RICHARDSON ELECTRONICS, LTD.

Listed Company

RELLCIK 0000355948NasdaqAcceleratedSmaller ReportingWholesale-Electronic Parts & Equipment, NecDelawareFY ends May 30

Period

FY 2025

Revenue

$208.91M

Net Income

$-1.14M

Total Assets

$195.84M

Equity

$156.66M

Shares Out

10.80M

Op. Cash Flow

$10.55M

Business

RICHARDSON ELECTRONICS, LTD. designs, manufactures and distributes engineered electronic solutions, power conversion and RF/microwave components, tubes for diagnostic imaging and customized display systems. Its main products and services include power grid and microwave tubes, RF and microwave components, green energy storage and power management products, repaired and manufactured CT X-ray tubes, and custom display and touch solutions. The company operates through key segments: Power and Microwave Technologies (PMT), Green Energy Solutions (GES), Canvys (custom displays) and Healthcare. It serves customers globally across North America, Asia/Pacific, Europe and Latin America via direct sales, authorized representatives, distributors and e-commerce channels.

Summary from filing dated 2025-08-04

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Net sales	209	196	263	225	177
Cost of sales	144	136	179	—	—
Gross profit	65	60	84	72	59
Selling, general and administrative expenses	62	60	59	56	56
Loss (gain) on disposal of property, plant and equipment	16,000	70,000	−7,000	20,000	13,000
Loss on disposal of healthcare assets and other charges	5	0	0	—	—
Operating (loss) income	−2	348,000	25	16	3
Interest income	−392,000	−284,000	−295,000	−80,000	−76,000
Foreign exchange	−500,000	400,000	300,000	300,000	800,000
Other, net	−44,000	39,000	−30,000	5,000	−104,000
Total other (income) expense	−932,000	191,000	−47,000	198,000	579,000
(Loss) income before income taxes	−2	157,000	25	16	2
Income tax (benefit) provision	−388,000	96,000	3	−2	653,000
Net (loss) income	−1	61,000	22	18	2
Foreign currency translation gain (loss), net of tax	1	149,000	−185,000	−4	3
Comprehensive income	247,000	210,000	22	14	5
Common stock - Diluted	12	12	13	12	11

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-08-31	FY 2022 2022-05-31
Cash and cash equivalents	36	24	25	—	35
Accounts receivable, less allowance for credit losses of $250 and $323, respectively	24	25	30	—	30
Inventories, net	103	110	110	—	80
Prepaid expenses and other assets	3	2	3	—	2
Total current assets	166	162	168	—	153
Property, plant and equipment, net	18	21	21	—	17
Intangible assets, net	345,000	2	2	—	2
Right of use lease assets	2	3	2	—	—
Deferred income taxes	9	6	5	—	4
Other non-current assets	228,000	209,000	267,000	0	—
Total non-current assets	30	31	30	—	27
Total assets	196	192	198	—	180
Accounts payable	21	15	24	—	24
Accrued liabilities	14	15	12	—	16
Lease liabilities current	1	1	1	—	1
Total current liabilities	37	32	37	—	41
Deferred income tax liabilities	81,000	90,000	98,000	—	85,000
Lease liabilities non-current	1	2	1	—	2
Other non-current liabilities	1	800,000	600,000	—	800,000
Total non-current liabilities	2	2	2	—	3
Total liabilities	39	34	39	—	44
Commitments and contingencies (Note 4)	—	—	—	—	—
Additional paid-in-capital	74	73	71	—	66
Retained earnings	79	84	87	—	68
Accumulated other comprehensive income	2	764,000	615,000	—	800,000
Total stockholders' equity	157	158	159	—	136
Total liabilities and stockholders equity	196	192	198	—	180

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Net (loss) income	−1	61,000	22	18	2
Unrealized foreign currency gain	−1	−304,000	−406,000	—	—
Depreciation and amortization	4	4	4	3	3
Inventory provisions	600,000	600,000	500,000	500,000	1
Share-based compensation expense	2	1	900,000	700,000	675,000
Loss (gain) on disposal of property, plant and equipment	16,000	70,000	−7,000	20,000	13,000
Deferred income taxes	−3	−1	−138,000	−4	−1,000
Accounts receivable	130,000	5	−363,000	−6	−4
Inventories	206,000	66,000	−30	−21	−5
Prepaid expenses and other assets	−180,000	250,000	−519,000	−228,000	103,000
Accounts payable	6	−8	−439,000	8	−565,000
Accrued liabilities	−1	3	−4	2	4
Other	326,000	577,000	725,000	358,000	−26,000
Net cash provided by (used in) operating activities	11	7	−8	2	832,000
Capital expenditures	−3	−4	−7	−3	−3
Proceeds from disposal of healthcare assets	7	0	0	—	—
Proceeds from the sale of property, plant & equipment	7,000	0	194,000	0	—
Proceeds from maturity of investments	0	0	5	0	25
Net cash provided by (used in) investing activities	4	−4	−2	−8	13
Proceeds from issuance of common stock	320,000	591,000	4	3	289,000
Cash dividends paid on common and Class B common stock	−3	−3	−3	−3	−3
Proceeds from revolving credit facility	1	4	0	0	—
Repayment of revolving credit facility	−1	−4	0	0	—
Other	−159,000	−120,000	−69,000	−151,000	−181,000
Net cash (used in) provided by financing activities	−3	−3	389,000	−352,000	−3
Effect of exchange rate changes on cash and cash equivalents	309,000	−296,000	−520,000	−1	2
Increase (decrease) in cash and cash equivalents	12	−718,000	−11	−8	13
Income taxes, net of refunds	2	0	5	2	—
Accruals for construction in progress	0	267,000	0	0	—
Right of use assets obtained in exchange for lease liabilities	730,000	2	695,000	2	—

Filings

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