$RFIL
R F INDUSTRIES LTD

2014 Q1 Form 10-Q Financial Statement

#000114420414015329 Filed on March 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $5.850M $9.896M
YoY Change -40.89% 77.99%
Cost Of Revenue $3.268M $5.331M
YoY Change -38.7% 74.22%
Gross Profit $2.582M $4.565M
YoY Change -43.44% 82.6%
Gross Profit Margin 44.14% 46.13%
Selling, General & Admin $1.987M $2.258M
YoY Change -12.0% 12.34%
% of Gross Profit 76.96% 49.46%
Research & Development $256.0K $289.0K
YoY Change -11.42% -0.34%
% of Gross Profit 9.91% 6.33%
Depreciation & Amortization $150.0K $160.0K
YoY Change -6.25% 0.0%
% of Gross Profit 5.81% 3.5%
Operating Expenses $2.243M $2.547M
YoY Change -11.94% 10.74%
Operating Profit $339.0K $2.018M
YoY Change -83.2% 909.0%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $10.00K $0.00
YoY Change -100.0%
Pretax Income $346.0K $2.021M
YoY Change -82.88% 818.64%
Income Tax $82.00K $564.0K
% Of Pretax Income 23.7% 27.91%
Net Earnings $265.0K $1.482M
YoY Change -82.12% 1135.0%
Net Earnings / Revenue 4.53% 14.98%
Basic Earnings Per Share $0.03 $0.21
Diluted Earnings Per Share $0.03 $0.19
COMMON SHARES
Basic Shares Outstanding 8.144M shares 7.074M shares
Diluted Shares Outstanding 8.817M shares 8.004M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.78M $6.950M
YoY Change 83.88% 48.19%
Cash & Equivalents $12.78M $6.949M
Short-Term Investments
Other Short-Term Assets $960.0K $1.710M
YoY Change -43.86% -10.47%
Inventory $6.030M $6.740M
Prepaid Expenses
Receivables $2.521M $5.780M
Other Receivables $0.00 $0.00
Total Short-Term Assets $22.61M $21.18M
YoY Change 6.75% 34.31%
LONG-TERM ASSETS
Property, Plant & Equipment $970.0K $1.140M
YoY Change -14.91% 5.56%
Goodwill $3.076M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.00K $30.00K
YoY Change -23.33% 0.0%
Total Long-Term Assets $5.897M $6.300M
YoY Change -6.4% -2.48%
TOTAL ASSETS
Total Short-Term Assets $22.61M $21.18M
Total Long-Term Assets $5.897M $6.300M
Total Assets $28.51M $27.48M
YoY Change 3.74% 23.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $589.0K $1.060M
YoY Change -44.43% -16.54%
Accrued Expenses $1.178M $2.180M
YoY Change -45.96% 101.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.818M $3.800M
YoY Change -52.16% 53.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.00K
YoY Change -92.31%
Total Long-Term Liabilities $0.00 $10.00K
YoY Change -100.0% -92.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.818M $3.800M
Total Long-Term Liabilities $0.00 $10.00K
Total Liabilities $2.768M $4.880M
YoY Change -43.28% 33.33%
SHAREHOLDERS EQUITY
Retained Earnings $9.327M
YoY Change
Common Stock $16.41M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.74M $22.60M
YoY Change
Total Liabilities & Shareholders Equity $28.51M $27.48M
YoY Change 3.75% 23.62%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $265.0K $1.482M
YoY Change -82.12% 1135.0%
Depreciation, Depletion And Amortization $150.0K $160.0K
YoY Change -6.25% 0.0%
Cash From Operating Activities $898.0K $650.0K
YoY Change 38.15% 622.22%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $43.00K
YoY Change -76.74% -122.63%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$10.00K -$43.00K
YoY Change -76.74% -105.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $8.000K $850.0K
YoY Change -99.06% -179.44%
NET CHANGE
Cash From Operating Activities $898.0K $650.0K
Cash From Investing Activities -$10.00K -$43.00K
Cash From Financing Activities $8.000K $850.0K
Net Change In Cash $896.0K $1.457M
YoY Change -38.5% -957.06%
FREE CASH FLOW
Cash From Operating Activities $898.0K $650.0K
Capital Expenditures $10.00K $43.00K
Free Cash Flow $888.0K $607.0K
YoY Change 46.29% 116.79%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2013Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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236000 USD
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ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
237000 USD
CY2013Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
700000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
570000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
850000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8000 USD
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1457000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
896000 USD
CY2014Q1 rfil Total Provision As Percentage Of Pre Tax Income
TotalProvisionAsPercentageOfPreTaxIncome
0.24 pure
CY2014Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5492000 USD
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6949000 USD
CY2013Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
603000 USD
CY2014Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-01-31
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Trading Symbol
TradingSymbol
RFIL
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8187803 shares
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
R F INDUSTRIES LTD
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000740664
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q1 rfil Number Of Vendors
NumberOfVendors
2 pure
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
138280 shares
CY2014Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
122069 shares
CY2014Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
12400000 USD
CY2013Q1 rfil Total Provision As Percentage Of Pre Tax Income
TotalProvisionAsPercentageOfPreTaxIncome
0.28 pure
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.01
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.89
CY2014Q1 rfil Non Employee Director Annual Grant
NonEmployeeDirectorAnnualGrant
30000 USD
CY2014Q1 us-gaap Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued
ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued
7860 shares
CY2014Q1 rfil Share Based Goods And Nonemployee Services Transaction Value Of Stock Option Issued
ShareBasedGoodsAndNonemployeeServicesTransactionValueOfStockOptionIssued
15000 USD
CY2014Q1 us-gaap Share Price
SharePrice
1.91
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
930071 shares
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
673711 shares

Files In Submission

Name View Source Status
0001144204-14-015329-index-headers.html Edgar Link pending
0001144204-14-015329-index.html Edgar Link pending
0001144204-14-015329.txt Edgar Link pending
0001144204-14-015329-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
rfil-20140131.xml Edgar Link completed
rfil-20140131.xsd Edgar Link pending
rfil-20140131_cal.xml Edgar Link unprocessable
rfil-20140131_def.xml Edgar Link unprocessable
rfil-20140131_lab.xml Edgar Link unprocessable
rfil-20140131_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending
v370433_10q.htm Edgar Link pending
v370433_ex31-1.htm Edgar Link pending
v370433_ex31-2.htm Edgar Link pending
v370433_ex32-1.htm Edgar Link pending
v370433_ex32-2.htm Edgar Link pending
v370433_ex99-1.htm Edgar Link pending