RF Industries Reports Fourth Quarter and Fiscal Year 2024 Financial Results
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RF Industries, Ltd (NASDAQ:RFIL) reported its fourth quarter and fiscal year 2024 financial results, showing a 16% year-over-year increase in net sales to $18.5 million. The company also reported a backlog of $19.5 million at year-end.
January 16, 2025 | 9:15 pm
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RF Industries reported a 16% increase in net sales for Q4 2024, reaching $18.5 million, with a year-end backlog of $19.5 million, indicating strong demand and potential future revenue.
The 16% increase in net sales and a significant backlog suggest strong demand for RF Industries' products, which is likely to positively impact the stock price in the short term. The financial results indicate robust performance and potential for continued growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100