RADA - RADA STOCK NEWS

RADA Electronic Industries Ltd. reported significant growth for Q3 2020, with revenues soaring 81% year-over-year to $20.4 million. The gross margin improved to 38%, and net income reached $2.1 million, compared to a loss in Q3 2019. Adjusted EBITDA also rose to $3.1 million, marking 15% of revenues. With a revenue guidance increase to over $75 million, RADA is optimistic about maintaining momentum into 2021 amidst rising order backlogs. Over nine months, revenues increased by 77% to $52.9 million, with substantial improvements across key financial metrics.

RADA Electronic Industries (NASDAQ: RADA) reported $20 million in new orders since mid-September 2020, contributing to an impressive $79 million total for the year—up 92% from $41 million in 2019. These orders for software-defined tactical radars cater to various segments, including counter-drone and short-range air defense. RADA's CEO, Dov Sella, expressed optimism about ongoing growth, anticipating continued operational profits into 2021. The company emphasizes its transition from urgent needs to a growing market phase, signaling strong future demand.

RADA Electronic Industries Ltd. (Nasdaq: RADA) has announced it will release its third quarter 2020 financial results on November 10, 2020. A conference call, hosted by CEO Dov Sella and CFO Avi Israel, will take place at 10:00 am ET. Participants can access the call via various numbers provided for the US, Israel, and international callers. For those unable to attend the live call, a replay will be available on RADA's website approximately 48 hours later. RADA specializes in radar solutions and avionics systems for defense applications.

RADA Electronic Industries Ltd. (NASDAQ: RADA) reported receiving $10 million in new orders since mid-July 2020, bringing total new orders to $59 million for the year, a 68% increase from $35 million in the same period of 2019. Notably, 70% of the recent orders are for RADA's tactical radars, primarily for counter UAV and counter fires. The company expects to achieve over $70 million in revenues for 2020, marking a 58% year-over-year growth. The CEO expressed confidence in sustained growth and increased backlog for 2021.

RADA Electronic Industries Ltd. (Nasdaq: RADA) will participate in two virtual investor conferences in September 2020. The company will present at the LD Micro 500 conference from September 1-4, with CEO Dov Sella speaking on September 2 at 10am ET. Additionally, RADA will present at the H.C. Wainwright 22nd Annual Global Investment Conference from September 14-16, with a presentation on September 16 at 3:30pm ET. The CEO and CFO Avi Israel will also conduct one-on-one virtual meetings with investors during these events. Interested parties can contact conference organizers for registration.

RADA Electronic Industries Ltd. reported a significant 75% year-over-year revenue growth in Q2 2020, totaling $17.5 million. The company achieved a net income of $0.7 million and Adjusted EBITDA of $1.7 million, marking a turnaround from losses in Q2 2019. For the first half of 2020, revenues reached $32.6 million, reflecting a 74% increase. RADA raised its 2020 revenue guidance to over $70 million, driven by strong demand for its radar solutions amid military modernization efforts. The company maintains $30 million in net cash to support future growth.

RADA Electronic Industries Ltd. (Nasdaq: RADA) will participate in two virtual investor conferences in August 2020. CEO Dov Sella will present at the Jeffries Industrial Conference on August 6 at 8:35am EDT and will also be available for one-on-one meetings on August 5 and 6.

Additionally, RADA will present at the Canaccord Genuity 40th Annual Growth Conference on August 13 at 2:30pm EDT, with one-on-one meetings available from August 11 to 13.

RADA Electronic Industries Ltd. (NASDAQ: RADA) will release its Q2 2020 financial results on August 11, 2020. The company will host a conference call at 9:00 am EDT, featuring CEO Dov Sella and CFO Avi Israel, who will address questions after the presentation. Participants can join via a provided US, Israel, or international call-in number. A webcast will also be available on RADA's website. RADA specializes in radar solutions and legacy avionics, focusing on growing sectors like border surveillance and counter-drone applications.

RADA Electronic Industries Ltd. (NASDAQ: RADA) has received $8 million in new orders since June 1, 2020, bringing total new orders in 2020 to $49 million, up from $31 million in the same period of 2019. Most new orders are for software-defined tactical radars, with expectations to grow revenues to over $65 million, a 47% increase year-over-year. CEO Dov Sella noted that the consistent flow of orders, even amid the COVID-19 crisis, supports their optimistic growth outlook.