Insert Title Earnings

January 22, 2024 at 19:00 PM EST

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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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