$RFIL
R F INDUSTRIES LTD

2019 Q1 Form 10-Q Financial Statement

#000114420419013512 Filed on March 12, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $10.65M $7.966M
YoY Change 33.66% 20.39%
Cost Of Revenue $7.502M $5.503M
YoY Change 36.33% 15.61%
Gross Profit $3.145M $2.463M
YoY Change 27.69% 32.63%
Gross Profit Margin 29.54% 30.92%
Selling, General & Admin $2.039M $1.784M
YoY Change 14.29% -10.35%
% of Gross Profit 64.83% 72.43%
Research & Development $320.0K $321.0K
YoY Change -0.31% 43.3%
% of Gross Profit 10.17% 13.03%
Depreciation & Amortization $140.0K $130.0K
YoY Change 7.69% -40.91%
% of Gross Profit 4.45% 5.28%
Operating Expenses $2.359M $2.105M
YoY Change 12.07% 839.73%
Operating Profit $786.0K $358.0K
YoY Change 119.55% -78.08%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $22.00K $2.000K
YoY Change 1000.0% -90.0%
Pretax Income $808.0K $360.0K
YoY Change 124.44% -206.19%
Income Tax $168.0K $56.00K
% Of Pretax Income 20.79% 15.56%
Net Earnings $640.0K $454.0K
YoY Change 40.97% -334.02%
Net Earnings / Revenue 6.01% 5.7%
Basic Earnings Per Share $0.07 $0.05
Diluted Earnings Per Share $0.07 $0.05
COMMON SHARES
Basic Shares Outstanding 9.309M 8.880M
Diluted Shares Outstanding 9.838M 9.099M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.02M $5.880M
YoY Change 138.44% 35.17%
Cash & Equivalents $14.02M $4.950M
Short-Term Investments
Other Short-Term Assets $781.0K $670.0K
YoY Change 16.57% -54.11%
Inventory $8.169M $6.800M
Prepaid Expenses $365.0K $472.0K
Receivables $5.633M $5.400M
Other Receivables $0.00 $80.00K
Total Short-Term Assets $28.60M $18.83M
YoY Change 51.88% 16.67%
LONG-TERM ASSETS
Property, Plant & Equipment $564.0K $630.0K
YoY Change -10.48% -17.11%
Goodwill $1.340M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $49.00K $50.00K
YoY Change -2.0% -58.33%
Total Long-Term Assets $3.908M $8.021M
YoY Change -51.28% -8.96%
TOTAL ASSETS
Total Short-Term Assets $28.60M $18.83M
Total Long-Term Assets $3.908M $8.021M
Total Assets $32.51M $26.85M
YoY Change 21.06% 7.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.744M $2.101M
YoY Change -16.99% 53.36%
Accrued Expenses $2.059M $2.700M
YoY Change -23.74% 116.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.803M $4.890M
YoY Change -22.23% 44.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.803M $4.890M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $3.814M $4.998M
YoY Change -23.69% 28.15%
SHAREHOLDERS EQUITY
Retained Earnings $7.170M $1.878M
YoY Change 281.79%
Common Stock $21.52M $19.98M
YoY Change 7.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.69M $21.85M
YoY Change
Total Liabilities & Shareholders Equity $32.51M $26.85M
YoY Change 21.06% 7.62%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $640.0K $454.0K
YoY Change 40.97% -334.02%
Depreciation, Depletion And Amortization $140.0K $130.0K
YoY Change 7.69% -40.91%
Cash From Operating Activities -$2.400M -$152.0K
YoY Change 1478.95% -78.25%
INVESTING ACTIVITIES
Capital Expenditures $73.00K $22.00K
YoY Change 231.82% 266.67%
Acquisitions
YoY Change
Other Investing Activities $0.00 $30.00K
YoY Change -100.0%
Cash From Investing Activities -$70.00K $12.00K
YoY Change -683.33% -300.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 156.0K -19.00K
YoY Change -921.05% -90.45%
NET CHANGE
Cash From Operating Activities -2.400M -$152.0K
Cash From Investing Activities -70.00K $12.00K
Cash From Financing Activities 156.0K -19.00K
Net Change In Cash 156.0K -$159.0K
YoY Change -198.11% -82.41%
FREE CASH FLOW
Cash From Operating Activities -$2.400M -$152.0K
Capital Expenditures $73.00K $22.00K
Free Cash Flow -$2.473M -$174.0K
YoY Change 1321.26% -75.32%

Facts In Submission

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IncreaseDecreaseInIncomeTaxesReceivable
0
CY2018Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-49000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2401000
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-220000
CY2019Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0
CY2018Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
69000
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
342000
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
157000
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
186000
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
176000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
156000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19000
CY2019Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2318000
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-159000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6039000
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
14016000
CY2019Q1 dei Amendment Flag
AmendmentFlag
false
CY2019Q1 dei Document Period End Date
DocumentPeriodEndDate
2019-01-31
CY2019Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2019Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
5880000
CY2019Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0
CY2018Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
930000
CY2019Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2018Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
3000
CY2019Q1 us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
0
CY2018Q1 us-gaap Proceeds From Collection Of Lease Receivables
ProceedsFromCollectionOfLeaseReceivables
34000
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
73000
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-73000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
12000
CY2019Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0
CY2018Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-1000
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4950000
CY2019Q1 rfil Fair Value Assumption Expected Term
FairValueAssumptionExpectedTerm
P5Y9M4D
CY2018Q1 rfil Fair Value Assumption Expected Term
FairValueAssumptionExpectedTerm
P4Y6M14D
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
65000
CY2019Q1 dei Document Type
DocumentType
10-Q
CY2019Q1 dei Entity Registrant Name
EntityRegistrantName
R F INDUSTRIES LTD
CY2019Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000740664
CY2019Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
CY2019Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2019Q1 dei Trading Symbol
TradingSymbol
RFIL
CY2019Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9356935
CY2019Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
27783000
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
342000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
114000
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
186000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28693000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21343000
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
157000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
75000
CY2018Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
176000
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21853000

Files In Submission

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0001144204-19-013512-index.html Edgar Link pending
0001144204-19-013512.txt Edgar Link pending
0001144204-19-013512-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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rfil-20190131.xml Edgar Link completed
rfil-20190131.xsd Edgar Link pending
rfil-20190131_cal.xml Edgar Link unprocessable
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