 16, 2025 – RF Industries, Ltd, (NASDAQ: RFIL), a national manufacturer and marketer of interconnect products and systems, today announced second quarter fiscal year 2025 financial results for the fiscal quarter ended April 30, 2025. Second Quarter Fiscal 2025 Highlights and Operating Results: See "Note Regarding Use of Non-GAAP Financial Measures," "Unaudited R ...

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Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $19.2 million, a significant increase of 42.7% compared to $13.5 million in Q1 2024 [8] - Gross profit margin for Q1 2025 was 29.8%, up from 24.5% year-over-year, reflecting a 530 basis points improvement [29] - Adjusted EBITDA for Q1 2025 was $867,000, a significant improvement from an adjusted EBITDA loss of $1.1 million in Q1 2024 [30] Business Line Data and Key Metrics Changes - The sales mix in Q1 2025 skewed towards higher value offerings, including increased shipments of DAC thermal cooling systems and integrated small cell solutions [11] - Custom cables, wire harnesses, and core distribution-centric RF products also contributed solidly to the quarter [11] Market Data and Key Metrics Changes - Approximately 6% of revenue in Q1 2025 came from export sales, with all production facilities based in the United States [19] - The company is seeing a growing portion of product revenue coming from customers outside of the large Tier 1 wireless carriers [12] Company Strategy and Development Direction - The company is transitioning from a product-centric model to a solutions provider, focusing on comprehensive solutions that address customer needs [24][26] - There is a strategic emphasis on diversifying the customer base and increasing exposure to new end markets, such as aerospace [13][15] - The company anticipates increased spending on wireless network densification and stadium projects throughout 2025 [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum and visibility for future sales, expecting fiscal 2025 revenue to be significantly higher than fiscal 2024 [21][22] - The company is closely monitoring tariff impacts but does not anticipate significant effects on procurement and supply chain activities [19][20] Other Important Information - The company ended Q1 2025 with a backlog of $15.2 million, with bookings of $14.9 million [33] - The current inventory level was $13.5 million, down from $18 million last year, reflecting improvements in procurement and supply chain processes [32] Q&A Session Summary Question: Update on lower margin hybrid product - Management noted that the backlog has maintained around $15 million, with older hybrid fiber products being replaced by newer product lines [38][39] Question: Reason for sequential increase during a slow quarter - The increase was attributed to new product lines and some contribution from operating expenditures, particularly in DAC thermal cooling [44][46] Question: Insights on gross margin changes throughout the year - Management is targeting a gross margin around 30% but sees potential for improvement as production optimization continues [48][50] Question: Impact of new sales team on growth - The performance is partly credited to the new sales team, with expectations for minimal additional spending while capitalizing on recent wins [56][57] Question: Cash flow and debt paydown expectations - Management indicated that cash flow is positive, and they expect to take a chunk out of debt this year as performance improves [76][77] Question: Status of Microlab products - Microlab products have experienced variable performance but are positioned well within the carrier market, contributing positively to the overall strategy [80][82]

RF Industries, Ltd. (NASDAQ:RFIL) Q1 2025 Results Conference Call March 17, 2025 4:30 PM ET Company Participants Donni Case - Investor Relations Rob Dawson - CEO Ray Bibisi - President & COO Peter Yin - CFO Conference Call Participants Steven Kohl - Mangrove Operator Greetings, and welcome to RF Industries First Quarter Fiscal 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instruct ...

分组1 - RF Industries, Ltd. reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, compared to a loss of $0.06 per share a year ago, representing an earnings surprise of 33.33% [1] - The company posted revenues of $19.2 million for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 4.07%, and compared to year-ago revenues of $13.46 million [2] - Over the last four quarters, RF Industries has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] 分组2 - The current consensus EPS estimate for the coming quarter is $0.04 on revenues of $16.92 million, and for the current fiscal year, it is $0.21 on revenues of $72.46 million [7] - The estimate revisions trend for RF Industries is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The Semiconductors - Radio Frequency industry, to which RF Industries belongs, is currently in the bottom 25% of the Zacks Industry Rank, which may impact stock performance [8]