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
