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RCM Technologies Inc (symbol: RCMT) is a distinguished provider of business and technology solutions aimed at enhancing and maximizing the operational performance of its clients. The company’s operations span several key segments: Engineering, Life Sciences and Information Technology, and Specialty Health Care Services. Established in 1971, RCM Technologies has built a solid reputation through its extensive experience and successful project execution across diverse industries such as aerospace/defense, energy, financial services, manufacturing, and the public sector.
Engineering Services within RCM offer an extensive suite of engineering and design solutions, focusing on three verticals: Energy Services, Process & Industrial, and Aerospace. The Life Sciences and Information Technology division provides critical IT and life sciences services, ensuring clients stay at the forefront of innovation and regulatory compliance. The Specialty Health Care Services segment, which generates the majority of the company’s revenue, is dedicated to staffing health care professionals, including health information management experts, nurses, and physicians.
RCM Technologies maintains a strong geographic presence across North America and Europe, with notable business alliances and partnerships with leading technology companies. This global footprint and strategic partnerships enable RCM to deliver top-tier services and create sustainable value for its clients. The company continuously evolves its service offerings by integrating complementary technologies and business processes, ensuring comprehensive, single-source solutions with various delivery options.
Recent developments include RCM Technologies' partnership with TransnetBW to modernize the transmission grid in Europe, showcasing RCM’s commitment to critical infrastructure projects. Financially, the company has reported robust results, reflecting its expertise and strategic growth initiatives.
Clients seeking to leverage technology for optimized business performance, attract new opportunities, and drive market share can trust RCM Technologies for innovative and reliable solutions.
RCM Technologies (NasdaqGM: RCMT) reported strong financial results for Q4 and FY 2022, achieving revenue of $70.2 million for the quarter, up 8.2% year-over-year, and $284.7 million for the year, reflecting a 39.6% increase. Gross profit rose to $20.5 million in Q4, a 15.0% increase, while annual gross profit hit $82.9 million, up 56.1%. Despite a decrease in GAAP net income to $4.8 million or $0.48 per diluted share for Q4, adjusted EBITDA grew to $7.0 million for the quarter and $29.5 million for the year. The company generated over $28 million in cash flow from operations in 2022, indicating strong operational performance.
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