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By: ACCESSWIRE

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

View the original press release on accesswire.com

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