RF Industries First Quarter 2023 Earnings: Revenues Miss Expectations

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).

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.

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