RADA - RADA STOCK NEWS

RADA Electronic Industries aims for organic revenue growth exceeding $250 million in 3-4 years, leveraging M&A strategies. In 2021, the company achieved record revenues of $117 million, marking a 54% year-over-year growth. For 2022, RADA expects $140 million in revenue, a 20% increase, with significant contributions from the U.S. market. The company anticipates further growth driven by the APS segment starting in 2023, expecting non-U.S. revenues to match U.S. revenues by 2024. CEO Dov Sella highlighted a $1 billion pipeline for future business.

RADA Electronic Industries announced record revenues of $117 million for 2021, a significant 54% year-over-year growth. The company will host an investor and analyst webinar on January 11, 2022, to discuss its achievements and expectations for 2022. CEO Dov Sella expressed optimism about future growth, particularly with the Active Protection market expected to make notable contributions starting in 2023. Detailed financial results for Q4 and the full year are set to be published on February 9, 2022.

RADA Electronic Industries Ltd. (NASDAQ: RADA) has received $5 million in production orders for its innovative exMHR radar platform. Currently in advanced integration and testing, field tests will begin in early 2022, with customer deliveries slated for mid-2022. CEO Dov Sella emphasized the significant market opportunity this product presents, which enhances RADA's competitive edge and expands its Total Addressable Market. The exMHR radar, designed for various defense applications, is expected to be a major growth driver for the company moving forward.

RADA Electronic Industries reported robust financial results for Q3 2021, posting revenues of $32 million, a 57% YoY increase. Net income reached $6 million, reflecting a 184% YoY growth. The company reported a gross margin improvement to 41% and an operating profit that more than tripled to $6.3 million. Adjusted EBITDA surged 162% to $8.2 million, with a margin of 26%. With a solid cash position of $86.6 million, RADA expects to surpass $120 million in revenue for 2021, supported by a strengthened pipeline and inventory strategy.

RADA Electronic Industries Ltd. (NASDAQ: RADA) has announced it will release its third quarter 2021 financial results on November 3, 2021. Following the release, a conference call will occur at 9:00 am ET, led by CEO Dov Sella and CFO Avi Israel, with a Q&A session afterward. Interested participants can call in using designated numbers or access a live webcast on RADA's website. A replay of the call will be available 48 hours post-event.

RADA specializes in defense technology, focusing on radar solutions and avionics systems.

RADA Electronic Industries reported $24 million in new business for Q3 2021, contributing to a total of $80 million year-to-date, marking a 36% increase over the previous year. Most of the new orders are for RADA's software-defined tactical radars in Active Protection Systems (APS) and counter UAV solutions. The company anticipates APS revenues will begin in late 2022, with a significant impact expected in 2023. CEO Dov Sella expressed optimism about maintaining strong momentum, reiterating revenue expectations of over $120 million for 2021.

On August 16, 2021, RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced the resignation of board member Haim Regev, who is now the Israeli Ambassador to the EU and NATO forces. Regev has been with RADA since May 2019. The company expressed gratitude for his service. RADA specializes in advanced software-defined tactical radars, focusing on markets such as military protection and border surveillance.

RADA Electronic Industries Ltd. (NASDAQ: RADA) has announced a Memorandum of Understanding with Alpha Design Technologies Pvt. Ltd. to form a Joint Venture aimed at marketing and manufacturing its advanced radar systems in India. This strategic alliance aligns with India's defense policies and aims to capitalize on the growing need for defense technologies tailored to local requirements. RADA's CEO, Dov Sella, emphasized the importance of establishing a local presence to better serve the Indian Armed Forces, while ADTL highlighted the compatibility of RADA's radars with emerging threats.

RADA Electronic Industries reported a strong financial performance for Q2 2021, with revenues of $28.3 million, marking a 61% year-over-year increase. Gross margin rose to 40% from 36% in Q2 2020. Net income surged to $10.4 million, significantly up from $0.7 million the previous year. Adjusted EBITDA improved to $6.3 million, reflecting a margin of 22%. The company's cash position strengthened with $95.7 million in net cash. A deferred tax asset of $6 million was recorded, underscoring ongoing profitability.