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Dec 30, 2023
RCM Technologies Q4 2023 Earnings Report
RCM Technologies reported an increase in revenue and gross profit compared to the same quarter last year.
Key Takeaways
RCM Technologies reported a revenue increase of 1.1% and a gross profit increase of 5.7% for the quarter ended December 30, 2023. The company's GAAP operating income and net income also increased compared to the same period last year. Adjusted EBITDA also increased.
RCM Technologies reported a 1.1% increase in revenue for the quarter, reaching $71.0 million.
Gross profit increased by 5.7% to $21.6 million for the quarter.
GAAP operating income increased to $7.9 million compared to $6.8 million in the prior year quarter.
Adjusted EBITDA grew by 18.5% to $8.9 million.
Revenue by Segment
Forward Guidance
Company is confident in achieving its goal of $20 million in cash flow from operations in fiscal 2024.
Positive Outlook
- Improved cash collections in the first quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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