RF Industries Reports Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]
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
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Source: Yahoo! Finance
and systems, today announced fourth quarter and fiscal year 2023 financial results for the year ended October 31, 2023. Fourth Quarter Fiscal 2023 Highlights and Operating Results: Net sales were $15.9 million; flat on a sequential basis compared to the prior third fiscal quarter of 2023 and a decrease of 31% year-over-year. Backlog of $16.1 million at year-end on fourth quarter bookings of $14.8 million. As of today, the backlog stands at $16.6 million. Gross profit margin was 28.4% compared to 31.1% in the fourth quarter of fiscal 2022. The 270 basis-point year-over-year decrease in gross margin was primarily attributable to lower sales of higher margin products. Fourth-quarter gross profit margin increased 400 basis points sequentially due to increased sales of higher margin products. Operating loss was $1.1 million, down $1.8 million from the fourth quarter of fiscal 2022, primarily due to lower sales volume and lower contribution from higher margin products, offset by l
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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