RF Industries Ltd
NASDAQ:RFIL
RF Industries Ltd
RF Industries Ltd. engages in the manufacture and market of interconnect products and systems. The company is headquartered in San Diego, California and currently employs 300 full-time employees. The Company’s segments include RF Connector and Cable Assembly segment, which designs, manufactures, markets, and distributes a broad range of connector and cable products, including coaxial connectors and cable assemblies that are integrated with coaxial connectors, used in telecommunications and information technology original equipment manufacturer markets and other end markets; and Custom Cabling Manufacturing and Assembly segment, which designs, manufactures, markets, and distributes custom copper and fiber cable assemblies, complex hybrid fiber optic and power solution cables, electromechanical wiring harnesses, wiring harnesses, cooling systems for wireless base stations, and remote equipment shelters and custom designed, pole-ready fifth generation small cell integrated enclosures. The company carries over 1,500 different types of connectors, adapters, tools, and test and measurements kits.
RF Industries Ltd. engages in the manufacture and market of interconnect products and systems. The company is headquartered in San Diego, California and currently employs 300 full-time employees. The Company’s segments include RF Connector and Cable Assembly segment, which designs, manufactures, markets, and distributes a broad range of connector and cable products, including coaxial connectors and cable assemblies that are integrated with coaxial connectors, used in telecommunications and information technology original equipment manufacturer markets and other end markets; and Custom Cabling Manufacturing and Assembly segment, which designs, manufactures, markets, and distributes custom copper and fiber cable assemblies, complex hybrid fiber optic and power solution cables, electromechanical wiring harnesses, wiring harnesses, cooling systems for wireless base stations, and remote equipment shelters and custom designed, pole-ready fifth generation small cell integrated enclosures. The company carries over 1,500 different types of connectors, adapters, tools, and test and measurements kits.
Strong Revenue Growth: RF Industries reported Q4 revenue of $22.7 million, up 23% year-over-year, with full-year revenue rising 24% to $80.6 million.
Margin Expansion: Q4 gross margin improved to 37%, beating the company's 30% target, and full-year gross margin reached 33%, up from 29% last year.
Profitability Surge: Adjusted EBITDA for Q4 was $2.6 million (11.5% of net sales), and $6.1 million for the year—sharply higher than $838,000 in the prior year.
Diversification Success: Telecom and wireless now make up about half of total sales, down from 70%, reflecting successful expansion into transportation, aerospace, and industrial markets.
Cost Controls & Improved Liquidity: The company reduced net debt by $4.6 million and negotiated better terms on its revolving credit facility, supporting financial flexibility.
Positive 2026 Outlook: Management expects continued sales and profit growth in fiscal 2026, following a similar trajectory as 2025 despite normal Q1 seasonality.
No Specific Guidance: While not giving exact numbers, management emphasized visible pipeline strength and confidence in maintaining or exceeding 10% EBITDA margins.
