{"id":740442,"date":"2023-03-15T16:20:40","date_gmt":"2023-03-15T20:20:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rcm-technologies-inc-announces-fourth-quarter-and-fiscal-year-2022-results\/"},"modified":"2023-03-15T16:20:40","modified_gmt":"2023-03-15T20:20:40","slug":"rcm-technologies-inc-announces-fourth-quarter-and-fiscal-year-2022-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rcm-technologies-inc-announces-fourth-quarter-and-fiscal-year-2022-results\/","title":{"rendered":"RCM Technologies, Inc. Announces Fourth Quarter and Fiscal Year 2022 Results"},"content":{"rendered":"
\n

PENNSAUKEN, N.J., March 15, 2023 (GLOBE NEWSWIRE) — RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care, and information technology services, today announced financial results for the thirteen and fifty-two weeks ended December 31, 2022.<\/p>\n

RCM Technologies reported revenue of $70.2 million for the thirteen weeks ended December 31, 2022 (the current period), an increase of 8.2% compared to $64.9 million for the thirteen weeks ended January 1, 2022 (the comparable prior-year period). Gross profit was $20.5 million for the current period, a 15.0% increase compared to $17.8 million for the comparable prior-year period.\u00a0 The Company experienced GAAP operating income of $6.8 million for the current period compared to $7.1 million for the comparable prior-year period.\u00a0 The Company experienced GAAP net income of $4.8 million, or $0.48 per diluted share, for the current period compared to $6.0 million, or $0.52 per diluted share, for the comparable prior-year period. The Company experienced adjusted EBITDA (non-GAAP) of $7.0 million for the current period compared to $5.3 million for the comparable prior-year period.<\/p>\n

RCM Technologies reported revenue of $284.7 million for the fifty-two weeks ended December 31, 2022 (the current period), an increase of 39.6% compared to $203.9 million for the fifty-two weeks ended January 1, 2022 (the comparable prior-year period). Gross profit was $82.9 million for the current period, a 56.1% increase compared to $53.1 million for the comparable prior-year period.\u00a0 The Company experienced GAAP operating income of $28.8 million for the current period compared to $14.1 million for the comparable prior-year period.\u00a0 The Company experienced GAAP net income of $20.9 million, or $2.00 per diluted share, for the current period compared to $11.0 million, or $0.95 per diluted share, for the comparable prior-year period. The Company experienced adjusted EBITDA (non-GAAP) of $29.5 million for the current period compared to $11.1 million for the comparable prior-year period.<\/p>\n

Bradley Vizi, Executive Chairman of RCM Technologies, commented, \u201cOur fiscal 2022 performance is a compelling demonstration of our strategy of investing behind world-class talent in secular growth markets. As a result, we believe RCM is well positioned to provide attractive returns for many years to come.\u201d<\/p>\n

Kevin Miller, Chief Financial Officer of RCM Technologies, commented, \u201cWe finished 2022 strong, demonstrating robust growth in revenue, EBITDA, and earnings per share while investing heavily in the future. In addition, the Company’s strong discretionary cash generating characteristics provided us over $28 million in cash flow from operations in 2022, which we expect to assist the Company in producing enhanced returns over the long-term.\u201d<\/p>\n

\n
\n
\n Conference Call<\/u>
\n <\/em>
\n <\/strong>
\n
On Thursday, March 16, 2023, RCM Technologies will host a conference call to discuss these results. The call will begin at 11:00 a.m. Eastern Time. The dial-in number is (800) 285-6670.<\/p>\n

\n
\n
\n About RCM<\/u>
\n <\/em>
\n <\/strong>
\n
RCM Technologies, Inc. is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced information technology and engineering services. RCM is an innovative leader in delivering these solutions to commercial and government sectors. RCM is also a provider of specialty healthcare services to major health care institutions and educational facilities. RCM’s offices are located in major metropolitan centers throughout North America and Serbia. Additional information can be found at www.rcmt.com<\/u><\/a>.<\/p>\n

The statements contained in this release that are not purely historical are forward-looking statements within the Private Securities Litigation Reform Act of 1995. They are subject to various risks, uncertainties, and other factors that could cause the Company\u2019s actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These statements often include words such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201ccontinue,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cbelieve,\u201d \u201cplan,\u201d \u201cseek,\u201d \u201ccould,\u201d \u201ccan,\u201d \u201cshould,\u201d \u201care confident\u201d or similar expressions. In addition, statements that are not historical should also be considered forward-looking statements. These statements are based on assumptions that we have made in light of our experience in the industry, and our perceptions of historical trends, current conditions, expected future developments, and other factors we believe are appropriate in these circumstances. Forward-looking statements include, but are not limited to, those relating to demand for the Company\u2019s services, expectations regarding our future revenues and other financial results, our pipeline, and potential project wins, and our expectations for investment and growth in our business. Such statements are based on current expectations that involve several known and unknown risks, uncertainties, and other factors, which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. Risk, uncertainties, and other factors may emerge from time to time that could cause the Company\u2019s actual results to differ from those indicated by the forward-looking statements. Investors are directed to consider such risks, uncertainties, and other factors described in documents filed by the Company with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company assumes no obligation (and expressly disclaims any such obligation) to update any forward-looking statements contained in this release as a result of new information or future events or developments, except as may be required by law.<\/p>\n

\n Tables to Follow<\/strong>\n <\/p>\n

\n \n <\/p>\n

\n RCM Technologies, Inc.<\/strong>
\n
\n Condensed Consolidated Statements of Operations<\/strong>
\n
\n (Unaudited) <\/strong>
\n
\n (In Thousands, Except Per Share Amounts)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Thirteen Weeks Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31,
2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n January 1,
2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n$70,221<\/td>\n\u00a0<\/td>\n$64,922<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of services<\/td>\n\u00a0<\/td>\n49,755<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47,128<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n\u00a0<\/td>\n20,466<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,794<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative<\/td>\n\u00a0<\/td>\n13,433<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,453<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization of property and equipment<\/td>\n\u00a0<\/td>\n266<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n232<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of acquired intangible assets<\/td>\n\u00a0<\/td>\n46<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of assets<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(269<\/td>\n)<\/td>\n<\/tr>\n
Remeasurement of acquisition related contingent consideration<\/td>\n\u00a0<\/td>\n(88<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,713<\/td>\n)<\/td>\n<\/tr>\n
Operating income<\/td>\n\u00a0<\/td>\n6,809<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,091<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (income) expense, net<\/td>\n\u00a0<\/td>\n(349<\/td>\n)<\/td>\n\u00a0<\/td>\n65<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income before income taxes<\/td>\n\u00a0<\/td>\n6,460<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,098<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense<\/td>\n\u00a0<\/td>\n1,623<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,124<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n$4,837<\/td>\n\u00a0<\/td>\n$5,974<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted net earnings per share data<\/td>\n$0.48<\/td>\n\u00a0<\/td>\n$0.52<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Fifty-Two Weeks Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31,
2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n January 1,
2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n$284,680<\/td>\n\u00a0<\/td>\n$203,875<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of services<\/td>\n\u00a0<\/td>\n201,753<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n150,751<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n\u00a0<\/td>\n82,927<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53,124<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative<\/td>\n\u00a0<\/td>\n53,395<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,019<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization of property and equipment<\/td>\n\u00a0<\/td>\n995<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,007<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of acquired intangible assets<\/td>\n\u00a0<\/td>\n46<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n95<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of assets<\/td>\n\u00a0<\/td>\n(219<\/td>\n)<\/td>\n\u00a0<\/td>\n(2,420<\/td>\n)<\/td>\n<\/tr>\n
Remeasurement of acquisition related contingent consideration<\/td>\n\u00a0<\/td>\n(88<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,713<\/td>\n)<\/td>\n<\/tr>\n
Operating income<\/td>\n\u00a0<\/td>\n28,798<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,136<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other expense (income), net<\/td>\n\u00a0<\/td>\n318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(222<\/td>\n)<\/td>\n<\/tr>\n
Income before income taxes<\/td>\n\u00a0<\/td>\n28,480<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,914<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense<\/td>\n\u00a0<\/td>\n7,591<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,925<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n$20,889<\/td>\n\u00a0<\/td>\n$10,989<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted net earnings per share data<\/td>\n$2.00<\/td>\n\u00a0<\/td>\n$0.95<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
RCM Technologies, Inc.<\/strong>
\n
\n Summary Consolidated Selected Balance Sheet Data<\/strong>
\n
\n (In Thousands)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n December 31,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n January 1,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n$339<\/td>\n\u00a0<\/td>\n$235<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable, net<\/td>\n$50,762<\/td>\n\u00a0<\/td>\n$48,240<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n$59,017<\/td>\n\u00a0<\/td>\n$51,971<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n$87,964<\/td>\n\u00a0<\/td>\n$72,852<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n$40,424<\/td>\n\u00a0<\/td>\n$29,857<\/td>\n\u00a0<\/td>\n<\/tr>\n
Borrowings under line of credit<\/td>\n$8,783<\/td>\n\u00a0<\/td>\n$14,151<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n$56,002<\/td>\n\u00a0<\/td>\n$46,883<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders\u2019 equity<\/td>\n$31,962<\/td>\n\u00a0<\/td>\n$25,969<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
RCM Technologies, Inc.<\/strong>
\n
\n Supplemental Operating Results on a Non-GAAP Basis<\/strong>
\n
\n (Unaudited)<\/strong>
\n
\n (In Thousands)<\/strong>\n <\/p>\n

The following non-GAAP measures, which adjust for the categories of expenses described below, are non-GAAP financial measures.\u00a0 Our management believes that these non-GAAP financial measures (\u201cAdjusted operating income,\u201d \u201cEBITDA\u201d and \u201cAdjusted EBITDA\u201d) are useful information for investors, shareholders, and other stakeholders of our Company in gauging our results of operations on an ongoing basis and to enhance investors\u2019 overall understanding of our current financial performance and period-to-period comparisons.\u00a0 Adjusted operating income, EBITDA and Adjusted EBITDA should not be considered alternatives to net income as an indicator of performance.\u00a0 In addition, Adjusted operating income, EBITDA and Adjusted EBITDA do not take into account changes in certain assets and liabilities and interest and income taxes that can affect cash flows.\u00a0 We do not intend the presentation of these non-GAAP measures to be considered in isolation or as a substitute for results prepared in accordance with GAAP. These non-GAAP measures should be read-only in conjunction with our consolidated financial statements prepared in accordance with GAAP.<\/p>\n

The following unaudited table presents the Company\u2019s GAAP net income and the corresponding adjustments used to calculate Adjusted operating income, EBITDA and Adjusted EBITDA for the thirteen and fifty-two weeks ended December 31, 2022 and January 1, 2022.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Thirteen Weeks Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Fifty-Two Weeks Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n January 1,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n December 31,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n January 1,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
GAAP operating income<\/td>\n$6,809<\/td>\n\u00a0<\/td>\n$7,091<\/td>\n\u00a0<\/td>\n$28,798<\/td>\n\u00a0<\/td>\n$14,136<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of assets<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(269<\/td>\n)<\/td>\n\u00a0<\/td>\n(219<\/td>\n)<\/td>\n\u00a0<\/td>\n(2,420<\/td>\n)<\/td>\n<\/tr>\n
Remeasurement of acquisition related contingent consideration<\/td>\n\u00a0<\/td>\n(88<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,713<\/td>\n)<\/td>\n\u00a0<\/td>\n(88<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,713<\/td>\n)<\/td>\n<\/tr>\n
Adjusted operating income (non-GAAP)<\/td>\n$6,721<\/td>\n\u00a0<\/td>\n$5,109<\/td>\n\u00a0<\/td>\n$28,491<\/td>\n\u00a0<\/td>\n$10,003<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP net income<\/td>\n$4,837<\/td>\n\u00a0<\/td>\n$5,974<\/td>\n\u00a0<\/td>\n$20,889<\/td>\n\u00a0<\/td>\n$10,989<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense<\/td>\n\u00a0<\/td>\n1,623<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,124<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,591<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,925<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense, net<\/td>\n\u00a0<\/td>\n169<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n370<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n365<\/td>\n\u00a0<\/td>\n<\/tr>\n
Change in fair value of contingent consideration<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation of property and equipment<\/td>\n\u00a0<\/td>\n266<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n995<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,007<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of acquired intangible assets<\/td>\n\u00a0<\/td>\n46<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n95<\/td>\n\u00a0<\/td>\n<\/tr>\n
EBITDA (non-GAAP)<\/td>\n$6,941<\/td>\n\u00a0<\/td>\n$7,388<\/td>\n\u00a0<\/td>\n$29,891<\/td>\n\u00a0<\/td>\n$15,433<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of assets<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(269<\/td>\n)<\/td>\n\u00a0<\/td>\n(219<\/td>\n)<\/td>\n\u00a0<\/td>\n(2,420<\/td>\n)<\/td>\n<\/tr>\n
Remeasurement of acquisition related contingent consideration<\/td>\n\u00a0<\/td>\n(88<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,713<\/td>\n)<\/td>\n\u00a0<\/td>\n(88<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,713<\/td>\n)<\/td>\n<\/tr>\n
Loss (gain) on foreign currency transactions<\/td>\n\u00a0<\/td>\n180<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(65<\/td>\n)<\/td>\n\u00a0<\/td>\n(52<\/td>\n)<\/td>\n\u00a0<\/td>\n(195<\/td>\n)<\/td>\n<\/tr>\n
Adjusted EBITDA (non-GAAP)<\/td>\n$7,033<\/td>\n\u00a0<\/td>\n$5,341<\/td>\n\u00a0<\/td>\n$29,532<\/td>\n\u00a0<\/td>\n$11,105<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
RCM Technologies, Inc.<\/strong>
\n
\n Supplemental Operating Results on a Non-GAAP Basis (Continued)<\/strong>
\n
\n (Unaudited)<\/strong>
\n
\n (In Thousands)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Thirteen Weeks Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Fifty-Two Weeks Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n January 1,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n December 31,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n January 1,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
GAAP net income<\/td>\n$4,837<\/td>\n\u00a0<\/td>\n$5,974<\/td>\n\u00a0<\/td>\n$20,889<\/td>\n\u00a0<\/td>\n$10,989<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of assets<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(269<\/td>\n)<\/td>\n\u00a0<\/td>\n(219<\/td>\n)<\/td>\n\u00a0<\/td>\n(2,420<\/td>\n)<\/td>\n<\/tr>\n
Remeasurement of acquisition related contingent consideration<\/td>\n\u00a0<\/td>\n(88<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,713<\/td>\n)<\/td>\n\u00a0<\/td>\n(88<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,713<\/td>\n)<\/td>\n<\/tr>\n
Tax impact from normalized rate<\/td>\n\u00a0<\/td>\n24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(282<\/td>\n)<\/td>\n\u00a0<\/td>\n83<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n237<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted net income (non-GAAP)<\/td>\n$4,773<\/td>\n\u00a0<\/td>\n$3,710<\/td>\n\u00a0<\/td>\n$20,665<\/td>\n\u00a0<\/td>\n$7,093<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
GAAP diluted net earnings per share<\/td>\n$0.48<\/td>\n\u00a0<\/td>\n$0.54<\/td>\n\u00a0<\/td>\n$2.00<\/td>\n\u00a0<\/td>\n$0.95<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of assets<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.02<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.02<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.21<\/td>\n)<\/td>\n<\/tr>\n
Remeasurement of acquisition related contingent consideration<\/td>\n\u00a0<\/td>\n(0.01<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.16<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.01<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.15<\/td>\n)<\/td>\n<\/tr>\n
Tax impact from normalized rate<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.02<\/td>\n)<\/td>\n\u00a0<\/td>\n0.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.02<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted diluted net earnings per share (non-GAAP)<\/td>\n$0.47<\/td>\n\u00a0<\/td>\n$0.34<\/td>\n\u00a0<\/td>\n$1.98<\/td>\n\u00a0<\/td>\n$0.61<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
RCM Technologies, Inc.<\/strong>
\n
\n Summary of Selected Income Statement Data<\/strong>
\n
\n (Unaudited)<\/strong>
\n
\n (In Thousands)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Thirteen Weeks Ended December 31, 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nSpecialty
Health Care<\/td>\n		\u00a0<\/td>\nEngineering<\/td>\n\u00a0<\/td>\nInformation
Technology<\/td>\n		\u00a0<\/td>\nConsolidated<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n$35,810<\/td>\n\u00a0<\/td>\n$24,211<\/td>\n\u00a0<\/td>\n$10,200<\/td>\n\u00a0<\/td>\n$70,221<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of services<\/td>\n\u00a0<\/td>\n24,771<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,565<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,419<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49,755<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n$11,039<\/td>\n\u00a0<\/td>\n$5,646<\/td>\n\u00a0<\/td>\n$3,781<\/td>\n\u00a0<\/td>\n$20,466<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit margin<\/td>\n\u00a0<\/td>\n30.8<\/td>\n%<\/td>\n\u00a0<\/td>\n23.3<\/td>\n%<\/td>\n\u00a0<\/td>\n37.1<\/td>\n%<\/td>\n\u00a0<\/td>\n29.15<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Thirteen Weeks Ended January 1, 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nSpecialty
Health Care<\/td>\n		\u00a0<\/td>\nEngineering<\/td>\n\u00a0<\/td>\nInformation
Technology<\/td>\n		\u00a0<\/td>\nConsolidated<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n$34,772<\/td>\n\u00a0<\/td>\n$18,290<\/td>\n\u00a0<\/td>\n$11,860<\/td>\n\u00a0<\/td>\n$64,922<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of services<\/td>\n\u00a0<\/td>\n25,613<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,281<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47,128<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n$9,159<\/td>\n\u00a0<\/td>\n$5,056<\/td>\n\u00a0<\/td>\n$3,579<\/td>\n\u00a0<\/td>\n$17,794<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit margin<\/td>\n\u00a0<\/td>\n26.3<\/td>\n%<\/td>\n\u00a0<\/td>\n27.6<\/td>\n%<\/td>\n\u00a0<\/td>\n30.2<\/td>\n%<\/td>\n\u00a0<\/td>\n27.4<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Fifty-Two Weeks Ended December 31, 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nSpecialty
Health Care<\/td>\n		\u00a0<\/td>\nEngineering<\/td>\n\u00a0<\/td>\nInformation
Technology<\/td>\n		\u00a0<\/td>\nConsolidated<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n$159,448<\/td>\n\u00a0<\/td>\n$85,937<\/td>\n\u00a0<\/td>\n$39,295<\/td>\n\u00a0<\/td>\n$284,680<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of services<\/td>\n\u00a0<\/td>\n111,543<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,218<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,992<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n201,753<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n$47,905<\/td>\n\u00a0<\/td>\n$21,719<\/td>\n\u00a0<\/td>\n$13,303<\/td>\n\u00a0<\/td>\n$82,927<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit margin<\/td>\n\u00a0<\/td>\n30.0<\/td>\n%<\/td>\n\u00a0<\/td>\n25.3<\/td>\n%<\/td>\n\u00a0<\/td>\n33.9<\/td>\n%<\/td>\n\u00a0<\/td>\n29.1<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Fifty-Two Weeks Ended January 1, 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nSpecialty
Health Care<\/td>\n		\u00a0<\/td>\nEngineering<\/td>\n\u00a0<\/td>\nInformation
Technology<\/td>\n		\u00a0<\/td>\nConsolidated<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n$98,495<\/td>\n\u00a0<\/td>\n$66,172<\/td>\n\u00a0<\/td>\n$39,208<\/td>\n\u00a0<\/td>\n$203,875<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of services<\/td>\n\u00a0<\/td>\n73,177<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50,109<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,465<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n150,751<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n$25,318<\/td>\n\u00a0<\/td>\n$16,063<\/td>\n\u00a0<\/td>\n$11,743<\/td>\n\u00a0<\/td>\n$53,124<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit margin<\/td>\n\u00a0<\/td>\n25.7<\/td>\n%<\/td>\n\u00a0<\/td>\n24.3<\/td>\n%<\/td>\n\u00a0<\/td>\n30.0<\/td>\n%<\/td>\n\u00a0<\/td>\n26.1<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
RCM Technologies, Inc.<\/strong>
\n
\n Condensed Consolidated Statements of Cash Flows<\/strong>
\n
\n (Unaudited)<\/strong>
\n
\n (In Thousands)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Fifty-Two Weeks Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n January 1,<\/strong>
\n
\n 2022<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n$20,889<\/td>\n\u00a0<\/td>\n$10,989<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjustments to reconcile net income to cash used in operating activities<\/td>\n\u00a0<\/td>\n4,539<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,790<\/td>\n\u00a0<\/td>\n<\/tr>\n
Changes in operating assets and liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccounts receivable<\/td>\n\u00a0<\/td>\n(1,509<\/td>\n)<\/td>\n\u00a0<\/td>\n(14,710<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nPrepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n(2,350<\/td>\n)<\/td>\n\u00a0<\/td>\n1,838<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNet of transit accounts receivable and payable<\/td>\n\u00a0<\/td>\n5,434<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,317<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccounts payable and accrued expenses<\/td>\n\u00a0<\/td>\n4,919<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,518<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAccrued payroll and related costs<\/td>\n\u00a0<\/td>\n24<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n149<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nRight of use liabilities<\/td>\n\u00a0<\/td>\n(1,486<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,763<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nIncome taxes payable<\/td>\n\u00a0<\/td>\n276<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(436<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nDeferred revenue<\/td>\n\u00a0<\/td>\n(2,300<\/td>\n)<\/td>\n\u00a0<\/td>\n3,020<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDeposits<\/td>\n\u00a0<\/td>\n4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7<\/td>\n)<\/td>\n<\/tr>\n
Total adjustments<\/td>\n\u00a0<\/td>\n7,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,918<\/td>\n)<\/td>\n<\/tr>\n
Net cash provided by operating activities<\/td>\n\u00a0<\/td>\n28,440<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,071<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash (used in) provided by investing activities<\/td>\n\u00a0<\/td>\n(4,976<\/td>\n)<\/td>\n\u00a0<\/td>\n6,135<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash used in financing activities<\/td>\n\u00a0<\/td>\n(23,128<\/td>\n)<\/td>\n\u00a0<\/td>\n(7,554<\/td>\n)<\/td>\n<\/tr>\n
Effect of exchange rate changes on cash and cash equivalents<\/td>\n\u00a0<\/td>\n(232<\/td>\n)<\/td>\n\u00a0<\/td>\n(151<\/td>\n)<\/td>\n<\/tr>\n
Increase (decrease) in cash and cash equivalents<\/td>\n$104<\/td>\n\u00a0<\/td>\n($499<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n
\n RCM Technologies, Inc.<\/strong>\n <\/td>\nTel: 856.356.4500<\/td>\n\n
\n Corporate Contacts:<\/u>
\n <\/strong>\n <\/td>\n<\/tr>\n
2500 McClellan Avenue<\/td>\nFax: 856.356.4600<\/td>\n\n Bradley S. Vizi<\/strong>\n <\/td>\n<\/tr>\n
Pennsauken, NJ 08109<\/td>\ninfo@rcmt.com<\/td>\n\n
\n Executive Chairman<\/u>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\nwww.rcmt.com<\/td>\n\n Kevin D. Miller<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n Chief Financial Officer<\/u>
\n <\/em>\n <\/td>\n<\/tr>\n<\/table>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

PENNSAUKEN, N.J., March 15, 2023 (GLOBE NEWSWIRE) — RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care, and information technology services, today announced financial results for the thirteen and fifty-two weeks ended December 31, 2022. RCM Technologies reported revenue of $70.2 million for the thirteen weeks ended December 31, 2022 (the current period), an increase of 8.2% compared to $64.9 million for the thirteen weeks ended January 1, 2022 (the comparable prior-year period). Gross profit was $20.5 million for the current period, a 15.0% increase compared to $17.8 million for the comparable prior-year period.\u00a0 … <\/p>\n

Continue reading “RCM Technologies, Inc. Announces Fourth Quarter and Fiscal Year 2022 Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-740442","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRCM Technologies, Inc. Announces Fourth Quarter and Fiscal Year 2022 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rcm-technologies-inc-announces-fourth-quarter-and-fiscal-year-2022-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RCM Technologies, Inc. Announces Fourth Quarter and Fiscal Year 2022 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PENNSAUKEN, N.J., March 15, 2023 (GLOBE NEWSWIRE) — RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care, and information technology services, today announced financial results for the thirteen and fifty-two weeks ended December 31, 2022. RCM Technologies reported revenue of $70.2 million for the thirteen weeks ended December 31, 2022 (the current period), an increase of 8.2% compared to $64.9 million for the thirteen weeks ended January 1, 2022 (the comparable prior-year period). Gross profit was $20.5 million for the current period, a 15.0% increase compared to $17.8 million for the comparable prior-year period.\u00a0 … Continue reading "RCM Technologies, Inc. Announces Fourth Quarter and Fiscal Year 2022 Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rcm-technologies-inc-announces-fourth-quarter-and-fiscal-year-2022-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-15T20:20:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc4OTE5OSM1NDY0MzU3IzIwMTg4OTA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rcm-technologies-inc-announces-fourth-quarter-and-fiscal-year-2022-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rcm-technologies-inc-announces-fourth-quarter-and-fiscal-year-2022-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RCM Technologies, Inc. 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