RADA Electronic Industries (RADA) Tops Q3 EPS by 2c

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Go back to RADA Electronic Industries (RADA) Tops Q3 EPS by 2c

RADA Reports Adjusted EBITDA growth of 162% YoY Reaching $8.2 million in its Record Q3/2021 Results

November 3, 2021 6:06 AM EDT

NETANYA, Israel, Nov. 03, 2021 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced today its financial results for the three-month and nine-month periods ended September 30, 2021.

Highlights of the third quarter of 2021

Quarterly revenues up 57% year-over-year and a sequential 13% increase to $32 millionStrong gross margin improvement to 41% compared with 38% in the year-ago quarterOperating profit more than tripled to $6.3 million compared with $2.0 million in the year-ago quarterNet income of $6.0 million, up 184% compared with $2.1 million in the year-ago quarterAdjusted... More