RCM Technologies Q2 2020 Earnings Report

RCM Technologies reported revenue of $32.7 million, a 35.6% decrease compared to the prior year period.

The company experienced a GAAP operating loss of $1.2 million, compared to GAAP operating income of $2.2 million in the prior year period.

A GAAP net loss of $1.0 million, or $0.08 per diluted share, was reported, compared to GAAP net income of $1.3 million, or $0.10 per diluted share, in the prior year period.

Net debt was reduced by 51% in thirteen weeks, from $32.1 million to $15.7 million.