RF Industries Reports 38% Sequential Sales Growth in Third Quarter of Fiscal 2021; Expects Sequential Revenue Growth in Fourth Quarter
RF Industries, Ltd. (RFIL)
Last rf industries, ltd. earnings: 3/12 04:01 pm
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US:NASDAQ Investor Relations:
rfindustries.com/investor-info.html
Company Research
Source: Accesswire
SAN DIEGO, CA / ACCESSWIRE / September 13, 2021 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced its financial results for the third quarter of fiscal 2021 ended July 31, 2021. As noted below, these financial results include the impact of $800,000 in Employee Retention Tax Credits ("ERC") recognized in the third quarter.Third Quarter Fiscal 2021 Highlights and Operating Results:Net sales increased 38% sequentially and 60% year over year to $15.3 million.Backlog of $31.5 million at July 31, 2021 on third quarter bookings of $31.2 million. As of today, backlog stands at $27.2 million.Gross profit margin was 33%, which includes the impact of the ERC received during the quarter. Excluding the impact of ERC, gross profit margin was 28%, up from 27% in the preceding second quarter.Operating income was $1.2 million, which includes the impact of ERC. Excluding the impact of ERC, operating income was $393,000.Net in
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RFIL
News
- RF Industries, Ltd. (NASDAQ: RFIL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- RF Industries, Ltd. (NASDAQ: RFIL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- RF Industries, Ltd. (NASDAQ: RFIL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- RF Industries, Ltd. (NASDAQ: RFIL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- RF Industries, Ltd. (NASDAQ: RFIL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
RFIL
Earnings
- 3/18/24 - Beat
RFIL
Sec Filings
- 3/18/24 - Form 10-Q
- 3/18/24 - Form 8-K
- 3/1/24 - Form 8-K
- RFIL's page on the SEC website