RF Industries, Ltd. reported a significant improvement in its financial performance for the second quarter of fiscal 2025, ending April 30, 2025. The company achieved net sales of $18.9 million, a 17.4% increase from $16.1 million in the same quarter of the previous year. This growth was primarily driven by a 54.8% increase in sales from the Custom Cabling segment, which reached $9.6 million, while the RF Connector segment saw a slight decline of 5.1%, totaling $9.4 million. Gross profit for the quarter rose to $6.0 million, with gross margins improving to 31.5%, up from 29.9% in the prior year.
For the six months ended April 30, 2025, RF Industries reported total revenues of $38.1 million, marking a 28.7% increase compared to $29.6 million for the same period in fiscal 2024. The Custom Cabling segment accounted for 53% of total sales, reflecting a strong demand for fiber optics and custom cabling solutions. The RF Connector segment, however, experienced a decrease in sales, attributed to the timing of small cell applications. The company reported a consolidated net loss of $0.5 million for the six-month period, a notable improvement from a loss of $5.7 million in the prior year.
Operationally, RF Industries has focused on cost-cutting measures, including facility consolidations, which have contributed to positive operating cash flow and increased liquidity. The company generated $2.8 million in cash from operating activities during the six months ended April 30, 2025, aided by improved inventory management and a decrease in accounts receivable. As of April 30, 2025, RF Industries had cash and cash equivalents of $3.6 million, up from $0.8 million at the end of the previous fiscal year.
Strategically, RF Industries has been active in enhancing its product offerings and market reach. The company has entered into a loan and security agreement with Eclipse Business Capital, which has provided additional liquidity to support its operations. The company also reported a backlog of $15.0 million as of April 30, 2025, down from $19.5 million, indicating a need for continued focus on order fulfillment and customer demand management.
Looking ahead, RF Industries aims to continue its growth trajectory through both organic expansion and potential acquisitions. The company plans to maintain its focus on cost reduction and operational efficiencies while exploring new market opportunities. Management remains optimistic about the future, citing the ongoing demand for its products and the strategic initiatives in place to enhance profitability and market share.
About R F INDUSTRIES LTD
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