RADA Electronic Industries (RADA) Misses Q2 EPS by 15c

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RADA Reports Q2/2022 Results

August 17, 2022 7:00 AM EDT

NETANYA, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced today its financial results for the three and six month periods ended June 30, 2022.

Highlights of the second quarter of 2022

Quarterly revenues of $23.0 million;Gross margin of 35%;Previously announced merger with DRS proceeding as expected - merger expenses of $2.6 million incurred in the second... More