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Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications, including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology. This segment also provides thyratrons and rectifiers, power tubes, ignitrons, magnetrons, phototubes, microwave generators, ultracapacitor modules, and liquid crystal display monitors under the Amperex, Cetron, and National brands. Its Green Energy Solutions segment operates as a designer, manufacturer, technology partner, and distributor of products for green energy applications, such as wind, solar, hydrogen, and electric vehicles; and other power management applications that support green solutions comprising synthetic diamond manufacturing. The company's Canvys segment provides custom display solutions consisting of touch screens, protective panels, custom enclosures, all-in-one computers, specialized cabinet finishes and application-specific software packages, and certification. Its Healthcare segment offers diagnostic imaging replacement parts for CT and MRI systems, replacement CT and MRI tubes, CT service training, MRI and RF amplifiers, hydrogen thyratrons, klystrons, flat panel detector upgrades, pre-owned CT systems, and replacement solutions for the healthcare market. The company serves energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company was founded in 1947 and is headquartered in LaFox, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $209M | $7M | $-1M | $8M | -0.7% | 6.3% | -1973.8% |
| 2024 | $196M | $5M | $0M | $2M | 0.0% | -25.2% | -99.7% |
| 2023 | $263M | $29M | $22M | $-16M | 14.0% | 16.9% | 24.6% |
| 2022 | $225M | $19M | $18M | $-1M | 13.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 224.62 | 262.66 | 196.46 | 208.91 |
| Cost Of Revenue | 152.92 | 178.97 | 136.49 | 144.11 |
| Gross Profit | 71.70 | 83.69 | 59.97 | 64.80 |
| Operating Expense | 55.72 | 58.71 | 59.55 | 62.17 |
| Operating Income | 15.98 | 24.98 | 0.42 | 2.63 |
| EBITDA | 19.40 | 28.65 | 4.72 | 6.63 |
| EBIT | 15.98 | 24.98 | 0.42 | 2.63 |
| Pretax Income | 15.76 | 25.03 | 0.16 | -1.53 |
| Tax Provision | -2.17 | 2.70 | 0.10 | -0.39 |
| Net Income | 17.93 | 22.33 | 0.06 | -1.14 |
| Net Income Common Stockholders | 17.93 | 19.01 | -3.31 | -4.55 |
| Total Expenses | 208.64 | 237.68 | 196.04 | 206.28 |
| Interest Income | 0.08 | 0.29 | 0.28 | 0.39 |
| Selling General And Administration | 55.72 | 58.71 | 59.55 | 62.17 |
| Normalized EBITDA | 19.61 | 28.92 | 5.23 | 11.22 |
| Normalized Income | 18.11 | 22.57 | 0.46 | 2.29 |
| Basic EPS | 1.35 | 1.62 | 0 | 0 |
| Diluted EPS | 1.31 | 1.55 | 0 | 0 |
| Tax Effect Of Unusual Items | -0.03 | -0.03 | -0.11 | -1.16 |
| Tax Rate For Calcs | 0.14 | 0.11 | 0.21 | 0.25 |
| Total Unusual Items | -0.21 | -0.27 | -0.51 | -4.59 |
| Total Unusual Items Excluding Goodwill | -0.21 | -0.27 | -0.51 | -4.59 |
| Net Income From Continuing Operation Net Minority Interest | 17.93 | 22.33 | 0.06 | -1.14 |
| Reconciled Depreciation | 3.42 | 3.67 | 4.31 | 4 |
| Reconciled Cost Of Revenue | 152.92 | 178.97 | 136.49 | 144.11 |
| Net Interest Income | 0.08 | 0.29 | 0.28 | 0.39 |
| Net Income From Continuing And Discontinued Operation | 17.93 | 22.33 | 0.06 | -1.14 |
| Total Operating Income As Reported | 15.96 | 24.98 | 0.35 | -2.46 |
| Diluted Average Shares | 13.90 | 14.59 | 14.52 | 0 |
| Basic Average Shares | 13.47 | 13.99 | 14.27 | 0 |
| Diluted NI Availto Com Stockholders | 17.93 | 19.01 | -3.31 | -4.55 |
| Otherunder Preferred Stock Dividend | 0 | 3.32 | 3.38 | 3.41 |
| Net Income Including Noncontrolling Interests | 17.93 | 22.33 | 0.06 | -1.14 |
| Net Income Continuous Operations | 17.93 | 22.33 | 0.06 | -1.14 |
| Other Income Expense | -0.22 | -0.24 | -0.55 | -4.55 |
| Other Non Operating Income Expenses | -0.01 | 0.03 | -0.04 | 0.04 |
| Special Income Charges | -0.02 | 0.01 | -0.07 | -5.09 |
| Gain On Sale Of Ppe | -0.02 | 0.01 | -0.07 | -5.09 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | -0.19 | -0.28 | -0.44 | 0.50 |
| Net Non Operating Interest Income Expense | 0.08 | 0.29 | 0.28 | 0.39 |
| Interest Income Non Operating | 0.08 | 0.29 | 0.28 | 0.39 |
| Operating Revenue | 224.62 | 262.66 | 196.46 | 208.91 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Richardson Electronics, Ltd.this co. | RELL | $200M | 50.93↑ premium | 1.25 | -0.7% | 29.40 |
| Nerdy Inc. | NRDY | $218M | - | 5.75 | -138.0% | -1.79 |
| Kaltura, Inc. | KLTR | $211M | - | 33.02 | -190.7% | 236.12 |
| MicroVision, Inc. | MVIS | $208M | - | 3.52 | -171.0% | -2.34 |
| eGain Corporation | EGAN | $201M |
| 5.79 |
| 2.27 |
| 40.0% |
| 14.32 |
| Vuzix Corporation | VUZI | $198M | - | 7.83 | -93.1% | -6.39 |
| Immersion Corporation | IMMR | $194M | 10.12 | 0.63 | 11.5% | 6.19 |
| Information Services Group, Inc. | III | $193M | 21.26 | 2.04 | 9.9% | 10.50 |
| Unisys Corporation | UIS | $189M | - | -0.66 | 126.6% | 5.11 |
| Peer Median | - | 10.12 | 2.89 | -41.6% | 5.65 | |