RADA Electronic Industries (RADA) Swings to Q4 Loss

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RADA Electronic Industries Announces Full Year 2014 Results

April 29, 2015 11:45 AM EDT

NETANYA, Israel, April 29, 2015 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA) today announced its financial results for the year and quarter ended December 31, 2014.

Full Year 2014 Results

Revenues totaled $22.5 million, a 3% increase when compared with $21.8 million in 2013.

Gross profit totaled $6.5 million, a 42% increase when compared with $4.6 million for 2013.

Operating expenses totaled $5.0 million, a 4.7% decrease when compared with $5.3 million in 2013.

Operating income totaled $1.4 million, compared with an operating loss of $0.7 million in 2013.

As a result, the... More