Stock Analysis
- United States
- /
- Electronic Equipment and Components
- /
- NasdaqGM:RFIL
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.
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.
Rewards
Trading at 3.6% below our estimate of its fair value
Earnings are forecast to grow 103.45% per year
Risks
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
Further research on
RF Industries
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGM:RFIL
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.
Excellent balance sheet with moderate growth potential.
