false
0000700841
0000700841
2024-05-08
2024-05-08
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 8, 2024
RCM Technologies, Inc.
(Exact Name of Registrant as Specified in Charter)
Nevada
(State or Other
Jurisdiction of
Incorporation)
|
1-10245
(Commission File
Number)
|
95-1480559
(I.R.S. Employer
Identification No.)
|
2500 McClellan Avenue, Suite 350
|
|
|
Pennsauken, NJ
|
|
08109-4613
|
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
Registrant’s telephone number, including area code: (856) 356-4500
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b)).
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c)).
|
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on which registered
|
Common Stock, par value $0.05 per share
|
|
RCMT
|
|
The NASDAQ Stock Market LLC
|
Item 2.02. Results of Operations and Financial Condition.
On May 8, 2024, the Registrant issued a press release regarding its financial results for the thirteen weeks ended March 30, 2024. A copy of the press release is furnished as Exhibit 99 to this report.
The information set forth under this “Item 2.02. Results of Operations and Financial Condition” (including the exhibit) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference in any filing made by the Registrant pursuant to the Securities Act of 1933, as amended, other than to the extent that such filing incorporates by reference any or all of such information by express reference thereto.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Shell Company Transactions.
None.
(d) Exhibits.
Exhibit Number
|
|
|
Press Release by the Registrant, dated May 8, 2024, furnished in accordance with Item 2.02 of this Current Report on Form 8-K.
|
104
|
Cover Page Interactive Data File (formatted as Inline XBRL).
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RCM TECHNOLOGIES, INC.
By:
|
/s/ Kevin D. Miller
|
|
Kevin D. Miller
|
|
Chief Financial Officer, Treasurer and
Secretary
|
Dated: May 8, 2024
Exhibit 99
![image01.jpg](https://www.sec.gov/Archives/edgar/data/700841/000143774924015372/image01.jpg)
RCM Technologies, Inc.
|
Tel: 856.356.4500
|
Corporate Contacts:
|
2500 McClellan Avenue
|
info@rcmt.com
|
Bradley S. Vizi
|
Pennsauken, NJ 08109
|
www.rcmt.com
|
Executive Chairman
|
|
|
Kevin D. Miller
|
|
|
Chief Financial Officer
|
P R E S S R E L E A S E
RCM TECHNOLOGIES, INC. ANNOUNCES
FIRST-QUARTER RESULTS
Pennsauken, NJ – May 8, 2024 -- 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 weeks ended March 30, 2024.
RCM Technologies reported revenue of $71.9 million for the thirteen weeks ended March 30, 2024 (the current quarter), an increase of 7.2% compared to $67.1 million for the thirteen weeks ended April 1, 2023 (the comparable prior quarter). Gross profit was $20.4 million for the current quarter, a 7.1% increase compared to $19.0 million for the comparable prior quarter. The Company experienced GAAP net income of $4.0 million, or $0.48 per diluted share, for the current quarter compared to $3.8 million, or $0.41 per diluted share, for the comparable prior quarter. The Company experienced adjusted EBITDA (non-GAAP) of $6.8 million for the current quarter compared to $6.1 million for the comparable prior quarter. The Company experienced $0.53 of adjusted net income per diluted share (non-GAAP) for the current quarter as compared to $0.41 for the comparable prior quarter.
Bradley Vizi, Executive Chairman of RCM Technologies, commented, “Our breadth of strategic focus is widening and deepening throughout the organization, with all teams executing on current initiatives while seeding new initiatives designed to propel growth well into the future.”
Kevin Miller, Chief Financial Officer of RCM Technologies, commented, “In the first quarter, adjusted EBITDA and adjusted EPS increased 11.1% and 30.4%, respectively. Cash conversion increased both sequentially and year over year. We anticipate continued improvement in cash flow from operations in each of the next two quarters.”
Conference Call
On Thursday, May 9, 2024, RCM Technologies will host a conference call to discuss these results. The call will begin at 11:30 a.m. Eastern Time. The dial-in number is (800) 285-6670.
About RCM
RCM Technologies (NasdaqGM: RCMT) is a business and technology solutions provider with world-class talent in key market segments. We help design, build, and enable the Industries of Tomorrow, Today. Operating at the intersection of resources, critical infrastructure and modernization of industries through advanced technologies, RCM is a provider of services in Health Care, Engineering, Aerospace & Defense, Process & Industrial, Life Sciences and Data & Solutions. www.rcmt.com.
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’s 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 “may,” “will,” “expect,” “anticipate,” “continue,” “estimate,” “project,” “intend,” “believe,” “plan,” “seek,” “could,” “can,” “should,” “are confident” 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’s services, expectations regarding our future revenues and other financial results, such as cash flows, 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’s 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.
Tables to Follow
RCM Technologies, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(In Thousands, Except Per Share Amounts)
|
Thirteen Weeks Ended
|
|
|
March 30,
2024
|
|
April 1,
2023
|
|
Revenue
|
$71,939
|
|
$67,124
|
|
Cost of services
|
51,572
|
|
48,100
|
|
Gross profit
|
20,367
|
|
19,024
|
|
Selling, general and administrative
|
14,199
|
|
13,396
|
|
Depreciation and amortization of property and equipment
|
287
|
|
271
|
|
Amortization of acquired intangible assets
|
45
|
|
45
|
|
Gain on sale of assets
|
-
|
|
(395
|
)
|
Operating income
|
5,836
|
|
5,707
|
|
Other expense, net
|
426
|
|
407
|
|
Income before income taxes
|
5,410
|
|
5,300
|
|
Income tax expense
|
1,458
|
|
1,463
|
|
Net income
|
$3,952
|
|
$3,837
|
|
|
|
|
|
|
Diluted net earnings per share data
|
$0.48
|
|
$0.41
|
|
Diluted weighted average shares outstanding
|
8,170,839
|
|
9,401,867
|
|
RCM Technologies, Inc.
Supplemental Operating Results on a Non-GAAP Basis
(Unaudited)
(In Thousands)
The following non-GAAP measures, which adjust for the categories of expenses described below, are non-GAAP financial measures. Our management believes that these non-GAAP financial measures (“Adjusted operating income,” “EBITDA” and “Adjusted EBITDA”) 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’ overall understanding of our current financial performance and period-to-period comparisons. Adjusted operating income, EBITDA and Adjusted EBITDA should not be considered alternatives to net income as an indicator of performance. 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. 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.
The following unaudited table presents the Company’s GAAP net income and the corresponding adjustments used to calculate Adjusted operating income, EBITDA and Adjusted EBITDA for the thirteen ended March 30, 2024 and April 1, 2023.
|
Thirteen Weeks Ended
|
|
|
March 30,
2024
|
|
April 1,
2023
|
|
GAAP operating income
|
$5,836
|
|
$5,707
|
|
Adjustments
|
|
|
|
|
Gain on sale of assets
|
-
|
|
(395
|
)
|
Equity compensation
|
635
|
|
496
|
|
Adjusted operating income (non-GAAP)
|
$6,471
|
|
$5,808
|
|
|
|
|
|
|
GAAP net income
|
$3,952
|
|
$3,837
|
|
Income tax expense
|
1,458
|
|
1,463
|
|
Interest expense, net
|
478
|
|
360
|
|
Depreciation of property and equipment
|
287
|
|
271
|
|
Amortization of acquired intangible assets
|
45
|
|
45
|
|
EBITDA (non-GAAP)
|
$6,220
|
|
$5,976
|
|
|
|
|
|
|
Adjustments
|
|
|
|
|
Gain on sale of assets
|
-
|
|
(395
|
)
|
(Gain) loss on foreign currency transactions
|
(52
|
)
|
47
|
|
Equity compensation
|
635
|
|
496
|
|
Adjusted EBITDA (non-GAAP)
|
$6,803
|
|
$6,124
|
|
RCM Technologies, Inc.
Supplemental Operating Results on a Non-GAAP Basis (Continued)
(Unaudited)
(In Thousands)
|
Thirteen Weeks Ended
|
|
|
March 30,
2024
|
|
April 1,
2023
|
|
GAAP net income
|
$3,952
|
|
$3,837
|
|
Adjustments
|
|
|
|
|
Gain on sale of assets
|
-
|
|
(395
|
)
|
(Gain) loss on foreign currency transactions
|
(52
|
)
|
47
|
|
Equity compensation
|
635
|
|
496
|
|
Tax impact from normalized rate
|
(174
|
)
|
(136
|
)
|
Adjusted net income (non-GAAP)
|
$4,361
|
|
$3,849
|
|
|
|
|
|
|
GAAP diluted net earnings per share
|
$0.48
|
|
$0.41
|
|
Adjustments
|
|
|
|
|
Gain on sale of assets
|
-
|
|
(0.04
|
)
|
(Gain) loss on foreign currency transactions
|
0.00
|
|
0.00
|
|
Equity compensation
|
0.08
|
|
0.05
|
|
Tax impact from normalized rate
|
(0.03
|
)
|
(0.01
|
)
|
Adjusted diluted net earnings per share (non-GAAP)
|
$0.53
|
|
$0.41
|
|
RCM Technologies, Inc.
Summary of Selected Income Statement Data
(Unaudited)
(In Thousands)
|
Thirteen Weeks Ended March 30, 2024
|
|
|
Specialty
Health Care
|
|
Engineering
|
|
Life Sciences
and IT
|
|
Consolidated
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
$38,182
|
|
$23,505
|
|
$10,252
|
|
$71,939
|
|
Cost of services
|
27,108
|
|
18,003
|
|
6,461
|
|
51,572
|
|
Gross profit
|
$11,074
|
|
$5,502
|
|
$3,791
|
|
$20,367
|
|
Gross profit margin
|
29.0
|
%
|
23.4
|
%
|
37.0
|
%
|
28.3
|
%
|
|
Thirteen Weeks Ended April 1, 2023
|
|
|
Specialty
Health Care
|
|
Engineering
|
|
Life Sciences
and IT
|
|
Consolidated
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
$39,130
|
|
$18,490
|
|
$9,504
|
|
$67,124
|
|
Cost of services
|
27,458
|
|
14,444
|
|
6,198
|
|
48,100
|
|
Gross profit
|
$11,672
|
|
$4,046
|
|
$3,306
|
|
$19,024
|
|
Gross profit margin
|
29.8
|
%
|
21.9
|
%
|
34.8
|
%
|
28.3
|
%
|
RCM Technologies, Inc.
Condensed Consolidated Balance Sheets
(Unaudited)
(In Thousands, Except Share Amounts)
|
March 30,
|
|
December 30,
|
|
|
2024
|
|
2023
|
|
|
(Unaudited)
|
|
|
|
Current assets:
|
|
|
|
|
|
Cash and cash equivalents
|
$2,099
|
|
$6,284
|
|
|
Accounts receivable, net
|
73,486
|
|
70,690
|
|
|
Transit accounts receivable
|
9,722
|
|
8,891
|
|
|
Prepaid expenses and other current assets
|
4,515
|
|
4,637
|
|
|
|
Total current assets
|
89,822
|
|
90,502
|
|
|
|
|
|
|
|
|
Property and equipment, net
|
4,386
|
|
4,005
|
|
|
|
|
|
|
Deposits
|
290
|
|
313
|
|
Deferred income taxes, foreign
|
53
|
|
55
|
|
Goodwill
|
22,147
|
|
22,147
|
|
Operating right of use asset
|
3,147
|
|
2,779
|
|
Intangible assets, net
|
638
|
|
683
|
|
|
|
Total other assets
|
26,275
|
|
25,977
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
$120,483
|
|
$120,484
|
|
Current liabilities:
|
|
|
|
|
|
Accounts payable and accrued expenses
|
$13,596
|
|
$12,454
|
|
|
Transit accounts payable
|
31,715
|
|
31,102
|
|
|
Accrued payroll and related costs
|
12,174
|
|
11,203
|
|
|
Finance lease payable
|
116
|
|
233
|
|
|
Income taxes payable
|
778
|
|
330
|
|
|
Operating right of use liability
|
615
|
|
693
|
|
|
Contingent consideration from acquisitions
|
300
|
|
300
|
|
|
Deferred revenue
|
3,514
|
|
1,881
|
|
|
|
Total current liabilities
|
62,808
|
|
58,196
|
|
|
|
|
|
|
Deferred income taxes, net, foreign
|
185
|
|
187
|
|
Deferred income taxes, net, domestic
|
1,619
|
|
1,568
|
|
Contingent consideration from acquisitions, net of current position
|
1,671
|
|
1,671
|
|
Operating right of use liability, net of current position
|
2,644
|
|
2,268
|
|
Borrowings under line of credit
|
22,159
|
|
30,804
|
|
|
Total liabilities
|
91,086
|
|
94,694
|
|
|
|
|
|
|
Contingencies (note 15)
|
-
|
|
-
|
|
|
|
|
|
|
Stockholders’ equity:
|
|
|
|
|
|
Preferred stock, $1.00 par value; 5,000,000 shares authorized;
|
|
|
|
|
|
|
no shares issued or outstanding
|
-
|
|
-
|
|
|
Common stock, $0.05 par value; 40,000,000 shares authorized;
|
|
|
|
|
|
|
17,775,693 shares issued and 7,947,087 shares outstanding at
March 30, 2024 and 17,673,427 shares issued and 7,844,821 shares
outstanding at December 30, 2023
|
887
|
|
882
|
|
|
Additional paid-in capital
|
116,256
|
|
116,579
|
|
|
Accumulated other comprehensive loss
|
(2,840
|
)
|
(2,813
|
)
|
|
Accumulated deficit
|
(15,313
|
)
|
(19,265
|
)
|
|
Treasury stock, 9,828,606 shares at March 30, 2024 and
|
|
|
|
|
|
December 30, 2023, at cost
|
(69,593
|
)
|
(69,593
|
)
|
|
|
Total stockholders’ equity
|
29,397
|
|
25,790
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders’ equity
|
$120,483
|
|
$120,484
|
|
RCM Technologies, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(In Thousands)
|
Thirteen Weeks Ended
|
|
|
March 30,
2024
|
|
April 1,
2023
|
|
Net income
|
$3,952
|
|
$3,837
|
|
Adjustments to reconcile net income to cash
used in operating activities
|
1,250
|
|
703
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
Accounts receivable
|
(2,802
|
)
|
(8,035
|
)
|
|
Prepaid expenses and other current assets
|
120
|
|
960
|
|
|
Net of transit accounts receivable and payable
|
(219
|
)
|
1,472
|
|
|
Accounts payable and accrued expenses
|
1,345
|
|
(1,667
|
)
|
|
Accrued payroll and related costs
|
976
|
|
2,404
|
|
|
Right of use liabilities
|
(304
|
)
|
(348
|
)
|
|
Income taxes payable
|
451
|
|
141
|
|
|
Deferred revenue
|
1,633
|
|
(310
|
)
|
|
Deposits
|
24
|
|
11
|
|
Total adjustments
|
2,474
|
|
(4,669
|
)
|
Net cash provided by (used in) operating activities
|
6,426
|
|
(832
|
)
|
|
|
|
|
|
Net cash used in investing activities
|
(669
|
)
|
(332
|
)
|
Net cash (used in) provided by financing activities
|
(9,714
|
)
|
2,416
|
|
Effect of exchange rate changes on cash and cash equivalents
|
(228
|
)
|
234
|
|
(Decrease) increase in cash and cash equivalents
|
($4,185
|
)
|
$1,486
|
|
v3.24.1.u1
Document And Entity Information
|
May 08, 2024 |
Document Information [Line Items] |
|
Entity, Registrant Name |
RCM Technologies, Inc.
|
Document, Type |
8-K
|
Document, Period End Date |
May 08, 2024
|
Entity, Incorporation, State or Country Code |
NV
|
Entity, File Number |
1-10245
|
Entity, Tax Identification Number |
95-1480559
|
Entity, Address, Address Line One |
2500 McClellan Avenue, Suite 350
|
Entity, Address, City or Town |
Pennsauken
|
Entity, Address, State or Province |
NJ
|
Entity, Address, Postal Zip Code |
08109-4613
|
City Area Code |
856
|
Local Phone Number |
356-4500
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity, Emerging Growth Company |
false
|
Title of 12(b) Security |
Common Stock
|
Trading Symbol |
RCMT
|
Security Exchange Name |
NASDAQ
|
Amendment Flag |
false
|
Entity, Central Index Key |
0000700841
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
RCM Technologies (NASDAQ:RCMT)
Historical Stock Chart
From Aug 2024 to Sep 2024
RCM Technologies (NASDAQ:RCMT)
Historical Stock Chart
From Sep 2023 to Sep 2024