Filing Flows › Richardson Electronics (RELL) › Q3 FY25
Richardson Electronics (RELL) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 10, 2025
Richardson Electronics (RELL) reported revenue of $53.8M for the third quarter fiscal 2025 (Q3 FY25), +3% from a year earlier and +9% from the quarter before. Operating margin was -5.1%, net loss $2.1M (3.8% of revenue).
Richardson Electronics, Q3 FY25: revenue $53.8M (+3% year over year), operating margin -5.1%, net loss $2.1M, operating cash flow $4.6M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.8M | +9% | +3% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | $4.6M | -16% | — |
| Free cash flow | $4.1M | -18% | — |
What changed
Revenue was $53.8M in Q3 FY25, up 3% year over year and up 9% from the previous quarter. Power and Microwave Technologies Group was the largest line at 62% of revenue. Canvys added $2.6M year over year (up 40%), 182% of the total change. Healthcare Segment declined 32%.
Gross margin was 31.0%, up 1.5 points from a year earlier. Operating costs exceeded revenue by $2.7M, an operating margin of -5.1%. Operating expenses grew 35% against revenue growth of 3%. The quarter ended with a net loss of $2.1M, wider than the previous quarter's $751K loss.
Operating cash flow was $4.6M. Non-cash charges added back $1.0M of depreciation and amortization and $320K of share-based compensation. Working capital and other items added $5.4M. Capital expenditures of $549K left free cash flow of $4.1M.
Questions
What was Richardson Electronics' revenue in the third quarter fiscal 2025?
Richardson Electronics (RELL) reported revenue of $53.8M for the third quarter fiscal 2025 (Q3 FY25), +3% from a year earlier and +9% from the quarter before.
Was Richardson Electronics profitable in the third quarter fiscal 2025?
Operating loss was $2.7M (-5.1% of revenue) and net loss $2.1M.