RF Industries Provides Preliminary Second Quarter 2023 Unaudited Financial Results Ahead of the B. Riley Investor Conference

Second Quarter Earnings Release and Call Scheduled for June 14

SAN DIEGO, CA / ACCESSWIRE / May 23, 2023 / RF Industries, Ltd, (NASDAQ:RFIL), a national manufacturer and marketer of interconnect products and systems, today provided preliminary estimates of certain unaudited financial results for the second fiscal quarter ended April 30, 2023 in advance of the Company's participation in B. Riley's 23^rd Annual Institutional Investor Conference on May 24, 2023.

For the second quarter, the company expects revenue to be in the range of $22.0 million to $22.3 million. The company also expects to report an operating profit and be cash flow positive for the second fiscal quarter.

"Our preliminary unaudited second quarter results reflect steady growth in our core run-rate business of interconnect products and a solid quarter of Optiflex hybrid fiber cable shipments to our wireless carrier customers. We are especially pleased that we recovered some delayed customer orders from the first quarter even with the cautious capex spending environment among carrier and wireless customers. Our team continues to execute on all fronts to drive revenue and to carefully manage expenses, and we remain confident in our strategic plan to deliver sustained growth and returns to our shareholders over the long term," said Robert Dawson, President and Chief Executive Officer of RF Industries.

These preliminary results remain subject to the completion of normal quarter-end accounting procedures and closing adjustments. RF Industries will release its financial results for the second quarter on Wednesday, June 14, 2023, after the close of the market. The Company will host a conference call and live webcast on June 14, 2023 at 4:30 p.m. Eastern Time (1:30 p.m. PT) to discuss its financial results. To access the live call, dial 888-506-0062 (US and Canada) or 973-528-0011 (International) and give the participant access code 346334.

A live and archived webcast of the conference call will be accessible on the investor relations section of the Company's website at www.rfindustries.com. In addition, a phone replay will be available beginning approximately two hours after conclusion of the call and will remain available for two weeks. To access the phone replay, dial 877-481-4010 (US and Canada) or 919-882-2331 (International). The replay access code is 48386.