Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.2M | $174K | $50.2M | $55.3M | $43.0M | $57.4M | $72.2M | $72.2M | $64.9M | $80.6M |
| Revenue growth | — | -99.4% | 28748.3% | 10.2% | -22.2% | 33.4% | 25.7% | 0.0% | -10.1% | 24.3% |
| Gross profit | $8.46M | $6.99M | $17.1M | $15.6M | $11.6M | $17.8M | $19.5M | $19.5M | $18.9M | $26.7M |
| Gross margin | 28.0% | 4015.5% | 34.1% | 28.3% | 26.9% | 30.9% | 27.1% | 27.1% | 29.1% | 33.2% |
| Operating income | -$4.69M | $203K | $7.45M | $4.46M | -$403K | $4.42M | -$3.80M | -$3.80M | -$2.82M | $1.78M |
| Operating margin | -15.5% | 116.7% | 14.8% | 8.1% | -0.9% | 7.7% | -5.3% | -5.3% | -4.4% | 2.2% |
| Net income | -$4.09M | $382K | $5.85M | $3.52M | -$81.0K | $6.18M | -$3.08M | -$3.08M | -$6.60M | $75.0K |
| Net margin | -13.5% | 219.5% | 11.6% | 6.4% | -0.2% | 10.8% | -4.3% | -4.3% | -10.2% | 0.1% |
| EPS (diluted) | -$0.47 | $0.04 | $0.61 | $0.36 | -$0.01 | $0.61 | -$0.30 | -$0.30 | -$0.63 | $0.01 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.27M | $1.60M | $5.27M | -$2.71M | $4.55M | -$3.12M | $2.89M | $4.18M | $3.17M | $4.58M |
| Capital expenditures | $384K | $171K | $266K | $538K | $235K | $227K | $2.67M | $2.48M | $738K | $235K |
| Free cash flow | -$1.65M | $1.43M | $5.00M | -$3.25M | $4.31M | -$3.35M | $217K | $1.70M | $2.43M | $4.34M |
| Share buybacks | $158K | $0.00 | — | — | — | — | — | — | — | — |
| Dividends paid | $1.14M | $707K | $730K | $748K | $388K | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.26M | $5.21M | $16.3M | $12.5M | $15.8M | $13.1M | $4.53M | $4.90M | $839K | $5.08M |
| Total assets | $25.8M | $25.1M | $32.5M | $37.7M | $40.8M | $49.6M | $89.6M | $82.3M | $71.0M | $73.0M |
| Total liabilities | $4.45M | $3.72M | $4.72M | $6.17M | $8.76M | $10.0M | $47.7M | $42.5M | $37.0M | $37.8M |
| Long-term debt | — | — | — | — | $1.09M | $0.00 | $13.1M | $10.7M | $0.00 | — |
| Shareholders' equity | $21.4M | $21.3M | $27.8M | $31.5M | $32.1M | $39.6M | $41.9M | $39.8M | $34.1M | $35.2M |
| Retained earnings | $1.93M | $1.60M | $6.72M | $9.49M | $9.02M | $15.2M | $16.6M | $13.6M | $6.97M | $7.05M |
| Shares (wtd avg diluted) | 8.79M | 8.92M | 9.59M | 9.85M | 9.68M | 10.2M | 10.3M | 10.3M | 10.5M | 10.8M |
Every figure is extracted from R F INDUSTRIES LTD’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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