R F INDUSTRIES LTD RFIL
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -0.30 | 0.62 | -0.01 | 0.38 | 0.64 | 0.04 | -0.47 |
| EPS, diluted | 0.01 | -0.63 | -0.30 | -0.30 | 0.61 | -0.01 | 0.36 | 0.61 | 0.04 | -0.47 |
| Shares, diluted (wtd. avg.) | $10.8M | $10.5M | $10.3M | $10.3M | $10.2M | $9.7M | $9.9M | $9.6M | $8.9M | $8.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 3678
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| APH | AMPHENOL CORP /DE/ | $102.07B | 24.8x | 51.7% |
| MEI | METHODE ELECTRONICS INC | $559.3M | — | -2.8% |