RADA Electronic Industries (RADA) Swings to Q1 Loss

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Go back to RADA Electronic Industries (RADA) Swings to Q1 Loss

RADA Electronic Industries Announces 2015 First Quarter Results

May 26, 2015 9:01 AM EDT

NETANYA, Israel, May 26, 2015 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA) announced today its financial results for the quarter ended March 31, 2015.

2015 First quarter Results 

Revenues totaled $3.6 million, a 32% decrease compared to revenues of $5.3 million in the first quarter of 2014.  

Gross Profit was $0.6 million, a 61% decrease when compared with gross profit of $1.6 million in the first quarter of 2014.  

Operating Expenses were $1.1 million, a 6% decrease when... More