Tillkännagivande • Jul 29
RF Industries, Ltd., Annual General Meeting, Sep 10, 2026 RF Industries, Ltd., Annual General Meeting, Sep 10, 2026. Location: at 300 interpace parkway, parsippany, new jersey 07054 United States Reported Earnings • Jun 16
Second quarter 2026 earnings released: EPS: US$0.081 (vs US$0.023 loss in 2Q 2025) Second quarter 2026 results: EPS: US$0.081 (up from US$0.023 loss in 2Q 2025). Revenue: US$20.7m (up 9.4% from 2Q 2025). Net income: US$879.0k (up US$1.12m from 2Q 2025). Profit margin: 4.2% (up from net loss in 2Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jun 01
RF Industries, Ltd. to Report Q2, 2026 Results on Jun 15, 2026 RF Industries, Ltd. announced that they will report Q2, 2026 results After-Market on Jun 15, 2026 Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Kay Tidwell was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 27
RF Industries, Ltd. to Report Q1, 2026 Results on Mar 16, 2026 RF Industries, Ltd. announced that they will report Q1, 2026 results After-Market on Mar 16, 2026 Tillkännagivande • Jan 07
RF Industries, Ltd. to Report Q4, 2025 Results on Jan 14, 2026 RF Industries, Ltd. announced that they will report Q4, 2025 results After-Market on Jan 14, 2026 Tillkännagivande • Sep 12
RF Industries, Ltd. Provides Sales Guidance for the Fourth Quarter of 2025 RF Industries, Ltd. provided sales guidance for the fourth quarter of 2025. The company expected that fiscal fourth quarter net sales will be similar to what the company delivered in third quarter of 2025. Looking ahead to fourth quarter of 2025, the company expected revenue to remain steady with continued strength in small cell, DAC, aerospace, venues and broadband markets. Tillkännagivande • Sep 03
RF Industries, Ltd. to Report Q3, 2025 Results on Sep 11, 2025 RF Industries, Ltd. announced that they will report Q3, 2025 results After-Market on Sep 11, 2025 Tillkännagivande • Jul 31
RF Industries, Ltd., Annual General Meeting, Sep 10, 2025 RF Industries, Ltd., Annual General Meeting, Sep 10, 2025. Location: 300 interpace parkway, parsippany, new jersey, United States Tillkännagivande • Jun 04
RF Industries, Ltd. to Report Q2, 2025 Results on Jun 16, 2025 RF Industries, Ltd. announced that they will report Q2, 2025 results After-Market on Jun 16, 2025 Tillkännagivande • Mar 20
RF Industries, Ltd. Provides Earnings Guidance for the Year 2025 RF Industries, Ltd. provided earnings guidance for the year 2025. For the year, the company expects to be significantly higher than fiscal 2024. Tillkännagivande • Mar 03
RF Industries, Ltd. to Report Q1, 2025 Results on Mar 17, 2025 RF Industries, Ltd. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 17, 2025 Tillkännagivande • Dec 19
RF Industries, Ltd. to Report Q4, 2024 Results on Jan 16, 2025 RF Industries, Ltd. announced that they will report Q4, 2024 results After-Market on Jan 16, 2025 Recent Insider Transactions • Oct 03
Independent Chairman of the Board recently bought €55k worth of stock On the 1st of October, Mark Holdsworth bought around 15k shares on-market at roughly €3.59 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Reported Earnings • Sep 17
Third quarter 2024 earnings released: US$0.067 loss per share (vs US$0.16 loss in 3Q 2023) Third quarter 2024 results: US$0.067 loss per share (improved from US$0.16 loss in 3Q 2023). Revenue: US$16.8m (up 7.6% from 3Q 2023). Net loss: US$705.0k (loss narrowed 57% from 3Q 2023). Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Sep 17
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €3.54. The fair value is estimated to be €2.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 59% in the next year. Buy Or Sell Opportunity • Aug 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €3.26. The fair value is estimated to be €2.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 59% in the next year. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€33.6m market cap, or US$36.7m). Tillkännagivande • Jul 29
RF Industries, Ltd., Annual General Meeting, Sep 05, 2024 RF Industries, Ltd., Annual General Meeting, Sep 05, 2024. Location: rfindustries ltd, 16868 via del campo court, suite 200, california 92127, san diego United States Reported Earnings • Jun 16
Second quarter 2024 earnings released: US$0.41 loss per share (vs US$0.056 profit in 2Q 2023) Second quarter 2024 results: US$0.41 loss per share (down from US$0.056 profit in 2Q 2023). Revenue: US$16.1m (down 28% from 2Q 2023). Net loss: US$4.29m (down US$4.88m from profit in 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. New Risk • Jun 14
New major risk - Revenue and earnings growth Earnings have declined by 38% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 38% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€31.4m market cap, or US$33.6m). Tillkännagivande • Jun 02
RF Industries, Ltd. to Report Q2, 2024 Results on Jun 13, 2024 RF Industries, Ltd. announced that they will report Q2, 2024 results After-Market on Jun 13, 2024 Buy Or Sell Opportunity • May 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to €2.74. The fair value is estimated to be €3.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.3% in a year. Earnings are forecast to grow by 18% in the next year. Buy Or Sell Opportunity • Apr 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to €2.72. The fair value is estimated to be €3.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.3% in a year. Earnings are forecast to grow by 18% in the next year. Buy Or Sell Opportunity • Apr 24
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €2.78. The fair value is estimated to be €3.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.3% in a year. Earnings are forecast to grow by 18% in the next year. Reported Earnings • Mar 19
First quarter 2024 earnings released: US$0.13 loss per share (vs US$0.11 loss in 1Q 2023) First quarter 2024 results: US$0.13 loss per share (further deteriorated from US$0.11 loss in 1Q 2023). Revenue: US$13.5m (down 27% from 1Q 2023). Net loss: US$1.36m (loss widened 17% from 1Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 06
RF Industries, Ltd. to Report Q1, 2024 Results on Mar 18, 2024 RF Industries, Ltd. announced that they will report Q1, 2024 results After-Market on Mar 18, 2024 Tillkännagivande • Mar 01
RF Industries, Ltd. Promotes Ray Bibisi to President Effective February 29, 2024, RF Industries, Ltd. promoted Mr. Ray Bibisi to President, adding to his current role of Chief Operating Officer of the Company. There is no arrangement or understanding with any person pursuant to which Mr. Bibisi was appointed President. There are no family relationships between Mr. Bibisi and any director or executive officer of the Company. As President, Ray Bibisi will lead RFI’s sales, product management, and engineering teams across all business units. This strategic move aims to seamlessly integrate these functions creating a more cohesive and efficient organizational structure to pursue significant market opportunities. Prior to joining RF Industries, Ray spent the past 30+ years at Radio Frequency Systems (RFS) holding concurrent roles of VP of Sales and General Manager of North America and was a member of the Global Governing Executive Committee. Reported Earnings • Jan 24
Full year 2023 earnings released: US$0.30 loss per share (vs US$0.14 profit in FY 2022) Full year 2023 results: US$0.30 loss per share (down from US$0.14 profit in FY 2022). Revenue: US$72.2m (down 15% from FY 2022). Net loss: US$3.08m (down 313% from profit in FY 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jan 18
RF Industries, Ltd. to Report Q4, 2023 Results on Jan 23, 2024 RF Industries, Ltd. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Jan 23, 2024 Tillkännagivande • Nov 03
Rf Industries, Ltd. Announces Resignation of Jason Cohenour from the Board of Directors and All Committees of the Board On October 27, 2023, Jason Cohenour informed RF Industries, Ltd. of his intent to resign from the board of directors of the Company and all committees of the Board due to increased time commitments with other endeavors. His resignation is effective as of October 31, 2023. Mr. Cohenour was appointed to the Board in September 2022. Mr. Cohenour’s decision to resign from the Board was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Tillkännagivande • Sep 15
RF Industries, Ltd. Provides Sales Guidance for Fourth Quarter 2023 RF Industries, Ltd. provided sales guidance for fourth quarter 2023. For the period, Based on current visibility, company expect sales to increase sequentially from the third quarter and that subsequent quarters will continue to improve throughout 2024. Reported Earnings • Sep 15
Third quarter 2023 earnings released: US$0.16 loss per share (vs US$0.076 profit in 3Q 2022) Third quarter 2023 results: US$0.16 loss per share (down from US$0.076 profit in 3Q 2022). Revenue: US$15.7m (down 34% from 3Q 2022). Net loss: US$1.65m (down 313% from profit in 3Q 2022). Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buying Opportunity • Aug 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €4.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 0.5% in a year. Earnings is forecast to grow by 27% in the next year. Tillkännagivande • Aug 25
RF Industries, Ltd. to Report Q3, 2023 Results on Sep 14, 2023 RF Industries, Ltd. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Sep 14, 2023 Tillkännagivande • Jul 28
RF Industries, Ltd., Annual General Meeting, Sep 06, 2023 RF Industries, Ltd., Annual General Meeting, Sep 06, 2023, at 11:00 Pacific Daylight. Location: offices of RF Industries, Ltd., 16868 Via Del Campo Court, Suite 200 San Diego United States Agenda: To consider to elect two members of the Company's Board of Directors to serve until the 2026 Annual Meeting of Stockholders; to conduct an advisory vote on the compensation of the Company's named executive officers as disclosed in this proxy statement; to ratify the selection of CohnReznick LLP as the Company's independent registered public accounting firm for the fiscal year ending October 31, 2023; and to transact such other business as may properly come before the Annual Meeting of Stockholders or any adjournment or postponement thereof. New Risk • Jun 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (€38.0m market cap, or US$41.4m). Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €3.90, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 18x in the Electronic industry in Germany. Total loss to shareholders of 7.6% over the past three years. Reported Earnings • Jun 15
Second quarter 2023 earnings released: EPS: US$0.056 (vs US$0.05 in 2Q 2022) Second quarter 2023 results: EPS: US$0.056 (up from US$0.05 in 2Q 2022). Revenue: US$22.3m (up 3.7% from 2Q 2022). Net income: US$581.0k (up 16% from 2Q 2022). Profit margin: 2.6% (up from 2.3% in 2Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Tillkännagivande • May 25
RF Industries, Ltd. to Report Q2, 2023 Results on Jun 14, 2023 RF Industries, Ltd. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jun 14, 2023 Tillkännagivande • May 24
RF Industries, Ltd Provides Earnings Guidance for the Second Quarter of 2023 RF Industries, Ltd. provided earnings guidance for the second quarter of 2023. For the period, the company expects revenue to be in the range of $22.0 million to $22.3 million. Thecompany also expects to report an operating profit and be cash flow positive for the second fiscal quarter. Reported Earnings • Mar 15
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$18.3m (up 8.4% from 1Q 2022). Net loss: US$1.16m (loss widened 320% from 1Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Reported Earnings • Jan 13
Full year 2022 earnings released: EPS: US$0.14 (vs US$0.62 in FY 2021) Full year 2022 results: EPS: US$0.14 (down from US$0.62 in FY 2021). Revenue: US$85.3m (up 49% from FY 2021). Net income: US$1.45m (down 77% from FY 2021). Profit margin: 1.7% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 13
RF Industries, Ltd. Provides Revenue Guidance for the Full Year Fiscal 2023 RF Industries, Ltd. provided revenue guidance for the full year fiscal 2023. For the year, company expects revenue to range between $90 million and $94 million. Tillkännagivande • Dec 23
RF Industries, Ltd. to Report Q4, 2022 Results on Jan 12, 2023 RF Industries, Ltd. announced that they will report Q4, 2022 results After-Market on Jan 12, 2023 Reported Earnings • Sep 15
Third quarter 2022 earnings released: EPS: US$0.076 (vs US$0.093 in 3Q 2021) Third quarter 2022 results: EPS: US$0.076 (down from US$0.093 in 3Q 2021). Revenue: US$23.8m (up 56% from 3Q 2021). Net income: US$771.0k (down 17% from 3Q 2021). Profit margin: 3.2% (down from 6.1% in 3Q 2021). Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 15
RF Industries, Ltd. Provides Earnings Guidance for the Year Ending October 31, 2022 RF Industries, Ltd. provided earnings guidance for the year ending October 31, 2022. For the year, the company expected net sales of between $83 million to $85 million, which would represent growth of at least 45% year over year. Tillkännagivande • Sep 13
RF Industries, Ltd. Announces Board of Directors Changes RF Industries, Ltd. announced the addition of Kay L. Tidwell and Jason Cohenour to the Company's Board of Directors. Kay L. Tidwell is the Executive Vice President, General Counsel and Chief Risk Officer of Hudson Pacific Properties Inc. She joined Hudson Pacific in 2010 and is responsible for the company's corporate legal function, overseeing corporate governance matters, SEC and NYSE compliance, and insurance and litigation, as well as managing outside counsel. Prior to Hudson Pacific, Tidwell was an attorney at Latham & Watkins LLP, where she began her legal career in the Los Angeles office, advising on a wide variety of corporate and securities matters, including Hudson Pacific's IPO. She received a Bachelor of Arts degree in English, magna cum laude, from Yale College. She also earned a Juris Doctor degree from Yale Law School. Jason Cohenour joins the Board with many years of executive leadership, sales, marketing, operations, and international M&A experience. He previously served as President, CEO, and Director at Sierra Wireless Inc. (SWIR) from 2005 to 2018. While CEO, Cohenour led a successful business turnaround, resulting in revenue growth of nearly 800% to an annualized run rate of $800 million. He also led a multi-year business transformation, pivoting the company from a mobile computing pure play to the global leader in intelligent wireless solutions for the IoT. Cohenour is also a Director of CalAmp Corp. (CAMP), a connected intelligence company, where he was appointed in June 2019 and serves on the Audit Committee as well as chairs the Governance and Nominating Committee. He has a BS degree in Business Administration from the University of Rhode Island. The Company also announced that former Chairman of the Board, and long-time Board member, Marvin Fink has retired from the Company's Board, effective September 7, 2022, following more than 20 years of dedicated service. Mr. Fink was the Chairman of the Board of RF Industries from 2001 to 2021 and was instrumental in the long-term growth of the Company, including being a key piece of its significant turnaround and growth in the last five years. With these changes, the number of RF Industries Board members currently stands at six. Tillkännagivande • Sep 08
RF Industries, Ltd. to Report Q3, 2022 Results on Sep 14, 2022 RF Industries, Ltd. announced that they will report Q3, 2022 results After-Market on Sep 14, 2022 Tillkännagivande • Jul 28
RF Industries, Ltd., Annual General Meeting, Sep 08, 2022 RF Industries, Ltd., Annual General Meeting, Sep 08, 2022, at 11:00 Pacific Daylight. Location: the offices of Kroll, LLC, 10100 Santa Monica Blvd. Suite 1100, Los Angeles, CA 90067 california United States Agenda: To elect two members of the Company's Board of Directors to serve until the 2025 Annual Meeting of Stockholders; to conduct an advisory vote on the compensation of the Company's named executive officers as disclosed in this proxy statement; To ratify the selection of CohnReznick LLP as the Company's independent registered public accounting firm for the fiscal year ending October 31, 2022; and to consider other matters if any. Reported Earnings • Jun 15
Second quarter 2022 earnings released: EPS: US$0.05 (vs US$0.49 in 2Q 2021) Second quarter 2022 results: EPS: US$0.05 (down from US$0.49 in 2Q 2021). Revenue: US$21.5m (up 95% from 2Q 2021). Net income: US$503.0k (down 90% from 2Q 2021). Profit margin: 2.3% (down from 44% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 15
RF Industries, Ltd. Revises Revenue Guidance for the Fiscal 2022 Year Ending October 31, 2022 RF Industries, Ltd. revised revenue guidance for the fiscal 2022 year ending October 31, 2022. The company expects full year total revenue of $80 million, up from its previous guidance of $75 million. Tillkännagivande • Jun 08
RF Industries, Ltd. to Report Q2, 2022 Results on Jun 14, 2022 RF Industries, Ltd. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jun 14, 2022 Tillkännagivande • May 14
RF Industries, Ltd Appoints Ray Bibisi as Chief Operating Officer RF Industries, Ltd. announced change to its leadership structure to support the integration of its recently announced acquisition of Microlab/FXR LLC and the Company’s move to the next phase of its business plan to support continued growth. Ray Bibisi has transitioned to the role of Chief Operating Officer of RF Industries, where he will work closely with Robert Dawson, CEO of RF Industries, on the Company’s overall strategy and execution. Mr. Bibisi will play a key role in driving the company’s continuous improvement efforts around maximizing operational efficiencies including lean principles, automation, and manufacturing consolidation, while managing supply chain rationalization and optimization initiatives. He will also oversee the transformation efforts around harmonizing the Company’s ERP system, along with other IT platforms and services. Buying Opportunity • Apr 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be €7.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in a year. Earnings is forecast to decline by 60% in the next year. Buying Opportunity • Apr 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.1%. The fair value is estimated to be €7.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in a year. Earnings is forecast to decline by 60% in the next year. Reported Earnings • Mar 18
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: US$0.028 loss per share (up from US$0.041 loss in 1Q 2021). Revenue: US$16.9m (up 69% from 1Q 2021). Net loss: US$277.0k (loss narrowed 31% from 1Q 2021). Revenue exceeded analyst estimates by 6.8%. Over the next year, revenue is forecast to grow 29%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 15% share price gain to €7.20, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 24x in the Electronic industry in Germany. Total returns to shareholders of 13% over the past three years. Tillkännagivande • Dec 24
RF Industries, Ltd. Provides Revenue Guidance for the First Quarter of 2022 RF Industries, Ltd. provided revenue guidance for the first quarter of 2022. Looking ahead, given the first quarter is seasonally toughest quarter, The company expects revenue to come down a bit compared to the fourth quarter, but certainly up significantly over last year's Q1. Reported Earnings • Dec 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.62 (up from US$0.008 loss in FY 2020). Revenue: US$57.4m (up 33% from FY 2020). Net income: US$6.18m (up US$6.26m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 8.7%. Over the next year, revenue is forecast to grow 31%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Tillkännagivande • Dec 18
RF Industries, Ltd. (NasdaqGM:RFIL) entered into a definitive agreement to acquire Microlab/FXR from Wireless Telecom Group, Inc. (NYSEAM:WTT) for $24.3 million. RF Industries, Ltd. (NasdaqGM:RFIL) entered into a definitive agreement to acquire Microlab/FXR from Wireless Telecom Group, Inc. (NYSEAM:WTT) for $24.3 million on December 17, 2021. RF Industries will pay for an aggregate cash consideration of $24.25 million. After the transaction is completed, Wireless Telecom will be debt free and have approximately $17.0 million in cash and cash equivalents. RF Industries intends to finance the acquisition from combination of cash on hand and borrowings from a credit facility. Microlab generated unaudited revenue of approximately $16 million and adjusted EBITDA of approximately $3.7 million for the twelve-month period ended September 30, 2021. At the completion of the transaction, Wireless Telecom Group will be comprised of Boonton, Holzworth and Noisecom brands within its test and measurement product group, and the CommAgility brand within its radio, baseband, and software product group. The transaction is subject to various terms and conditions, including approval by Wireless Telecom Group’s shareholders. The transaction was unanimously approved by the board of directors of both companies. Closing of the transaction is anticipated to occur in the first calendar quarter of 2022. RF Industries expects the transaction to be immediately accretive to its stand-alone financials and anticipates realizing meaningful operating synergies upon the integration of the Microlab business. Craig-Hallum Capital Group LLC acted as exclusive financial advisor and Bryan Cave Leighton Paisner LLP acted as legal advisor to Wireless Telecom Group. B. Riley Securities acted as financial advisor and DLA Piper acted as legal advisor to RF Industries. Reported Earnings • Sep 15
Third quarter 2021 earnings released: EPS US$0.093 (vs US$0.008 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$15.3m (up 60% from 3Q 2020). Net income: US$926.0k (up US$1.01m from 3Q 2020). Profit margin: 6.1% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Executive Departure • Sep 15
Independent Director Edward Benoit has left the company On the 8th of September, Edward Benoit's tenure as Independent Director ended after 8.4 years in the role. As of June 2021, Edward still personally held 72.08k shares (€450k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 18% share price gain to US$7.30, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 26x in the Electronic industry in Germany. Total loss to shareholders of 2.7% over the past three years. Reported Earnings • Jun 16
Second quarter 2021 earnings released: EPS US$0.49 (vs US$0.019 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$11.1m (up 6.4% from 2Q 2020). Net income: US$4.85m (up US$5.03m from 2Q 2020). Profit margin: 44% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 13
First quarter 2021 earnings released: US$0.041 loss per share (vs US$0.003 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$10.0m (down 19% from 1Q 2020). Net loss: US$403.0k (down US$429.0k from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue misses expectations Revenue missed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 37%, compared to a 17% growth forecast for the Electronic industry in Germany. Tillkännagivande • Mar 09
RF Industries, Ltd. to Report Q1, 2021 Results on Mar 11, 2021 RF Industries, Ltd. announced that they will report Q1, 2021 results After-Market on Mar 11, 2021 Is New 90 Day High Low • Feb 06
New 90-day high: €5.15 The company is up 44% from its price of €3.58 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period. Tillkännagivande • Jan 21
RF Industries, Ltd. Promotes Peter Yin to its Chief Financial Officer RF Industries, Ltd. announced Peter Yin as its Chief Financial Officer. Mr. Yin has served as RF Industries' interim CFO since July 2020. Mr. Yin joined RF Industries in September 2014 as Corporate Controller and was promoted to Senior Vice President, Finance & Operations in November 2019. He previously worked at Sony Corporation of America in Corporate Audit and at Grant Thornton in the Assurance practice. Tillkännagivande • Jan 06
RF Industries, Ltd. Names Mark K. Holdsworth to Board of Directors RF Industries, Ltd. announced it has appointed Mark K. Holdsworth to its board of directors. Mr. Holdsworth was appointed to fill the vacancy created by the recent retirement of Howard Hill. Mr. Holdsworth is a founder and managing partner of The Holdsworth Group, a trusted capital partner, advisor, and curator of alternative investments for family offices and corporations worldwide. He specializes in active management oversight, strategy, M&A activity and financing, with extensive financial expertise to provide knowledgeable insight and implement structures that can be used to accelerate growth and improve financial flexibility. Reported Earnings • Dec 31
Full year 2020 earnings released: US$0.008 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: US$43.0m (down 22% from FY 2019). Net loss: US$81.0k (down 102% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Dec 31
Revenue beats expectations Revenue exceeded analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 24%, compared to a 23% growth forecast for the Electronic industry in Germany. Tillkännagivande • Dec 23
Rf Industries, Ltd Announces Resignation of Director On December 21, 2020, RF Industries, Ltd. was informed by Howard Hill, a member of the company's Board of Directors, that he intends to resign as a director of the Company, effective upon the pending sale of his shares of the company's common stock in a private transaction. The sale is expected to be completed by the end of December 2020. Mr. Hill has advised the company that his decision to resign is for health reasons and not due to a disagreement with the company on any matter regarding its operations, policies or practices. Analyst Estimate Surprise Post Earnings • Dec 20
Revenue beats expectations Revenue exceeded analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 24%, compared to a 23% growth forecast for the Electronic industry in Germany. Reported Earnings • Dec 19
Full year 2020 earnings released: US$0.008 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: US$43.0m (down 22% from FY 2019). Net loss: US$81.0k (down 102% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Tillkännagivande • Dec 12
RF Industries, Ltd. to Report Q4, 2020 Results on Dec 17, 2020 RF Industries, Ltd. announced that they will report Q4, 2020 results After-Market on Dec 17, 2020 Is New 90 Day High Low • Dec 05
New 90-day high: €4.34 The company is up 19% from its price of €3.64 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. Tillkännagivande • Sep 02
RF Industries, Ltd. to Report Q3, 2020 Results on Sep 10, 2020 RF Industries, Ltd. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Sep 10, 2020 
