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
Industry (SIC)
Former names
RICHARDSON ELECTRONICS LTD/DE
SEC CIK
Corporate docs
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
Press releases
Richardson Electronics, Ltd. to Present at the Sidoti & Company Virtual Micro Cap Investor Conference
9 May 22
Richardson Electronics, Ltd. to Showcase Green Energy Products at CLEANPOWER 2022
9 May 22
BAE Systems honors Richardson Electronics, Ltd. with a Gold Tier Supplier award
12 Apr 22
Richardson Electronics Reports Third Quarter Fiscal 2022 Net Income of $2.9 Million and Declares Quarterly Cash Dividend
6 Apr 22
Richardson Electronics Announces Date of Third Quarter Fiscal Year 2022 Conference Call
30 Mar 22
Calendar
7 Apr 22
20 May 22
28 May 22
Financial summary
Quarter (USD) | Feb 22 | Nov 21 | Aug 21 | May 21 | |
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Diluted EPS |
Annual (USD) | May 21 | May 20 | May 19 | Jun 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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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 |
Recent insider trades
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 |
Institutional ownership, Q4 2021
60.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 46 |
Opened positions | 10 |
Closed positions | 1 |
Increased positions | 11 |
Reduced positions | 13 |
13F shares | Current |
---|---|
Total value | 80.28M |
Total shares | 7.05M |
Total puts | 13.9K |
Total calls | 91.6K |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
BML Investment Partners | 1.07M | $9.26M |
Royce & Associates | 1.03M | $13.9M |
Dimensional Fund Advisors | 860.75K | $11.64M |
Renaissance Technologies | 825.97K | $11.17M |
Chain of Lakes Investment Fund | 735.59K | $0 |
Vanguard | 467.75K | $6.32M |
BLK Blackrock | 267.4K | $3.62M |
Hillsdale Investment Management | 228.51K | $3.09M |
Mutual Of America Capital Management | 223.7K | $3.02M |
First Wilshire Securities Management | 177.18K | $2.4M |
Financial report summary
?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
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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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
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
6 Apr 22
8-K
Results of Operations and Financial Condition
5 Jan 22
8-K
Results of Operations and Financial Condition
7 Dec 21
8-K
Results of Operations and Financial Condition
6 Oct 21
8-K
Results of Operations and Financial Condition
21 Jul 21
8-K
Results of Operations and Financial Condition
7 Apr 21
8-K
Departure of Directors or Certain Officers
8 Mar 21
8-K
Results of Operations and Financial Condition
6 Jan 21
8-K
Results of Operations and Financial Condition
7 Oct 20
8-K
Results of Operations and Financial Condition
22 Jul 20
Registration and prospectus
S-8
Registration of securities for employees
8 Oct 20
S-8
Registration of securities for employees
17 Oct 18
S-8
Registration of securities for employees
2 Aug 15
S-8
Registration of securities for employees
26 Jul 12
POS AM
Prospectus update (post-effective amendment)
20 Nov 07
S-8
Registration of securities for employees
22 Oct 07
S-8
Registration of securities for employees
22 Oct 07
424B3
Prospectus supplement
10 Oct 07
424B3
Prospectus supplement
3 Sep 07
POS AM
Prospectus update (post-effective amendment)
28 Aug 07
Proxies
DEFA14A
Additional proxy soliciting materials
23 Aug 21
DEFA14A
Additional proxy soliciting materials
24 Aug 20
DEFA14A
Additional proxy soliciting materials
26 Aug 19
DEFA14A
Additional proxy soliciting materials
16 Sep 18
DEF 14A
Definitive proxy
23 Aug 18
DEFA14A
Additional proxy soliciting materials
27 Aug 17
DEFR14A
Revised proxy
27 Aug 17
Other
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
29 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
15 Dec 10
UPLOAD
Letter from SEC
15 Dec 10
Ownership
4
RICHARDSON ELECTRONICS / Jacques Belin ownership change
19 May 22
SC 13G/A
RICHARDSON ELECTRONICS / Chain of Lakes Investment Fund ownership change
14 Feb 22
SC 13G/A
RICHARDSON ELECTRONICS / RENAISSANCE TECHNOLOGIES ownership change
11 Feb 22
SC 13G/A
RICHARDSON ELECTRONICS / RICHARDSON EDWARD J ownership change
11 Feb 22
SC 13G/A
RICHARDSON ELECTRONICS / DIMENSIONAL FUND ADVISORS ownership change
8 Feb 22
SC 13G
RICHARDSON ELECTRONICS / MUTUAL OF AMERICA CAPITAL MANAGEMENT ownership change
3 Feb 22
SC 13G/A
RICHARDSON ELECTRONICS / BML Investment Partners ownership change
27 Jan 22
SC 13G/A
RICHARDSON ELECTRONICS / ROYCE & ASSOCIATES ownership change
25 Jan 22
4
RICHARDSON ELECTRONICS / EDWARD J RICHARDSON ownership change
19 Jan 22
4
RICHARDSON ELECTRONICS / Robert J Ben ownership change
12 Jan 22
Patents
Utility
Insulator with Conductive Dissipative Coating
5 May 22
Embodiments of the invention provide a conductive coating on an insulator of an x-ray tube and a method for applying the conductive coating.
Utility
Insulator with conductive dissipative coating
22 Feb 22
Embodiments of the invention provide a conductive coating on an insulator of an x-ray tube and a method for applying the conductive coating.
Utility
Ultracapacitor pitch energy module
7 Dec 21
A pitch energy module comprising one or more ultracapacitors storing electrical energy for a wind turbine emergency pitch energy event.
Utility
Electron Collector with Thermal Insert
12 Aug 21
An electron collector for an x-ray tube having an electron collector base and an electron collector insert.
Utility
Insulator with Conductive Dissipative Coating
12 Aug 21
Embodiments of the invention provide a conductive coating on an insulator of an x-ray tube and a method for applying the conductive coating.
Transcripts
2022 Q3
Earnings call transcript
7 Apr 22
2022 Q2
Earnings call transcript
6 Jan 22
2022 Q1
Earnings call transcript
7 Oct 21
2021 Q4
Earnings call transcript
22 Jul 21
2021 Q3
Earnings call transcript
8 Apr 21
2021 Q2
Earnings call transcript
7 Jan 21
2021 Q1
Earnings call transcript
8 Oct 20
2021 Q1
Earnings call transcript
8 Oct 20
2020 Q4
Earnings call transcript
23 Jul 20
2020 Q3
Earnings call transcript
10 Apr 20
Reddit threads
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22
Daily Discussion Thread - April 6th, 2022
6 Apr 22
Daily Discussion Thread - April 5th, 2022
5 Apr 22
Daily Discussion Thread - April 4th, 2022
4 Apr 22
Daily Discussion Thread - February 3rd, 2022
3 Feb 22
Daily Discussion Thread - February 2nd, 2022
2 Feb 22
Daily Discussion Thread - February 1st, 2022
1 Feb 22
Daily Discussion Thread - January 31st, 2022
31 Jan 22
Haven't seen this much green since last year!
11 Jan 22