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RADA and ADTL Sign MOU to Establish JV in India

NETANYA, Israel, Aug. 16, 2021 (GLOBE NEWSWIRE) RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA), a leading global provider of advanced. ....

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RADA Announces Record Q4 & Full Year 2020 Results with Strong Revenue Growth, Strong Profitability and Improving Margins

Gross margin of 39%, up from 36% in Q4 of 2019;
Net income of $ 2.6 million, compared to $0.3 million net loss in 2019;
EBITDA of $3.9 million, representing EBITDA margin of 17%.
Management Comment
Dov Sella, RADA s Chief Executive Officer commented, “We are exceptionally pleased with our performance in 2020, growing our top line by 72% to an all-time record of $76.2 million. Furthermore, even while making the significant investments in our infrastructure, including establishing a new production line and a presence in the United States, we generated EBITDA of almost $10 million for the year. Given our increased scale and that our large investments are now behind us, we look forward to continued strong revenue growth, with higher profit margins.” ....

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