Richardson Electronics, Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended December 02, 2023
January 10, 2024 at 04:15 pm EST
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Richardson Electronics, Ltd. reported earnings results for the second quarter and six months ended December 02, 2023. For the second quarter, the company reported sales was USD 44.13 million compared to USD 65.91 million a year ago. Net loss was USD 1.8 million compared to net income of USD 5.55 million a year ago.
For the six months, sales was USD 96.71 million compared to USD 133.46 million a year ago. Net loss was USD 0.57 million compared to net income of USD 11.87 million a year ago.
Richardson Electronics, Ltd. is a manufacturer of engineered solutions, power grid and microwave tubes and related consumables; power conversion and radio frequency and microwave components; high-value replacement parts, tubes and service training for diagnostic imaging equipment, and customized display solutions. The Company's segments include Power and Microwave Technologies, Green Energy Solutions, Canvys and Healthcare. Healthcare segment manufactures, repairs, refurbishes and distributes high value replacement parts and equipment for the healthcare market, including hospitals, medical centers, asset management companies and others. The Canvys segment provides customized display solutions serving the corporate enterprise, financial, healthcare, industrial and medical original equipment manufacturers markets. Its products include electron tubes and related components, microwave generators, subsystems used in semiconductor manufacturing and visual technology solutions.
RICHARDSON ELECTRONICS, LTD. 
