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.
加利福尼亞州聖迭戈/ACCESSWIRE/2022年9月14日/ RF實業有限公司(納斯達克:RFIL),一家全國性的互聯產品和系統製造商和營銷商,今天公佈了截至2022年7月31日的2022財年第三季度未經審計的財務業績。
Third Quarter Fiscal 2022 Highlights and Operating Results:
2022財年第三季度亮點和經營業績:
- 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.
- 淨銷售額環比增長11%,同比增長56%,達到2380萬美元。
- MicroLab的銷售額超出預期,本季度銷售額為650萬美元。
- 截至2022年7月31日,積壓的訂單為3,060萬美元,第三季度的預訂量為2,680萬美元。截至今天,積壓的訂單為3100萬美元。
- 毛利率為30%,而上一財年第二季度為28%,2021財年第三季度為28%(不包括員工留任税收抵免(ERC)的影響)。
- 合併淨收入為771,000美元,或每股攤薄收益0.08美元,而2021財年第三季度的合併淨收益為926,000美元,或每股攤薄收益0.09美元(其中包括ERC的影響)。
- 2021會計年度第三季度的非GAAP淨收益為120萬美元,或每股攤薄收益0.12美元,而2021會計年度第三季度的非GAAP淨收益為130萬美元,或每股攤薄收益0.13美元(其中包括ERC的影響)。
- 調整後的EBITDA為210萬美元,而2021財年第三季度調整後的EBITDA為100萬美元。
- 截至第三季度末,現金和現金等價物為510萬美元,公司的全部300萬美元左輪手槍仍可用。
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.
有關更多信息,請參閲下面的“關於使用非GAAP財務措施的説明”、“GAAP與非GAAP淨收入的未經審計對賬”和“未經審計的淨收入與調整後EBITDA的對賬”。
Fiscal 2022 Financial Guidance
2022財年財務指導
For the fiscal 2022 year ending October 31, 2022, RF Industries expects:
在截至2022年10月31日的2022財年,RF Industries預計:
- 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.
- 全年淨銷售額在8300萬美元到8500萬美元之間,這將意味着至少45%的同比增長。
- 由於我們繼續推動利潤率提高的機會和更好的產品組合,全年的毛利率有所提高。
Robert Dawson, President and CEO of RF Industries, commented:
射頻工業首席執行官兼總裁羅伯特·道森評論道:
"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.
我們很高興報告我們公司歷史上最高的季度收入。第三季度是收入增長和毛利率持續改善的又一個強勁季度,這既反映了我們整體業務的有機增長,也反映了我們成功收購MicroLab帶來的更高利潤率收入貢獻,該季度表現非常好。我們的混合光纖業務也保持強勁,我們上週高興地宣佈,我們最新的北美第一級無線運營商客户又訂購了一份支持他們的基礎設施建設的訂單。
"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."
有了穩定的預訂量和積壓,我們為本財年的完美結束做好了準備,因為我們在戰略上追求更高利潤率產品領域的更多項目。此外,我們仍然致力於進一步的併購活動,因為我們繼續保持戰略地位,專注於我們的資本配置,作為推動收入、規模和盈利能力增加的另一條途徑。
Conference Call and Webcast
電話會議和網絡廣播
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將於今天下午4:30主持電話會議和網絡直播。東部時間(下午1:30PT)討論其2022財年第三季度的財務業績。要接聽電話會議,請撥打888-506-0062(美國和加拿大)或973-528-0011(國際),並給與會者接入碼962049。此外,該公司網站的投資者關係部分還將收看電話會議的現場直播和存檔網絡直播。電話會議的電話重播也將在電話會議結束後大約兩個小時開始,並將持續兩週。要收聽電話重播,請撥打877-481-4010(美國和加拿大)或919-882-2331(國際)。重播接入代碼是46442。
About RF Industries
關於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在包括無線/有線電信、數據通信和工業通信在內的多元化、不斷增長的市場中設計和製造一系列互連產品。該公司的產品包括射頻連接器、同軸電纜、數據電纜、線束、光纖電纜、定製電纜、節能冷卻系統和集成的小型電池外殼。該公司總部設在加利福尼亞州聖地亞哥,在長島、紐約、加利福尼亞州維斯塔、康涅狄格州米爾福德、北金斯敦、羅德島和新澤西州帕西帕尼設有辦事處。請訪問RF Industries網站:。
Forward-Looking Statements
前瞻性陳述
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.
本新聞稿包含關於未來事件的前瞻性陳述,包括公司的收購渠道,以及公司成功整合被收購的業務、提高運營效率、為其投資組合增加創新產品和解決方案以及高效和有效地配置資本的能力。這些前瞻性陳述受許多因素的影響,這些因素可能會導致實際結果大不相同。可能導致或促成這種差異的因素包括但不限於:成功整合新產品和團隊,冠狀病毒大流行對美國經濟和公司客户的持續時間和持續影響;電信行業的變化;公司預期收入的很大一部分依賴某些分銷商和客户;美國和外國徵收的現有和未來額外關税的影響;公司執行新的市場進入戰略和渠道模式的能力;擴大其OEM關係的能力;繼續向主要客户提供新設計和定製的光纖和佈線產品的能力;保持強勁利潤率和實現客户基礎多元化的能力;以及滿足市場不斷變化的需求的能力。有關這些和其他潛在風險因素的進一步討論,請參閲該公司提交給美國證券交易委員會(SEC)的公開文件(Www.sec.gov),包括其Form 10-K年度報告和Form 10-Q季度報告。所有前瞻性陳述都是基於公司在發佈之日獲得的信息,公司沒有義務公開更新或修改任何前瞻性陳述,以反映本新聞稿發佈之日之後的事件或新信息。
Note Regarding Use of Non-GAAP Financial Measures
關於使用非公認會計準則財務計量的説明
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.
為了補充我們根據美國公認會計原則(GAAP)公佈的簡明財務報表,本收益新聞稿和所附表格以及相關收益電話會議包含某些非GAAP財務指標,包括調整後的利息、税項、折舊、攤銷前收益(調整後EBITDA)、非GAAP淨收入和非GAAP稀釋後每股收益(Non-GAAP EPS)。我們相信,這些財務指標為投資者提供了有用的信息,以分析我們的經營趨勢和業績。
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.
在計算調整後EBITDA、非GAAP淨收入和非GAAP每股收益時,我們不包括基於股票的薪酬支出,這代表授予員工的股票期權和其他非現金獎勵的公允價值、收購相關成本和支出以及遣散費的非現金費用。對於調整後的EBITDA,我們也不包括折舊、攤銷和所得税撥備。由於各種可用的估值方法、主觀假設和各種可能影響公司非現金運營費用的權益工具,我們認為,提供不包括非現金支出和非經常性成本和支出的非GAAP財務衡量標準,可以使我們的核心業務運營業績與其他公司的核心業務運營業績進行有意義的比較,併為我們提供一個重要的工具,用於制定財務和運營決策,以及評估我們自己不同時期的核心業務運營業績。
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.
我們的調整後EBITDA、非GAAP淨收入和非GAAP每股收益指標可能無法提供與本行業其他公司提供的信息直接可比的信息,因為本行業其他公司可能會以不同的方式計算非GAAP財務結果,特別是與非經常性、不尋常項目相關的財務結果。我們的調整後EBITDA、非GAAP淨收入和非GAAP每股收益不是根據GAAP衡量財務業績的指標,不應被視為營業收入或淨收入的替代指標,也不應被視為經營業績指標或根據GAAP得出的任何其他業績指標。我們不認為這些非GAAP衡量標準替代或優於GAAP財務結果所提供的信息。本新聞稿末尾的最後兩個表提供了對GAAP結果的具體調整的對賬。
(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實業有限公司及附屬公司
簡明合併業務報表
(單位為千,不包括每股和每股金額)
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 |
截至三個月 | 九個月結束 | |||||||||||||||
7月31日, | 7月31日, | |||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||
(未經審計) | (未經審計) | (未經審計) | (未經審計) | |||||||||||||
淨銷售額 |
$ | 23,842 | $ | 15,257 | $ | 62,265 | $ | 36,316 | ||||||||
銷售成本 |
16,594 | 10,198 | 44,853 | 23,881 | ||||||||||||
毛利 |
7,248 | 5,059 | 17,412 | 12,435 | ||||||||||||
運營費用: |
||||||||||||||||
工程學 |
791 | 411 | 2,101 | 1,044 | ||||||||||||
銷售和一般業務 |
5,369 | 3,452 | 13,838 | 8,099 | ||||||||||||
總運營費用 |
6,160 | 3,863 | 15,939 | 9,143 | ||||||||||||
營業收入 |
1,088 | 1,196 | 1,473 | 3,292 | ||||||||||||
其他(費用)收入 |
(177 | ) | 2 | (280 | ) | 2,803 | ||||||||||
未計提所得税準備的收入 |
911 | 1,198 | 1,193 | 6,095 | ||||||||||||
所得税撥備 |
140 | 272 | 196 | 727 | ||||||||||||
合併淨收入 |
$ | 771 | $ | 926 | $ | 997 | $ | 5,368 | ||||||||
每股收益-基本 |
$ | 0.08 | $ | 0.09 | $ | 0.10 | $ | 0.54 | ||||||||
每股收益-稀釋後 |
$ | 0.08 | $ | 0.09 | $ | 0.10 | $ | 0.53 | ||||||||
加權平均流通股: |
||||||||||||||||
基本信息 |
10,127,244 | 9,979,578 | 10,100,767 | 9,955,193 | ||||||||||||
稀釋 |
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實業有限公司及附屬公司
簡明合併資產負債表
(單位為千,不包括每股和每股金額)
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 | |||||||
資產 |
(未經審計) | (經審計) | ||||||
流動資產 |
||||||||
現金和現金等價物 |
$ | 5,086 | $ | 13,053 | ||||
應收貿易賬款淨額 |
16,161 | 13,523 | ||||||
庫存,淨額 |
19,161 | 11,179 | ||||||
其他流動資產 |
6,647 | 2,893 | ||||||
流動資產總額 |
47,055 | 40,648 | ||||||
財產和設備,淨額 |
1,031 | 708 | ||||||
經營性租賃使用權資產、淨額 |
13,967 | 1,453 | ||||||
商譽 |
7,682 | 2,467 | ||||||
可攤銷無形資產淨額 |
15,728 | 2,739 | ||||||
不可攤銷無形資產 |
1,174 | 1,174 | ||||||
遞延税項資產 |
263 | 389 | ||||||
其他資產 |
295 | 70 | ||||||
總資產 |
$ | 87,195 | $ | 49,648 | ||||
負債和股東權益 |
||||||||
流動負債 |
||||||||
應付帳款 |
$ | 6,050 | $ | 3,504 | ||||
應計費用 |
6,913 | 5,034 | ||||||
定期貸款的當期部分 |
2,424 | - | ||||||
經營租賃負債的當期部分 |
1,576 | 832 | ||||||
流動負債總額 |
16,963 | 9,370 | ||||||
經營租賃負債 |
15,263 | 675 | ||||||
定期貸款,扣除債務發行成本後的淨額 |
13,740 | - | ||||||
總負債 |
45,966 | 10,045 | ||||||
承付款和或有事項 |
||||||||
股東權益 |
||||||||
普通股,授權發行20,000,000股,面值0.01美元;10,156,191股和10,058,571股,已發行和流通股為
2022年7月31日和2021年10月31日
|
102 | 101 | ||||||
額外實收資本 |
24,929 | 24,301 | ||||||
留存收益 |
16,198 | 15,201 | ||||||
股東權益總額 |
41,229 | 39,603 | ||||||
總負債和股東權益 |
$ | 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實業有限公司及附屬公司
未經審計的GAAP到非GAAP淨收入的對賬
(單位為千,不包括每股和每股金額)
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 |
截至三個月 | 九個月結束 | |||||||||||||||
7月31日, | 7月31日, | |||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||
合併淨收入 |
$ | 771 | $ | 926 | $ | 997 | $ | 5,368 | ||||||||
基於股票的薪酬費用 |
191 | 374 | 498 | 634 | ||||||||||||
與收購有關的費用和其他一次性費用 |
205 | - | 1,576 | - | ||||||||||||
遣散費 |
45 | - | 45 | - | ||||||||||||
非公認會計準則淨收益 |
$ | 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 | ||||||||
稀釋 |
$ | 0.12 | $ | 0.13 | $ | 0.30 | $ | 0.59 | ||||||||
加權平均流通股 |
||||||||||||||||
基本信息 |
10,127,244 | 9,979,578 | 10,100,767 | 9,955,193 | ||||||||||||
稀釋 |
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實業有限公司及附屬公司
未經審計的淨收入與調整後EBITDA的對賬
(單位: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 |
截至三個月 | 九個月結束 | |||||||||||||||
7月31日, | 7月31日, | |||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||
合併淨收入 |
$ | 771 | $ | 926 | $ | 997 | $ | 5,368 | ||||||||
基於股票的薪酬費用 |
191 | 374 | 498 | 634 | ||||||||||||
與收購有關的費用和其他一次性費用 |
205 | - | 1,576 | - | ||||||||||||
遣散費 |
45 | - | 45 | - | ||||||||||||
攤銷費用 |
427 | 95 | 850 | 347 | ||||||||||||
折舊費用 |
110 | 83 | 305 | 245 | ||||||||||||
其他支出(收入)* |
177 | (1 | ) | 280 | (2,803 | ) | ||||||||||
員工留任積分 |
- | (803 | ) | - | (3,486 | ) | ||||||||||
員工留用信用諮詢費 |
- | 100 | - | 150 | ||||||||||||
所得税撥備 |
140 | 272 | 196 | 727 | ||||||||||||
調整後的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個月中,其他收入包括被免除的280萬美元PPP貸款。
CONTACT:
聯繫方式:
RF Industries, Ltd.
Peter Yin
SVP/ CFO
(858) 549-6340
rfi@rfindustries.com
RF實業有限公司
尹永德
高級副總裁/首席財務官
(858) 549-6340
郵箱:rfi@rfindustries.com
MKR Investor Relations
Todd Kehrli
Analyst/ Investor Contact
(213) 277-5550
rfil@mkr-group.com
MKR投資者關係
託德·凱利
分析師/投資者聯繫人
(213) 277-5550
郵箱:rfl@mkr-group.com
SOURCE: RF Industries, Ltd.
資料來源:RF實業有限公司