Business Description
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.
Business History
Price Overview
Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): -0.09
Total Equity: $156.66M
Shares: 12,298,000
Total Debt: $0.00
Cash: $35.90M
EBITDA: $6.63M
Total Debt: $0.00
Cash: $35.90M
Revenue: $208.91M
Shares: 12,298,000
Revenue: $208.91M
Revenue: $208.91M
Revenue: $208.91M
Total Equity: $156.66M
Tax Rate: 25.3%
Equity: $156.66M
Total Debt: $0.00
Cash: $35.90M
Current Liabilities: $36.79M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $156.66M
Shares: 12,298,000
Shares: 12,298,000
CapEx: -$2.81M
Shares: 12,298,000
Stock Price: $16.61
Net Income: -$1.14M
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Income Statement (Annual)
Last updated: Jul 2, 2026 3:29pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $176.9M | $224.6M | $262.7M | $196.5M | $208.9M |
| Cost of Revenue | $118.1M | $152.9M | $179.0M | $140.8M | $144.1M |
| Gross Profit | $58.8M | $71.7M | $83.7M | $55.7M | $64.8M |
| Operating Expenses | $55.9M | $55.7M | $58.7M | $55.2M | $67.3M |
| Operating Income | $2.9M | $16.0M | $25.0M | $418,000 | -$2.5M |
| Net Income | $1.7M | $17.9M | $22.3M | $61,000 | -$1.1M |
| EBITDA | $5.7M | $19.2M | $28.7M | $4.5M | $6.6M |
| EPS | $0.13 | $1.35 | $1.38 | $0.00 | $-0.09 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 2, 2026 3:29pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $43.3M | $35.5M | $25.0M | $24.3M | $35.9M |
| Total Current Assets | $134.3M | $153.2M | $168.1M | $161.7M | $165.9M |
| Total Assets | $156.8M | $179.8M | $198.0M | $192.4M | $195.8M |
| Current Liabilities | $32.2M | $41.2M | $36.6M | $32.0M | $36.8M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $35.2M | $44.0M | $38.7M | $34.5M | $39.2M |
| Total Equity | $121.6M | $135.8M | $159.3M | $158.0M | $156.7M |
| Retained Earnings | $53.3M | $68.0M | $87.0M | $83.7M | $79.3M |
Cash Flow (Annual)
Last updated: Jul 2, 2026 3:29pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $832,000 | $1.9M | -$8.2M | $6.5M | $10.6M |
| Capital Expenditure | -$2.6M | -$3.1M | -$7.4M | -$4.0M | -$2.8M |
| Free Cash Flow | -$1.8M | -$1.2M | -$15.6M | $2.5M | $7.7M |
| Acquisitions (net) | $2.6M | $0 | $194,000 | $0 | $6.8M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $12.8M | -$7.8M | -$10.5M | $-718,000 | $11.6M |
Analyst Estimates (Annual)
Last updated: Jul 2, 2026 3:29pm (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$210.9M $209.5M – $212.2M
|
$217.8M $217.4M – $218.1M
|
$235.0M $235.0M – $235.0M
|
$254.7M $254.7M – $254.7M
|
| EBITDA |
$11.9M $11.8M – $12.0M
|
$12.3M $12.2M – $12.3M
|
$13.2M $13.2M – $13.2M
|
$14.3M $14.3M – $14.3M
|
| Net Income |
-$1.3M -$1.3M – -$1.2M
|
$3.1M $3.0M – $3.1M
|
$4.8M $4.8M – $4.8M
|
$7.4M $7.4M – $7.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 2, 2026 3:29pm (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +26.9% | +16.9% | -25.2% | +6.3% |
| Gross Profit Growth | +21.9% | +16.7% | -33.5% | +16.4% |
| Operating Income Growth | +450.9% | +56.4% | -98.3% | -689.2% |
| Net Income Growth | +983.2% | +24.6% | -99.7% | -1,973.8% |
| EBITDA Growth | +234.6% | +49.6% | -84.4% | +48.5% |
Insider Trading (Recent)
All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-20 | MCNALLY KATHLEEN | M-Exempt | 4,800.00 | $7.66 | $36,768 |
| 2026-05-20 | MCNALLY KATHLEEN | M-Exempt | 1,836.00 | $4.26 | $7,821 |
| 2026-05-20 | MCNALLY KATHLEEN | S-Sale | 6,636.00 | $16.85 | $111,834 |
| 2026-05-20 | MCNALLY KATHLEEN | M-Exempt | 4,800.00 | $7.66 | $36,768 |
| 2026-05-20 | MCNALLY KATHLEEN | M-Exempt | 1,836.00 | $4.26 | $7,821 |
| 2026-05-05 | Halverson Kenneth | M-Exempt | 5,000.00 | $7.66 | $38,300 |
| 2026-05-05 | Halverson Kenneth | M-Exempt | 5,000.00 | $9.10 | $45,500 |
| 2026-05-05 | Halverson Kenneth | S-Sale | 10,000.00 | $14.69 | $146,942 |
| 2026-05-05 | Halverson Kenneth | M-Exempt | 5,000.00 | $9.10 | $45,500 |
| 2026-05-05 | Halverson Kenneth | M-Exempt | 5,000.00 | $7.66 | $38,300 |
| 2026-02-19 | Ben Robert J | S-Sale | 4,000.00 | $12.99 | $51,948 |
| 2026-02-12 | Halverson Kenneth | M-Exempt | 5,000.00 | $4.26 | $21,300 |
| 2026-02-12 | Halverson Kenneth | M-Exempt | 5,000.00 | $5.61 | $28,050 |
| 2026-02-12 | Halverson Kenneth | S-Sale | 10,000.00 | $13.09 | $130,850 |
| 2026-02-12 | Halverson Kenneth | M-Exempt | 5,000.00 | $4.26 | $21,300 |
| 2026-02-12 | Halverson Kenneth | M-Exempt | 5,000.00 | $5.61 | $28,050 |
| 2026-02-04 | Ben Robert J | S-Sale | 4,969.00 | $11.90 | $59,131 |
| 2026-02-04 | Ben Robert J | S-Sale | 31.00 | $12.00 | $372 |
| 2026-02-02 | Diddell Wendy | G-Gift | 400.00 | $0.00 | $0 |
| 2026-02-04 | Diddell Wendy | G-Gift | 200.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jul 2, 2026 3:29pm (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-08 | $0.06 | 2026-04-07 | 2026-05-08 | 2026-05-27 |
| 2026-02-06 | $0.06 | 2026-01-06 | 2026-02-06 | 2026-02-25 |
| 2025-11-07 | $0.06 | 2025-10-07 | 2025-11-07 | 2025-11-26 |
| 2025-08-08 | $0.06 | 2025-07-22 | 2025-08-08 | 2025-08-27 |
| 2025-05-09 | $0.06 | 2025-04-09 | 2025-05-09 | 2025-05-28 |
| 2025-02-07 | $0.06 | 2025-01-07 | 2025-02-07 | 2025-02-26 |
| 2024-11-08 | $0.06 | 2024-10-08 | 2024-11-08 | 2024-11-27 |
| 2024-08-09 | $0.06 | 2024-07-24 | 2024-08-09 | 2024-08-28 |
| 2024-05-09 | $0.06 | 2024-04-09 | 2024-05-10 | 2024-05-29 |
| 2024-02-08 | $0.06 | 2024-01-10 | 2024-02-09 | 2024-02-28 |
| 2023-11-09 | $0.06 | 2023-10-11 | 2023-11-10 | 2023-11-29 |
| 2023-08-03 | $0.06 | 2023-07-19 | 2023-08-04 | 2023-08-23 |
| 2023-05-04 | $0.06 | 2023-04-05 | 2023-05-05 | 2023-05-24 |
| 2023-02-02 | $0.06 | 2023-01-04 | 2023-02-03 | 2023-02-22 |
| 2022-11-03 | $0.06 | 2022-10-05 | 2022-11-04 | 2022-11-23 |
| 2022-08-04 | $0.06 | 2022-07-20 | 2022-08-05 | 2022-08-24 |
| 2022-05-05 | $0.06 | 2022-04-06 | 2022-05-06 | 2022-05-25 |
| 2022-02-03 | $0.06 | 2022-01-04 | 2022-02-04 | 2022-02-23 |
| 2021-11-04 | $0.06 | 2021-10-06 | 2021-11-05 | 2021-11-24 |
| 2021-08-05 | $0.06 | 2021-07-21 | 2021-08-06 | 2021-08-25 |
Narrative Economics
market-narrative step).