RF Industries Ltd
F:RF5
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RF Industries Ltd
F:RF5
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Capita PLC
OTC:CTAGY
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RF Industries Ltd
RF Industries Ltd makes the cables, connectors, and related parts that move power and signals inside communication systems. Its products include custom cable assemblies, coaxial and fiber optic components, adapters, and antennas. The company sells these parts to customers who need reliable connections in telecom networks, wireless infrastructure, data centers, defense systems, industrial equipment, and other electronics-heavy applications. The business makes money mainly by designing and manufacturing these interconnect products and selling them to original equipment manufacturers, network builders, distributors, and other commercial customers. In some cases, it also supplies custom-built assemblies for specific jobs, which can make it a more technical and service-oriented supplier than a simple parts reseller. Customers rely on RF Industries when they need connectors and cable systems that fit exact specifications and work consistently in demanding environments. What makes RF Industries different is its role as a specialist in the connection layer of electronic systems. It is not a broad telecom operator or a large chip maker; instead, it sits closer to the physical hardware that links equipment together. That gives it a practical, behind-the-scenes role in industries where the quality of a connection can matter as much as the equipment itself.
RF Industries Ltd makes the cables, connectors, and related parts that move power and signals inside communication systems. Its products include custom cable assemblies, coaxial and fiber optic components, adapters, and antennas. The company sells these parts to customers who need reliable connections in telecom networks, wireless infrastructure, data centers, defense systems, industrial equipment, and other electronics-heavy applications.
The business makes money mainly by designing and manufacturing these interconnect products and selling them to original equipment manufacturers, network builders, distributors, and other commercial customers. In some cases, it also supplies custom-built assemblies for specific jobs, which can make it a more technical and service-oriented supplier than a simple parts reseller. Customers rely on RF Industries when they need connectors and cable systems that fit exact specifications and work consistently in demanding environments.
What makes RF Industries different is its role as a specialist in the connection layer of electronic systems. It is not a broad telecom operator or a large chip maker; instead, it sits closer to the physical hardware that links equipment together. That gives it a practical, behind-the-scenes role in industries where the quality of a connection can matter as much as the equipment itself.
Revenue: Q1 net sales were $19.0 million, roughly flat year-over-year and down 16% sequentially from $22.7 million (seasonal Q1 softness).
Margins: Gross margin expanded to 32.3%, up 250 basis points versus 29.8% a year ago, driving operating income of $177,000 and higher profitability.
Profitability: Adjusted EBITDA rose 22% to $1.1 million (5.6% of sales); non-GAAP net income was $659,000 ($0.06/share) while GAAP net loss was $50,000 ($0.00/share).
Backlog: Backlog jumped to $18.6 million (from $12.4 million at mid-January and $14.4 million at quarter end), providing visibility into later quarters.
Products & markets: Management highlighted traction in DAC thermal cooling, small cell and custom cabling across telecom, edge data centers, aerospace, industrial and government markets.
Operations & liquidity: Net debt reduced materially YoY, cash $5.1 million, working capital $14.6 million and borrowed $7.1 million on revolver; inventory steady at $13.8 million.
Outlook: Management expects revenue growth to accelerate in the back half of fiscal 2026 driven by backlog conversion and diversified demand; goal remains adjusted EBITDA of 10%+.