RADA Electronic Industries (RADA) Tops Q3 EPS by 3c, Revenues Beat

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Go back to RADA Electronic Industries (RADA) Tops Q3 EPS by 3c, Revenues Beat

RADA Reports Q3/2020 Results: Record Performance, 2020 Revenues Projected to exceed $75 Million

November 10, 2020 6:26 AM EST

NETANYA, Israel, Nov. 10, 2020 /PRNewswire/ -- RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today its financial results for the three and nine-months periods ended September 30, 2020.

Highlights of the third quarter of 2020

Quarterly revenues up 81% year-over-year to a record $20.4 million; Gross margin increases to 38% from 36%; Net income of $2.1 million and adjusted EBITDA of $3.1 million 15% of revenues, compared to adjusted EBITDA of $1.7 million and 10% of revenues in previous quarter; 2020 revenue guidance increased to over $75 million, implying over 70% growth... More