RF Industries, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2023
September 14, 2023 at 04:09 pm EDT
Share
RF Industries, Ltd. reported earnings results for the third quarter and nine months ended July 31, 2023. For the third quarter, the company reported sales was USD 15.65 million compared to USD 23.84 million a year ago. Net loss was USD 1.65 million compared to net income of USD 0.771 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to basic earnings per share from continuing operations of USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to diluted earnings per share from continuing operations of USD 0.08 a year ago.
For the nine months, sales was USD 56.29 million compared to USD 62.27 million a year ago. Net loss was USD 2.23 million compared to net income of USD 0.997 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to diluted earnings per share from continuing operations of USD 0.1 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. 
