$RFIL
R F INDUSTRIES LTD Stock $rfil

$rfil Overview Financials Valuation SEC Filings Company Website

2014 Q3 Form 10-Q Financial Statement

#000114420414055349 Filed on September 11, 2014

Income Statement

Concept	2014 Q3	2013 Q4	2013 Q3
Revenue	$5.536M	$8.410M	$9.478M
YoY Change	-41.59%	-0.59%	29.55%
Cost Of Revenue	$3.048M	$4.960M	$5.609M
YoY Change	-45.66%	-1.39%	40.86%
Gross Profit	$2.488M	$3.440M	$3.948M
YoY Change	-36.98%	0.29%	18.42%
Gross Profit Margin	44.94%	40.9%	41.65%
Selling, General & Admin	$1.632M	$1.930M	$1.987M
YoY Change	-17.87%	44.03%	3.92%
% of Gross Profit	65.59%	56.1%	50.33%
Research & Development	$228.0K	$400.0K	$200.0K
YoY Change	14.0%	33.33%	-23.37%
% of Gross Profit	9.16%	11.63%	5.07%
Depreciation & Amortization	$160.0K	$170.0K	$160.0K
YoY Change	0.0%	21.43%	0.0%
% of Gross Profit	6.43%	4.94%	4.05%
Operating Expenses	$1.860M	$2.330M	$2.187M
YoY Change	-14.95%	42.07%	0.64%
Operating Profit	$628.0K	$1.110M	$1.761M
YoY Change	-64.34%	-37.99%	51.68%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net	$10.00K	$10.00K	$10.00K
YoY Change	0.0%		0.0%
Pretax Income	$635.0K	$1.130M	$1.766M
YoY Change	-64.04%	-36.87%	50.68%
Income Tax	$277.0K	$410.0K	$489.0K
% Of Pretax Income	43.62%	36.28%	27.69%
Net Earnings	$372.0K	$30.00K	$917.0K
YoY Change	-59.43%	-97.41%	24.76%
Net Earnings / Revenue	6.72%	0.36%	9.68%
Basic Earnings Per Share	$0.05		$0.12
Diluted Earnings Per Share	$0.04	$3.436K	$0.11
COMMON SHARES
Basic Shares Outstanding	8.250M shares		7.799M shares
Diluted Shares Outstanding	8.719M shares		8.560M shares

Balance Sheet

Concept	2014 Q3	2013 Q4	2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$14.24M	$11.88M	$10.78M
YoY Change	32.1%	116.39%	91.47%
Cash & Equivalents	$14.24M	$11.88M	$10.78M
Short-Term Investments
Other Short-Term Assets	$610.0K	$1.552M	$505.0K
YoY Change	20.79%	142.5%	-15.05%
Inventory	$5.612M	$5.995M	$7.310M
Prepaid Expenses
Receivables	$2.589M	$3.160M	$3.542M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$23.37M	$22.91M	$22.90M
YoY Change	2.05%	20.3%	36.87%
LONG-TERM ASSETS
Property, Plant & Equipment	$883.0K	$1.053M	$1.033M
YoY Change	-14.52%	-12.54%	-14.31%
Goodwill	$3.076M	$3.076M	$3.076M
YoY Change	0.0%	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$21.00K	$30.00K	$30.00K
YoY Change	-30.0%	-14.29%	-6.71%
Total Long-Term Assets	$5.698M	$6.043M	$6.078M
YoY Change	-6.25%	-5.86%	-6.1%
TOTAL ASSETS
Total Short-Term Assets	$23.37M	$22.91M	$22.90M
Total Long-Term Assets	$5.698M	$6.043M	$6.078M
Total Assets	$29.07M	$28.95M	$28.98M
YoY Change	0.31%	13.71%	24.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$697.0K	$792.0K	$933.0K
YoY Change	-25.29%	-44.58%	-21.07%
Accrued Expenses	$1.475M	$1.741M	$1.929M
YoY Change	-23.54%	-17.17%	14.1%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.180M	$2.584M	$3.016M
YoY Change	-27.72%	-37.6%	0.15%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change		-100.0%	-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.180M	$2.584M	$3.016M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$3.134M	$3.534M	$4.093M
YoY Change	-23.43%	-32.47%	-0.4%
SHAREHOLDERS EQUITY
Retained Earnings	$9.023M	$9.632M	$9.940M
YoY Change	-9.23%	18.14%	35.35%
Common Stock	$16.91M	$15.79M	$14.95M
YoY Change	13.15%	30.72%	27.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$25.93M	$25.54M	$24.89M
YoY Change
Total Liabilities & Shareholders Equity	$29.07M	$28.95M	$28.98M
YoY Change	0.31%	13.71%	24.88%

Cashflow Statement

Concept	2014 Q3	2013 Q4	2013 Q3
OPERATING ACTIVITIES
Net Income	$372.0K	$30.00K	$917.0K
YoY Change	-59.43%	-97.41%	24.76%
Depreciation, Depletion And Amortization	$160.0K	$170.0K	$160.0K
YoY Change	0.0%	21.43%	0.0%
Cash From Operating Activities	$1.390M	$680.0K	$2.770M
YoY Change	-49.82%	750.0%	99.28%
INVESTING ACTIVITIES
Capital Expenditures	-$50.00K	-$130.0K	-$90.00K
YoY Change	-44.44%	44.44%	80.0%
Acquisitions
YoY Change
Other Investing Activities			$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$50.00K	-$130.0K	-$90.00K
YoY Change	-44.44%	44.44%	-113.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-510.0K	550.0K	-390.0K
YoY Change	30.77%	-492.86%	50.0%
NET CHANGE
Cash From Operating Activities	1.390M	680.0K	2.770M
Cash From Investing Activities	-50.00K	-130.0K	-90.00K
Cash From Financing Activities	-510.0K	550.0K	-390.0K
Net Change In Cash	830.0K	1.100M	2.290M
YoY Change	-63.76%	-833.33%	25.82%
FREE CASH FLOW
Cash From Operating Activities	$1.390M	$680.0K	$2.770M
Capital Expenditures	-$50.00K	-$130.0K	-$90.00K
Free Cash Flow	$1.440M	$810.0K	$2.860M
YoY Change	-49.65%	376.47%	98.61%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q3	us-gaap	Common Stock Value CommonStockValue	83000	USD
CY2014Q3	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	790000	USD
CY2013Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	759000	USD
CY2013Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	410000	USD
CY2013Q4	us-gaap	Assets Assets	28953000	USD
CY2013Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2584000	USD
CY2014Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9023000	USD
CY2014Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	16828000	USD
CY2013Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3160000	USD
CY2014Q3	us-gaap	Other Assets Current OtherAssetsCurrent	610000	USD
CY2013Q4	us-gaap	Other Assets Current OtherAssetsCurrent	1552000	USD
CY2013Q4	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	322000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	11881000	USD
CY2014Q3	us-gaap	Inventory Net InventoryNet	5612000	USD
CY2013Q4	us-gaap	Inventory Net InventoryNet	5995000	USD
CY2014Q3	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	322000	USD
CY2014Q3	us-gaap	Assets Current AssetsCurrent	23370000	USD
CY2013Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1407000	USD
CY2014Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	21000	USD
CY2013Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	30000	USD
CY2014Q3	us-gaap	Assets Assets	29068000	USD
CY2013Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	792000	USD
CY2014Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1475000	USD
CY2013Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1741000	USD
CY2013Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1053000	USD
CY2014Q3	us-gaap	Goodwill Goodwill	3076000	USD
CY2013Q4	us-gaap	Goodwill Goodwill	3076000	USD
CY2014Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1241000	USD
CY2014Q3	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	410000	USD
CY2014Q3	us-gaap	Due From Officers Or Stockholders Noncurrent DueFromOfficersOrStockholdersNoncurrent	67000	USD
CY2013Q4	us-gaap	Due From Officers Or Stockholders Noncurrent DueFromOfficersOrStockholdersNoncurrent	67000	USD
CY2014Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	697000	USD
CY2014Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	883000	USD
CY2014Q3	us-gaap	Customer Deposits Current CustomerDepositsCurrent	12000	USD
CY2014Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	25934000	USD
CY2014Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	29068000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	524000	USD
CY2013Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	15000	USD
CY2013Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	4067000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	481000	USD
CY2014Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3354000	USD
CY2013Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3259000	USD
CY2014Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2471000	USD
CY2013Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2206000	USD
CY2013Q4	us-gaap	Customer Deposits Current CustomerDepositsCurrent	51000	USD
CY2013Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	950000	USD
CY2014Q3	us-gaap	Liabilities Liabilities	3134000	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14237000	USD
CY2014Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2589000	USD
CY2013Q4	us-gaap	Assets Current AssetsCurrent	22910000	USD
CY2014Q3	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	2564000	USD
CY2013Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	2500000	USD
CY2014Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	58000	USD
CY2013Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	103000	USD
CY2014Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2014Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2014Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8260307	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8075124	shares
CY2014Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	8260307	shares
CY2013Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	8075124	shares
CY2014Q3	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	1898000	USD
CY2013Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	1913000	USD
CY2014Q3	us-gaap	Inventory Work In Process InventoryWorkInProcess	18000	USD
CY2014Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	3696000	USD
CY2014Q3	rfil	Number Of Vendors NumberOfVendors	3	pure
CY2013Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	21177	shares
CY2014Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	252182	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	23279	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	228069	shares
CY2013Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7798608	shares
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8250042	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7492137	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	8200476	shares
CY2013Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	761027	shares
CY2014Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	468614	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	870841	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	563117	shares
CY2013Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8559635	shares
CY2014Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8718656	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8362978	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8763593	shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P4Y10M2D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P4Y6M11D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P4Y10M6D
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	2400000	USD
CY2014Q3	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	2300000	USD
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	2400000	USD
CY2014Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	443000	USD
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P4Y7M24D
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	1.12
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	1.99
CY2014Q3	rfil	Non Employee Director Annual Grant NonEmployeeDirectorAnnualGrant	30000	USD
	us-gaap	Share Based Goods And Nonemployee Services Transaction Quantity Of Securities Issued ShareBasedGoodsAndNonemployeeServicesTransactionQuantityOfSecuritiesIssued	7860	shares
	rfil	Share Based Goods And Nonemployee Services Transaction Value Of Stock Option Issued ShareBasedGoodsAndNonemployeeServicesTransactionValueOfStockOptionIssued	15000	USD
CY2014Q3	us-gaap	Share Price SharePrice	1.91
CY2013Q3	us-gaap	Share Based Compensation ShareBasedCompensation	54000	USD
CY2014Q3	us-gaap	Share Based Compensation ShareBasedCompensation	52000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	161000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0036	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0111	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0417	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0438	pure
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P3Y6M
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.4285	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.529	pure
CY2014Q3	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	13500000	USD
	rfil	Concentration Agreement With Major Customer For Past Year ConcentrationAgreementWithMajorCustomerForPastYear	P15Y
CY2013Q3	us-gaap	Sales Revenue Net SalesRevenueNet	9478000	USD
CY2014Q3	us-gaap	Sales Revenue Net SalesRevenueNet	5536000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	28220000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	17150000	USD
CY2013Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	1766000	USD
CY2014Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	635000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	5596000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	1752000	USD
CY2013Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	161000	USD
CY2014Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	151000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	445000	USD
CY2014Q3	us-gaap	Cost Of Goods Sold CostOfGoodsSold	3048000	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	15755000	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	9328000	USD
CY2013Q3	us-gaap	Gross Profit GrossProfit	3948000	USD
CY2014Q3	us-gaap	Gross Profit GrossProfit	2488000	USD
CY2014Q3	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare	0.00
	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare	-0.05
	us-gaap	Gross Profit GrossProfit	12465000	USD
	us-gaap	Gross Profit GrossProfit	7822000	USD
CY2013Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	200000	USD
CY2014Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	228000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	599000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	697000	USD
CY2013Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1987000	USD
CY2014Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1632000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6283000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5395000	USD
CY2013Q3	us-gaap	Operating Expenses OperatingExpenses	2187000	USD
CY2014Q3	us-gaap	Operating Expenses OperatingExpenses	1860000	USD
	us-gaap	Operating Expenses OperatingExpenses	6882000	USD
	us-gaap	Operating Expenses OperatingExpenses	6092000	USD
CY2013Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	1761000	USD
CY2014Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	628000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	5583000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	1730000	USD
CY2013Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	5000	USD
CY2014Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	7000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	13000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	22000	USD
CY2013Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	489000	USD
CY2014Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	277000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1574000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	670000	USD
CY2013Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	1277000	USD
CY2014Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	358000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	4022000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	1082000	USD
CY2013Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest	360000	USD
CY2014Q3	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest	-14000	USD
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest	445000	USD
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest	-32000	USD
CY2013Q3	us-gaap	Net Income Loss NetIncomeLoss	917000	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	372000	USD
	us-gaap	Net Income Loss NetIncomeLoss	3577000	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.14
CY2013Q3	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.15
	us-gaap	Net Income Loss NetIncomeLoss	1114000	USD
CY2013Q3	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.16
CY2014Q3	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.05
	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.54
	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.14
CY2013Q3	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare	-0.04
CY2014Q3	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare	0.00
	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare	-0.06
	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare	0.00
CY2013Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.12
CY2014Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.48
CY2014Q3	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.04
	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.48
	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.13
CY2013Q3	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare	-0.04
CY2014Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2014Q3	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	0	USD
	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare	0.00
CY2013Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.11
CY2014Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.04
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.43
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.13
CY2013Q3	rfil	Total Provision As Percentage Of Pre Tax Income TotalProvisionAsPercentageOfPreTaxIncome	0.28	pure
CY2014Q3	rfil	Total Provision As Percentage Of Pre Tax Income TotalProvisionAsPercentageOfPreTaxIncome	0.44	pure
	rfil	Total Provision As Percentage Of Pre Tax Income TotalProvisionAsPercentageOfPreTaxIncome	0.28	pure
	rfil	Total Provision As Percentage Of Pre Tax Income TotalProvisionAsPercentageOfPreTaxIncome	0.38	pure
CY2013Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2013Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	0	USD
CY2013Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	1188000	USD
CY2014Q3	rfil	Accrued Inventory Receipts Current AccruedInventoryReceiptsCurrent	818000	USD
CY2013Q4	rfil	Accrued Inventory Receipts Current AccruedInventoryReceiptsCurrent	376000	USD
CY2014Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	98000	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	627000	USD
CY2014Q2	us-gaap	Sale Leaseback Transaction Annual Rental Payments SaleLeasebackTransactionAnnualRentalPayments	19000	USD
CY2014Q2	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2017-03-31
CY2013Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.07
CY2014Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.07
CY2013Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.07
CY2014Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.07
CY2013Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.10
CY2014Q3	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	0	shares
	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	61000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	482000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1564000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	326000	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-135000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-5000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-496000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-95000	USD
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	51000	USD
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	-39000	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	277000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-266000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-15000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	0	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4518000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3387000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	109000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-109000	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10782000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1790000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1723000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-383000	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-942000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-9000	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-25000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-922000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	5290000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	2356000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-173000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	145000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-145000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2225000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	482000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	277000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	917000	USD
CY2014Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.07
	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	-36000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	5000	USD
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	277000	USD
CY2013Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	177000	USD
CY2014Q1	us-gaap	Line Of Credit Facility Interest Rate During Period LineOfCreditFacilityInterestRateDuringPeriod	0.030	pure
CY2014Q1	us-gaap	Line Of Credit Facility Expiration Date1 LineOfCreditFacilityExpirationDate1	2016-06-30
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-602000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5492000	USD
	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	14000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1264000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
	dei	Entity Central Index Key EntityCentralIndexKey	0000740664
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--10-31
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Trading Symbol TradingSymbol	RFIL
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2014-07-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Registrant Name EntityRegistrantName	R F INDUSTRIES LTD
CY2014Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	8260307	shares

Files In Submission

Name	View Source	Status
0001144204-14-055349-index-headers.html	Edgar Link	pending
0001144204-14-055349-index.html	Edgar Link	pending
0001144204-14-055349.txt	Edgar Link	pending
0001144204-14-055349-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
rfil-20140731.xml	Edgar Link	completed
rfil-20140731.xsd	Edgar Link	pending
rfil-20140731_cal.xml	Edgar Link	unprocessable
rfil-20140731_def.xml	Edgar Link	unprocessable
rfil-20140731_lab.xml	Edgar Link	unprocessable
rfil-20140731_pre.xml	Edgar Link	unprocessable
Show.js	Edgar Link	pending
tlogo.jpg	Edgar Link	pending
v388161_10q.htm	Edgar Link	pending
v388161_ex31-1.htm	Edgar Link	pending
v388161_ex31-2.htm	Edgar Link	pending
v388161_ex32-1.htm	Edgar Link	pending
v388161_ex32-2.htm	Edgar Link	pending
v388161_ex99-1.htm	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$RFIL
R F INDUSTRIES LTD Stock $rfil

2014 Q3 Form 10-Q Financial Statement

#000114420414055349 Filed on September 11, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RFIL R F INDUSTRIES LTD Stock $rfil

2014 Q3 Form 10-Q Financial Statement

#000114420414055349 Filed on September 11, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RFIL
R F INDUSTRIES LTD Stock $rfil