RF Industries, Ltd. reported a notable improvement in its financial performance for the second quarter of fiscal 2026, ending April 30, 2026. The company achieved net sales of $20.7 million, a 9.4% increase from $18.9 million in the same quarter of the previous year. This growth was primarily driven by a significant rise in sales of custom cabling products, which surged by 29.8% to $8.4 million, and a 15.9% increase in interconnect product sales to $6.9 million. However, sales from integrated systems decreased by 17.2% to $5.3 million, attributed to timing issues with orders from wireless carrier customers.
In terms of profitability, RF Industries reported a consolidated net income of $879,000 for the quarter, compared to a net loss of $245,000 in the same period last year. The gross profit also increased to $7.3 million, reflecting a gross margin of 35.1%, up from 31.5% in the prior year. The company attributed these improvements to a favorable product mix and enhanced operational efficiencies, alongside effective cost management strategies that included facility consolidations.
Operationally, RF Industries has made significant strides, consolidating its previous two reportable segments into a single segment to streamline operations. The company reported a backlog of $20 million as of April 30, 2026, up from $15.5 million at the end of the previous fiscal year, indicating strong demand for its products. The company’s workforce has also seen changes, with ongoing efforts to optimize headcount in line with its restructuring initiatives.
Looking ahead, RF Industries remains focused on organic growth and continuous improvement in its operations. The company plans to pursue additional cost reduction measures and aims to enhance its revenue streams through strategic initiatives. As of April 30, 2026, the company had $3.4 million in cash and cash equivalents, down from $5.1 million at the end of the previous fiscal year, but maintains a healthy working capital of $16.5 million and a current ratio of approximately 1.9:1. The management believes that its current cash position, combined with available credit facilities, will be sufficient to meet its liquidity needs for at least the next 12 months.
About R F INDUSTRIES LTD
RF Industries, Ltd. designs and manufactures interconnect products, including RF connectors, cable assemblies, fiber optics, and custom cabling for telecommunications, data communications, and industrial markets. The company serves wireless carriers, OEMs, and various industries with standard and custom solutions, leveraging manufacturing, distribution, and strategic acquisitions to provide high-quality, cost-competitive products with rapid delivery. Its core value lies in innovative, reliable connectivity solutions and integrated systems.
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