RF Industries Ltd. Reports Swing to Profit with $2.0 Million Adjusted EBITDA in H1 2024, Reversing $529K Loss
RF Industries Ltd. reported a profit of $1.0 million for H1 2024, reversing a loss of $2.5 million from the previous year. Adjusted EBITDA improved to $2.0 million from a loss of $529 thousand. Despite a decline in net sales to $64.857 million from $72.168 million, the company attributes its success to a strategic shift towards integrated solutions and diversification across sectors like wireless and aerospace. RF Industries is optimistic about future growth and exploring new market applications.
RF Industries Ltd. has announced its financial results for the fiscal year ended October 31, 2024. The company reported net sales of $64.857 million, a decrease from $72.168 million in the previous year. Despite the decline in sales, RF Industries Ltd. achieved a significant improvement in its net income, reporting a profit of $1.0 million for the first half of 2024, compared to a loss of $2.5 million in the comparable period of the previous year. Additionally, the adjusted EBITDA rose to $2.0 million, up from an adjusted EBITDA loss of $529 thousand in the first half of 2024. The management attributes these results to its strategic focus on profitability and successful repositioning from a components company to an integrated solutions provider. The company’s sales have become more diverse across different sectors, including wireless, aerospace, public safety, and industrial OEM customers. Moreover, RF Industries Ltd. is exploring new applications in markets such as energy, transportation, wireline telecom, data centers, and new industrial cases. The company expressed optimism about its future growth prospects, stating that the current financial results mark the beginning of a promising market opportunity. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RF Industries Ltd. published the original content used to generate this news brief on July 29, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
