RF Industries Reports Record Sales of $23.8 Million and 56% Sales Growth Year Over Year for the Third Quarter of Fiscal 2022
RF Industries Reports Record Sales of $23.8 Million and 56% Sales Growth Year Over Year for the Third Quarter of Fiscal 2022
SAN DIEGO, CA / ACCESSWIRE / September 14, 2022 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced its unaudited financial results for the third quarter of fiscal 2022 ended July 31, 2022.
加利福尼亚州圣迭戈/ACCESSWIRE/2022年9月14日/ RF实业有限公司(纳斯达克：RFIL)，一家全国性的互联产品和系统制造商和营销商，今天公布了截至2022年7月31日的2022财年第三季度未经审计的财务业绩。
Third Quarter Fiscal 2022 Highlights and Operating Results:
2022财年第三季度亮点和经营业绩：
- Net sales increased 11% sequentially and 56% year over year to $23.8 million.
- Microlab exceeded expectations delivering $6.5 million in sales in the quarter.
- Backlog of $30.6 million at July 31, 2022 on third quarter bookings of $26.8 million. As of today, backlog stands at $31.0 million.
- Gross profit margin was 30%, compared to 28% in the preceding second quarter, and 28% in the third quarter of fiscal 2021 (which excluded the impact of the Employee Retention Tax Credits ("ERC")).
- Consolidated net income was $771,000, or $0.08 per diluted share, compared to consolidated net income of $926,000, or $0.09 per diluted share, in the third quarter of fiscal 2021(which included the impact of the ERC).
- Non-GAAP net income was $1.2 million, or $0.12 per diluted share, compared to non-GAAP net income of $1.3 million, or $0.13 per diluted share, in the third quarter of fiscal 2021 (which included the impact of the ERC).
- Adjusted EBITDA was $2.1 million, compared to adjusted EBITDA of $1.0 million in the third quarter of fiscal 2021.
- Cash and cash equivalents were $5.1 million as of the end of the third quarter, and the Company's full $3.0 million revolver remains available.
- 净销售额环比增长11%，同比增长56%，达到2380万美元。
- MicroLab的销售额超出预期，本季度销售额为650万美元。
- 截至2022年7月31日，积压的订单为3,060万美元，第三季度的预订量为2,680万美元。截至今天，积压的订单为3100万美元。
- 毛利率为30%，而上一财年第二季度为28%，2021财年第三季度为28%(不包括员工留任税收抵免(ERC)的影响)。
- 合并净收入为771,000美元，或每股摊薄收益0.08美元，而2021财年第三季度的合并净收益为926,000美元，或每股摊薄收益0.09美元(其中包括ERC的影响)。
- 2021会计年度第三季度的非GAAP净收益为120万美元，或每股摊薄收益0.12美元，而2021会计年度第三季度的非GAAP净收益为130万美元，或每股摊薄收益0.13美元(其中包括ERC的影响)。
- 调整后的EBITDA为210万美元，而2021财年第三季度调整后的EBITDA为100万美元。
- 截至第三季度末，现金和现金等价物为510万美元，公司的全部300万美元左轮手枪仍可用。
See "Note Regarding Use of Non-GAAP Financial Measures," "Unaudited Reconciliation of GAAP to non-GAAP Net Income" and "Unaudited Reconciliation of Net Income to Adjusted EBITDA" below for additional information.
有关更多信息，请参阅下面的“关于使用非GAAP财务措施的说明”、“GAAP与非GAAP净收入的未经审计对账”和“未经审计的净收入与调整后EBITDA的对账”。
Fiscal 2022 Financial Guidance
2022财年财务指导
For the fiscal 2022 year ending October 31, 2022, RF Industries expects:
在截至2022年10月31日的2022财年，RF Industries预计：
- Full year net sales of between $83 million to $85 million, which would represent growth of at least 45% year over year.
- Gross margin improvement for the full year as we continue to drive margin improvement opportunities and a better product mix.
- 全年净销售额在8300万美元到8500万美元之间，这将意味着至少45%的同比增长。
- 由于我们继续推动利润率提高的机会和更好的产品组合，全年的毛利率有所提高。
Robert Dawson, President and CEO of RF Industries, commented:
射频工业首席执行官兼总裁罗伯特·道森评论道：
"We are pleased to report our highest quarterly revenue in company history. Q3 was another strong quarter of revenue growth and continued gross margin improvement that reflects both an organic increase in our overall business and higher margin revenue contribution from our successful acquisition of Microlab, which performed extremely well in the quarter. Our hybrid fiber business also remained strong, and we were pleased to announce last week another order from our newest North American Tier 1 wireless carrier customer to support their infrastructure build.
我们很高兴报告我们公司历史上最高的季度收入。第三季度是收入增长和毛利率持续改善的又一个强劲季度，这既反映了我们整体业务的有机增长，也反映了我们成功收购MicroLab带来的更高利润率收入贡献，该季度表现非常好。我们的混合光纤业务也保持强劲，我们上周高兴地宣布，我们最新的北美第一级无线运营商客户又订购了一份支持他们的基础设施建设的订单。
"With solid bookings and backlog, we are set up for a great finish to our fiscal year as we pursue additional projects in strategic higher margin product areas. In addition, we remain committed to further M&A activity as we continue to be strategic and focused with our capital allocation as another avenue of driving increased revenue, scale and profitability."
有了稳定的预订量和积压，我们为本财年的完美结束做好了准备，因为我们在战略上追求更高利润率产品领域的更多项目。此外，我们仍然致力于进一步的并购活动，因为我们继续保持战略地位，专注于我们的资本配置，作为推动收入、规模和盈利能力增加的另一条途径。
Conference Call and Webcast
电话会议和网络广播
RF Industries will host a conference call and live webcast today at 4:30 p.m. Eastern Time (1:30 p.m. PT) to discuss its third quarter fiscal 2022 financial results. To access the conference call, dial 888-506-0062 (US and Canada) or 973-528-0011 (International) and give the participant access code 962049. In addition, a live and archived webcast of the conference call will be accessible on the investor relations section of the Company's website at . A phone replay of the conference call will also be available beginning approximately two hours after conclusion of the call and will remain available for two weeks. To access the phone replay, dial 877-481-4010 (US and Canada) or 919-882-2331(International). The replay access code is 46442.
RF Industries将于今天下午4：30主持电话会议和网络直播。东部时间(下午1：30PT)讨论其2022财年第三季度的财务业绩。要接听电话会议，请拨打888-506-0062(美国和加拿大)或973-528-0011(国际)，并给与会者接入码962049。此外，该公司网站的投资者关系部分还将收看电话会议的现场直播和存档网络直播。电话会议的电话重播也将在电话会议结束后大约两个小时开始，并将持续两周。要收听电话重播，请拨打877-481-4010(美国和加拿大)或919-882-2331(国际)。重播接入代码是46442。
About RF Industries
关于RF Industries
RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets, including wireless/wireline telecom, data communications and industrial. The Company's products include RF connectors, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems and integrated small cell enclosures. The Company is headquartered in San Diego, California with additional operations in Long Island, New York, Vista, California, Milford, Connecticut, North Kingstown, Rhode Island and Parsippany, New Jersey. Please visit the RF Industries website at .
RF Industries在包括无线/有线电信、数据通信和工业通信在内的多元化、不断增长的市场中设计和制造一系列互连产品。该公司的产品包括射频连接器、同轴电缆、数据电缆、线束、光纤电缆、定制电缆、节能冷却系统和集成的小型电池外壳。该公司总部设在加利福尼亚州圣地亚哥，在长岛、纽约、加利福尼亚州维斯塔、康涅狄格州米尔福德、北金斯敦、罗德岛和新泽西州帕西帕尼设有办事处。请访问RF Industries网站：。
Forward-Looking Statements
前瞻性陈述
This press release contains forward-looking statements with respect to future events, including the Company's acquisition pipeline, as well as its ability to successfully integrate acquired businesses, improved operational efficiencies, add innovative products and solutions to its portfolio and allocate capital efficiently and effectively, which are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: successfully integrating new products and teams, the duration and continuing impact of the coronavirus pandemic on the U.S. economy and the Company's customers; changes in the telecommunications industry; the Company's reliance on certain distributors and customers for a significant portion of anticipated revenues; the impact of existing and additional future tariffs imposed by U.S. and foreign nations; the Company's ability to execute on its new go-to-market strategies and channel models; its ability to expand its OEM relationships; its ability to continue to deliver newly designed and custom fiber optic and cabling products to principal customers; its ability to maintain strong margins and diversify its customer base; and its ability to address the changing needs of the market. Further discussion of these and other potential risk factors may be found in the Company's public filings with the Securities and Exchange Commission (www.sec.gov) including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. All forward-looking statements are based upon information available to the Company on the date they are published, and the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or new information after the date of this release.
本新闻稿包含关于未来事件的前瞻性陈述，包括公司的收购渠道，以及公司成功整合被收购的业务、提高运营效率、为其投资组合增加创新产品和解决方案以及高效和有效地配置资本的能力。这些前瞻性陈述受许多因素的影响，这些因素可能会导致实际结果大不相同。可能导致或促成这种差异的因素包括但不限于：成功整合新产品和团队，冠状病毒大流行对美国经济和公司客户的持续时间和持续影响；电信行业的变化；公司预期收入的很大一部分依赖某些分销商和客户；美国和外国征收的现有和未来额外关税的影响；公司执行新的市场进入战略和渠道模式的能力；扩大其OEM关系的能力；继续向主要客户提供新设计和定制的光纤和布线产品的能力；保持强劲利润率和实现客户基础多元化的能力；以及满足市场不断变化的需求的能力。有关这些和其他潜在风险因素的进一步讨论，请参阅该公司提交给美国证券交易委员会(SEC)的公开文件(Www.sec.gov)，包括其Form 10-K年度报告和Form 10-Q季度报告。所有前瞻性陈述都是基于公司在发布之日获得的信息，公司没有义务公开更新或修改任何前瞻性陈述，以反映本新闻稿发布之日之后的事件或新信息。
Note Regarding Use of Non-GAAP Financial Measures
关于使用非公认会计准则财务计量的说明
To supplement our condensed financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), this earnings release and the accompanying tables and the related earnings conference call contain certain non-GAAP financial measures, including adjusted earnings before interest, taxes, depreciation, amortization (Adjusted EBITDA), non-GAAP net income and non-GAAP earnings per diluted share (non-GAAP EPS). We believe these financial measures provide useful information to investors with which to analyze our operating trends and performance.
为了补充我们根据美国公认会计原则(GAAP)公布的简明财务报表，本收益新闻稿和所附表格以及相关收益电话会议包含某些非GAAP财务指标，包括调整后的利息、税项、折旧、摊销前收益(调整后EBITDA)、非GAAP净收入和非GAAP稀释后每股收益(Non-GAAP EPS)。我们相信，这些财务指标为投资者提供了有用的信息，以分析我们的经营趋势和业绩。
In computing Adjusted EBITDA, non-GAAP net income, and non-GAAP EPS, we exclude stock-based compensation expense, which represents non-cash charges for the fair value of stock options and other non-cash awards granted to employees, acquisition related costs and expenses, and severance. For Adjusted EBITDA we also exclude depreciation, amortization, and provision for income taxes. Because of varying available valuation methodologies, subjective assumptions, and the variety of equity instruments that can impact a company's non-cash operating expenses, we believe that providing non-GAAP financial measures that exclude non-cash expense and non-recurring costs and expenses allows for meaningful comparisons between our core business operating results and those of other companies, as well as providing us with an important tool for financial and operational decision-making and for evaluating our own core business operating results over different periods of time.
在计算调整后EBITDA、非GAAP净收入和非GAAP每股收益时，我们不包括基于股票的薪酬支出，这代表授予员工的股票期权和其他非现金奖励的公允价值、收购相关成本和支出以及遣散费的非现金费用。对于调整后的EBITDA，我们也不包括折旧、摊销和所得税拨备。由于各种可用的估值方法、主观假设和各种可能影响公司非现金运营费用的权益工具，我们认为，提供不包括非现金支出和非经常性成本和支出的非GAAP财务衡量标准，可以使我们的核心业务运营业绩与其他公司的核心业务运营业绩进行有意义的比较，并为我们提供一个重要的工具，用于制定财务和运营决策，以及评估我们自己不同时期的核心业务运营业绩。
Our Adjusted EBITDA, non-GAAP net income, and non-GAAP EPS measures may not provide information that is directly comparable to that provided by other companies in our industry, as other companies in our industry may calculate non-GAAP financial results differently, particularly related to non-recurring, unusual items. Our Adjusted EBITDA, non-GAAP Net income, and non-GAAP EPS are not measurements of financial performance under GAAP, and should not be considered as an alternative to operating or net income or as an indication of operating performance or any other measure of performance derived in accordance with GAAP. We do not consider these non-GAAP measures to be a substitute for, or superior to, the information provided by GAAP financial results. A reconciliation of specific adjustments to GAAP results is provided in the last two tables at the end of this press release.
我们的调整后EBITDA、非GAAP净收入和非GAAP每股收益指标可能无法提供与本行业其他公司提供的信息直接可比的信息，因为本行业其他公司可能会以不同的方式计算非GAAP财务结果，特别是与非经常性、不寻常项目相关的财务结果。我们的调整后EBITDA、非GAAP净收入和非GAAP每股收益不是根据GAAP衡量财务业绩的指标，不应被视为营业收入或净收入的替代指标，也不应被视为经营业绩指标或根据GAAP得出的任何其他业绩指标。我们不认为这些非GAAP衡量标准替代或优于GAAP财务结果所提供的信息。本新闻稿末尾的最后两个表提供了对GAAP结果的具体调整的对账。
(tables attached)
(附表附列)
RF INDUSTRIES, LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share amounts)
RF实业有限公司及附属公司
简明合并业务报表
(单位为千，不包括每股和每股金额)
| Three Months Ended | Nine Months Ended | |||||||||||||||
| July 31, | July 31, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| (unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||
Net sales |
$ | 23,842 | $ | 15,257 | $ | 62,265 | $ | 36,316 | ||||||||
Cost of sales |
16,594 | 10,198 | 44,853 | 23,881 | ||||||||||||
Gross profit |
7,248 | 5,059 | 17,412 | 12,435 | ||||||||||||
Operating expenses: |
||||||||||||||||
Engineering |
791 | 411 | 2,101 | 1,044 | ||||||||||||
Selling and general |
5,369 | 3,452 | 13,838 | 8,099 | ||||||||||||
Total operating expenses |
6,160 | 3,863 | 15,939 | 9,143 | ||||||||||||
Operating income |
1,088 | 1,196 | 1,473 | 3,292 | ||||||||||||
Other (expense) income |
(177 | ) | 2 | (280 | ) | 2,803 | ||||||||||
Income before provision for income taxes |
911 | 1,198 | 1,193 | 6,095 | ||||||||||||
Provision for income taxes |
140 | 272 | 196 | 727 | ||||||||||||
Consolidated net income |
$ | 771 | $ | 926 | $ | 997 | $ | 5,368 | ||||||||
Earnings per share - Basic |
$ | 0.08 | $ | 0.09 | $ | 0.10 | $ | 0.54 | ||||||||
Earnings per share - Diluted |
$ | 0.08 | $ | 0.09 | $ | 0.10 | $ | 0.53 | ||||||||
Weighted average shares outstanding: |
||||||||||||||||
Basic |
10,127,244 | 9,979,578 | 10,100,767 | 9,955,193 | ||||||||||||
Diluted |
10,238,932 | 10,150,396 | 10,233,209 | 10,131,172 | ||||||||||||
| 截至三个月 | 九个月结束 | |||||||||||||||
| 7月31日， | 7月31日， | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| (未经审计) | (未经审计) | (未经审计) | (未经审计) | |||||||||||||
净销售额 |
$ | 23,842 | $ | 15,257 | $ | 62,265 | $ | 36,316 | ||||||||
销售成本 |
16,594 | 10,198 | 44,853 | 23,881 | ||||||||||||
毛利 |
7,248 | 5,059 | 17,412 | 12,435 | ||||||||||||
运营费用： |
||||||||||||||||
工程学 |
791 | 411 | 2,101 | 1,044 | ||||||||||||
销售和一般业务 |
5,369 | 3,452 | 13,838 | 8,099 | ||||||||||||
总运营费用 |
6,160 | 3,863 | 15,939 | 9,143 | ||||||||||||
营业收入 |
1,088 | 1,196 | 1,473 | 3,292 | ||||||||||||
其他(费用)收入 |
(177 | ) | 2 | (280 | ) | 2,803 | ||||||||||
未计提所得税准备的收入 |
911 | 1,198 | 1,193 | 6,095 | ||||||||||||
所得税拨备 |
140 | 272 | 196 | 727 | ||||||||||||
合并净收入 |
$ | 771 | $ | 926 | $ | 997 | $ | 5,368 | ||||||||
每股收益-基本 |
$ | 0.08 | $ | 0.09 | $ | 0.10 | $ | 0.54 | ||||||||
每股收益-稀释后 |
$ | 0.08 | $ | 0.09 | $ | 0.10 | $ | 0.53 | ||||||||
加权平均流通股： |
||||||||||||||||
基本信息 |
10,127,244 | 9,979,578 | 10,100,767 | 9,955,193 | ||||||||||||
稀释 |
10,238,932 | 10,150,396 | 10,233,209 | 10,131,172 | ||||||||||||
RF INDUSTRIES, LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
RF实业有限公司及附属公司
简明合并资产负债表
(单位为千，不包括每股和每股金额)
| Jul. 31, 2022 | Oct. 31, 2021 | |||||||
ASSETS |
(Unaudited) | (Audited) | ||||||
CURRENT ASSETS |
||||||||
Cash and cash equivalents |
$ | 5,086 | $ | 13,053 | ||||
Trade accounts receivable, net |
16,161 | 13,523 | ||||||
Inventories, net |
19,161 | 11,179 | ||||||
Other current assets |
6,647 | 2,893 | ||||||
TOTAL CURRENT ASSETS |
47,055 | 40,648 | ||||||
Property and equipment, net |
1,031 | 708 | ||||||
Operating lease right of use asset, net |
13,967 | 1,453 | ||||||
Goodwill |
7,682 | 2,467 | ||||||
Amortizable intangible assets, net |
15,728 | 2,739 | ||||||
Non-amortizable intangible assets |
1,174 | 1,174 | ||||||
Deferred tax assets |
263 | 389 | ||||||
Other assets |
295 | 70 | ||||||
TOTAL ASSETS |
$ | 87,195 | $ | 49,648 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY |
||||||||
CURRENT LIABILITIES |
||||||||
Accounts payable |
$ | 6,050 | $ | 3,504 | ||||
Accrued expenses |
6,913 | 5,034 | ||||||
Current portion of Term loan |
2,424 | - | ||||||
Current portion of operating lease liabilities |
1,576 | 832 | ||||||
TOTAL CURRENT LIABILITIES |
16,963 | 9,370 | ||||||
Operating lease liabilities |
15,263 | 675 | ||||||
Term Loan, net of debt issuance cost |
13,740 | - | ||||||
TOTAL LIABILITIES |
45,966 | 10,045 | ||||||
COMMITMENTS AND CONTINGENCIES |
||||||||
STOCKHOLDERS' EQUITY |
||||||||
|
Common stock, authorized 20,000,000 shares of $0.01 par value; 10,156,191 and 10,058,571 shares issued and outstanding at
July 31, 2022 and October 31, 2021, respectively
|
102 | 101 | ||||||
Additional paid-in capital |
24,929 | 24,301 | ||||||
Retained earnings |
16,198 | 15,201 | ||||||
TOTAL STOCKHOLDERS' EQUITY |
41,229 | 39,603 | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ | 87,195 | $ | 49,648 | ||||
| 2022年7月31日 | 2021年10月31日 | |||||||
资产 |
(未经审计) | (经审计) | ||||||
流动资产 |
||||||||
现金和现金等价物 |
$ | 5,086 | $ | 13,053 | ||||
应收贸易账款净额 |
16,161 | 13,523 | ||||||
库存，净额 |
19,161 | 11,179 | ||||||
其他流动资产 |
6,647 | 2,893 | ||||||
流动资产总额 |
47,055 | 40,648 | ||||||
财产和设备，净额 |
1,031 | 708 | ||||||
经营性租赁使用权资产、净额 |
13,967 | 1,453 | ||||||
商誉 |
7,682 | 2,467 | ||||||
可摊销无形资产净额 |
15,728 | 2,739 | ||||||
不可摊销无形资产 |
1,174 | 1,174 | ||||||
递延税项资产 |
263 | 389 | ||||||
其他资产 |
295 | 70 | ||||||
总资产 |
$ | 87,195 | $ | 49,648 | ||||
负债和股东权益 |
||||||||
流动负债 |
||||||||
应付帐款 |
$ | 6,050 | $ | 3,504 | ||||
应计费用 |
6,913 | 5,034 | ||||||
定期贷款的当期部分 |
2,424 | - | ||||||
经营租赁负债的当期部分 |
1,576 | 832 | ||||||
流动负债总额 |
16,963 | 9,370 | ||||||
经营租赁负债 |
15,263 | 675 | ||||||
定期贷款，扣除债务发行成本后的净额 |
13,740 | - | ||||||
总负债 |
45,966 | 10,045 | ||||||
承付款和或有事项 |
||||||||
股东权益 |
||||||||
|
普通股，授权发行20,000,000股，面值0.01美元；10,156,191股和10,058,571股，已发行和流通股为
2022年7月31日和2021年10月31日
|
102 | 101 | ||||||
额外实收资本 |
24,929 | 24,301 | ||||||
留存收益 |
16,198 | 15,201 | ||||||
股东权益总额 |
41,229 | 39,603 | ||||||
总负债和股东权益 |
$ | 87,195 | $ | 49,648 | ||||
RF INDUSTRIES, LTD. AND SUBSIDIARIES
Unaudited Reconciliation of GAAP to Non-GAAP Net Income
(In thousands, except share and per share amounts)
RF实业有限公司及附属公司
未经审计的GAAP到非GAAP净收入的对账
(单位为千，不包括每股和每股金额)
| Three Months Ended | Nine Months Ended | |||||||||||||||
| July 31, | July 31, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
Consolidated net income |
$ | 771 | $ | 926 | $ | 997 | $ | 5,368 | ||||||||
Stock-based compensation expense |
191 | 374 | 498 | 634 | ||||||||||||
Acquisition-related and other one-time charges |
205 | - | 1,576 | - | ||||||||||||
Severance |
45 | - | 45 | - | ||||||||||||
Non-GAAP net income |
$ | 1,212 | $ | 1,300 | $ | 3,116 | $ | 6,002 | ||||||||
Non-GAAP earnings per share: |
||||||||||||||||
Basic |
$ | 0.12 | $ | 0.13 | $ | 0.31 | $ | 0.60 | ||||||||
Diluted |
$ | 0.12 | $ | 0.13 | $ | 0.30 | $ | 0.59 | ||||||||
Weighted average shares outstanding |
||||||||||||||||
Basic |
10,127,244 | 9,979,578 | 10,100,767 | 9,955,193 | ||||||||||||
Diluted |
10,238,932 | 10,150,396 | 10,233,209 | 10,131,172 | ||||||||||||
| 截至三个月 | 九个月结束 | |||||||||||||||
| 7月31日， | 7月31日， | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
合并净收入 |
$ | 771 | $ | 926 | $ | 997 | $ | 5,368 | ||||||||
基于股票的薪酬费用 |
191 | 374 | 498 | 634 | ||||||||||||
与收购有关的费用和其他一次性费用 |
205 | - | 1,576 | - | ||||||||||||
遣散费 |
45 | - | 45 | - | ||||||||||||
非公认会计准则净收益 |
$ | 1,212 | $ | 1,300 | $ | 3,116 | $ | 6,002 | ||||||||
非GAAP每股收益： |
||||||||||||||||
基本信息 |
$ | 0.12 | $ | 0.13 | $ | 0.31 | $ | 0.60 | ||||||||
稀释 |
$ | 0.12 | $ | 0.13 | $ | 0.30 | $ | 0.59 | ||||||||
加权平均流通股 |
||||||||||||||||
基本信息 |
10,127,244 | 9,979,578 | 10,100,767 | 9,955,193 | ||||||||||||
稀释 |
10,238,932 | 10,150,396 | 10,233,209 | 10,131,172 | ||||||||||||
RF INDUSTRIES, LTD. AND SUBSIDIARIES
Unaudited Reconciliation of Net Income to Adjusted EBITDA
(In thousands)
RF实业有限公司及附属公司
未经审计的净收入与调整后EBITDA的对账
(单位：千)
| Three Months Ended | Nine Months Ended | |||||||||||||||
| July 31, | July 31, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
Consolidated net income |
$ | 771 | $ | 926 | $ | 997 | $ | 5,368 | ||||||||
Stock-based compensation expense |
191 | 374 | 498 | 634 | ||||||||||||
Acquisition-related and other one-time charges |
205 | - | 1,576 | - | ||||||||||||
Severance |
45 | - | 45 | - | ||||||||||||
Amortization expense |
427 | 95 | 850 | 347 | ||||||||||||
Depreciation expense |
110 | 83 | 305 | 245 | ||||||||||||
Other expense (income) * |
177 | (1 | ) | 280 | (2,803 | ) | ||||||||||
Employee retention credit |
- | (803 | ) | - | (3,486 | ) | ||||||||||
Employee retention credit consultant fees |
- | 100 | - | 150 | ||||||||||||
Provision from income taxes |
140 | 272 | 196 | 727 | ||||||||||||
Adjusted EBITDA |
$ | 2,066 | $ | 1,046 | $ | 4,747 | $ | 1,182 | ||||||||
| 截至三个月 | 九个月结束 | |||||||||||||||
| 7月31日， | 7月31日， | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
合并净收入 |
$ | 771 | $ | 926 | $ | 997 | $ | 5,368 | ||||||||
基于股票的薪酬费用 |
191 | 374 | 498 | 634 | ||||||||||||
与收购有关的费用和其他一次性费用 |
205 | - | 1,576 | - | ||||||||||||
遣散费 |
45 | - | 45 | - | ||||||||||||
摊销费用 |
427 | 95 | 850 | 347 | ||||||||||||
折旧费用 |
110 | 83 | 305 | 245 | ||||||||||||
其他支出(收入)* |
177 | (1 | ) | 280 | (2,803 | ) | ||||||||||
员工留任积分 |
- | (803 | ) | - | (3,486 | ) | ||||||||||
员工留用信用咨询费 |
- | 100 | - | 150 | ||||||||||||
所得税拨备 |
140 | 272 | 196 | 727 | ||||||||||||
调整后的EBITDA |
$ | 2,066 | $ | 1,046 | $ | 4,747 | $ | 1,182 | ||||||||
* In the nine months ended July 31, 2021, other income consists of the $2.8M PPP loans that were forgiven.
*在截至2021年7月31日的9个月中，其他收入包括被免除的280万美元PPP贷款。
CONTACT:
联系方式：
RF Industries, Ltd.
Peter Yin
SVP/ CFO
(858) 549-6340
rfi@rfindustries.com
RF实业有限公司
尹永德
高级副总裁/首席财务官
(858) 549-6340
邮箱：rfi@rfindustries.com
MKR Investor Relations
Todd Kehrli
Analyst/ Investor Contact
(213) 277-5550
rfil@mkr-group.com
MKR投资者关系
托德·凯利
分析师/投资者联系人
(213) 277-5550
邮箱：rfl@mkr-group.com
SOURCE: RF Industries, Ltd.
资料来源：RF实业有限公司