RFIL
RF Industries, Ltd.5.86
-0.05-0.85%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Reaffirms growth; details backlog, DAC.
Q&A largely reaffirmed the prepared remarks' upbeat tone on growth acceleration and margin gains, but surfaced specifics on backlog drivers and DAC progress. Management expects sequential revenue uptick through FY2026, mirroring FY2025's trajectory, backed by diversified pistons across custom cabling, integrated systems, small cell, and DAC. Gross margins above 30% proved durable on flat sales, driven by pricing, mix, and leverage. DAC thermal cooling sees edge data center trials yielding strong results. Diversification smooths quarterly lumps. Confident outlook; investors watch backlog conversion into sales.
Key Stats
Market Cap
62.51MP/E (TTM)
-Basic EPS (TTM)
-0.03Dividend Yield
0%Recent Filings
8-K
Q1 sales flat, margins soar
10-Q
Q1 FY2026 results
RF Industries posted Q1 FY2026 net sales of $19.0M, down 1.1% y/y from $19.2M yet lifting gross margins to 32.3% from 29.8% on better product mix. Operating income tripled to $177K from $56K, fueled by cost cuts like facility consolidations, while net loss narrowed to $50K ($0.00 diluted EPS, anti-dilutive shares excluded) from $245K ($0.02). Cash flow from operations hit $867K; free cash flow $649K (derived). Cash steady at $5.1M, line of credit at $7.1M (of $15M facility). Interconnect and custom cabling gained share, offsetting integrated systems dip. Customer concentration persists.
10-K
FY2025 results
RF Industries swung to $80.6M revenue in FY2025 ended October 31, up 24% y/y, with integrated systems surging 41% to $29.6M on small cell/thermal cooling demand and custom cabling jumping 45% to $26.1M via aerospace penetration, while interconnect dipped 3%. Gross margins expanded to 33.2% from 29.1% on favorable mix and efficiencies. Q4 restructuring consolidated operations into one segment, trimming headcount for cost savings. Backlog fell to $15.5M from $19.5M. Cash hit $5.1M with $4.6M operating inflow; EBC revolver drew to $7.8M at SOFR+Applicable Margin, maturing 2029. No dividends or buybacks. Dependence on wireless carriers risks quarterly volatility.
8-K
Q4 sales up 23%, profitable
RF Industries reported Q4 net sales of $22.7M, up 23% year-over-year, with gross margin expanding to 37% from 31% and operating income swinging to $903K from $96K. Full-year sales hit $80.6M, up 24%, flipping to $1.8M operating income from a $2.8M loss; inventory dropped 7% to $13.7M. Backlog hit $15.5M. Momentum builds.
8-K
Extends revolver to 2029
RF Industries signed the Second Amendment to its Loan and Security Agreement on November 5, 2025, extending the revolving credit facility maturity to March 15, 2029. It slashed the minimum outstanding principal to $4.0 million and trimmed the interest rate to adjusted term SOFR or base rate plus a quarterly pricing grid. Lenders keep their liens intact. Flexibility boosted.
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