-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Quu56AteMGD0YTIG28LUVCT7s7DOFAj2qG3n+lclLdQizA5/umvuXfOnoqGwyB2B
 02SQjPjqRcMyeoqlQCo/fw==

<SEC-DOCUMENT>0000740664-03-000022.txt : 20030610
<SEC-HEADER>0000740664-03-000022.hdr.sgml : 20030610
<ACCEPTANCE-DATETIME>20030610120138
ACCESSION NUMBER:		0000740664-03-000022
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030430
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20030610

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			R F INDUSTRIES LTD
		CENTRAL INDEX KEY:			0000740664
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC CONNECTORS [3678]
		IRS NUMBER:				880168936
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13301
		FILM NUMBER:		03738560

	BUSINESS ADDRESS:	
		STREET 1:		7610 MIRAMAR RD
		STREET 2:		BLDG 6000
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92126-2313
		BUSINESS PHONE:		8585496340

	MAIL ADDRESS:	
		STREET 1:		7620 MIRAMAR RD #4100
		STREET 2:		7620 MIRAMAR RD #4100
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92126-4202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CELLTRONICS INC
		DATE OF NAME CHANGE:	19910204
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k20032.txt
<DESCRIPTION>2ND QUARTER RESULTS 2003
<TEXT>
 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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) June 10, 2003


                               RF INDUSTRIES, LTD.
                 (Name of small business issuer in its charter)


                     Nevada                                0-13301
 (State or Other Jurisdiction of Incorporation)     (Commission File Number)


                                   88-0168936
                      (I.R.S. Employer Identification No.)


                         7610 Miramar Road, Bldg. 6000,
                        San Diego, California 92126-4202
                    (Address of Principal Executive Offices)

                                 (858) 549-6340
                         (Registrant's Telephone Number)



<PAGE>


Item 5. Other Events and Regulation FD Disclosure

     On June 10, 2003, RF  Industries,  Ltd.  issued the attached  press release
regarding the results of the second quarter 2003.

Item 7. Financial Statements and Exhibits

     The following documents are being filed with this statement as exhibits and
are incorporated herein by reference:

99.1     Press release, dated June 10, 2003.


                                   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.

June 10, 2003



                                                   By: /s/ Terrie A. Gross
                                                      --------------------------
                                                       Terrie A. Gross
                                                       Chief Financial Officer




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>pressrelease061003.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
RF INDUSTRIES, LTD                                        For Immediate Release

RF Connectors/Neulink
- ---------------------



Investor Contact:                                              Company Contact:
 Neil Berkman Associates                                       Howard F. Hill
 (310) 277 - 5162                                              President/CEO
 info@berkmanassociates.com                                   (858) 549-6340

                  RF Industries Reports Second Quarter Results


          SAN DIEGO, CA., -- June 10, 2003 -- RF INDUSTRIES, LTD., (NASDAQ:RFIL)
     announced  today that net income for the three  months ended April 30, 2003
     was $79,000, or $0.02 per diluted share, compared to $161,000, or $0.04 per
     diluted  share,  in the same quarter last year.  Net sales were  $2,166,000
     compared to $2,091,000 last year.

          For the first half ended April 30, 2003,  net income was $214,000,  or
     $.06 per diluted share, compared to $244,000, or $.06 per diluted share, in
     the first half last year. Net sales were $4,493,000, compared to $4,276,000
     last year.

          "Second  quarter  results were affected by continuing  weakness in the
     telecom industry.  RFI is responding by introducing new products engineered
     for the rapidly growing Wi-Fi  marketplace and by designing  connectors and
     cable assemblies targeted at military and defense industry applications.

          "The operations of the Bioconnect Division have been consolidated into
     RF  Connector  and  we  have  reduced  Bioconnect's  operating  losses.  RF
     Connectors'  sales team has  commenced  a new  medical  products  marketing
     program and is currently  redesigning  these  specialized  cabling and lead
     products to address a larger  segment of the medical  electronic  equipment
     market. We anticipate this product line's profitability will improve as the
     year progresses," said Howard Hill, president of RF Industries.

          Hill noted that  Neulink's  first half sales were up 28% to  $706,000,
     marking the division's  best six month start in years.  "Neulink is nearing
     the  successful  completion  of its next  generation  wireless  transceiver
     product line. This exciting product design can potentially  address a broad
     range of  wireless  applications  and could  position  Neulink for years of
     strong growth," said Hill.

          At April 30, 2003,  RFI reported  cash and short term  investments  of
     $4,402,000,  working  capital of $9,361,000,  a 21 to 1 current  ratio,  no
     long-term debt and stockholders' equity of $9,779,000,  or $2.88 per share.
     On May 22, 2003, the Company  announced the  acquisition  and retirement of
     752,167 shares of common stock purchased in a private transaction for $3.00
     per share. Consequently, at the time of this release, the Company currently
     has approximately 2,700,000 common shares issued and outstanding.

          RF  Industries'   (www.RFIndustries.com)  makes  products  to  connect
     wireless and wired systems. Coaxial connectors,  cables and wireless modems
     are integral components enabling the receipt and transmission of high-speed
     wireless  voice and data.  RF  Connectors  designs  and  distributes  radio
     frequency (RF) coaxial connectors and cable assemblies for PCS, radio, test
     instruments,   computer  networks  and  antenna  devices.  Neulink  markets
     wireless digital data transmission products for industrial monitoring, wide
     area  networks,  GPS tracking and locations  systems.  BioConnect  designs,
     manufactures   and   distributes   specialized   electrical   cabling   and
     interconnect products to the medical monitoring market.

     The statements contained in this release which are not historical facts may
     be deemed to contain forward-looking statements with respect to events, the
     occurrence  of which involve risks and  uncertainties,  including,  without
     limitation, uncertainties detailed in the Company's Securities and Exchange
     Commission filings.


                                    * * * * *

                                                                          #3328

<PAGE>

<TABLE>
<CAPTION>
                                                              RF INDUSTRIES, LTD.
                                                   Condensed Consolidated Statements of Income
                                          (in thousands except share and per share amounts)(unaudited)

                                                    Three Months Ended          Six Months Ended
                                                         April  30,                 April  30,
                                                    -------------------       -------------------
                                                     2003         2002         2003         2002
                                                    ------       ------       ------       ------
<S>                                                <C>          <C>          <C>          <C>
Net sales ..................................       $ 2,166      $ 2,091      $ 4,493      $ 4,276
 Cost of sales .............................         1,072          967        2,264        2,107
                                                  --------     --------     --------     --------
     Gross profit ..........................         1,094        1,134        2,229        2,169
                                                  --------     --------     --------     --------

Operating expenses:
    Engineering ............................           188          142          386          306
    Selling and general ....................           772          736        1,496        1,505
                                                   --------    --------     ---------    --------
     Total expenses ........................           960          878        1,882        1,811
                                                   --------    --------     ---------    --------
Operating income ...........................           134          256          347          358

Other income:
  Commissions ..............................            --           --           --            8
  Interest income ..........................             5           16           16           40
                                                   --------    --------     ---------    --------
Total other income .........................             5           16           16           48

Income before provision for income tax .....           139          272          363          406
 Provision for state & federal income tax ..            60          111          149          162
                                                   --------    --------     ---------    --------
       Net income ..........................        $   79       $  161       $  214       $  244
                                                   ========    ========     ========     ========
  Earnings per share - Basic ...............        $ 0.02       $ 0.05       $ 0.06       $ 0.07
                                                   ========    ========     ========     ========
  Earnings per share - Diluted .............        $ 0.02       $ 0.04       $ 0.06       $ 0.06
                                                   ========    ========     ========     ========

Weighted average shares outstanding  - Basic     3,398,014    3,409,354    3,399,146    3,409,354
Weighted average shares outstanding - Diluted    3,709,455    3,851,303    3,680,993    3,848,809
                                                                                                                   -------------
</TABLE>
<PAGE>


                                            Summary Balance Sheets


                                                         April 30,   October 31,
                                                           2003         2002
                                                        ----------   -----------
                                                        (Unaudited)   (Audited)

Cash and Cash Equivalents .............................   $ 4,402       $ 3,939
Trade Accounts Receivable, Net ........................     1,030         1,147
Inventories, net ......................................     3,924         4,144
Other Current Assets ..................................       465           343
                                                           -------       -------
          Total Current Assets ........................     9,821         9,573
                                                           -------       -------

Property, Plant & Equipment, Net ......................       391           435
Other Assets ..........................................       135           138
                                                           -------       -------
          Total Assets ................................   $10,347       $10,146
                                                          ========      ========

Total Current Liabilities .............................   $   460       $   442
Other Liabilities .....................................       108           108
                                                           -------       -------
          Total Liabilities ...........................       578           550

Total Stockholders' Equity ............................     9,779         9,596
                                                           -------       -------

          Total Liabilities & Stockholders' Equity .....  $10,347       $10,146
                                                          ========      ========


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
