Arotech swings to a Q2 profit; shares soaring after hours

|About: Arotech Corporation (ARTX)|By:, SA News Editor

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.

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