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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Rada Electronics Industries Limited | NASDAQ:RADA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.87 | 10.00 | 9.38 | 0 | 01:00:00 |
• |
Quarterly revenues of $23.0 million;
|
• |
Gross margin of 35%;
|
• |
Previously announced merger with DRS proceeding as expected - merger expenses of $2.6 million incurred in the second quarter;
|
• |
Operating loss of $3.0 million;
|
• |
Net loss of $4.4 million;
|
• |
Adjusted EBITDA of $1.8 million representing margin of 7.7%;
|
• |
Quarter-end net cash position of $55.7 million.
|
US:
Israel:
International:
|
1-888-723-3164
03-918-0610
+972-3-918-0610
|
at 9:00 am Eastern Time
at 4:00 pm Israel Time
|
Company Contact:
Avi Israel (CFO)
Tel: +972-76-538-6200
mrkt@rada.com
www.rada.com
|
Investor Relations Contact:
Ehud Helft
GK Investor & Public Relations
Tel: +1 646 688 3559
rada@gkir.com
|
Six months ended
June 30, |
Three months ended
June 30, |
Year ended
December 31,
|
||||||||||||||||||
2022
|
2021
|
2022
|
2021
|
2021
|
||||||||||||||||
(Unaudited)
|
Audited | |||||||||||||||||||
Net income (loss)
|
$
|
(5,080
|
)
|
$
|
14,215
|
$
|
(4,395
|
)
|
$
|
10,443
|
$
|
25,074
|
||||||||
Tax expenses (income), net
|
719
|
(6,038
|
)
|
882
|
(6,038
|
)
|
(4,875
|
)
|
||||||||||||
Financial (income) expenses, net
|
482
|
(122
|
)
|
494
|
97
|
159
|
||||||||||||||
Depreciation
|
2,448
|
1,599
|
1,257
|
843
|
3,660
|
|||||||||||||||
Employees non-cash option compensation
|
1,775
|
1,327
|
908
|
855
|
3,022
|
|||||||||||||||
Other expenses
|
2,628
|
-
|
2,628
|
-
|
-
|
|||||||||||||||
Other non-cash amortization
|
81
|
135
|
-
|
127
|
247
|
|||||||||||||||
Adjusted EBITDA
|
$
|
3,053
|
$
|
11,116
|
$
|
1,774
|
$
|
6,327
|
$
|
27,287
|
Six months ended
June 30, |
Three months ended
June 30, |
Year ended
December 31,
|
||||||||||||||||||
2022
|
2021
|
2022
|
2021
|
2021
|
||||||||||||||||
(Unaudited)
|
Audited
|
|||||||||||||||||||
Revenues
|
$
|
45,568
|
$
|
53,472
|
$
|
23,061
|
$
|
28,255
|
$
|
117,236
|
||||||||||
Cost of revenues
|
30,245
|
32,243
|
15,081
|
16,990
|
69,691
|
|||||||||||||||
Gross profit
|
15,323
|
21,229
|
7,980
|
11,265
|
47,545
|
|||||||||||||||
Operating expenses:
|
||||||||||||||||||||
Research and development
|
5,795
|
4,993
|
2,941
|
2,555
|
10,014
|
|||||||||||||||
Marketing and selling
|
3,813
|
2,956
|
1,930
|
1,530
|
6,235
|
|||||||||||||||
General and administrative
|
6,966
|
5,225
|
3,500
|
2,678
|
10,933
|
|||||||||||||||
Other expenses
|
2,628
|
-
|
2,628
|
-
|
-
|
|||||||||||||||
Net loss from sale of fixed asset
|
-
|
-
|
-
|
-
|
5
|
|||||||||||||||
Total operating expenses
|
19,202
|
13,174
|
10,999
|
6,763
|
27,187
|
|||||||||||||||
Operating income (loss)
|
(3,879
|
)
|
8,055
|
(3,019
|
)
|
4,502
|
20,358
|
|||||||||||||
Other financial income (expenses), net
|
(482
|
)
|
122
|
(494
|
)
|
(97
|
)
|
(159
|
)
|
|||||||||||
Income (loss) before taxes
|
(4,361
|
)
|
8,177
|
(3,513
|
)
|
4,405
|
20,199
|
|||||||||||||
Tax Income (expenses), net
|
(719
|
)
|
6,038
|
(882
|
)
|
6,038
|
4,875
|
|||||||||||||
Net income) loss)
|
$
|
(5,080
|
)
|
$
|
14,215
|
$
|
(4,395
|
)
|
$
|
10,443
|
$
|
25,074
|
||||||||
Basic net income (loss) per ordinary share
|
$
|
(0.10
|
)
|
$
|
0.30
|
$
|
(0.09
|
)
|
$
|
0.21
|
$
|
0.52
|
||||||||
Diluted net income (loss) per Ordinary share
|
$
|
(0.10
|
)
|
$
|
0.29
|
$
|
(0.09
|
)
|
$
|
0.20
|
$
|
0.50
|
||||||||
Weighted average number of Ordinary shares used for computing basic net income (loss) per share
|
49,592,329
|
47,145,784
|
49,710,730
|
49,129,699
|
48,255,097
|
|||||||||||||||
Weighted average number of Ordinary shares used for computing diluted net income (loss) per share
|
51,120,644
|
49,123,135
|
51,173,263
|
51,065,274
|
50,077,416
|
1 Year Rada Electronics Industr... Chart |
1 Month Rada Electronics Industr... Chart |
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