More on Arotech's Q2

Net income of $1.8M, or $0.09 per share, vs. $1.5M, or $0.10 per share, for the corresponding period in 2013.

Revenues of $27.8M vs. $22.4M for the same period last year.

Adjusted EBITDA of $4M vs. $2.5M for the same quarter a year ago.

Backlog of orders approximately $74.1M as of June 30, 2014, compared to $58M as of December 31, 2013.

Q2 results

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Comments (1)
  • mister-ugly
    , contributor
    Comments (357) | Send Message
    with the backlog higher then anticipated key to earnings was the margin improvements brought on by UEC acquisition which had some anticipating a huge shortfall in margins and orders. Bids not orders are in neighborhood of $200 million and international simulators are reported in conference call. 43% margins in simulators are staggering. B. Riley only Analyst guided investors around negative articles and those that invested have been rewarded. Going forward it appears guidance will be raised as UEC acquisition has been incorporated. Look forward to additional Analyst in future as Iron Flow Batteries are developed. Solar Battery powered generators developed for military have a huge commercial need and possibly home use cutting fuel cost.
    12 Aug 2014, 02:06 PM Reply Like
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