8-K

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) March 17, 2008

RF INDUSTRIES, LTD.

(Name of small business issuer in its charter)

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

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:

¨ 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))

Item 2.02 Results of Operations and Financial Condition

On March 17, 2008, the Registrant issued a press release announcing information regarding its financial results for the first fiscal quarter of fiscal year ending October 31, 2008 and for the fiscal year then ended. A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

The information in Item 2.02 of this Form 8-K is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section.

Item 9.01Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No.	Description
99.1	Press Release dated March 17, 2008.

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.

March 17, 2008	By:/s/ Howard Hill
	Howard Hill President, Chief Executive Officer

EX-99.1

RF INDUSTRIES, LTD. For Immediate Release

RF Connectors/Aviel/Worswick/Neulink/Bioconnec/RadioMobile

Investor Contact:	Company Contact:
Neil Berkman Associates	Howard Hill, President
(310) 826 - 5051	(858) 549-6340
info@berkmanassociates.com	rfi@rfindustries.com

 RF Industries Sales Jump 21% to First Quarter Record $3.8 Million

Net Income is $0.05 vs $0.01 Per Diluted Share; Declares $0.03 per share Dividend

SAN DIEGO, CA, March 17, 2008 . . . RF INDUSTRIES, LTD. (NASDAQ:RFIL) today announced that sales for the quarter ended January 31, 2008 increased 21% to a first quarter record $3,827,000, compared to $3,152,000 in the same quarter last year. Net income was $182,000, or $0.05 per diluted share, compared to $33,000, or $0.01 per diluted share, in the first quarter last year.

RFI's Board of Directors approved a quarterly dividend of $0.03 per common share, payable on April 16, 2008 to shareholders of record on March 31, 2008.

First Quarter Review

"Record first quarter sales, typically our seasonally weakest period, reflect a 16% sales gain at the RF Connector and Cable Assembly division and a 138% sales gain for the Neulink division. The combined improvement in gross margin from these two businesses helped increase RFI's first quarter gross margin to 49% of sales, compared to 40% of sales in the first quarter of fiscal 2007. RF Connector is benefiting from increasing demand for connectors used in wireless infrastructure build-outs while Neulink is gaining market share for its industry leading NL6000 and NL5000 wireless transceivers. These strong sales gains have continued into the current fiscal quarter," said Howard Hill, RFI's president and CEO.

Expenses to support RadioMobile software development, combined with $80,000 of design and engineering for the next generation of Neulink and RadioMobile wireless transceivers, raised total engineering expenses to $272,000, or 7% of sales, compared to $117,000, or 4% of sales, in the first quarter last year.

As of January 31, 2008, RFI reported cash and cash equivalents of $3,845,000 and investments in available-for-sale securities of $4,332,000 for a total of $8,177,000 in liquid and short-term near-liquid resources, working capital of $14,595,000 a 12 to 1 current ratio, no long-term debt and stockholders' equity of $15,008,000, or $4.56 per share.

Product Development

Neulink and RadioMobile are developing, and currently expect to introduce later this year the NL900S, a 900Mhz wireless broadband transceiver for point-to-point and mobile applications. The NL900S's powerful forward error correction software is being designed to enable throughput exceeding 500Kbit, making this device capable of supporting wireless VoIP, data and streaming video transmission over ranges exceeding 5 miles. Operating in the unlicensed 900Mhz frequency range, this product will enable wireless Ethernet and Internet access without additional FCC regulatory requirements.

(more)

7610 Miramar Road, San Diego, CA 92126-4202 ● (858) 549-6340 ● (800) 233-1728 ● FAX (858) 549-6345

E-mail: rfi@rfindustries.com● Internet: www.rfindustries.com

RF Industries First Quarter Sales Increase 21% to First Quarter Record $3.8 Million

March 17, 2008

Page Two

RadioMobile will use this next-generation wireless platform for a wide variety of conventional data networking applications, to support legacy customers and to provide new customers with state-of-the-art capabilities. Combining this radio with a CPU and a new touch-screen data terminal, RadioMobile plans to introduce later this year a low cost, compact, rugged, wireless package for mobile data transmission and public safety markets.

Software products also under development include a graphic user interface (GUI) mirroring existing equipment in place at a large potential mobile data customer and a software TCP/IP interface enabling direct wireless communications with Ethernet routers, switches and Internet applications.

About RF Industries

The RF Connectors and Cable Assembly division designs and distributes radio frequency (RF) coaxial connectors and cable assemblies used for Wi-Fi, PCS, radio, test instruments, computer networks and antenna devices. Aviel Electronics provides custom microwave and RF Connector solutions to aerospace, OEM and Government agencies. Worswick provides coaxial connectors and cable assemblies primarily to retail and local multi-media and communications systems customers. Neulink designs and markets wireless digital data transmission products for industrial monitoring, wide area networks, GPS tracking and locations systems. RadioMobile is an OEM provider of End-to-End mobile wireless network solutions for public safety, emergency medical, Transportation and industrial customers. RFI's Bioconnect operation designs, manufactures and distributes specialized electrical cabling and interconnect products to the medical monitoring market.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995.

The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to future events, the occurrence of which involve risks and uncertainties, including, without limitation, a decrease in the demand for the Company's products as a result of changes in the telecommunications or wireless products markets, increased competition, the effects of recently completed or future acquisitions of other businesses, and other uncertainties detailed in the Company's Securities and Exchange Commission filings. All forward-looking statements are based upon information available to the Company on the date they are published and the Company undertakes no obligation to publicly update or revise any forward- looking statements to reflect events or new information after the date of this release.

(tables attached)

#4508

RF INDUSTRIES, LTD.

CONDENSED STATEMENTS OF INCOME

(in thousands, except per share and share amounts)(unaudited)

	Three Months Ended
	January 31,
	2008		2007
Net sales	$	3,827	$	3,152
Cost of sales		1,956		1,890
Gross profit		1,871		1,262
Operating expenses:
Engineering		272		117
Selling and general		1,332		1,124
Total operating expenses		1,604		1,241
Operating income		267		21
Other income - interest		70		109
Income before provision for income taxes		337		130
Provision for income taxes		155		97
Net income	$	182	$	33
Earnings per share
Basic	$	0.06	$	0.01
Diluted	$	0.05	$	0.01
Weighted average shares outstanding
Basic		3,291,503		3,256,758
Diluted		3,723,300		3,817,132

RF INDUSTRIES, LTD.

CONDENSED BALANCE SHEETS

(in thousands)

(Unaudited)

	Jan. 31,		Oct. 31,
	2008		2007
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	3,845	$	3,400
Investments in available-for-sale securities		4,332		4,532
Trade accounts receivable, net		1,694		1,900
Inventories		5,447		4,955
Other current assets		372		242
Deferred tax assets		240		322
TOTAL CURRENT ASSETS		15,930		15,351
Property and equipment, net		204		256
Goodwill		308		308
Amortizable intangible asset, net		98		115
Note receivable from stockholder		67		67
Other assets		31		31
TOTAL ASSETS	$	16,638	$	16,128
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$	284	$	205
Accrued expenses		1,008		697
Income taxes payable		43		168
TOTAL CURRENT LIABILITIES		1,335		1,070
Deferred tax liabilities		37		70
Other long-term liabilities		258		47
TOTAL LIABILITIES		1,630		1,187
STOCKHOLDERS' EQUITY:
Common stock - authorized 10,000,000 shares of $0.01 par value; 3,291,999 and 3,285,969 shares issued and outstanding		33		33
Additional paid-in capital		5,870		5,700
Retained earnings		9,105		9,208
TOTAL STOCKHOLDERS' EQUITY		15,008		14,941
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	16,638	$	16,128