real-time news and commentary for investors
Monday, Aug 12
Arotech swings to a Q2 profit; shares soaring after hours
- Arotech (ARTX) Q2 swings to a profit on revenue of $22.4M, up from $20.4M in the year ago period.
- Net income was $0.09 per share, versus a year ago loss of $0.09 per share.
- CEO Robert Ehrlich notes: "All parts of our business are performing well and ahead of our expectations. As a result, we are increasing our 2013 guidance."
- For FY13, the company ups its revenue guidance to a range of $87M to $89M and EBITDA to a range of $4.5M to $5M. Previous guidance was for revenue of $85M to $87M and EBITDA of $2.9M to $3.4M. Backlog totaled approximately $65.7M, compared to $87.3M in Q212.
- Shares +30% AH.