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RADA Electronic Industries announced a public offering of 4,500,000 ordinary shares at $11.50 per share, expected to generate approximately $51.75 million in gross proceeds before expenses. The underwriters have a 30-day option to purchase an additional 675,000 shares. The offering is anticipated to close around March 8, 2021, subject to standard closing conditions. RADA plans to utilize the net proceeds for general corporate purposes. The offering is conducted under an effective shelf registration statement.
RADA Electronic Industries Ltd. (RADA) has announced its intention to conduct an underwritten public offering of ordinary shares. The offering may include an additional 15% of shares for underwriters. The company plans to utilize the net proceeds for general corporate purposes. Joint bookrunners include Jefferies LLC, Baird, and Canaccord Genuity. The offering will be made via an effective shelf registration statement filed with the SEC. There are inherent risks and uncertainties related to market conditions, product demand, and competition that could affect the offering's success.
RADA Electronic Industries Ltd. has filed its annual report with audited consolidated financial statements for the year ended December 31, 2020, with the U.S. Securities and Exchange Commission. The report is accessible via the company’s website, and shareholders can request a free hard copy. RADA specializes in defense technology, particularly in mini-tactical radar and avionics systems, serving high-demand markets like infrastructure protection and counter-drone applications.
RADA Electronic Industries reported a record revenue of $76.2 million for 2020, a 72% increase year-over-year. Q4 2020 revenue reached $23.3 million, up 62% YoY, with a gross margin of 39%. The company achieved a net income of $5.6 million for the year, compared to a net loss in 2019. RADA also announced a $3 million investment for a 12% stake in RADSee Technologies. Management is optimistic, projecting revenues to exceed $120 million in 2021, supported by strong order momentum.
RADA Electronic Industries Ltd. (Nasdaq: RADA, TASE: RADA) will release its financial results for Q4 and full year 2020 on February 10, 2021. A conference call will be held at 10:00 am ET, hosted by CEO Dov Sella and CFO Avi Israel. Interested participants can register via the company's website to access the live webcast. Key focus areas include RADA's developments in radar solutions and avionics systems, as the company aims to address high-growth markets such as military protection and border surveillance.
RADA Electronic Industries Ltd. announces its dual listing on the Tel Aviv Stock Exchange (TASE), effective February 2, 2021, alongside its ongoing presence on NASDAQ (RADA). With a market cap over NIS 1.4 billion, RADA aims to join multiple leading TASE indices by April 2021. The dual listing will enhance investor access without additional reporting requirements beyond those mandated by the U.S. SEC. RADA specializes in tactical radars and avionics, contributing to high-growth markets including military protection and border surveillance.
RADA Electronic Industries Ltd. (NASDAQ: RADA) has announced its plan to seek a dual listing on the Tel Aviv Stock Exchange (TASE), in addition to its existing NASDAQ listing. This strategic move, approved by the Board of Directors, aims to broaden its investor base and attract more interest from Israeli institutions. RADA focuses on advanced radar solutions and avionics systems, targeting sectors like military protection and border surveillance. The company will maintain compliance with U.S. Securities and Exchange Commission regulations for foreign private issuers.
RADA Electronic Industries Ltd. (Nasdaq: RADA) announced that its major shareholder, DBSI, will sell approximately 3.9 million shares to Israeli institutional investors. This move will enhance RADA's shareholder base and free-float, reducing DBSI's stake to about 2.8 million shares or 7% of RADA’s outstanding share capital. DBSI Chairman, Yossi Ben Shalom, confirmed the family office’s continued support for RADA, indicating confidence in the company’s long-term value creation potential. RADA specializes in radar solutions and avionics for defense applications.
RADA Electronic Industries Ltd. (Nasdaq: RADA) announced participation in upcoming virtual investor conferences. Key events include: January 14 at the 23rd Annual Needham Virtual Growth Conference, with a presentation at 12:30pm ET; February 4 at the AGP Virtual Emerging Growth Technology Conference; and February 11 at the Cowen 42nd Annual Aerospace/Defense & Industrials Conference, presenting at 8:30am ET. Interested investors should contact their organizing banks or RADA’s investor relations team.
RADA Electronic Industries Ltd. (NASDAQ: RADA) has announced its revenue guidance for 2021, projecting over $120 million. The company expects steady revenue and profitability growth throughout the year, driven by increased market acceptance of its tactical radars and a growing order backlog. CEO Dov Sella highlighted the robust demand and confidence in continuing a 60% revenue growth rate. The primary revenue will come from multi-mission, software-defined tactical radar systems, particularly in the US market, which is expected to enhance gross margins and profitability.
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