Financial News
Insert Title Earnings
January 22, 2024 at 19:00 PM EST
RF INDUSTRIES, LTD. AND SUBSIDIARIES
Unaudited Reconciliation of GAAP to Non-GAAP Net Income
(In thousands, except share and per share amounts)
| Three Months Ended | Fiscal Year Ended | |||||||||||||||
| October 31, | October 31, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
Consolidated net (loss) income |
$ | (851 | ) | $ | 451 | $ | (3,078 | ) | $ | 1,448 | ||||||
Stock-based compensation expense |
211 | 191 | 898 | 689 | ||||||||||||
Acquisition-related and other one-time charges |
150 | 440 | 851 | 2,017 | ||||||||||||
Severance |
- | - | 75 | 45 | ||||||||||||
Amortization expense |
422 | 432 | 1,701 | 1,282 | ||||||||||||
Non-GAAP net (loss) income |
$ | (68 | ) | $ | 1,514 | $ | 447 | $ | 5,481 | |||||||
Non-GAAP earnings per share: |
||||||||||||||||
Basic |
$ | (0.01 | ) | $ | 0.15 | $ | 0.04 | $ | 0.54 | |||||||
Diluted |
$ | (0.01 | ) | $ | 0.15 | $ | 0.04 | $ | 0.54 | |||||||
Weighted average shares outstanding |
||||||||||||||||
Basic |
10,330,325 | 10,178,081 | 10,283,449 | 10,120,254 | ||||||||||||
Diluted |
10,330,325 | 10,272,287 | 10,283,449 | 10,242,417 | ||||||||||||
RF INDUSTRIES, LTD. AND SUBSIDIARIES
Unaudited Reconciliation of Net Income to Adjusted EBITDA
(In thousands)
| Three Months Ended | Fiscal Year Ended | |||||||||||||||
| October 31, | October 31, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
Consolidated net (loss) income |
$ | (851 | ) | $ | 451 | $ | (3,078 | ) | $ | 1,448 | ||||||
Stock-based compensation expense |
211 | 191 | 898 | 689 | ||||||||||||
Acquisition-related and other one-time charges |
150 | 440 | 851 | 2,017 | ||||||||||||
Severance |
- | - | 75 | 45 | ||||||||||||
Amortization expense |
422 | 432 | 1,701 | 1,282 | ||||||||||||
Depreciation expense |
216 | 104 | 732 | 408 | ||||||||||||
Other expense |
110 | 321 | 453 | 601 | ||||||||||||
(Benefit) provision for income taxes |
(366 | ) | (57 | ) | (1,172 | ) | 139 | |||||||||
Adjusted EBITDA |
$ | (108 | ) | $ | 1,882 | $ | 460 | $ | 6,629 | |||||||
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