RF Industries Ltd 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJuly 31, 2025 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number:000-13301 RF INDUSTRIES, LTD.(Exact name of registrant as specified in its charter) Nevada88-0168936(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files.)Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act):Yes☐No☒ The number of shares of the issuer’s Common Stock, par value $0.01 per share, outstanding as of September 11, 2025 was10,667,447. RF INDUSTRIES, LTD. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except share and per share amounts) RF INDUSTRIES, LTD. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except share and per share amounts) RF INDUSTRIES, LTD. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’EQUITY(UNAUDITED)(In thousands, except share amounts) RF INDUSTRIES, LTD. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)(In thousands) RF INDUSTRIES, LTD. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1–Unaudited interim condensed consolidated financial statements Our accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accountingprinciples generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In theopinion of management, all adjustments, which are normal and recurring, and other items of gain (loss) and expense required in our viewunder ASC 270,Interim Reporting, have been included for a fair statement of the financial position. Information included in the condensedconsolidated balance sheet as of October 31, 2024 has been derived from, and certain terms used herein are defined in, the auditedconsolidated financial statements of RF Industries, Ltd. as of October 31, 2024 included in our Annual Report on Form 10-K (the “Form 10-K”) for the year ended October 31, 2024 that was previously filed with the Securities and Exchange Commission (“SEC”). Operating resultsfor the nine months ended July 31, 2025 are not necessarily indicative of the results that may be expected for the year ended October 31, 2025.The unaudited condensed consolidated financial statements should be read in conjunction with the condensed consolidated financialstatements and footnotes thereto included in our Form 10-K. Our accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company willcontinue as a going concern, which contemplates continuity of operations, realization of assets, and satisfaction of liabilities in the ordinarycourse of business. The propriety of using the going-concern basis is dependent upon, among other things, the achievement of futureprofitable operations, the ability to generate sufficient cash from operations and potential other funding sources, in addition to cash on-handalong with the current credit facility with Eclipse Business Capital (“EBC”) to meet its obligations as they become due. For the three and nine months ended July 31, 2025, we generated operating income of $719,000and $882,000, respectively,compared to an operating loss of $419,000and $2,919,000for the same periods last year. Th