RF Industries Announces Second Quarter Fiscal 2023 Results - Seite 2

"Looking ahead, we continue to see an inconsistent spending environment related to wireless carrier capex and we expect this to result in unpredictable timing of project-based bookings and shipments over the next few quarters. During the third quarter we have already booked meaningful new orders for both our DAC and small cell solutions. Many of these projects have been in our sales pipeline for several months, so even with carrier capex uncertainty, we believe we are seeing early signs of improvements in these markets. Additionally, we believe our expanded product offering and next-generation solutions present a significant opportunity to gain market share when carriers reinvigorate their buildouts. As we complete our facility moves and infrastructure investments, we believe that with a more efficient operation and disciplined expense management, combined with incremental sales from our higher value solutions and a more favorable product mix, we can drive increased gross margins and higher profitability in coming fiscal years," concluded Dawson.

Conference Call and Webcast

RF Industries will host a conference call and live webcast today, June 14, 2023, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its fiscal 2023 second quarter 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.

About RF Industries

RF Industries designs and manufactures a broad range of interconnect products across diversified, growing markets, including wireless/wireline telecom, data communications and industrial. The Company's products include high-performance components used in commercial applications such as RF connectors and adapters, RF passives including dividers, directional couplers and filters, coaxial cables, data cables, wire harnesses, fiber optic cables, custom cabling, energy-efficient cooling systems and integrated small cell enclosures. The Company is headquartered in San Diego, California with additional operations in New York, Connecticut, Rhode Island and New Jersey. Please visit the RF Industries website at www.rfindustries.com.