RF Industries Reports First Quarter Fiscal Year 2025 Financial Results

About this update from Rf Industries, Ltd.

[{"type":"text","content":"SAN DIEGO, CA / ACCESS Newswire / March 17, 2025 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced first quarter fiscal year 2025 financial results for the fiscal quarter ended January 31, 2025.","length":272,"tagName":"p"},{"type":"text","content":"First Quarter Fiscal 2025 Highlights and Operating Results:","length":59,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales were $19.2 million; an increase of 42.7% from $13.5 million year-over-year and a 4.0% increase from $18.5 million in the fourth quarter of fiscal 2024","length":160,"tagName":"p"}]},{"val":[{"type":"text","content":"Backlog of $15.2 million at quarter end on first quarter bookings of $14.9 million. As of today, the backlog stands at $15.0 million","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit margin was 29.8% up from 24.5% in the prior year quarter","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income was $56,000, an improvement from the operating loss of $2.1 million year-over-year","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"Consolidated net loss was $245,000, or $0.02 per diluted share, an improvement from a consolidated net loss of $1.4 million, or $0.13 per diluted share year-over-year","length":166,"tagName":"p"}]},{"val":[{"type":"text","content":"Non-GAAP net income was $397,000, or $0.04 per diluted share, compared to a non-GAAP net loss of $1.4 million or a loss of $0.14 per diluted share in the first quarter of fiscal 2024","length":182,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA was $867,000, up from an Adjusted EBITDA loss of $1.1 million year-over-year","length":92,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":900,"olType":false},{"type":"text","content":"See "Note Regarding Use of Non-GAAP Financial Measures," "Unaudited Reconciliation of GAAP to non-GAAP Net Income (Loss)" and "Unaudited Reconciliation of Net Loss to Adjusted EBITDA" below for additional information.","length":247,"tagName":"p"},{"type":"text","content":"Management Commentary","length":21,"tagName":"p"},{"type":"text","content":""Our team delivered a strong performance in the first quarter. Net sales increased 42.7% to $19....

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