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0.0673076923076924 0.0817307692307692 0.110576923076923 0.110576923076923 0.00461538461538453 0.014423076923077 0.0432692307692307 0.0480769230769231
Stock impact report

RADA Electronic Industries Announces Fourth Quarter and Full Year 2017 Results

RADA Electronic Industries Ltd. - Ordinary Shares (RADA) 
US:NASDAQ Investor Relations: rada.com/corp/corporate-ir.html
Company Research Source: GlobeNewswire
NETANYA, Israel, March 07, 2018 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ:RADA) announced today its financial results for the year and quarter ended December 31, 2017. Highlights of 2017 2017 was the strongest year in over 20 years, with excellent financial performance and margins across the board.Revenues of $26.2 million (up 104% year-over-year) with Q4 revenues contributing $9 million (up 112% quarter-over-quarter).Net income of $2.2 million and EBITDA of $3.5 million.Generated approximately $1 million in operating cash flow; year-end net cash position of $12.4 million. Management Comments Dov Sella, RADA's Chief Executive Officer commented, “2017 was by far the strongest year in over two decades. We more than doubled our revenues over last year and importantly, we returned the business to profitability. We also had a good year of cash generation and following an investment earlier in the year, our balance sheet is now strong w Show less Read more
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