RF Industries, Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended October 31, 2022
January 12, 2023 at 04:07 pm EST
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RF Industries, Ltd. reported earnings results for the fourth quarter and full year ended October 31, 2022. For the fourth quarter, the company reported sales was USD 22.99 million compared to USD 21.11 million a year ago. Net income was USD 0.451 million compared to USD 0.813 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.08 a year ago.
For the full year, sales was USD 85.25 million compared to USD 57.42 million a year ago. Net income was USD 1.45 million compared to USD 6.18 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.62 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.61 a year ago.
RF Industries, Ltd. is a manufacturer and marketer of interconnect products and systems. The Companyâs segments include RF Connector and Cable Assembly (RF Connector) and Custom Cabling Manufacturing and Assembly (Custom Cabling). The RF Connector segment designs, manufactures, markets and distributes a range of RF connector, adapter, coupler, divider, and cable products, including coaxial passives and cable assemblies that are used in telecommunications and information technology, original equipment manufacturers markets and other end markets. The Custom Cabling segment designs, manufactures, markets and distributes custom copper and fiber cable assemblies, complex hybrid fiber optic and power solution cables, electromechanical wiring harnesses, wiring harnesses for a range of applications in a diverse set of end markets, energy-efficient cooling systems for wireless base stations and remote equipment shelters and custom designed, pole-ready 5G small cell integrated enclosures.
RF INDUSTRIES, LTD. 
