Reliability Incorporated  (RLBY)
Other Ticker:  
Price: $0.0410 $0.01 36.667%
Day's High: $0.041 Week Perf: 55.89 %
Day's Low: $ 0.04 30 Day Perf: -26.79 %
Volume (M): 0 52 Wk High: $ 0.08
Volume (M$): $ 0 52 Wk Avg: $0.05
Open: $0.04 52 Wk Low: $0.03

 Market Capitalization (Millions $) 12
 Shares Outstanding (Millions) 300
 Employees 1
 Revenues (TTM) (Millions $) 22
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Reliability Incorporated

   Company Address: 22505 Gateway Center Drive Clarksburg 20871 MD
   Company Phone Number: 965-1100   Stock Exchange / Ticker: RLBY
   RLBY is expected to report next financial results on March 30, 2024.


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Reliability Incorporated

Reliability Incorporated Faces Steep Decline in Revenues and Alarming Financial Results in Q3 2023

Bearish Outlook for Reliability Incorporated: Revenues Crumble and Net Shortfall Recorded
The financial third quarter of 2023 proved to be a disappointing period for Reliability Incorporated (RLBY), as the company reported balanced books of $0.00 per share compared to the same period last year and the preceding reporting season. This lack of growth is concerning, especially when considering the increasing demands and expectations of today's market.
One of the most alarming aspects of RLBY's financial performance in Q3 2023 was the significant decline in revenues. The company saw a drastic decrease of -26.176% from $6.46 million in the corresponding reporting season a year prior, to a mere $4.77 million this quarter. This decline is particularly unfavorable when compared to the mere 0.675% sequential increase from $4.74 million in the preceding reporting season. Such a nosedive in revenue indicates serious challenges and potential shortcomings within the company's core operations.

Reliability Incorporated

Reliability Incorporated's Shocking Plummet: A Jaw-Dropping -26.863% Revenue Slump Sends Shockwaves Through Industry

Reliability Incorporated, a company operating in the Electronic Instruments & Controls industry, recently reported its financial performance for the most recent fiscal period. Unfortunately, the numbers revealed a significant decline compared to the previous year and the preceding reporting season.
In terms of earnings per share (EPS), Reliability Incorporated reached 0 of $0.00 per share for the most recent fiscal period. This is the same as the previous year but down from $0.00 per share in the preceding reporting season. This stagnant EPS growth is concerning and potentially indicates a lack of profitability or stability within the company.

Reliability Incorporated

Reliability Incorporated's Steadfast Journey Towards Financial Stability

Despite facing a decrease in revenue during its most recent fiscal period, Reliability Incorporated has shown resilience in its ability to weather challenging market conditions. While the company's revenue fell by -38.371% to $5.20 million from $8.44 million in the previous year, Reliability Incorporated managed to deliver a net deficit of just $-0.195 million - a marked improvement from its prior year deficit of $-0.757 million.
With the next financial earnings report set for August 14, 2023, there is optimism that Reliability Incorporated will continue its path towards financial stability. While the company's cumulative net loss of $-1 million over the past 12 months has resulted in a negative return on equity (ROE) of -9.84%, it must be noted that 34 other companies within the Electronic Instruments & Controls industry have a higher ROE.


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