RADA Electronic Industries (RADA) Reports Q1 EPS of $0.00

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Go back to RADA Electronic Industries (RADA) Reports Q1 EPS of $0.00

RADA Electronic Industries Announces First Quarter 2020 Results

May 19, 2020 6:45 AM EDT

NETANYA, Israel, May 19, 2020 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today its financial results for the quarter ended March 31, 2020.

Highlights of the first quarter of 2020

Past and ongoing investments promoting strong growth, with quarterly revenues up 73% year-over-year to a record $15.1 million;Gross margin stability at 36%;Net income of $170,000 and positive Adjusted EBITDA of $863,000;US manufacturing facility ramping production;Quarter-end net cash position of $32.1 million.Reiterates 2020 revenues guidance in excess of $65 million, with continued sequential revenue... More