RF Industries Reports Q3 Net Income of $917,000Friday, September 13, 2013
RF Industries Ltd., a San Diego maker of radio frequency connectors and cable assemblies, reported fiscal 2013 third quarter net income of $917,000, compared with net income of $735,000 for the like period of 2012.
The company had record sales of $9.6 million for the quarter, up 31 percent from the same quarter of last year.
For the nine months ended June 30, RFI reported net income of $3.6 million, compared with net income of $1.45 million for the like period of last year.
Nine-month revenue came in at $29.1 million, up 52 percent from the same period of last year.
The company reported it hit record revenue for the fourth consecutive quarter and had continued strong demand of its offerings across all end markets.
In the most recently completed quarter, RFI sold its Neulink division that resulted in a loss, net of taxes, of $238,000.
— SDBJ Staff Report