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Richardson Electronics (RELL)

Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; high value displays, flat panel solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. It serves customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific and semiconductor markets. The Company's strategy is to provide specialized technical expertise and 'engineered solutions' based on its core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure.

Company profile

Ticker
RELL
Exchange
Website
CEO
Edward J. Richardson
Employees
Incorporated
Location
Fiscal year end
Former names
RICHARDSON ELECTRONICS LTD/DE
SEC CIK
Subsidiaries
Richardson Electronics Pty Limited • Richardson Electronics do Brasil Ltda. • Richardson Electronics Canada, Ltd. • Richardson Electronics Trading (China) Co., Ltd. • Richardson Electronique SAS • Richardson Electronics GmbH • Richardson Electronics Hong Kong Limited • Richardson Electronics India Private Limited • Aviv-Richardson Ltd. • Richardson Electronics S.r.l. ...
IRS number
362096643

RELL stock data

Calendar

7 Apr 22
20 May 22
28 May 22
Quarter (USD) Feb 22 Nov 21 Aug 21 May 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) May 21 May 20 May 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 39.15M 39.15M 39.15M 39.15M 39.15M 39.15M
Cash burn (monthly) 172.67K (no burn) (no burn) (no burn) 404.67K 374.33K
Cash used (since last report) 487.85K n/a n/a n/a 1.14M 1.06M
Cash remaining 38.66M n/a n/a n/a 38M 38.09M
Runway (months of cash) 223.9 n/a n/a n/a 93.9 101.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 May 22 Belin Jacques Common Stock Sell Dispose S No No 13.8521 15,000 207.78K 0
17 May 22 Belin Jacques Common Stock Option exercise Acquire M No No 11.14 15,000 167.1K 15,000
17 May 22 Belin Jacques Employee Stock Option Common stock Option exercise Dispose M No No 11.14 15,000 167.1K 10,000
18 Jan 22 Richardson Edward J Common Stock Gift Dispose G No No 0 25,000 0 52,501
14 Jan 22 Richardson Edward J Common Stock Gift Dispose G No No 0 12,500 0 77,501
11 Jan 22 Ben Robert J Common Stock Sell Dispose S No No 15.08 5,000 75.4K 42,662
11 Jan 22 Ben Robert J Common Stock Option exercise Acquire M No No 4.26 1,500 6.39K 47,662
11 Jan 22 Ben Robert J Common Stock Option exercise Acquire M No No 5.61 1,500 8.42K 46,162
11 Jan 22 Ben Robert J Common Stock Option exercise Acquire M No No 6.9 2,000 13.8K 44,662
11 Jan 22 Ben Robert J Employee Stock Option Common Stock Option exercise Dispose M No No 4.26 1,500 6.39K 6,000
60.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 46 37 +24.3%
Opened positions 10 3 +233.3%
Closed positions 1 3 -66.7%
Increased positions 11 10 +10.0%
Reduced positions 13 15 -13.3%
13F shares Current Prev Q Change
Total value 80.28M 60.41M +32.9%
Total shares 7.05M 6.72M +4.9%
Total puts 13.9K 33.8K -58.9%
Total calls 91.6K 66.6K +37.5%
Total put/call ratio 0.2 0.5 -70.1%
Largest owners Shares Value Change
BML Investment Partners 1.07M $9.26M 0.0%
Royce & Associates 1.03M $13.9M 0.0%
Dimensional Fund Advisors 860.75K $11.64M +0.9%
Renaissance Technologies 825.97K $11.17M -3.8%
Chain of Lakes Investment Fund 735.59K $0 0.0%
Vanguard 467.75K $6.32M -1.5%
BLK Blackrock 267.4K $3.62M -1.8%
Hillsdale Investment Management 228.51K $3.09M +121.5%
Mutual Of America Capital Management 223.7K $3.02M -34.9%
First Wilshire Securities Management 177.18K $2.4M -0.1%
Largest transactions Shares Bought/sold Change
EAM Investors 131.74K +131.74K NEW
Hillsdale Investment Management 228.51K +125.37K +121.5%
Mutual Of America Capital Management 223.7K -119.67K -34.9%
Walthausen & Co. 112.27K +112.27K NEW
BK Bank Of New York Mellon 55.17K +55.17K NEW
WFC Wells Fargo & Co. 58 -42.3K -99.9%
Allspring Global Investments 33.3K +33.3K NEW
Renaissance Technologies 825.97K -32.31K -3.8%
Acadian Asset Management 61.99K +27.17K +78.0%
Potomac Capital Management 25K +25K NEW

Financial report summary

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Risks
  • We may not achieve our plan for sales growth and margin targets.
  • We have historically incurred significant charges for inventory obsolescence and may incur similar charges in the future.
  • We face competitive pressures that could have a material adverse effect on our business.
  • We are dependent on a limited number of vendors to supply us with essential products.
  • We rely heavily on information technology systems that, if not properly functioning, could materially adversely affect our business.
  • Our products may be found to be defective or our services performed may result in equipment or product damage and, as a result, warranty and/or product liability claims may be asserted against us.
  • Substantial defaults by our customers on our accounts receivable or the loss of significant customers could have a significant negative impact on our business.
  • Failure to successfully implement our growth initiatives, or failure to realize the benefits expected from these initiatives if implemented, may create ongoing operating losses or otherwise adversely affect our business, operating results and financial condition.
  • We may not be successful in identifying, consummating and integrating future acquisitions.
  • Economic weakness and uncertainty could adversely affect our revenues and gross margins.
  • Our business and results of operations are subject to a broad range of uncertainties arising out of world and domestic events.
  • Major disruptions to our logistics capability or to the operations of our key vendors or customers could have a material adverse impact on our operations.
  • A significant portion of our cash, cash equivalents and investments is held by our foreign subsidiaries and could affect future liquidity needs.
  • The withdrawal by the United Kingdom from the European Union could have a material adverse effect on our business, financial position, liquidity and results of operations.
  • We may be subject to intellectual property rights claims, which are costly to defend, could require payment of damages or licensing fees, and/or could limit our ability to use certain technologies in the future.
  • A single stockholder has voting control over us.
  • If we fail to maintain an effective system of internal controls or discover material weaknesses in our internal controls over financial reporting, we may not be able to detect fraud or report our financial results accurately or timely.
  • If we are deemed to be an investment company, we will be required to meet burdensome compliance requirements and restrictions on our activities.
  • Our stock price may be volatile.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: area, code, conduct, conflict, created, Donaueschingen, extreme, foregoing, geopolitical, invasion, labor, Marlborough, political, Russia, strict, Ukraine, volatility
Removed: adversely, ALTA, clinical, closure, disrupt, fab, largest, mandated, stream, travel