Financial Data and Key Metrics Changes - Sales for Q2 2021 reached $11.1 million, representing an 11% sequential increase and a 6% year-over-year increase [9][32] - Gross margin for Q2 was 43%, with a 27% gross profit margin excluding the impact of Employee Retention Credits, up from 26% in Q1 [35][36] - The company reported a backlog of $15.6 million at the end of Q2, which increased to $22.8 million post-quarter [39][40] Business Line Data and Key Metrics Changes - The Cables Unlimited division received significant multimillion-dollar orders for the Optiflex hybrid fiber solution, indicating strong demand in the wireless carrier market [11][12] - The distribution business remained solid, with RF, coaxial cable, and connector products contributing to a growing baseline of sales [16][17] - Small cell opportunities are expected to increase sales in the second half of the year, although spending has not yet fully unlocked [18][21] Market Data and Key Metrics Changes - The wireless carrier ecosystem is showing signs of recovery, with increased spending and project wins contributing to a strong backlog [10][29] - The company is actively shipping products to all Tier 1 wireless carriers, indicating a broad market presence [15] - Industrial OEM and defense customers are returning to normalized levels, contributing to anticipated sales expansion [27] Company Strategy and Development Direction - The company is committed to driving consolidation in the industry and is focused on making larger acquisitions in the $20 million to $30 million sales range [28][72] - There is a strong emphasis on expanding product offerings in passive components and enhancing distribution channels [68][69] - The company aims to leverage its backlog and strong existing relationships to drive future growth, particularly in hybrid fiber, small cell, and DAC offerings [29][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to year-over-year revenue growth in fiscal 2021, with expectations for sequential growth in Q3 and Q4 [30][40] - The company is optimistic about the recovery in the wireless carrier spend and sees significant opportunities in the 5G build-out [29][95] - Management highlighted the importance of maintaining operational performance to secure future orders from new Tier 1 customers [52][53] Other Important Information - The company received $2.8 million in loan forgiveness from the Paycheck Protection Program and $2.6 million in Employee Retention Credits, positively impacting financial results [34] - The balance sheet remains strong, with cash and cash equivalents of $14.8 million and working capital of over $29 million at the end of the quarter [38] Q&A Session Summary Question: Expectations for gross margins on hybrid fiber orders - Management indicated that margins on hybrid fiber products are expected to align with overall corporate margins, with potential for improvement based on product mix and supply chain management [44][46] Question: Ability to pass on copper price increases to customers - Management stated that they have quoted fair prices considering copper price variability and do not anticipate significant customer conversations regarding pricing adjustments [48][50] Question: Future orders from new Tier 1 wireless customer - Management expressed uncertainty but emphasized the importance of performance in securing future orders from the new customer [52][53] Question: Updates on DAC deployments - Management noted that while standard DAC projects are returning, larger venue projects are still lagging but expected to pick up as sports seasons resume [56][59] Question: Acquisition strategy and target areas - Management is focused on passive components and distribution-friendly products for acquisitions, aiming for larger deals than in the past [68][72] Question: Duration of backlog and supply chain concerns - Management estimated that the backlog could be drawn against over the next two to three quarters, with no significant supply chain issues currently affecting shipments [82][84] Question: Guidance for future quarters - Management provided directional guidance, expecting sequential growth in Q3 and Q4, but refrained from specific numerical guidance due to past experiences with timing [90][92] Question: Upside opportunities and downside risks - Management highlighted potential upside from large CapEx opportunities related to 5G and expressed confidence in the overall growth trajectory despite past challenges [95][96]

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, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______________ to ______________. Commission file number: 000-13301 _______________________ RF INDUSTRIES, LTD. (Exact name of re ...

Financial Data and Key Metrics Changes - Sales for Q1 2021 were just above $10 million, a decline of $2.4 million compared to Q1 2020, primarily due to the absence of $2.7 million in hybrid fiber cable revenue from a large Tier 1 carrier customer [12][13][55] - Gross margin decreased to 26% in Q1 from 28% in Q4, attributed to lower sales, but remained consistent compared to Q1 last year [56] - The backlog at the end of Q1 was $7.1 million, up from $6.3 million in the previous quarter, and has since increased to approximately $8.5 million [19][60] Business Line Data and Key Metrics Changes - Distribution sales accounted for over $6 million of total sales in Q1, representing a 15% increase year-over-year [28][29] - The custom cabling and wiring harness segments are seeing recovery with large blue-chip customers, particularly in defense and industrial sectors [30][32] - The DAC (Direct Ambient Cooling) solutions are gaining traction, with new orders and approvals from multiple carriers [42][43] Market Data and Key Metrics Changes - The company is experiencing delays in project spending from major carriers, but there is evidence of pent-up demand starting to materialize [20][25] - The C band auction has led to increased urgency in carrier build timelines, which is expected to accelerate investment activity in network coverage and small cell deployment [70][72] Company Strategy and Development Direction - The company is focused on building a sustainable long-term growth engine, with investments in resources to accelerate growth despite current challenges [51][52] - There is a commitment to M&A activity, with a strategy and M&A committee established to enhance focus on potential acquisitions [49][50] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about future growth despite the challenges faced in Q1, indicating that the recovery in market segments is taking longer than anticipated [11][12] - The expectation is for sequential growth in Q2 and a return to year-over-year revenue growth in fiscal 2021, primarily in the latter half of the year [64][104] Other Important Information - The company received full forgiveness for $2.8 million in PPP loans, which helped maintain production capabilities during the challenging operating environment [61][62] - The balance sheet remains strong, with cash and cash equivalents of $15.5 million and working capital of $25 million [64] Q&A Session Summary Question: Regarding the C band spectrum and its impact on investment activity - Management believes the C band auction will accelerate conversations around investment and network coverage, particularly for small cell deployment [70][72] Question: Visibility on DAC deployment timing - Management expects meaningful increases in orders for DAC solutions in the coming three to six months as existing network equipment ages [76][77] Question: Cadence for distribution business for the rest of the fiscal year - The distribution business is expected to provide a consistent baseline of recurring revenue, with growth anticipated as inventory levels are maintained [81][82] Question: Increase in SG&A expenses - The increase in SG&A was due to new hires and timing of payments for professional services [86] Question: Potential for acquisitions this fiscal year - Management is hopeful for an acquisition this year, with a stronger M&A pipeline and a dedicated subcommittee on the Board to facilitate this [90][91] Question: Guidance on revenue for fiscal 2021 - Management expects sequential growth throughout the year, with a return to year-over-year growth primarily in the second half of fiscal 2021 [104][109]

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 January 31, 2021 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______________ to ________________. Commission file number: 000-13301 _______________________ RF INDUSTRIES, LTD. (Exact name o ...

Leading Designer and Manufacturer of Interconnect Products NASDAQ: RFIL © RF Industries Ltd. | 1 Safe Harbor Statement Forward-looking statements contained in this presentation involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause our results to differ materially and adversely from those expressed or implied by such forward-looking statements. Forward-looking statements may include, but are not limited to, statements relating to our outlook o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2020 or | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | | Title of each class | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

RF Industries, Ltd. (NASDAQ:RFIL) Q4 2020 Earnings Conference Call December 17, 2020 4:30 PM ET Company Participants Todd Kehrli - MKR, IR Rob Dawson - President and CEO Peter Yin - SVP and Interim CFO Conference Call Participants Aman Gulani - B. Riley FBR Hal Granger - Great Quarter Research Josh Nichols - B. Riley FBR Operator Greetings, and welcome to the RF Industries Fourth Quarter and Fiscal 2020 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-a ...

RF Industries, Ltd. (NASDAQ:RFIL) Q3 2020 Results Conference Call September 10, 2020 4:30 PM ET Company Participants Todd Kehrli - MKR, IR Rob Dawson - President and CEO Peter Yin - Interim CFO Conference Call Participants Aman Gulani - B Riley Josh Nichols - B. Riley Operator Good day, everyone and welcome to the RF Industries Third Quarter Fiscal 2020 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instru ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ Form 10-Q _____________________ For the quarterly period ended July 31, 2020 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______________ to ________________. 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 i ...

Leading Designer and Manufacturer of Interconnect Products NASDAQ: RFIL © RF Industries Ltd. | 1 Safe Harbor Statement Forward-looking statements contained in this presentation involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause our results to differ materially and adversely from those expressed or implied by such forward-looking statements. Forward-looking statements may include, but are not limited to, statements relating to our outlook o ...