RADA Electronic Industries (RADA) Reports Q3 Loss Per Share of $0.13

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Go back to RADA Electronic Industries (RADA) Reports Q3 Loss Per Share of $0.13

RADA Electronic Industries Announces Results for Third Quarter and the Nine Months Ended September 30, 2015

November 17, 2015 4:30 PM EST

NETANYA, Israel, Nov. 17, 2015 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA) today announced its financial results for the third quarter and the nine months ended September 30, 2015.

2015 third Quarter Results

Revenues totaled $3.3 million, a 31% decrease compared to $4.8 million in the third quarter of 2014.

Gross Profit totaled $0.6 million, a 58% decrease compared to $1.3 million in the third quarter of 2014.

Operating Expenses totaled $1.24 million, a 2% increase compared to $1.21 million in the third quarter of 2014.

Financial Expenses totaled approximately $1.1... More