RADA Reconfirms its Guidance Expectations for 2020; The Coronavirus Pandemic Has Not Materially Impacted Business to Date
RADA Electronic Industries Ltd. - Ordinary Shares (RADA)
US:NASDAQ Investor Relations:
rada.com/corp/corporate-ir.html
Company Research
Source: GlobeNewswire
NETANYA, Israel, March 20, 2020 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA), a leading global provider of advanced software-defined radars, today announced the reconfirmation of its guidance expectations for 2020, and clarified that, to-date, the Coronavirus pandemic has had no material impact on its business. RADA continues to expect revenues to grow in 2020 to over $65 million, an increase of over 47% year-over-year. Furthermore, and based on orders in hand, first quarter and first half revenues are on track to meet expectations. Management continues to expect each quarter in 2020 to show continued sequential growth throughout the year. As of today, the Company has over $30 million in net cash, more than sufficient for working capital purposes for the foreseeable future. In addition, the Company has built sufficient inventory to allow for on-time deliveries of its orders and to date has not seen any supply chain disruptions due to the Coronavirus pandemic.
Show less
Read more
Impact Snapshot
Event Time:
RADA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RADA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RADA alerts
High impacting RADA Electronic Industries Ltd. - Ordinary Shares news events
Weekly update
A roundup of the hottest topics