Core Insights - RF Industries reported a net sales of $19.0 million for the first quarter of fiscal year 2026, reflecting a 1% decrease year-over-year and a 16% decrease from the previous quarter, attributed to normal seasonality [1][2] - The company achieved a gross profit margin of 32.3%, which is a 250-basis point improvement from 29.8% in the same quarter last year [2] - Operating income improved to $177,000 from $56,000 year-over-year, while the consolidated net loss narrowed to $50,000, or $0.00 per diluted share, compared to a loss of $245,000, or $0.02 per diluted share in the prior year [2][3] Financial Performance - Non-GAAP net income was reported at $659,000, or $0.06 per diluted share, compared to $397,000, or $0.04 per diluted share in the first quarter of fiscal 2025 [3] - Adjusted EBITDA increased to $1.1 million, up from $867,000 year-over-year, indicating a 22% growth [3] - The backlog at the end of the quarter was $14.4 million, with first quarter bookings of $17.9 million, which has since increased to $18.6 million [2] Management Commentary - The CEO highlighted the company's focus on improving profitability and operational discipline, noting that the gross profit margin improvement and operational efficiencies contributed to the strong performance despite flat sales [4] - The management expressed confidence in diversifying the customer base and expanding into new verticals such as wireline, cable, aerospace, and datacenters, which could significantly enhance growth opportunities [5] - The company anticipates revenue growth to accelerate in the latter half of the fiscal year, supported by a significant increase in backlog [5]