RF Industries (NASDAQ: RFIL) has announced over $4 million in new orders from multiple customers in the North American wireless carrier ecosystem. These orders include OptiFlex hybrid fiber, small cell solutions, and a $2.7 million long-term project for DAC Thermal Cooling solutions. The company’s backlog as of July 31, stands at approximately $20.7 million, a 15 percent increase from $18.0 million at the end of the fiscal second quarter. RFI expects third quarter fiscal sales to have increased sequentially compared to the second fiscal quarter.
CEO Robert Dawson highlighted the company’s expanding value proposition in the wireless market and the cost-effectiveness of their technology-forward solutions. He emphasized the potential of their DAC thermal cooling systems, which he said can reduce electricity consumption by up to 75 percent compared to traditional HVAC systems.
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