RF Industries Provides Preliminary Q2 2023 Unaudited Financial Results; Sees Q2 Revenue $22M-$22.3M
Portfolio Pulse from Benzinga Newsdesk
RF Industries (NASDAQ:RFIL) provided preliminary Q2 2023 unaudited financial results, expecting revenue between $22M-$22.3M. The company anticipates reporting an operating profit and being cash flow positive for the quarter.
May 23, 2023 | 8:20 pm
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RF Industries expects Q2 2023 revenue between $22M-$22.3M, an operating profit, and cash flow positivity, indicating steady growth in its core business.
RF Industries' preliminary Q2 2023 results show steady growth in its core business and a solid quarter of Optiflex hybrid fiber cable shipments. The company's ability to recover delayed customer orders and manage expenses effectively contributes to the positive outlook for the stock in the short term.
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IMPORTANCE 80
RELEVANCE 100