Thu, Apr 10, 4:07 PM (17 days ago)
Richardson Electronics, Ltd. (RELL) reported its quarterly financial health for the period ending March 1, 2025. The company's revenue increased by 2.7% to $53.8 million for the quarter and by 5.3% to $157.0 million for the nine months, compared to the same periods in 2024. Gross profit margins improved to 31.0% for the quarter and 30.8% for the nine months, driven by favorable product mix in Power and Microwave Technologies (PMT) and Green Energy Solutions (GES). However, the company reported a net loss of $2.1 million for the quarter and $2.2 million for the nine months, primarily due to a $4.9 million loss from the disposal of Healthcare assets. Operating expenses were managed, with SG&A expenses increasing slightly but remaining below 30% of net sales. Cash flow from operations was positive at $10.5 million for the nine months, supported by strong cash management and strategic asset sales. The company's liquidity position is robust, with $36.7 million in cash and cash equivalents. Future operations may be impacted by geopolitical uncertainties, economic pressures, and the ongoing integration of the Healthcare asset sale. The company remains focused on leveraging its technical expertise and engineered solutions to drive growth in key markets.