RF Industries, Ltd. (RFIL) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.06. This compares to loss of $0.08 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -116.67%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced earnings of $0.01, delivering a surprise of 133.33%. Over the last four quarters, the company has surpasse ...

RF Industries, Ltd. (NASDAQ:RFIL) Q3 2024 Earnings Conference Call September 16, 2024 4:30 PM ET Company Participants Margaret Boyce - IR Rob Dawson - CEO Ray Bibisi - President & COO Peter Yin - CFO Conference Call Participants Josh Nichols - B. Riley Steven Kohl - Mangrove Operator Greetings. Welcome to RF Industries Third Quarter Fiscal 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer will follow the formal presentation. [Operator Ins ...

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 July 31, 2024 ☐ 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) Nevada 88-0168936 (State or other jurisdiction of incorporation or organization) (I.R.S. Employ ...

Exhibit 99.1 RF Industries Reports Third Quarter Fiscal Year 2024 Financial Results SAN DIEGO, CA, September 16, 2024 – RF Industries, Ltd, (NASDAQ: RFIL), a national manufacturer and marketer of interconnect products and systems, today announced third quarter fiscal year 2024 financial results for the quarter ended July 31, 2024. Third Quarter Fiscal Year 2024 Highlights and Operating Results: ● Net sales were $16.8 million; up 4.5% from $16.1 million in the second quarter of fiscal 2024 and up 7.6% from $ ...

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Most Powerful Force Impacting Stock Prices Harnessing the Power of Earnings Estimate Revisions Earnings Estimate Revisions for RF Industries Bottom Line The upgrade of RF Industries to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stoc ...

RF Industries, Ltd. (NASDAQ:RFIL) Q2 2024 Earnings Conference Call June 13, 2024 4:30 PM ET Company Participants Margaret Boyce - Investor Relations Rob Dawson - Chief Executive Officer Ray Bibisi - President and Chief Operating Officer Peter Yin - Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Operator Greetings. Welcome to RF Industries Second Quarter Fiscal 2024 Financial Results Conference Call. At this time all participants are in a listen-only mode. A question-and-answer ...

RF Industries, Ltd. (RFIL) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.06, delivering no surprise. Over the last four quarters, the comp ...

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, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-13301 (Exact name of registrant as specified in its charter) Nevada 88-0168936 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification N ...

RF Industries Reports Second Quarter Fiscal Year 2024 Financial Results SAN DIEGO, CA, June 13, 2024 – RF Industries, Ltd, (NASDAQ: RFIL), a national manufacturer and marketer of interconnect products and systems, today announced second quarter fiscal year 2024 financial results for the quarter ended April 30, 2024. Second Quarter Fiscal Year 2024 Highlights and Operating Results: See "Note Regarding Use of Non-GAAP Financial Measures," "Unaudited Reconciliation of GAAP to non-GAAP Net Income (Loss)" and "U ...

Financial Data and Key Metrics Changes - First quarter sales were $13.5 million, a decrease of $4.9 million or 27% year-over-year and down 15% sequentially [36] - Gross profit margin decreased to 24.5% from 27.7% year-over-year, reflecting a 320 basis point decrease due to lower sales and less leverage to cover fixed costs [36] - The net loss was $1.4 million or $0.13 per diluted share, compared to a net loss of $1.2 million or $0.11 per diluted share for Q1 2023 [54] Business Line Data and Key Metrics Changes - The backlog as of January 31 was $16.2 million, with first quarter bookings of $13.6 million, which increased to $19.3 million subsequently [15][36] - The company has signed long-term master agreements with several customers, indicating a commitment to ongoing business beyond 2024 [7] Market Data and Key Metrics Changes - Telecom companies are expected to increase CapEx spending by up to 5% in 2024, reversing the previous year's 17% decline [47] - 57% of sales came from diverse end markets outside of wireless carrier applications, including manufacturing, public safety, energy, hospitality, education, and medical [8] Company Strategy and Development Direction - The company is focusing on cost reduction initiatives, with a goal to potentially reduce annual expenses by another $3 million by the end of fiscal year 2024 [9] - There is a strategic alignment of sales, product management, engineering, and operations teams to enhance cross-selling opportunities [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in the telecom market and expects a gradual improvement in sales and profitability as CapEx spending normalizes [48][51] - The company is positioned to benefit from diversification that aligns with operating and maintenance budgets, smoothing out the peaks and valleys of carrier CapEx [49] Other Important Information - The company has refinanced its term loan with a new asset-based revolver to support its next phase and provide working capital flexibility [55] - Inventory was reported at $18 million, down from $18.7 million, reflecting a rationalization to address lower demand levels [55] Q&A Session Summary Question: What are the expectations for revenue growth in Q2? - Management expects a nice recovery starting to show in the second quarter, driven by improved order flow [39] Question: Can you elaborate on the potential additional savings of $3 million? - The company is looking at multiple facets of the business, including direct material costs, facility consolidation, and lean principles to eliminate waste [41] Question: How much reliance is there on China for components? - The company indicated that less than 10% of its inventory has a direct connection to China [21] Question: What is the status of obsolete inventory? - Management clarified that while there is some obsolete inventory, much of it is slow-moving and being rationalized to convert to cash [22]