Financial Performance - Net sales increased by 42.7% to $19.2 million year-over-year, and by 4.0% sequentially from $18.5 million[8] - Gross profit margin was 29.8%, up from 24.5% in the prior year quarter[8] - Operating income improved to $56,000 from an operating loss of $2.1 million year-over-year[8] - Consolidated net loss was $245,000, or $0.02 per diluted share, an improvement from a net loss of $1.4 million, or $0.13 per diluted share year-over-year[8] - Non-GAAP net income was $397,000, or $0.04 per diluted share, compared to a non-GAAP net loss of $1.4 million, or a loss of $0.14 per diluted share in the first quarter of fiscal 2024[8] - Adjusted EBITDA was $867,000, up from an Adjusted EBITDA loss of $1.1 million year-over-year[8] - Consolidated net loss for the three months ended January 31, 2025, was $245,000, a significant improvement from a loss of $1,362,000 in the same period of 2024[24] - Non-GAAP net income for the same period was $397,000, compared to a loss of $1,421,000 in the prior year[24] - Adjusted EBITDA for the three months ended January 31, 2025, was $867,000, recovering from a negative $1,102,000 in the same quarter of 2024[26] Cost Management - Stock-based compensation expense decreased to $195,000 from $255,000 year-over-year[26] - Amortization expense remained relatively stable at $411,000 compared to $422,000 in the previous year[26] - The provision for income taxes showed a benefit of $36,000 in 2025, contrasting with a benefit of $831,000 in 2024[26] - Depreciation expense slightly decreased to $205,000 from $211,000 year-over-year[26] - Other expenses increased to $265,000 from $108,000 in the same quarter of the previous year[26] - The company is focusing on improving its financial performance and reducing losses through strategic cost management and operational efficiencies[24] Business Strategy - Backlog at quarter end was $15.2 million, with first quarter bookings of $14.9 million[8] - The company aims to achieve 10% Adjusted EBITDA margins in the future[9] - The performance was driven by a favorable product mix, particularly in higher margin interconnect products[7] - The company is exploring new market segments outside of the wireless carrier space for growth opportunities[9] - The weighted average shares outstanding for basic shares increased to 10,560,922 from 10,410,580 year-over-year[24]
RF Industries(RFIL) - 2025 Q1 - Quarterly Results