RF Industries(US:RFIL)2026-01-14 21:10Financial Agreements - The company entered into a loan and security agreement with Eclipse Business Capital, providing a senior secured revolving loan facility of up to $15.0 million[29]. - The EBC Credit Agreement includes a capital expenditure limitation of $2.5 million during any fiscal year[32]. Product Offerings and Market Strategy - The company aims to provide a broad selection of products and solutions, focusing on rapid and flexible design and manufacturing services[34]. - The RF Connector division carries over 1,500 different types of connectors, which are used in thousands of devices, ensuring sales stability across product lines[45]. - The company has integrated the former C Enterprises division into the RF Connector division, enhancing its product offerings[44]. - The company plans to grow through strategic acquisitions to increase customer penetration and diversify its customer base[42]. - The company focuses on passive products, expanding its portfolio of integrated solutions for key markets such as wireless and public safety communications[39]. - The company designs and manufactures a variety of coaxial connectors and cable assemblies for numerous applications, including 5G and military/aerospace[54]. Operations and Manufacturing - The company operates manufacturing and distribution locations in California and the Northeastern United States to optimize delivery times and reduce costs[36]. - The company employed 289 full-time employees as of October 31, 2025, with 208 in manufacturing, distribution, and assembly[77]. - The company does not own or directly operate any manufacturing operations or sales offices in foreign countries[66]. Sales and Market Performance - Net sales to foreign customers accounted for $6,750,000 (approximately 8%) of total net sales for the fiscal year ended October 31, 2025, compared to $6,014,000 (approximately 9%) for the fiscal year ended October 31, 2024[65]. - As of October 31, 2025, the estimated backlog of unfilled firm orders was approximately $15.5 million, down from approximately $19.5 million as of October 31, 2024[75]. - Sales through independent distributors accounted for approximately 28% of net sales for the fiscal year ended October 31, 2025[67]. Compliance and Quality Assurance - The Cables Unlimited division is a member of the Corning Cable Systems CAH Connections SM Gold Program, authorized to manufacture fiber optic products backed by Corning's extended warranty[69]. - The company has ten U.S. patents related to the CompPro Product Line, which utilizes patented compression technology for improved system reliability[78]. - The company has not experienced significant warranty claims to date, although there is no assurance against future claims[83]. - The company believes that raw materials used in its products are readily available and is not currently dependent on any supplier for its raw materials[72]. - The company’s products are designed to meet all known existing or proposed governmental regulations, and it is currently compliant with environmental regulations[86][88].