Financial Performance - For the three months ended January 31, 2025, net sales increased by 42.2%, or $5.7 million, to $19.2 million compared to the same period in 2024[79]. - Gross profit for the fiscal 2025 quarter increased by $2.4 million to $5.7 million, with gross margins rising to 29.8% from 24.5% in the fiscal 2024 quarter[80]. - The company reported a net loss of $0.2 million for the fiscal 2025 quarter, an improvement from a net loss of $1.4 million in the fiscal 2024 quarter[85]. Segment Performance - The Custom Cabling segment's net sales rose by 123.4%, or $5.8 million, to $10.5 million, driven by tier one carrier applications for direct air cooling[79]. - The Custom Cabling segment achieved pretax income of $1.6 million, while the RF Connector segment reported a pretax loss of $1.5 million for the fiscal 2025 quarter[83]. Cash and Backlog - As of January 31, 2025, the company had a total of $1.3 million in cash and cash equivalents, up from $0.8 million as of October 31, 2024[73]. - As of January 31, 2025, the company had a backlog of $15.2 million, down from $19.5 million as of October 31, 2024[74]. Expenses - Engineering expenses decreased by $0.1 million to $0.7 million in the fiscal 2025 quarter, reflecting cost savings initiatives[81]. - Selling and general expenses increased by $0.4 million to $5.0 million, primarily due to higher variable compensation related to increased sales[82]. Taxation - The effective tax rate for the fiscal 2025 quarter was (17.2%), compared to 37.9% for the fiscal 2024 quarter, driven by a valuation allowance[84].
RF Industries(RFIL) - 2025 Q1 - Quarterly Report