San Diego Electronics component maker RF Industries Ltd. closed out its 2017 fiscal year in October with $382,000 of net income, transitioning from a year with a $4.1 million net loss. The Miramar-area business reported net sales of $31 million for fiscal 2017 and $30.2 million in fiscal 2016.
For the fourth quarter, the business reported net income of $305,000 on net sales of $8.9 million. The fourth quarter of fiscal 2016 brought a net loss of $3 million on net sales of $8.1 million.
RF Industries (Nasdaq: RFIL) estimates that it works in a $59 billion market, producing RF connectors, coaxial cables, wire harnesses, fiber optic cables, custom cabling and data center equipment.