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 | |||||||
|
|
||||||||||||||||
View the original press release on accesswire.com