RF Industries Ltd. Reports Swing to Profit with $2.0 Million Adjusted EBITDA in H1 2024, Reversing $529K Loss
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RF Industries Ltd. reported a profit of $1.0 million for H1 2024, reversing a loss of $2.5 million from the previous year. Adjusted EBITDA improved to $2.0 million from a loss of $529 thousand. Despite a decline in net sales to $64.857 million from $72.168 million, the company attributes its success to a strategic shift towards integrated solutions and diversification across sectors like wireless and aerospace. RF Industries is optimistic about future growth and exploring new market applications.
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