RF Industries Recieved Several Recent New Large Orders Totaling ~$4M Across Multiple Product Areas
Portfolio Pulse from Benzinga Newsdesk
RF Industries (NASDAQ:RFIL) announced new large orders totaling approximately $4 million, including a significant $2 million order for small cell solutions. This has increased the company's backlog by 30% to $21.1 million.
May 21, 2024 | 12:31 pm
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RF Industries received new orders totaling $4 million, including a $2 million order for small cell solutions, increasing its backlog by 30% to $21.1 million.
The new orders, particularly the $2 million for small cell solutions, indicate strong demand for RFIL's products. The 30% increase in backlog is a positive indicator for future revenue, likely boosting investor confidence and short-term stock price.
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