RADA - Earnings announcements

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 quarter;Operating loss of $3.0 million;Net loss of $4.4 million;Adjusted EBITDA of $1.8 million representing margin of 7.7%;Quarter-end net cash position of $55.7 million. Management Comments Dov Sella, RADA's Chief Executive Officer commented, "As we announced a few weeks

NETANYA, Israel, Aug. 08, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA & TASE: RADA) announced that it would be releasing its financial results for the second quarter of 2022 on Wednesday, August 17, 2022. The Company will host a conference call on the same day, starting at 09:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results. To participate, please call one of the following telephone numbers a few minutes before the start of the call: US:1-888-723-3164at 9:00 am Eastern TimeIsrael:03-918-0610at 4:00 pm Israel TimeInternational:+972-3-918-

All-stock merger combines Leonardo DRS, a leading U.S.-based mid-tier defense technology provider, and RADA Electronic Industries Ltd., a leading Israel-based provider of small-form tactical radars. RADA's advanced tactical radars improve Leonardo DRS's position as an air defense, counter-UAS and vehicle protection integrator, accelerating its transformation into a provider of integrated sensor systems and leader in advanced sensing and force protection markets.The Combined Company will be aligned with some of the fastest growing segments of the U.S. Department of Defense budget and positioned to pursue global opportunities through the worldwide presence of Leonardo DRS's parent company, Leo

All-stock merger combines Leonardo DRS, a leading U.S.-based mid-tier defense technology provider, and RADA Electronic Industries Ltd., a leading Israel-based provider of small-form tactical radars. RADA's advanced tactical radars improve Leonardo DRS's position as an air defense, counter-UAS and vehicle protection integrator, accelerating its transformation into a provider of integrated sensor systems and leader in advanced sensing and force protection markets. The Combined Company will be aligned with some of the fastest growing segments of the U.S. Department of Defense budget and positioned to pursue global opportunities through the worldwide presence of Leonardo DRS's parent com

NETANYA, Israel, May 10, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA & TASE: RADA) announced today its financial results for the quarter ended March 31, 2022. Highlights of the first quarter of 2022 The financial results were significantly impacted by the over 5-month US budget delay and the Continuing Resolution (CR) with respect to government appropriations to federal agencies which ended March 11, 2022;Strong bookings of over $29 million, represents over-22% year-over-year growth in new business;Quarterly revenues amounted to $22.5 million;Net loss of $0.7 million compared with net income of $3.8 million in Q1 2021;Adjusted EBIDTA of $1.3 million;Qua

NETANYA, Israel, May 04, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA & TASE: RADA) announced that it would be releasing its financial results for the first quarter of 2022 on Tuesday, May 10, 2022. The Company will host a conference call on the same day, starting at 09:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results. To participate, please call one of the following telephone numbers a few minutes before the start of the call: US:1-888-723-3164at 9:00 am Eastern TimeIsrael:03-918-0610at 4:00 pm Israel TimeInternational:+972-3-918-0610

NETANYA, Israel, Feb. 09, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ:RADA, TASE: RADA))) announced today its financial results for the year and quarter ended December 31, 2021. Highlights of Full Year 2021 Record revenues of $117.2 million, up 54% year-over-year;Gross margin of 41% up from 37% in 2020;Net income of $25.1 million compared to $5.6 million net income in 2020;Adjusted EBITDA of $27.3 million (23% margin) compared to $9.7 million (13% margin) in 2020;Year-end net cash position of $78.8 million. Highlights of Q4 2021 Quarterly revenues of $31.8 million, up 36% year-over-year;Gross margin of 41%, up from 39% in Q4 of 2020;Net income of $4.9 million compa

NETANYA, Israel, Feb. 02, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ:RADA, TASE: RADA))) announced that it would be releasing its financial results for the fourth quarter and full year 2021 on Wednesday, February 9, 2022. The Company will host a conference call later that same day, starting at 9:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results. To participate, please call one of the following telephone numbers a few minutes before the start of the call: US:1-888-723-3164at 9:00 am Eastern TimeIsrael:03-918-0610at 4:00 pm Israel TimeInternati

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 EBITDA of $8.2 million, an increase of 162% compared to $3.1 million in t

NETANYA, Israel, Oct. 21, 2021 /PRNewswire/ -- RADA Electronic Industries Ltd. (NASDAQ:RADA) (TASE: RADA) announced that it would be releasing its financial results for the third quarter of 2021 on Wednesday, November 3, 2021. The Company will host a conference call later that same day, starting at 9:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results. To participate, please call one of the following telephone numbers a few minutes before the start of the call: US:         1-888-723-3164 at 9:00 am Eastern Time Israel:    03-918-0610 at 3:00 pm Israel Time Internat

NETANYA, Israel, Aug. 02, 2021 (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, 2021. Highlights of the second quarter of 2021 Quarterly revenues up 61% year-over-year and a 12% increase from the previous quarter to $28.3 millionGross margin improved to 40% compared with 36% in the year-ago quarterA $6.0 million deferred tax asset was recorded in Q2 in view of RADA's continued profitability.Net income of $10.4 million compared with $0.7 million in the year-ago quarterAdjusted EBITDA of $6.3 million, margin improved to 22% compared with 10% in the year-ago quarter and 19