RF Industries Reports Second Quarter Fiscal Year 2024 Financial Results
RF Industries Reports Second Quarter Fiscal Year 2024 Financial Results
SAN DIEGO, CA / ACCESSWIRE / June 13, 2024 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced second quarter fiscal year 2024 financial results for the quarter ended April 30, 2024.
RF Industries有限公司 (NASDAQ: RFIL) 是一家国家级的互连 产品和系统制造商及市场营销商。今天公布了 2024 年第二季度财务业绩,截至 2024 年 4 月 30 日止的季度营收达到 $16.1 百万美元。
Second Quarter Fiscal Year 2024 Highlights and Operating Results:
2024财年第二季度亮点和运营结果:
- Net sales were $16.1 million; up 19.7% from $13.5 million in the first quarter of fiscal 2024 and down from $22.3 million in the prior-year second quarter.
- Backlog of $18.0 million at the end of the second quarter on bookings of $17.9 million. As of today, the backlog stands at $20.0 million.
- Gross profit margin was 29.9%, an improvement from 24.5% in the first quarter of fiscal 2024, and up from 27.4% year-over-year.
- Operating loss was $415,000, an improvement from a loss of $2.1 million in the first quarter of 2024 and down from income of $489,000 year-over-year.
- Due to the recording of a non-cash valuation allowance on our deferred tax balance during the current fiscal quarter, consolidated net loss was $4.3 million or $0.41 per diluted share, a sequential decline from a loss of $1.4 million or $0.13 per diluted share in the first quarter of fiscal 2024 and down from income of $581,000 or $0.06 per diluted share year-over-year.
- Excluding the non-cash income tax provision adjustment, non-GAAP net income was $132,000 or $0.01 per diluted share, an improvement from a non-GAAP net loss of $1.4 million or $0.14 per diluted share in the first quarter of fiscal 2024 and down from non-GAAP net income of $1.2 million or $0.11 per share year-over-year.
- Adjusted EBITDA was $572,000, up from an Adjusted EBITDA loss of $1.1 million in the first quarter of fiscal 2024 and down from Adjusted EBITDA of $1.4 million year-over-year.
- 净销售额为 1610 万美元;较2024财年第一季度的 1350 万美元上升19.7%,低于去年同期的 2230 万美元。
- 第二季度结束时的订单积压量为 1800 万美元,订单量为 1790 万美元。截至今日,订单积压量为 2000 万美元。
- 毛利率为 29.9%,较2024财年第一季度的 24.5%提高540个基点,较去年同期的 27.4%提高。
- 操作亏损为 $41.5 万美元,较 2024 年第一季度的 $210 万美元亏损有所改善,低于去年同期的 $48.9 万美元收益。
- 由于在本财季的固定资产折旧税前息前减值调整录入本非现金资产的价值减损准备中,合并净亏损为 430 万美元或每股摊薄股息为 $0.41,为 $14 百万美元或每股摊薄股息为 $0.13 在2024财年第一季度下降,低于去年同期的每股摊薄股息 $0.06。
- 除了非现金所得税条款调整之外,公司的非GAAP净收入为 13.2 万美元,每股摊薄股息为 $0.01,较2024财年第一季度的非GAAP净亏损 140 万美元或每股摊薄股息为 $0.14 有所改善,低于去年同期的非GAAP净收入 120 万美元或每股摊薄股息为 $0.11。
- 调整后的 EBITDA 为 572,000 美元,高于2024财年第一季度 EBIDTA 亏损的 110 万美元,低于去年同期的 140 万美元的调整后 EBITDA。
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) Income to Adjusted EBITDA" below for additional information.
请参见下文「有关非GAAP财务指标使用的说明」、「未经审计的 GAAP 与非GAAP 净利 (损益) 的协调」、「未经审计的净收入 (净利) 与调整后的 EBITDA 的协调」,了解更多信息。
Management Commentary
管理层评论
"In the second quarter, we saw sequential improvement across the board in our business. Net sales were up 19.7%, gross profit margin improved 540 basis points to 29.9%, and Adjusted EBITDA returned to positive territory. This is the strongest indication yet that our business is trending in the right direction after a very challenging 2023 marked by significant reductions in telecom capex spending. This quarter, we recorded a non-cash valuation allowance on our deferred tax asset that resulted in a significant tax provision driving the GAAP net loss. This accounting adjustment is unrelated to our operations and should not take away from the significant recovery and improvement we saw in all areas of our business," said Robert Dawson, Chief Executive Officer of RF Industries.
「在第二季度,我们在业务的各个领域都看到了不俗的发展。净销售金额比上一季度上升了19.7%,毛利率提高了540个基点,达到了 29.9%,而调整后的 EBITDA (指数即息、税前折旧及摊销前的盈利)也由亏损转盈。所有这些都是指向正面方向的强有力信号,并表明我们迈向了正确的方向。在 2023 年中,由于电信资本支出的大幅削减,我们的业务承压,而在本季度,由于在本财季的固定资产折旧税前息前减值调整录入本非现金资产的价值减损准备中,合并净亏损为 430 万美元或每股摊薄股息为 $0.41,为 $14 百万美元或每股摊薄股息为 $0.13 在 2024 年第一季度下降,低于去年同期的每股摊薄股息 $0.06。而这一会计整项减值调整与我们的运营无关,不应削弱我们在各业务领域的重大复苏和改善。」RF Industries 总裁兼首席执行副总裁 Robert Dawson 如是说。
"Furthermore, we have expanded our product offering both organically and through acquisitions and are now in a better position to benefit from heightened activity in the telecom industry. We are seeing increased demand for our higher-value products like our Direct-Air Cooling solutions and integrated small cell solutions. In May, we received several large orders totaling approximately $4 million across multiple product areas including a $2 million win for small cell solutions from one key customer in the Tier 1 wireless carrier ecosystem. With these orders, we saw a material increase to our backlog from the end of the fiscal first quarter of 2024. With the progress our team has made in streamlining operations, we have greatly reduced our cost structure. We have significant operating leverage in our business model that can drive stronger gross margins. Our ongoing focus on operational and cost efficiencies, as well as a shift to higher value products, can have meaningful impact on profitability as sales recover."
此外,我们通过有机扩张和收购的方式扩大了产品范围,现在处于更好的位置,能够从电信行业活动的增强中受益。我们看到对我们的高价值产品,如直接空气冷却解决方案和集成小基站解决方案的需求增加。五月份,我们获得了多个产品领域的几个大单,总额约400万美元,其中一个重要客户在一线无线运营商生态系统中的小型基站解决方案赢得200万美元。通过这些订单,我们看到了我们的备货量从2024财年第一季度末有实质性的增长。随着我们团队在简化业务操作方面所取得的进展,我们大大降低了成本。我们在业务模式中具有重大的经营杠杆作用,这可以推动更强的毛利率。我们不断关注运营和成本效益,并转向更高价值的产品,这将对销售恢复后的利润率产生有意义的影响。
"Looking ahead, we are optimistic these demand trends will continue. I remain confident that we have the right business model, the right products, and the right team to capitalize on improving momentum and to deliver increased shareholder value," concluded Dawson.
展望未来,我们对这些需求趋势持乐观态度。我坚信,我们有正确的业务模式、正确的产品和正确的团队,可以利用越来越好的动力,提高股东价值。
Conference Call and Webcast
电话会议和网络直播
RF Industries will host a conference call and live webcast today, June 13, 2024, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its fiscal 2024 second quarter results. To access the live call, dial 888-506-0062 (US and Canada) or 973-528-0011 (International) and give the participant access code 804483.
RF Industries 将于今天 2024 年 6 月 13 日下午 4:30 进行电话会议和网络直播,带头探讨其 2024 财年第二季度的业绩。请致电 888-506-0062(美国和加拿大)或 973-528-0011(国际) 并提供参与者接入代码 804483,即可进入普通场次。
A live and archived webcast of the conference call will be accessible on the investor relations section of the Company's website at .
会议通话的现场网络广播和存档将可访问公司网站的投资者关系部分。
About RF Industries
关于 RF Industries
RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets, including wireless/wireline telecom, data communications and industrial. The Company's products include high-performance components used in commercial applications such as RF connectors and adapters, RF passives including dividers, directional couplers and filters, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems and integrated small cell enclosures. The Company is headquartered in San Diego, California with additional operations in New York, Connecticut, Rhode Island and New Jersey. Please visit the RF Industries website at .
RF Industries设计和制造各种互连产品,包括无线/有线电信、数据通信和工业等多个不断增长的市场。公司的产品包括商业应用中使用的高性能元件,如射频连接器和适配器、射频被动器件(包括分配器、定向耦合器和滤波器)、同轴电缆、数据电缆、电线束、光纤电缆、定制电缆、节能冷却系统和集成小基站外壳。公司总部位于加利福尼亚州圣地亚哥,并在纽约、康涅狄格州、罗德岛州和新泽西州设有其他运营中心。请访问RF Industries的网站。
Forward-Looking Statements
前瞻性声明
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to future events. Forward looking statements include, among others, statements concerning our expectations about profitability, revenues, industry trends, markets, increasing shareholder value, current and future purchase orders, and the expected benefits and desirability of our products, in each case which are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: the Company's cash and liquidity needs, ability to continue as a going concern, non-compliance with terms and covenants in our credit facility, changes in the telecommunications industry and materialization and timing of expected network buildouts; timing and breadth of new products; our ability to realize increased sales; successfully integrating new products and teams; our ability to execute on its go-to-market strategies and channel models; our reliance on certain distributors and customers for a significant portion of anticipated revenues; the impact of existing and additional future tariffs imposed by U.S. and foreign nations; our ability to expand our OEM relationships; our ability to continue to deliver newly designed and custom fiber optic and cabling products to principal customers; our ability to maintain strong margins and diversify our customer base; our ability to initiate operating efficiencies, cost savings and expense reductions; our ability to address the changing needs of the market and capitalize on new market opportunities; our ability to add value to our customer's needs; the success of any product launches; and our ability to increase revenue, gross margins or obtain profitability in a timely manner. Further discussion of these and other potential risks and uncertainties may be found in the Company's public filings with the Securities and Exchange Commission (www.sec.gov) including our Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. All forward-looking statements are based upon information available to the Company on the date they are published, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or new information after the date of this release.
本新闻稿包含在证券法第27A条(经修订)和1934年证券交易法第21E条(经修订)范围内的前瞻性陈述,涉及未来事件。这些前瞻性陈述包括但不限于有关我们的盈利能力、收入、行业趋势、市场、增加股东价值、当前和未来采购订单的信息及我们的产品预期效益和合适性的声明,这些声明由多个因素构成,这些因素可能导致实际结果与预期结果大幅不同。可能引起或有助于造成这些差别的因素包括但不限于:公司的现金和流动性需求,持续作为经营实体的能力,在我们的信贷设施条款和契约方面未依从,电信行业的变化、预期网络建设计划的发生和时间;新产品的时机和范围;我们实现增加销售额的能力;成功整合新产品和团队;我们依赖某些分销商和重要客户实现预期收入的情况;美国和其他国家已征收和将来可能征收的现有和附加关税的影响;我们扩大原始设备制造商的关系的能力;我们能否继续向主要客户提供新设计和定制的光纤及电缆产品;我们能否保持强大的毛利率和使客户基础多样化;我们能否开展运营效率、成本节约和费用减少活动;我们能否适应市场变化并利用新的市场机遇;我们能否为客户的需求增加价值;任何产品发布的成功;我们能否及时 提高营收、毛利率或实现盈利能力。更多的潜在风险和不确定因素的讨论请参见公司在证券和交易委员会(www.sec.gov)的公共文件,包括我们的10-K年报和10-Q季度报告。所有前瞻性陈述均以本公司在发布日可获取的信息为基础,我们无义务公开更新或修正任何前瞻性陈述,以反映事件或新信息的变化。
Note Regarding Use of Non-GAAP Financial Measures
关于使用非GAAP财务指标的注释
To supplement our unaudited condensed financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), this earnings release and the accompanying tables and the related earnings conference call contain certain non-GAAP financial measures, including adjusted earnings before interest, taxes, depreciation, amortization (Adjusted EBITDA), non-GAAP net income, non-GAAP net loss and non-GAAP earnings per share, basic and diluted (non-GAAP EPS).
为了补充我们按照美国普遍会计准则 (GAAP) 报表呈现的未经审计的财务报告,本财务报告和随附的表格以及相关的财报公告中包含一些非GAAP财务指标,包括调整后利润、利润亏损、非 GAAP 每股收益、基本每股收益及摊薄每股收益 (非GAAP EPS)。
We believe these financial measures provide useful information to investors with which to analyze our operating trends and performance by excluding certain non-cash and other one-time expenses that we believe are not indicative of our operating results.
我们认为这些财务指标提供了有用的信息,可以帮助投资者分析我们的运营趋势和业绩,因为这些财务指标排除了我们认为不反映我们的运营结果的某些非现金及其他一次性支出。
In computing Adjusted EBITDA, non-GAAP net income, non-GAAP net loss and non-GAAP EPS, we exclude stock-based compensation expense, which represents non-cash charges for the fair value of stock options and other non-cash awards granted to employees, non-cash and other lease charges, and severance. For Adjusted EBITDA, we also exclude depreciation, amortization, interest expense and provision for income taxes. Because of varying available valuation methodologies, subjective assumptions, and the variety of equity instruments that can impact a company's non-cash operating expenses, we believe that providing non-GAAP financial measures that exclude non-cash expense and non-recurring costs and expenses allows for meaningful comparisons between our core business operating results and those of other companies, as well as providing us with an important tool for financial and operational decision-making and for evaluating our own core business operating results over different periods of time.
在计算调整后的EBITDA、非GAAP净收入、非GAAP净亏损和非GAAP EPS时,我们排除了股票报酬支出,该费用代表股票期权和其他非现金奖励的公允价值以及提供给员工的其他非现金和非租赁费用,和遣散费用。在计算调整后的EBITDA时,我们还排除了折旧、摊销、利息费用和所得税准备金。由于不同的可用估值方法、主观假设以及可能影响公司非现金营业费用的各种权益工具的多样化,我们认为提供排除非现金费用和非经常性成本和费用的非GAAP财务指标可以使我们的核心业务运营结果与其他公司的核心业务运营结果进行有意义的比较,同时为我们提供了一个重要的财务和运营决策工具,以及评估我们自己的不同时间段的核心业务运营结果。
Our Adjusted EBITDA, non-GAAP net income, non-GAAP net loss and non-GAAP EPS measures may not provide information that is directly comparable to that provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently, particularly related to non-recurring, unusual items. Our Adjusted EBITDA, non-GAAP net income, non-GAAP net loss and non-GAAP EPS are not measurements of financial performance under GAAP and should not be considered as an alternative to operating or net income or as an indication of operating performance or any other measure of performance derived in accordance with GAAP. We do not consider these non-GAAP measures to be a substitute for, or superior to, the information provided by GAAP financial results. Non-GAAP financial measures are subject to limitations and should be read only in conjunction with the Company's consolidated financial statements pre-pared in accordance with GAAP. We believe that these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our GAAP results of operations. We compensate for the limitations of non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance. A reconciliation of specific adjustments to GAAP results is provided in the last two tables at the end of this press release.
我们的调整后EBITDA、非GAAP净利润、非GAAP净亏损和非GAAP每股收益指标可能无法直接与我们行业中其他公司提供的信息相比较,因为我们行业中其他公司可能会以不同的方式计算非GAAP财务结果,特别是与非重复、非正常的项目相关的。我们的调整后EBITDA、非GAAP净利润、非GAAP净亏损和非GAAP每股收益不是根据GAAP的财务业绩衡量的,并且不应被视为操作或净利润的替代品或操作绩效或任何根据GAAP得出的绩效指标的指示。我们不认为这些非GAAP指标是GAAP财务结果提供的信息的替代品或优越品。非GAAP财务指标受到限制,只能在阅读按照GAAP编制的公司合并财务报表时使用。我们认为这些非GAAP指标具有局限性,因为它们不反映与我们的GAAP营运结果有关的所有金额。我们通过依赖GAAP结果来获得我们的绩效的全面图片来弥补非GAAP财务指标的限制。具体调整与GAAP结果的协调表将在本新闻稿的最后两个表格中提供。
RF Industries Contact:
Peter Yin
SVP and CFO
(858) 549-6340
rfi@rfindustries.com
RF Industries 联系人:
彼得.因
高级副总裁兼首席财务官
(858) 549-6340
rfi@rfindustries.com
IR Contact:
Margaret Boyce
Financial Profiles, Inc.
(310) 622-8247
RFIL@finprofiles.com
IR联系方式:
玛格丽特.博伊斯
金融资料公司
(310) 622-8247
RFIL@finprofiles.com
RF INDUSTRIES, LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
RF INDUSTRIES, LTD.和子公司
简明合并资产负债表
(以千为单位,除每股数据外)
Apr. 30, | Oct. 31, | |||||||
2024 | 2023 | |||||||
ASSETS |
(unaudited) | (audited) | ||||||
CURRENT ASSETS |
||||||||
Cash and cash equivalents |
$ | 1,400 | $ | 4,897 | ||||
Trade accounts receivable, net |
10,552 | 10,277 | ||||||
Inventories |
16,379 | 18,730 | ||||||
Other current assets |
1,894 | 2,136 | ||||||
TOTAL CURRENT ASSETS |
30,225 | 36,040 | ||||||
Property and equipment, net |
4,814 | 4,924 | ||||||
Operating right of use asset, net |
14,999 | 15,689 | ||||||
Goodwill |
8,085 | 8,085 | ||||||
Amortizable intangible assets, net |
12,751 | 13,595 | ||||||
Non-amortizable intangible assets |
1,174 | 1,174 | ||||||
Deferred tax assets |
- | 2,494 | ||||||
Other assets |
775 | 277 | ||||||
TOTAL ASSETS |
$ | 72,823 | $ | 82,278 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY |
||||||||
CURRENT LIABILITIES |
||||||||
Accounts payable and accrued expenses |
$ | 7,373 | $ | 7,773 | ||||
Line of Credit |
10,460 | 1,000 | ||||||
Current portion of Term Loan |
- | 2,424 | ||||||
Current portion of operating lease liabilities |
1,424 | 1,314 | ||||||
TOTAL CURRENT LIABILITIES |
19,257 | 12,511 | ||||||
Operating lease liabilities |
18,775 | 19,284 | ||||||
Deferred tax liabilities |
182 | - | ||||||
Term Loan, net of debt issuance cost |
- | 10,721 | ||||||
TOTAL LIABILITIES |
38,214 | 42,516 | ||||||
COMMITMENTS AND CONTINGENCIES |
||||||||
STOCKHOLDERS' EQUITY |
||||||||
Common stock, authorized 20,000,000 shares of $0.01 par value; |
||||||||
10,495,548 and 10,343,223 shares issued and outstanding at |
||||||||
April 30, 2024 and October 31, 2023, respectively |
105 | 104 | ||||||
Additional paid-in capital |
26,589 | 26,087 | ||||||
Retained earnings |
7,915 | 13,571 | ||||||
TOTAL STOCKHOLDERS' EQUITY |
34,609 | 39,762 | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ | 72,823 | $ | 82,278 |
4月30日, | 10月31日 | |||||||
2024 | 2023 | |||||||
资产 |
(未经审计) | (审计过) | ||||||
流动资产 |
||||||||
现金及现金等价物 |
$ | 1,400 | $ | 4,897 | ||||
交易应收账款净额 |
10,552 | 10,277 | ||||||
存货 |
16,379 | 18,730 | ||||||
其他资产 |
1,894 | 2,136 | ||||||
总流动资产 |
30,225 | 36,040 | ||||||
资产和设备,净值 |
4,814 | 4,924 | ||||||
租赁权益资产,净值 |
14,999 | 15,689 | ||||||
商誉 |
8,085 | 8,085 | ||||||
可摊销无形资产净额 |
12,751 | 13,595 | ||||||
不可摊销的无形资产 |
1,174 | 1,174 | ||||||
递延所得税资产 |
- | 2,494 | ||||||
其他 |
775 | 277 | ||||||
总资产 |
$ | 72,823 | $ | 82,278 | ||||
负债和股东权益 |
||||||||
流动负债 |
||||||||
应付账款及应计费用 |
$ | 7,373 | $ | 7,773 | ||||
授信额度 |
10,460 | 1,000 | ||||||
期贷款的流动部分 |
- | 2,424 | ||||||
经营租赁负债流动部分 |
1,424 | 1,314 | ||||||
流动负债合计 |
19,257 | 12,511 | ||||||
经营租赁负债 |
18,775 | 19,284 | ||||||
递延税款负债 |
182 | - | ||||||
净债务发行成本的贷款 |
- | 10,721 | ||||||
负债合计 |
38,214 | 42,516 | ||||||
承诺事项和不确定事项 |
||||||||
股东权益 |
||||||||
普通股,授权20,000,000股,每股面值$0.01; |
||||||||
分别于2024年4月30日和2023年10月31日发行并流通的股票数为10,495,548和10,343,223股。 |
||||||||
April 30, 2024和October 31, 2023分别发行了10,495,548和10,343,223股股票。 |
105 | 104 | ||||||
额外实收资本 |
26,589 | 26,087 | ||||||
保留盈余 |
7,915 | 13,571 | ||||||
股东权益合计 |
34,609 | 39,762 | ||||||
负债合计及股东权益总计 |
$ | 72,823 | $ | 82,278 |
RF INDUSTRIES, LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share amounts)
RF INDUSTRIES, LTD.和子公司
简明合并利润表
(以千为单位,除股份数量和每股金额外)
Three Months Ended | Six Months Ended | |||||||||||||||
April 30, | April 30, | |||||||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||
Net sales |
$ | 16,110 | $ | 22,298 | $ | 29,568 | $ | 40,642 | ||||||||
Cost of sales |
11,286 | 16,178 | 21,441 | 29,435 | ||||||||||||
Gross profit |
4,824 | 6,120 | 8,127 | 11,207 | ||||||||||||
Operating expenses: |
||||||||||||||||
Engineering |
637 | 882 | 1,405 | 1,845 | ||||||||||||
Selling and general |
4,602 | 4,749 | 9,221 | 10,042 | ||||||||||||
Total operating expenses |
5,239 | 5,631 | 10,626 | 11,887 | ||||||||||||
Operating (loss) income |
(415 | ) | 489 | (2,499 | ) | (680) | ||||||||||
Other expense |
(230 | ) | (72 | ) | (339 | ) | (225) | |||||||||
(Loss) income before benefit for income taxes |
(645 | ) | 417 | (2,838 | ) | (905) | ||||||||||
Provision (benefit) from income taxes |
3,649 | (164 | ) | 2,818 | (324) | |||||||||||
Consolidated net (loss) income |
$ | (4,294 | ) | $ | 581 | $ | (5,656 | ) | $ | (581) | ||||||
(Loss) earnings per share - Basic |
$ | (0.41 | ) | $ | 0.06 | $ | (0.54 | ) | $ | (0.06) | ||||||
(Loss) earnings per share - Diluted |
$ | (0.41 | ) | $ | 0.06 | $ | (0.54 | ) | $ | (0.06) | ||||||
Weighted average shares outstanding: |
||||||||||||||||
Basic |
10,495,548 | 10,290,911 | 10,452,597 | 10,256,158 | ||||||||||||
Diluted |
10,495,548 | 10,327,271 | 10,452,597 | 10,256,158 |
三个月之内结束 | 销售额最高的六个月 | |||||||||||||||
4月30日, | 4月30日, | |||||||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||||||
(未经审计) | (未经审计) | (未经审计) | (未经审计) | |||||||||||||
净销售额 |
$ | 16,110 | $ | 22,298 | $ | 29,568 | $ | 40,642 | ||||||||
销售成本 |
11,286 | 16,178 | 21,441 | 29,435 | ||||||||||||
毛利润 |
4,824 | 6,120 | 8,127 | 11,207 | ||||||||||||
营业费用: |
||||||||||||||||
工程 |
637 | 882 | 1,405 | 1,845 | ||||||||||||
销售和一般 |
4,602 | 4,749 | 9,221 | 10,042 | ||||||||||||
营业费用总计 |
5,239 | 5,631 | 10,626 | 11,887 | ||||||||||||
营业(亏损)收入 |
(415 | ) | 489 | (2,499 | ) | (680) | ||||||||||
其他支出 |
(230 | ) | (72 | ) | (339 | ) | (225) | |||||||||
(税前损益) |
(645 | ) | 417 | (2,838 | ) | (905)278-2200 | ||||||||||
所得税费用的减少(利益) |
3,649 | (164 | ) | 2,818 | (324) | |||||||||||
合并净(亏)收益 |
$ | (4,294 | ) | $ | 581 | $ | (5,656 | ) | $ | (581) | ||||||
基本每股收益/亏损 |
$ | (0.41 | ) | $ | 0.06 | $ | (0.54 | ) | $ | (0.06) | ||||||
摊薄每股收益/亏损 |
$ | (0.41 | ) | $ | 0.06 | $ | (0.54 | ) | $ | (0.06) | ||||||
加权平均股数: |
||||||||||||||||
基本 |
10,495,548 | 10,290,911 | 10,452,597 | 10,256,158 | ||||||||||||
摊薄 |
10,495,548 | 10,327,271 | 10,452,597 | 10,256,158 |
RF INDUSTRIES, LTD. AND SUBSIDIARIES
Unaudited Reconciliation of GAAP to Non-GAAP Net Income (Loss)
(In thousands, except share and per share amounts)
RF INDUSTRIES, LTD.和子公司
未经审计的GAAP与非GAAP净利润(亏损)调和表
(以千为单位,除股份数量和每股金额外)
Three Months Ended | Six Months Ended | |||||||||||||||
April 30, | April 30, | |||||||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||||||
Consolidated net (loss) income |
$ | (4,294) | $ | 581 | $ | (5,656) | $ | (581) | ||||||||
Provision (benefit) from income taxes |
3,649 | (164) | 2,818 | (324) | ||||||||||||
Stock-based compensation expense |
248 | 230 | 503 | 441 | ||||||||||||
Non-cash and other one-time charges |
50 | 89 | 145 | 533 | ||||||||||||
Severance |
56 | - | 56 | 50 | ||||||||||||
Amortization expense |
423 | 426 | 845 | 857 | ||||||||||||
Non-GAAP net income (loss) |
$ | 132 | $ | 1,162 | $ | (1,289) | $ | 976 | ||||||||
Non-GAAP earnings (loss) per share: |
||||||||||||||||
Basic |
$ | 0.01 | $ | 0.11 | $ | (0.12) | $ | 0.10 | ||||||||
Diluted |
$ | 0.01 | $ | 0.11 | $ | (0.12) | $ | 0.09 | ||||||||
Weighted average shares outstanding |
||||||||||||||||
Basic |
10,495,548 | 10,290,911 | 10,452,597 | 10,256,158 | ||||||||||||
Diluted |
10,495,548 | 10,327,271 | 10,452,597 | 10,307,036 |
三个月之内结束 | 销售额最高的六个月 | |||||||||||||||
4月30日, | 4月30日, | |||||||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||||||
合并净(亏)收益 |
$ | (4,294) | $ | 581 | $ | (5,656) | $ | (581) | ||||||||
所得税费用的减少(利益) |
3,649 | (164) | 2,818 | (324) | ||||||||||||
股票补偿费用 |
248 | 230 | 503 | 441 | ||||||||||||
非现金和其他一次性费用 |
50 | 89 | 145 | 533 | ||||||||||||
解雇费用 |
56 | - | 56 | 50 | ||||||||||||
摊销费用 |
423 | 426 | 845 | 857 | ||||||||||||
非GAAP净收入(净亏损) |
$ | 132 | $ | 1,162 | $ | (1,289) | $ | 976 | ||||||||
每股非通用会计准则盈亏: |
||||||||||||||||
基本 |
$ | 0.01 | $ | 0.11 | $ | (0.12) | $ | 0.10 | ||||||||
摊薄 |
$ | 0.01 | $ | 0.11 | $ | (0.12) | $ | 0.09 | ||||||||
加权平均股数 |
||||||||||||||||
基本 |
10,495,548 | 10,290,911 | 10,452,597 | 10,256,158 | ||||||||||||
摊薄 |
10,495,548 | 10,327,271 | 10,452,597 | 10,307,036 |
RF INDUSTRIES, LTD. AND SUBSIDIARIES
Unaudited Reconciliation of Net (Loss) Income to Adjusted EBITDA
(In thousands)
RF INDUSTRIES, LTD.和子公司
未经审计的净(损)收入调整为调整后的息税折旧及摊销前利润(EBITDA)
(以千为单位)
Three Months Ended | Six Months Ended | |||||||||||||||
April 30, | April 30, | |||||||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||||||
Consolidated net (loss) income |
$ | (4,294) | $ | 581 | $ | (5,656) | $ | (581) | ||||||||
Stock-based compensation expense |
248 | 230 | 503 | 441 | ||||||||||||
Non-cash and other one-time charges |
50 | 89 | 145 | 533 | ||||||||||||
Severance |
56 | - | 56 | 50 | ||||||||||||
Amortization expense |
423 | 426 | 845 | 857 | ||||||||||||
Depreciation expense |
210 | 197 | 421 | 308 | ||||||||||||
Other expense |
230 | 72 | 339 | 225 | ||||||||||||
Provision (benefit) from income taxes |
3,649 | (164) | 2,818 | (324) | ||||||||||||
Adjusted EBITDA |
$ | 572 | $ | 1,431 | $ | (529) | $ | 1,509 |
三个月之内结束 | 销售额最高的六个月 | |||||||||||||||
4月30日, | 4月30日, | |||||||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||||||
合并净(亏)收益 |
$ | (4,294) | $ | 581 | $ | (5,656) | $ | (581) | ||||||||
股票补偿费用 |
248 | 230 | 503 | 441 | ||||||||||||
非现金和其他一次性费用 |
50 | 89 | 145 | 533 | ||||||||||||
解雇费用 |
56 | - | 56 | 50 | ||||||||||||
摊销费用 |
423 | 426 | 845 | 857 | ||||||||||||
1,092 |
210 | 197 | 421 | 308 | ||||||||||||
其他支出 |
230 | 72 | 339 | 225 | ||||||||||||
所得税费用的减少(利益) |
3,649 | (164) | 2,818 | (324) | ||||||||||||
调整后的EBITDA |
$ | 572 | $ | 1,431 | $ | (529) | $ | 1,509 |
SOURCE: RF Industries, Ltd.
来源:RF Industries,Ltd。