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Apr 03, 2021
RCM Technologies Q1 2021 Earnings Report
RCM Technologies reported a decrease in revenue but an increase in net income and operating income compared to the same period last year.
Key Takeaways
RCM Technologies reported a slight decrease in revenue but a significant improvement in profitability with increased operating and net income. The company's focus on internal improvements has started to yield positive results.
Revenue decreased slightly by 1.1% year-over-year to $44.5 million.
GAAP operating income improved to $1.4 million compared to a $7.8 million loss in the prior year period.
GAAP net income was $1.0 million, or $0.08 per diluted share, compared to a $5.9 million loss, or ($0.45) per diluted share, in the prior year period.
Adjusted EBITDA (non-GAAP) increased to $1.8 million from $0.6 million in the prior year period, driven by a decrease in SGA expense.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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