Rf Industries, Ltd. ( (RFIL) ) has released its Q4 earnings. Here is a breakdown of the information Rf Industries, Ltd. presented to its investors.
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RF Industries, Ltd., headquartered in San Diego, California, is a national manufacturer and marketer of interconnect products and systems, specializing in wireless/wireline telecom and data communications sectors. The company offers a diverse range of products including RF connectors, coaxial cables, and integrated small cell enclosures.
The company reported a positive close to its fiscal year 2024 with a notable increase in fourth-quarter net sales, which rose by 16% year-over-year to $18.5 million. Despite the overall fiscal year net sales decreasing by 10% to $64.9 million, RF Industries demonstrated a robust turnaround in profitability with improved gross profit margins and a reduction in operating losses.
Key financial highlights include a fourth-quarter operating income of $96,000, marking a significant recovery from the $1.1 million loss recorded in the same quarter the previous year. The gross profit margin improved to 31.3%, and the adjusted EBITDA surged to $908,000 from a loss of $108,000 the prior year. Notably, inventory management enhancements led to a substantial 21% reduction in inventory levels year-over-year.
Looking ahead, RF Industries is committed to enhancing profitability and aims to achieve an adjusted EBITDA margin of at least 10% in fiscal year 2025. The company plans to undertake a disruptive approach to its production and fulfillment operations, which is expected to improve scalability and maintain a competitive edge in the market.
