RCM Technologies(US:RCMT)2025-11-05 21:38Revenue Performance - RCM Technologies reported revenue of $70.3 million for the thirteen weeks ended September 27, 2025, a 16.4% increase from $60.4 million in the prior year[3] - For the thirty-nine weeks ended September 27, 2025, revenue was $232.9 million, a 15.6% increase from $201.5 million in the prior year[4] - Consolidated revenue for the thirteen weeks ended September 27, 2025, was $70,289,000, an increase from $60,365,000 in the same period last year, representing a growth of 16.0%[19] - For the thirty-nine weeks ended September 27, 2025, consolidated revenue reached $232,928,000, up from $201,468,000 in the prior year, reflecting an increase of 15.6%[19] Profitability - Gross profit for the current quarter was $19.4 million, reflecting an 8.8% increase compared to $17.8 million in the comparable prior quarter[3] - The gross profit for the thirty-nine weeks ended September 27, 2025, was $63,665,000, an increase from $58,209,000 in the prior year, marking a growth of 9.4%[19] - GAAP net income for the current quarter was $2.3 million, or $0.30 per diluted share, down from $2.7 million, or $0.35 per diluted share, in the prior year[3] - The net income for the thirteen weeks ended September 27, 2025, was $2,259,000, a decrease from $2,746,000 in the same period last year, showing a decline of 17.7%[23] - Adjusted net income per diluted share for the current period was $1.73, an increase of 12.3% from $1.54 in the prior year[4] Expenses and Cash Flow - Selling, general and administrative expenses for the current quarter were $14.9 million, compared to $13.0 million in the prior year[11] - The company reported a net cash used in operating activities of $1,262,000 for the thirteen weeks ended September 27, 2025, compared to $4,344,000 in the same period last year, indicating an improvement in cash flow[23] Balance Sheet - Total current assets as of September 27, 2025, were $94,927,000, slightly down from $97,038,000 at December 28, 2024[21] - Total liabilities decreased to $88,437,000 as of September 27, 2025, compared to $98,593,000 at December 28, 2024, a reduction of 10.3%[21] - Cash and cash equivalents decreased to $1,309,000 as of September 27, 2025, from $4,729,000 at December 28, 2024, representing a decline of 72.3%[21] - The company’s total stockholders' equity increased to $41,378,000 as of September 27, 2025, from $33,484,000 at December 28, 2024, reflecting a growth of 23.5%[21] Future Outlook - RCM Technologies expects the fourth quarter to yield the highest quarterly gross profit and adjusted EBITDA in fiscal 2025[5] - The company experienced adjusted EBITDA of $5.5 million for the current quarter, slightly down from $5.6 million in the prior year[3] - The company anticipates continued growth in its healthcare segment, contributing to overall operational performance[5] - The company reported a record engineering backlog as of the end of October 2025, indicating strong momentum heading into 2026[5]