RF Industries receives $2.3 million in aerospace cabling orders

SAN DIEGO - RF Industries, Ltd. (NASDAQ:RFIL) has secured $2.3 million in follow-on orders for custom cabling solutions from a leading aerospace company, according to a press release statement issued Tuesday. The company, currently valued at $80.13 million, has seen its stock surge 92% year-to-date, trading near its 52-week high of $7.52.

The orders were received by the company’s Cables Unlimited division and will add to RF Industries’ existing backlog. The company stated it plans to begin shipping a portion of these orders later in the current fiscal year. According to InvestingPro data, RF Industries has demonstrated strong business momentum with 20.14% revenue growth in the last twelve months.

"We are pleased to receive the latest in a series of multiple follow-on orders from this leader in aerospace technology," said Robert Dawson, CEO of RF Industries, in the press release.

The company indicated that custom cabling solutions for aerospace applications must meet specific requirements including radiation resistance and ability to withstand extreme temperature variations while maintaining lightweight and compact designs.

RF Industries manufactures interconnect products for various markets including wireless/wireline telecommunications, data communications, and industrial applications. Its product portfolio includes RF connectors, adapters, passive components, coaxial cables, data cables, wire harnesses, fiber optic cables, cooling systems, and integrated small cell enclosures.

The company is headquartered in San Diego with additional operations across New York, Connecticut, Rhode Island, and New Jersey.

In other recent news, RF Industries reported a strong performance for the second quarter of fiscal year 2025, with net sales climbing 17% year-over-year to $18.9 million, surpassing revenue forecasts. The company also exceeded earnings expectations with an earnings per share (EPS) of $0.07. The gross profit margin improved to 31.5%, indicating enhanced financial health. RF Industries has secured $1.7 million in orders for integrated small cell shrouds from a Tier 1 wireless carrier, adding to its existing backlog and showcasing its momentum in high-value solutions. The company has launched new products in the cooling and antenna systems markets, contributing to its growth. RF Industries continues to expand its backlog, now standing at $18.4 million, as it explores new market opportunities. The company anticipates its Q3 FY2025 sales to be consistent with Q2, aiming for a 10% adjusted EBITDA margin. B. Riley analysts have noted RF Industries’ backlog growth and revenue diversification as positive indicators of the company’s strategic direction.

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