RF Industries Ltd
NASDAQ:RFIL
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RF Industries Ltd
NASDAQ:RFIL
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Tianju Dihe Suzhou Technology Co Ltd
HKEX:2479
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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.
Revenue: Q1 net sales were $19.0 million, roughly flat year-over-year and down 16% sequentially from $22.7 million (seasonal Q1 softness).
Margins: Gross margin expanded to 32.3%, up 250 basis points versus 29.8% a year ago, driving operating income of $177,000 and higher profitability.
Profitability: Adjusted EBITDA rose 22% to $1.1 million (5.6% of sales); non-GAAP net income was $659,000 ($0.06/share) while GAAP net loss was $50,000 ($0.00/share).
Backlog: Backlog jumped to $18.6 million (from $12.4 million at mid-January and $14.4 million at quarter end), providing visibility into later quarters.
Products & markets: Management highlighted traction in DAC thermal cooling, small cell and custom cabling across telecom, edge data centers, aerospace, industrial and government markets.
Operations & liquidity: Net debt reduced materially YoY, cash $5.1 million, working capital $14.6 million and borrowed $7.1 million on revolver; inventory steady at $13.8 million.
Outlook: Management expects revenue growth to accelerate in the back half of fiscal 2026 driven by backlog conversion and diversified demand; goal remains adjusted EBITDA of 10%+.