Seeking Alpha

Arotech updates 2014 revenue and EBITDA estimates

  • Arotech's (ARTX) training and simulation division, FAAC Inc., has been awarded a $36M contract from the U.S. Army for its virtual clearance training suite program.
  • As a result, the company has updated its 2014 revenue and EBITDA estimates. Full-year revenue is now expected to range between $105-111M, and EBITDA is expected to be between $7.8-8.3M.
  • ARTX -10.5% premarket

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Comments (1)
  • mister-ugly
    , contributor
    Comments (210) | Send Message
     
    at end day EBITDA prevailed over short attack on open. Facts are even though revenue was cut (remember first quarter of acquisition was not included in earnings nor for full year most likely bringing down revenue) though still over 2013. Backorders climbed significantly from first quarter showing strength and with new orders displacing myth of decreasing backorders.
    23 Jun 2014, 11:49 PM Reply Like
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