RF Industries First Quarter 2024 Earnings: Revenues Disappoint
RF Industries (NASDAQ:RFIL) First Quarter 2024 Results
Key Financial Results
Revenue: US$13.5m (down 27% from 1Q 2023).
Net loss: US$1.36m (loss widened by 17% from 1Q 2023).
US$0.13 loss per share (further deteriorated from US$0.11 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RF Industries Earnings Insights
Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are down 3.5% from a week ago.
Risk Analysis
Be aware that RF Industries is showing 1 warning sign in our investment analysis that you should know about...
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