RCM Technologies Q2 2021 Earnings Report
Key Takeaways
RCM Technologies reported a substantial increase in revenue and profitability for the second quarter of 2021. Revenue increased by 49.9% compared to the same period last year, and the company achieved GAAP net income of $1.3 million, a significant improvement from the net loss in the prior year period. The company is optimistic about continuing this growth trajectory.
Revenue increased by 49.9% compared to the same period last year.
GAAP operating income was $1.9 million, compared to a GAAP operating loss of $1.2 million in the prior year period.
GAAP net income was $1.3 million, or $0.11 per diluted share, compared to a GAAP net loss of $1.0 million, or ($0.08) per diluted share, in the prior year period.
Cash flow from operations was $15.3 million, enabling investments in attractive end markets.
RCM Technologies
RCM Technologies
RCM Technologies Revenue by Segment
Forward Guidance
RCM Technologies anticipates the momentum from the second quarter of 2021 to continue into the second half of the fiscal year. The company is focused on sustaining its growth trajectory.
Revenue & Expenses
Visualization of income flow from segment revenue to net income