RF Industries, Ltd.

Greetings. Welcome to the RF Industries Third Quarter Fiscal 2026 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now like to turn the conference over to your host, Donnie Case, Investor Relations for RF Industries. You may begin.

Thank you, Holly, and good morning, everyone. Joining me today are Rob Dawson, Chief Executive Officer, Ray Bibisi, President and Chief Operating Officer, and Peter Yin, Senior Vice President and Chief Financial Officer. Before we begin, please note that today's discussion contains forward-looking statements under federal securities laws. Forward-looking statements are identified by the words such as will, be, intend, believe, expect, anticipate, or other comparable words and phrases. Actual results may differ materially due to risk and uncertainties described in RF Industries' filings with the FCC, including reports on Form 10-K and 10-Q. The company undertakes no obligation to update forward-looking statements except as required by law. During the call, management will also discuss certain non-GAAP financial measures, including adjusted EBITDA, non-GAAP net income, and non-GAAP earnings per share. Reconciliations to the most direct comparable GAAP measures are included in today's earnings release, as well as the company's SEC filings. And with that, I'll turn the call over to Rob.

Thank you, Donnie. Good morning, everyone. I'm on the East Coast today, so I appreciate you tuning in for something a little different with us. Morning call today, so good morning. As I said several times over the years, we like to communicate exactly what we're going to do as part of our long-term strategy, and then we execute. Fiscal year 2026 is unfolding as we anticipated and communicated to you. Our third quarter results continue to demonstrate the earnings power we've been building across RF Industries. We delivered record high quarterly revenue of $24 million, up 21% year over year and 16% sequentially. We don't spend a lot of time talking about records while we're working hard on the business, but I think this deserves some acknowledgement. $24 million in sales is a new high watermark for RFI. And of course, our goal now is to break that record. Great work by the team. With quarterly revenue above $20 million and increasing, our results are benefiting from the operating leverage we have long discussed. driving increased margins and allowing more dollars to flow through to the bottom line and producing significantly stronger profitability across the income statement. In Q3, we delivered profits that in many cases set a new standard for RFI performance. Operating income was $1.8 million. Non-GAAP net income was $2.2 million, or 19 cents per diluted share, and adjusted EBITDA was $2.7 million, or 11.1% of sales, above our 10% goal. combined with a gross profit margin of 35.6%, exceeding our 30% gross margin objective in six of the last seven quarters. We believe these results reinforce that our transition toward higher value solutions is creating a stronger, more profitable business. This is especially evident as our higher value integrated systems and custom cabling solutions continue to gain traction. These offerings carry more engineering content, address larger project scopes, and deepen our customer relationships. And in the third quarter, they made a significant contribution to our results. While our business mix can vary each quarter based on shipments and pipeline conversion, we believe the underlying strength and growing diversity in our business will carry forward. As customers increasingly seek fewer, more capable partners, we have expanded our offering to deliver turnkey solutions that span design, product fulfillment and site installation management. Ray will discuss this in more detail and share some of the behind-the-scenes execution that continues to strengthen our value proposition and business opportunities. Our strategy to diversify RFIs and markets and customer base is working. Today, our solutions support applications across aerospace, edge data centers, AI infrastructure, industrial manufacturing, medical imaging, transportation, and public safety, many of which are rapidly growing markets. Our business platform is now broader, more resilient, and has multiple avenues for growth. In closing, we're very excited about the future. Going forward, we remain focused on disciplined execution, serving our customers, and building durable, long-term value for shareholders. As I mentioned on our Q2 call, we expected a strong second half, and with one quarter to go, we're on target to achieve exactly that. With what we know today, we expect sales in our current fiscal fourth quarter to be roughly the same or above our Q3 sales level. I want to thank the entire RF Industries team for their continued hard work and commitment. And as always, we appreciate the trust and partnership of our customers and the support of our shareholders. Now I'll turn the call over to Ray to expand on our operational and go-to-market progress.