RFIL — what changed in the latest 10-Q
A section-by-section comparison of RFIL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-06-15 vs the prior 10-Q · 2026-03-16
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +11 | −1 | ~16 | 4 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 4 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-06-15
The Company continues to evaluate the realizability of its deferred tax assets on a quarterly basis. In prior periods, the Company recorded a valuation allowance due primarily to cumulative losses and other negative evidence.
The Company has generated pre-tax income in each of the most recent four consecutive fiscal quarters and has experienced improved operating results over that period. This recent profitability represents positive evidence that the Company is weighing against the historical negative evidence in assess…
If the Company is able to sustain its current level of profitability and generate sufficient future taxable income, it is reasonably possible that a reduction of a significant portion of the valuation allowance may be appropriate in a future reporting period. Any such reduction could result in a mat…
The Company’s assessment remains dependent on the level and sustainability of future earnings and other relevant factors.
Net sales for the three months ended April 30, 2026 (the “fiscal 2026 quarter”) increased by 9.4%, or $1.8 million, to $20.7 million compared to $18.9 million in the three months ended April 30, 2025 (the “fiscal 2025 quarter”). The increase in net sales was primarily attributable to net sales of th…
Text removed vs the prior filing · source: 10-Q · 2026-03-16
Net sales for the three months ended January 31, 2026 (the “fiscal 2026 quarter”) decreased by 1.1%, or $0.2 million, to $19.0 million as compared to the three months ended January 31, 2025 (the “fiscal 2025 quarter”). The decrease in net sales is attributable mainly to the integrated systems produc…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice