RCM Technologies: Strong Q4 FY23 Results But FY24 Could Be Challenging [Seeking Alpha]
RCM Technologies, Inc. (RCMT)
Last rcm technologies, inc. earnings: 3/4 04:05 pm
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US:NASDAQ Investor Relations:
rcmt.com/about-rcm/investor-relations
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Source: Seeking Alpha
However, I'm concerned that FCF and share buybacks were limited by growing accounts receivable and net debt. While the company doesn't look expensive at 8.7X EV/EBITDA, FY24 could be softer than FY23 due to the rising US unemployment rate. In my view, this is a good time for investors to trim or close their long positions. Microcap Review members get exclusive access to our real-world portfolio. See all our investments here » Investment thesis I've been following RCM Technologies ( NASDAQ: RCMT ) closely and I've written three articles about the company on SA. The latest of them was in November 2023 and back then I said that the valuation was starting to look stretched despite my expectations that EBITDA for the FY23 would surpass $20 million. I think this could be a good time to revisit RCM Technologies as the company released its Q4 FY23 financial results on March 13. In my view, they were strong as EBITDA for the full financial year came in higher than my expectations
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RCMT
News
- Is RCM Technologies, Inc.'s (NASDAQ:RCMT) ROE Of 65% Impressive? [Yahoo! Finance]Yahoo! Finance
- RCM Technologies, Inc. (NASDAQ: RCMT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- RCM Technologies, Inc. (NASDAQ: RCMT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- RCM Technologies, Inc. (NASDAQ: RCMT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Returns On Capital Are A Standout For RCM Technologies (NASDAQ:RCMT) [Yahoo! Finance]Yahoo! Finance
RCMT
Earnings
- 3/13/24 - Beat
RCMT
Sec Filings
- 4/22/24 - Form S-3/A
- 3/29/24 - Form S-3
- 3/29/24 - Form 8-K
- RCMT's page on the SEC website