RF Industries Ltd. announced its third quarter fiscal year 2025 financial results, reporting a significant increase in net sales and net income. The company achieved net sales of $19.8 million, marking a 17.5% rise from $16.8 million year-over-year, and a 4.7% increase from $18.9 million in the second quarter of fiscal 2025. The gross profit margin improved to 34% from 29.5% in the same quarter the previous year. Operating income for the third quarter was $720,000, a turnaround from an operating loss of $419,000 in the year-ago period. Consolidated net income stood at $392,000, or $0.04 per diluted share, compared to a consolidated net loss of $705,000, or $0.07 per diluted share, year-over-year. On a non-GAAP basis, net income was $1.1 million, or $0.10 per diluted share, compared to a non-GAAP net loss of $95,000, or $0.01 per diluted share, in the third quarter of fiscal 2024. Adjusted EBITDA increased to $1.6 million, up from $460,000 year-over-year. The company reported a backlog of $19.7 million at the end of the quarter, with third quarter bookings amounting to $24.5 million. As of the report date, the backlog stands at $16.1 million. CEO Robert Dawson noted the company's efforts to lower cost structure and achieve operating leverage, expressing optimism in reaching the adjusted EBITDA goal of at least 10% in the future.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RF Industries Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1071871) on September 11, 2025, and is solely responsible for the information contained therein.
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