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RF Industries Reports Financial Results for First Quarter of Fiscal 2021; Reiterates Guidance for Year-Over-Year Growth in Full-Year 2021 Revenue


Press release content from Accesswire. The AP news staff was not involved in its creation.
RF Industries Reports Financial Results for First Quarter of Fiscal 2021; Reiterates Guidance for Year-Over-Year Growth in Full-Year 2021 Revenue
March 11, 2021 GMT
SAN DIEGO, CA / ACCESSWIRE / March 11, 2021 / RF Industries, Ltd., (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today announced its financial results for the first quarter of fiscal 2021 ended January 31, 2021.
First Quarter Fiscal 2021 Highlights and Operating Results:
Net Sales of $10.0 million in the quarter, 6.5% lower sequentially compared to the fourth quarter of fiscal 2020. The decline was due to the seasonality in the Company’s fiscal first quarter with less business days, as well as delayed shipments of some large orders in the carrier ecosystem. ....

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