RADA Electronic Industries (RADA) Tops Q2 EPS by 2c, Revenues Beat; Raises FY20 Revenue Guidance Above Consensus
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RADA Reports Record Q2/2020 Results and Increases 2020 Revenue Guidance to $70 Million
August 11, 2020 7:02 AM EDTNETANYA, Israel, Aug. 11, 2020 /PRNewswire/ -- RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today its financial results for the three and six months periods ended June 30, 2020.
Highlights of the second quarter of 2020
Quarterly revenues up 75% year-over-year to a record $17.5 million Net income of $0.7 million and Adjusted EBITDA of $1.75 million 10% of revenue 2020 revenue guidance increased to over $70 million, implying over 58% growth year-over-year, with continued sequential revenue growth throughout the remainder of the year US manufacturing facility at full operation to supply... More