RFIL - Insert Title Earnings
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 |
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