RF INDUSTRIES, LTD. (NASDAQ:RFIL) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01
On December 4, 2018, RF Industries, Ltd. (the “Company”) issued a press release announcing information regarding the Company’s preliminary unaudited financial results for the year ended October 31, 2018. A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
The Company also announced that it is currently in the process of finalizing its financial results for the fiscal year ended October 31, 2018. While complete financial information is not available, based on information currently available, the Company estimates that as of October 31, 2018, the Company had approximately $16.3 million of cash and cash equivalents, $32.5 million of total assets, $27.8 million of stockholders’ equity and backlog of $12 million. These preliminary estimates have been prepared by, and are the responsibility of, our management. The Company’s actual cash and cash equivalents, total assets, stockholders’ equity and backlog as of October 31, 2018 may differ from these estimates due to the completion of closing procedures with respect to the fiscal year ended October 31, 2018, final adjustments and other developments that may arise between now and the time the financial results are finalized
The information furnished under this Item 2.02, including the accompanying Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall such information be deemed to be incorporated by reference in any subsequent filing by the Company under the Securities Act of 1933 or the Exchange Act, regardless of the general incorporation language of such filing, except as specifically stated in such filing.
| Item 7.01 | Regulation FD Disclosure. |
The Company from time to time makes presentations at conferences and to analysts, current stockholders, potential investors and others, and has prepared presentation materials that the Company intends to use in this regard, including at the 11th Annual LD Micro Main Event in Bel-Air, California on December 4-6, 2018. A copy of the presentation materials to be used is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
The information contained in this Item 7.01 and in Exhibit 99.2 furnished herewith shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under Section 18 of the Exchange Act, nor shall it be deemed incorporated by reference into any filings made by the Company under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The furnishing of this information will not be deemed an admission as to the materiality of any information contained herein.
| Item 9.01 | Financial Statements and Exhibits |
(d)Exhibits.
R F INDUSTRIES LTD ExhibitEX-99.1 2 tv508425_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Contacts: RF Industries Mark Turfler SVP/CFO (858) 549-6340 rfi@rfindustries.com MKR Group Inc. Todd Kehrli Analyst/Investor Contact (323) 468-2300 rfil@mkr-group.com RF Industries Announces Preliminary Unaudited Year-Over-Year Sales Growth of 117% for the Fiscal Year Ended October 31,…To view the full exhibit click here
About RF INDUSTRIES, LTD. (NASDAQ:RFIL)
RF Industries, Ltd. designs, manufactures and markets interconnect products and systems, including coaxial and specialty cables, and fiber optic cables. The Company’s segments include RF Connector and Cable Assembly, Medical Cabling and Interconnector, and Custom Cabling Manufacturing and Assembly. It operates through five divisions, which include Connector and Cable Assembly Division, which designs, manufactures and distributes coaxial connectors and cable assemblies that are integrated with coaxial connectors; the Bioconnect Division, which manufactures and distributes cabling and interconnect products to the medical monitoring market; Cables Unlimited Division, which operates through Cables Unlimited, Inc., a subsidiary of the Company; Comnet Telecom Supply Division, which operates through Comnet Telecom Supply, Inc., a subsidiary of the Company, and the Rel-Tech Electronics Division, which operates through Rel-Tech Electronics, Inc., a subsidiary of the Company.