R F INDUSTRIES LTD RFIL

Technology SIC 3678 - Electronic Connectors NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Electronic Connector Manufacturing derived Nasdaq

RF Industries, Ltd. (together with subsidiaries, the "Company", "we", "us", or "our") is a national manufacturer and marketer of interconnect products and systems, including high-performance components such as RF connectors and adapters, dividers, directional couplers and filters, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems and integrated small cell enclosures. Through our manufacturing and production facilities, we provide a wide selection of interconnect products and solutions primarily to telecommunications carriers and equipment manufacturers, wireless and network infrastructure carriers and manufacturers and to various original equipment manufacturers ("OEMs") in several market segments. We also design, engineer, manufacture and sell energy-efficient cooling systems and integrated small cell solutions and related components.

Last close 6.90 2026-10-23
Market cap $74.9M 2026-04-30 share count
52-week range 5.54 - 22.30

Valuation FY2025 figures against the last close

P/S0.9x
P/E690.0x
P/FCF17.2x
EV/EBITDA17.6x
Dividend yield0.0%
Diluted EPS0.01

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $80.6M$64.9M$72.2M$72.2M$57.4M$43.0M$55.3M$50.2M$174.0K$30.2M
Cost of revenue $53.9M$46.0M$52.6M$52.6M$39.7M$31.5M$39.7M$33.1M$16.0M$21.8M
Gross profit $26.7M$18.9M$19.5M$19.5M$17.8M$11.6M$15.6M$17.1M$7.0M$8.5M
R&D $3.0M$2.8M$3.2M$3.2M$1.5M$2.0M$1.5M$1.5M$824.0K$747.0K
SG&A $22.0M$18.9M$20.2M$20.2M$11.9M$10.0M$9.7M$8.2M$6.0M$9.6M
Total operating expenses $25.0M$21.7M$23.3M$23.3M$13.4M$12.0M$11.2M$9.7M$6.8M$13.2M
Operating income $1.8M-$2.8M-$3.8M-$3.8M$4.4M-$403.0K$4.5M$7.4M$203.0K-$4.7M
Pre-tax income $813.0K-$3.8M-$4.2M-$4.2M$7.2M-$448.0K$4.6M$7.5M$232.0K-$4.7M
Income tax $738.0K$2.8M$1.2M$1.2M$1.0M$367.0K$1.0M$1.5M$62.0K$652.0K
Net income $75.0K-$6.6M-$3.1M-$3.1M$6.2M-$81.0K$3.5M$5.8M$382.0K-$4.1M
EPS, basic 0.01-0.63-0.30-0.300.62-0.010.380.640.04-0.47
EPS, diluted 0.01-0.63-0.30-0.300.61-0.010.360.610.04-0.47
Shares, diluted (wtd. avg.) 10.8M10.5M10.3M10.3M10.2M9.7M9.9M9.6M8.9M8.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $5.1M$839.0K$4.9M$4.5M$13.1M$15.8M$12.5M$16.3M$5.2M$5.3M
Receivables $14.9M$12.1M$10.3M$14.8M$13.5M$5.7M$12.2M$4.3M$2.9M$4.1M
Inventory $13.7M$14.7M$18.7M$21.1M$11.2M$8.6M$8.2M$7.1M$5.5M$6.0M
Total current assets $35.0M$29.1M$36.0M$46.2M$40.6M$30.9M$33.7M$28.5M$16.8M$16.8M
Property, plant and equipment $4.2M$4.8M$4.9M$3.2M$708.0K$810.0K$839.0K$559.0K$565.0K$828.0K
Goodwill $8.1M$8.1M$8.1M$8.1M$2.5M$2.5M$1.3M$1.3M$1.3M$3.2M
Other intangibles $10.3M$11.9M$13.6M$15.3M$2.7M$3.2M$1.1M$1.4M$1.6M$3.6M
Total assets $73.0M$71.0M$82.3M$89.6M$49.6M$40.8M$37.7M$32.5M$25.1M$25.8M
Accounts payable $3.1M$3.8M$3.2M$5.7M$3.5M$1.5M$2.4M$1.3M$1.0M$1.1M
Short-term debt —$0$2.4M$2.4M$0$1.7M————
Total current liabilities $20.9M$18.1M$12.5M$19.5M$9.4M$6.7M$6.1M$4.7M$3.6M$3.9M
Long-term debt —$0$10.7M$13.1M$0$1.1M————
Total liabilities $37.8M$37.0M$42.5M$47.7M$10.0M$8.8M$6.2M$4.7M$3.7M$4.4M
Retained earnings $7.0M$7.0M$13.6M$16.6M$15.2M$9.0M$9.5M$6.7M$1.6M$1.9M
Total equity $35.2M$34.1M$39.8M$41.9M$39.6M$32.1M$31.5M$27.8M$21.3M$21.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $4.6M$3.2M$4.2M$2.9M-$3.1M$4.5M-$2.7M$5.3M$768.0K-$1.3M
Depreciation and amortisation $2.5M$2.5M$2.4M$1.7M$770.0K$1.0M$563.0K———
Stock-based compensation $872.0K$924.0K$898.0K$689.0K$769.0K$556.0K$317.0K$211.0K$214.0K$206.0K
Capital expenditure $235.0K$738.0K$2.5M$2.7M$227.0K$235.0K$538.0K$266.0K$171.0K$384.0K
Investing cash flow -$223.0K-$738.0K-$2.5M-$27.1M-$227.0K-$4.1M-$996.0K$4.0M-$171.0K$26.0K
Financing cash flow -$116.0K-$6.5M-$1.3M$15.7M$605.0K$2.8M-$88.0K$383.0K-$647.0K-$1.1M
Dividends paid $0$0$0$0$0$388.0K$748.0K$730.0K$707.0K$1.1M
Buybacks ————————$0$158.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-001268.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -25M 0 25M 50M 75M 100M Revenue, FY2016: 30.2M Gross profit, FY2016: 8.5M Net income, FY2016: -4.1M Revenue, FY2017: 174K Gross profit, FY2017: 7M Net income, FY2017: 382K Revenue, FY2018: 50.2M Gross profit, FY2018: 17.1M Net income, FY2018: 5.8M Revenue, FY2019: 55.3M Gross profit, FY2019: 15.6M Net income, FY2019: 3.5M Revenue, FY2020: 43M Gross profit, FY2020: 11.6M Net income, FY2020: -81K Revenue, FY2021: 57.4M Gross profit, FY2021: 17.8M Net income, FY2021: 6.2M Revenue, FY2022: 72.2M Gross profit, FY2022: 19.5M Net income, FY2022: -3.1M Revenue, FY2023: 72.2M Gross profit, FY2023: 19.5M Net income, FY2023: -3.1M Revenue, FY2024: 64.9M Gross profit, FY2024: 18.9M Net income, FY2024: -6.6M Revenue, FY2025: 80.6M Gross profit, FY2025: 26.7M Net income, FY2025: 75K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $30.2M $174.0K $50.2M $55.3M $43.0M $57.4M $72.2M $72.2M $64.9M $80.6M
Gross profit $8.5M $7.0M $17.1M $15.6M $11.6M $17.8M $19.5M $19.5M $18.9M $26.7M
Net income -$4.1M $382.0K $5.8M $3.5M -$81.0K $6.2M -$3.1M -$3.1M -$6.6M $75.0K

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Annual report filed Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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