Arotech Corp. (ARTX) Misses Q2 EPS by 8c
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Arotech Reports Second Quarter and Year-To-Date 2015 Results
August 10, 2015 4:05 PM EDTANN ARBOR, Mich., Aug. 10, 2015 /PRNewswire/ --Â Arotech Corporation (NasdaqGM: ARTX) today announced financial results for its quarter and six months ended June 30, 2015.
Second Quarter 2015 Financial and Business Highlights:
Total revenues of $21.6 million Adjusted EPS of $(0.04) Completed relocation of facilities from Alabama to South Carolina expected to lower overhead costs in excess of $1.25 million on an annualized basis beginning in 2016; higher expenses related to the relocation contributed to lower Power Systems Division margins in Q2 Unexpected order delays and failure of prime to get contract... More