Welcome to our dedicated page for Richardson Electronics news (Ticker: RELL), a resource for investors and traders seeking the latest updates and insights on Richardson Electronics stock.
Richardson Electronics Ltd (NASDAQ: RELL) is a distinguished global provider of engineered solutions, power grid and microwave tubes, and related consumables. The company is known for its high-value displays, flat panel solutions, and replacement parts for diagnostic imaging equipment. Richardson Electronics has carved out a significant presence in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets.
The company's strategic focus is on offering specialized technical expertise and engineered solutions grounded in core engineering and manufacturing capabilities. Richardson Electronics enhances value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair, leveraging its robust global infrastructure.
Recent milestones include the installation of over 50,000 units of the patented ULTRA3000® and the announcement of a global agreement with Microwave Components, Inc. This collaboration broadens Richardson Electronics' portfolio with products crucial for RF and microwave applications. Furthermore, the company continues to expand its footprint in the green energy sector through partnerships and innovative solutions targeting wind, solar, hydrogen, and electric vehicles.
Financially, Richardson Electronics derives the majority of its revenue from its Power and Microwave Technologies (PMT) segment. Other notable segments include Canvys, which focuses on high-value display solutions, and Green Energy Solutions (GES), which caters to the growing energy storage and power management markets. The company's stock is traded on the NASDAQ Global Select Market under the ticker symbol RELL.
For more information, visit www.rell.com.
Canvys, a division of Richardson Electronics, has introduced a new 10.1-inch display designed for medical and industrial applications. This monitor features an HD resolution of 1280 x 800 pixels and offers customization options for various requirements. The display is available in true-flat and PCAP touch versions with an anti-glare coating, ensuring usability even with gloves. It has IP 54 splash protection, making it suitable for medical environments. Input options include DVI, display port, and HDMI, with a brightness of 500 cd/m² and a contrast ratio of 800:1.
Richardson Electronics, Ltd. (NASDAQ: RELL) will participate in the International Microwave Symposium (IMS) 2021, both in-person from June 7-10 in Atlanta, Georgia, and virtually from June 20-25. The company will showcase innovative technologies in booth #1310, highlighting its partnerships and product offerings. Greg Peloquin, Executive VP, expressed excitement for the event, noting it as a prime opportunity for customer interaction and product display. The IMS serves as a significant networking platform in the RF and microwave industry.
Richardson Electronics (NASDAQ: RELL) announced an exclusive partnership with Battery Street Energy to manufacture ultracapacitor-based generator start modules. These eco-friendly modules will replace hazardous lead-acid batteries in backup systems and cater to the wireless telecom sector. The ultracapacitors offer advantages such as a wider operating temperature range and up to 18 years of lifespan, significantly reducing downtime during critical power requirements. The modules will be produced at Richardson's facility in Illinois, leveraging BSE's innovative technology.
Richardson Electronics (NASDAQ: RELL) has launched two new cryogenic components from Quantum Microwave: the QMC-CRYOTEE-0010 bias tee and the QMC-CRYOCHOKE-0010 RF choke, designed for frequencies from 3 MHz to 10 GHz. The components boast a low insertion loss of 1dB and operate effectively at temperatures as low as 10 mK, making them suitable for the quantum computing market. The introduction of these products indicates potential growth in this emerging sector, supported by advanced thermal conductivity materials.
Richardson Electronics, Ltd. (NASDAQ: RELL) introduced the FET-Jet calculator, designed by UnitedSiC, to assist engineers in optimizing SiC device selection during power design phases. The tool requires no registration and allows users to explore various application functions, including AC-DC and DC-DC converters. Key outputs include overall efficiency and junction temperature, thereby facilitating informed design decisions. Both Greg Peloquin and Chris Dries emphasize the tool's role in enhancing customer experience with SiC devices, highlighting Richardson’s commitment to innovative solutions in the power conversion market.
Richardson Electronics reported a significant increase in net sales for Q3 FY21, reaching $45.2 million, up 18.3% from the previous year. Key drivers included a 41.7% increase in Healthcare sales, fueled by demand for the ALTA750™ tubes. Gross margin improved to 34.9% due to a favorable product mix. Operating income rose to $0.3 million, with Non-GAAP operating income at $1.9 million. However, operating expenses increased by $2.8 million due to a legal settlement and higher employee costs. A quarterly dividend of $0.06 was declared, reflecting the company's financial health.
Richardson Electronics, Ltd. (NASDAQ: RELL) will release its financial results for Q3 ending February 27, 2021, on April 7, 2021. The release will be available on the company’s website. Following this, a conference call will take place on April 8, 2021, at 9:00 a.m. CDT, featuring Chairman and CEO Edward J. Richardson and CFO Robert J. Ben, who will discuss the results and engage in a Q&A session. The call can be accessed via specific dial-in numbers, with a replay available afterward.
Canvys, a division of Richardson Electronics (NASDAQ: RELL), has launched a new 15.6-inch FHD monitor tailored for industrial and medical applications. The monitor features customizable options, including touch capabilities and a sealed housing for easy cleaning, making it suitable for critical medical environments. Key specifications include a brightness of 500 cd/m², a contrast ratio of 1000:1, and viewing angles of 178 degrees. The display supports DVI, DisplayPort, HDMI, and USB-C inputs. Custom options and certifications are available for various applications.
Richardson Electronics (NASDAQ: RELL) announces the launch of Junkosha’s MWX004 interconnect cables designed for frequencies up to 145 GHz. These cables feature a patented “safety lock” to prevent damage to the center pin and are suited for 5G technology, allowing evaluation of second harmonic spurs. Offering a rapid delivery of 2-3 weeks for custom lengths, these products enhance the company’s Microwave portfolio. With over 60 years in the RF market, Richardson is positioned for growth in the evolving 5G landscape.
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