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Oct 01, 2022
RCM Technologies Q3 2022 Earnings Report
RCM Technologies announced third quarter results, with revenue increasing by 27.9% compared to the prior-year period.
Key Takeaways
RCM Technologies reported a strong third quarter with a 27.9% increase in revenue compared to the same period last year. The company experienced growth in gross profit, operating income, and net income. Adjusted EBITDA also saw significant growth, driven by EBITDA-driven growth initiatives.
Revenue increased by 27.9% to $58.2 million compared to the prior-year period.
Gross profit increased by 42.1% to $17.4 million compared to the prior-year period.
GAAP operating income was $4.8 million compared to $3.7 million for the comparable prior-year period.
GAAP net income was $3.5 million, or $0.33 per diluted share, compared to $2.8 million, or $0.24 per diluted share, for the comparable prior-year period.
RCM Technologies
RCM Technologies
RCM Technologies Revenue by Segment
Revenue by Segment
Specialty Health Care Revenue
CapyFin.comEngineering Revenue
CapyFin.com Forward Guidance
RCM Technologies will host a conference call on November 10, 2022, to discuss these results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income