NASDAQ$RCMT

RCM Technologies Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

RCM Technologies reported an increase in revenue and gross profit, but a decrease in GAAP operating income and net income for the fourth quarter of 2022.

RCM Technologies reported an 8.2% increase in revenue for the thirteen weeks ended December 31, 2022, with revenue reaching $70.2 million. Gross profit increased by 15.0% to $20.5 million. However, GAAP operating income decreased to $6.8 million, and GAAP net income decreased to $4.8 million, or $0.48 per diluted share.

  • Revenue increased by 8.2% compared to the prior-year period, reaching $70.2 million.
  • Gross profit increased by 15.0% compared to the prior-year period, reaching $20.5 million.
  • GAAP operating income decreased to $6.8 million compared to $7.1 million for the comparable prior-year period.
  • GAAP net income decreased to $4.8 million, or $0.48 per diluted share, compared to $6.0 million, or $0.52 per diluted share, for the comparable prior-year period.

Headline financials

Total Revenue

$70.2M

Previous: $64.9M+8.2%
EPS (adj)

$0.47

Previous: $0.34+38.2%
Capital Expenditures

$217K

Previous: $460K-52.8%
Free Cash Flow

$7.33M

Previous: $24.7M-70.4%
Net Income

$4.84M

Previous: -$1.69M+386.6%
Operating Income

$6.81M

Previous: -$1.85M+468.3%
Gross Profit

$20.5M

Previous: $10.7M+91.5%
Cash & Equivalents

$339K

Previous: $734K-53.8%
Total Assets

$88M

Previous: $68.3M+28.7%
Stock-Based Comp

$452K

Previous: $1.11M-59.2%

Revenue & EPS history

RCM Technologies · Revenue · Quarterly

$70.2M

Q4 2022+8.2%vs Q4 2021
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Revenue by segment

RCM Technologies · $60M total across 2 segments · Q4 2022

  • Specialty Healthcare
    $35.8M
  • Engineering
    $24.2M

Forward guidance

RCM Technologies will host a conference call on March 16, 2023, to discuss these results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-0.2%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+6.3%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+48.2%

Q1 2022

Best reaction

-25.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+4.3%+10.5%
Q1 2026-0.6%-23.2%-11.8%
Q3 2025-9.3%-13.0%-9.6%
Q2 2025-4.6%+1.1%+14.9%
Q1 2025+0.8%-1.0%-2.1%
Q4 2024-13.5%-10.2%-10.9%
Q3 2024+5.2%+13.5%+5.1%
Q2 2024+6.1%+2.1%+4.6%
Q1 2024+8.8%+12.8%+2.7%
Q4 2023-25.0%-23.5%-32.4%
Q3 2023+14.7%+31.0%+41.7%
Q2 2023-12.3%+3.2%-1.5%
Q1 2023+5.1%+15.2%+39.2%
Q4 2022+0.3%-4.5%-6.3%
Q3 2022-12.3%-19.4%-28.2%
Q2 2022-16.3%-3.2%-6.0%
Q1 2022+48.2%+59.2%+106.2%
Q4 2021+11.9%+42.9%+98.4%
Q3 2021-0.8%+11.6%+30.1%
Q2 2021-3.8%-5.6%+35.7%
Q1 2021+0.6%+3.5%+9.8%
Q3 2020+3.7%+0.7%+22.2%
Q2 2020+2.5%+8.7%-11.3%
Q1 2020-17.9%-23.7%+18.4%
Q4 2019+5.1%+2.6%-47.1%
Q3 2019-4.4%-3.9%-12.7%
Q2 2019+8.1%+1.9%+8.4%
Q1 2019+0.0%-0.8%-14.7%
Q4 2018-8.7%-14.0%-6.2%
Q3 2018-2.1%-6.1%-12.0%
Q2 2018+1.3%+1.1%+0.0%
Q1 2018+0.2%+2.6%+3.0%
Q4 2017-2.8%-3.4%-7.7%
Q3 2017+7.7%+16.0%+16.2%
Q2 2017-1.5%+2.3%-0.4%
Q1 2017-0.6%+3.7%+13.1%
Q4 2016-4.7%-10.2%-17.9%
Q3 2016-10.7%-11.3%+5.3%
Q2 2016-0.9%-3.2%+2.8%
Q1 2016+0.6%
Q4 2015-5.6%
Q3 2015-1.1%
Q2 2015-8.2%
Q1 2015-5.3%
Q4 2014+8.1%
Q3 2014+6.3%
Q2 2014+6.7%
Q1 2014-0.5%
Q4 2013+0.6%
Q3 2013-2.9%
Q2 2013-0.9%
Q1 2013+4.6%
Q4 2012-0.9%
Q3 2012+0.9%
Q2 2012+2.0%
Q1 2012-2.5%
Q4 2011-0.2%
Q3 2011+0.2%
Q3 2010+0.2%
Q2 2011-1.0%
Q2 2010-1.0%
Q1 2011-2.1%
Q4 2010+6.5%
Q1 2010+5.1%
Q4 2009-1.8%

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