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Article: RF Industries Posts 3Q Results
- Article from:
- Wireless News
- Article date:
- September 18, 2009
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Wireless News
09-18-2009
RF Industries Posts 3Q Results
Type: News
RF Industries announced third quarter results for fiscal 2009, ended July 31.
In a release dated September 14, the company stated:
- Revenue was $3,294,000 compared to $4,668,000 in the same quarter last year. After a $210,000 non-cash expense for the write- off of goodwill primarily associated with the acquisition of RadioMobile, net earnings for the quarter were $10,000, or $0.00 per diluted share, compared to net income of $400,000, or $0.11 per diluted share, in the third quarter of 2008.
Howard Hill, RFI's President and CEO, said, "Our cash, cash equivalents and investments in available-for-sale securities increased ...