Quarterly ResultJun 15, 2026, 04:12 PM
RF Industries Q2 Net Income $879K, Sales $20.7M; Turns Profitable YoY
AI Summary
RF Industries reported a strong second quarter for fiscal year 2026, with net sales rising 9% year-over-year to $20.7 million and gross profit margin improving to 35.1%. The company achieved a consolidated net income of $879,000, a significant turnaround from a net loss in the previous year. Management highlighted robust bookings and a backlog of $20 million, indicating positive momentum for the second half of the fiscal year.
Key Highlights
- Net sales increased 9% year-over-year to $20.7 million.
- Gross profit margin improved to 35.1% from 31.5% YoY.
- Operating income rose to $1.1 million from $106,000 YoY.
- Consolidated net income was $879,000 ($0.08/share diluted), a turnaround from a net loss of $245,000 ($0.02/share diluted) in the prior year.
- Non-GAAP net income was $1.6 million ($0.14/share diluted), up from $701,000 ($0.07/share diluted) YoY.
- Adjusted EBITDA was $2 million, up from $1.1 million YoY.
- Backlog stood at $20 million at quarter-end with $26.3 million in bookings during the quarter.
Price Impact