RADA Electronic Industries (RADA) Swings to Q2 Loss

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RADA Electronic Industries Announces Results for Second Quarter and First Half of 2015

September 1, 2015 4:00 PM EDT

NETANYA, Israel, Sept. 1, 2015 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA) today announced its financial results for the second quarter and the six months ended June 30, 2015.

2015 Second Quarter Results

Revenues totaled $4.1 million, a 37% decrease compared to $6.4 million in the second quarter of 2014.

Gross Profit totaled $0.7 million, a 67% decrease compared to $2.04 million in the second quarter of 2014.

Operating Expenses totaled $1.2 million, a 12% decrease... More