TAT Technologies Reports First Quarter 2022 Results
TAT Technologies Ltd. - Ordinary Shares (TATT)
US:NASDAQ Investor Relations:
tat-technologies.com/contact-us.html
Company Research
Source: PR Newswire
NETANIA, Israel, May 31, 2022 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three-month period ended March 31, 2022.Financial highlights for the first quarter of 2022: Revenues for Q1 2022 increased by 8.1% to $19.9 million compared to $18.4 million in Q1 2021. Gross profit for Q1 2022 was $3 million (15.2% of revenues) compared to $3.4 million in Q1 2021 (18.5% of revenues). Adjusted EBITDA for Q1 2022 decreased to $0.5 million compared to $1.6 million in Q1 2021. Net loss for Q1 2022 was $1.6 million compared to a net income of $0.6 million in Q1 2021. Q1 2021 Gross Profit, EBITDA and Net Income included government rants in the amount of $1.4 million ($1 million recorded in the COGS and an additional $0.4 million recorded in G&A)Mr. Igal Zamir, TAT's CEO and President commented on the
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News
- TAT Technologies Ltd. (NASDAQ: TATT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Investors Will Want TAT Technologies' (NASDAQ:TATT) Growth In ROCE To Persist [Yahoo! Finance]Yahoo! Finance
- TAT Technologies Ltd. (NASDAQ: TATT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- TAT Technologies: A Strong Buy On Aerospace And Defense Expansion [Seeking Alpha]Seeking Alpha
- TAT Technologies Ltd. (NASDAQ:TATT) stock most popular amongst private equity firms who own 52%, while individual investors hold 26% [Yahoo! Finance]Yahoo! Finance
TATT
Sec Filings
- 3/7/24 - Form 20-F/A
- 3/6/24 - Form 6-K
- 3/6/24 - Form 20-F
- TATT's page on the SEC website