RFIL - RF Industries gives preliminary estimates for Q2 revenue expects to be cash flow positive
2023-05-23 17:51:57 ET
- RF Industries ( NASDAQ: RFIL ) on Tuesday gave preliminary estimates for its Q2 revenue ahead of its participation in an investor conference.
- The company said it expected Q2 revenue to be in the range of $22M to $22.3M.
- "Our preliminary unaudited second quarter results reflect steady growth in our core run-rate business of interconnect products and a solid quarter of Optiflex hybrid fiber cable shipments to our wireless carrier customers," RFIL CEO Robert Dawson said in a statement .
- The company also said it expects to report an operating profit and be cash flow positive for Q2.
- "We are especially pleased that we recovered some delayed customer orders from the first quarter even with the cautious capex spending environment among carrier and wireless customers," Dawson said.
- RFIL stock earlier closed +2% at $4.06.
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RF Industries gives preliminary estimates for Q2 revenue, expects to be cash flow positive