Stock Analysis

RF Industries First Quarter 2023 Earnings: Revenues Miss Expectations

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RF Industries (NASDAQ:RFIL) First Quarter 2023 Results

Key Financial Results

  • Revenue: US$18.3m (up 8.4% from 1Q 2022).
  • Net loss: US$1.16m (loss widened by 320% from 1Q 2022).
NasdaqGM:RFIL Earnings and Revenue History March 15th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

RF Industries Revenues Disappoint

Revenue missed analyst estimates by 6.9%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 14% from a week ago.

Risk Analysis

You still need to take note of risks, for example - RF Industries has 4 warning signs we think you should be aware of.

What are the risks and opportunities for RF Industries?

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally.

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  • Trading at 3.6% below our estimate of its fair value

  • Earnings are forecast to grow 103.45% per year


  • Does not have a meaningful market cap ($43M)

  • Profit margins (0.6%) are lower than last year (9.8%)

  • Large one-off items impacting financial results

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