Announcement • Nov 30
RADA Electronic Industries Ltd.(NasdaqCM:RADA) dropped from NASDAQ Composite Index RADA Electronic Industries Ltd removed from NASDAQ Composite Index. Announcement • Aug 31
RADA Electronic Industries Ltd. Appoints Mr. Chaim Gofen as an Independent Director RADA Electronic Industries Ltd. announced that effective as of August 30, 2022, Mr. Chaim Gofen has been appointed by the Company’s board of directors to serve as an independent director of the Company to fill the vacancy created by Mr. Elan Sigal who has served as an external director of the Company since August 2013 and his third term of office pursuant to the Israeli Companies Law, 5759-1999 has ended, effective as of the same day. The Board of directors has determined that Mr. Gofen satisfies the “independence” requirements of Section 5605(a)(2) of the Nasdaq Listing Rules. Mr. Gofen, age 71, served in the Israeli Air Force for 30 years between 1969 and 1999 and retired at the rank of Brigadier General. In 1993 he was appointed commander of the Ramon base. In September 1995 he was appointed commander of the Tel Nof base. After his retirement, he served as a project manager at Netcom Ltd., among the leading IT companies in Israel and from 2000 to 2008 he served as the CEO of CLP Industries Ltd., in the field of flexible packaging in the food industry. During the years 2010 to 2016 he served as an external director at Kafrit Industries (1993) Ltd, a leading manufacturer of Masterbatches and compounds for the plastic industry. In 2018, Mr. Gofen served as an observer director at Xsight Systems, a leading provider of AI-powered runway sensing solutions and in 2019, as a director at Solutum Technologies Ltd., a Cleantech start-up that develops a formula for plastic bags dissolving in water. Mr. Gofen holds a B.A. degree in economics and business administration from Bar-Ilan University, an M.A. degree in political science from Haifa University, and is a graduate of the National Security College. Reported Earnings • Aug 18
Second quarter 2022 earnings released: US$0.088 loss per share (vs US$0.21 profit in 2Q 2021) Second quarter 2022 results: US$0.088 loss per share (down from US$0.21 profit in 2Q 2021). Revenue: US$23.1m (down 18% from 2Q 2021). Net loss: US$4.40m (down 142% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 25%, compared to a 26% growth forecast for the Aerospace & Defense industry in Germany. Announcement • Aug 10
RADA Electronic Industries Ltd. to Report Q2, 2022 Results on Aug 17, 2022 RADA Electronic Industries Ltd. announced that they will report Q2, 2022 results on Aug 17, 2022 Announcement • Jul 06
Rada Electronic Industries Ltd. Provides Revenue Guidance for the Second Quarter of 2022 RADA Electronic Industries Ltd. provided revenue guidance for the second quarter of 2022. For the quarter, the company expects Revenue to be approximately $22.5 million, at a similar level to that of the first quarter of this year. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €8.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 23x in the Aerospace & Defense industry in Germany. Total loss to shareholders of 9.6% over the past year. Announcement • Jun 03
RADA Electronic Industries Ltd., Annual General Meeting, Jun 30, 2022 RADA Electronic Industries Ltd., Annual General Meeting, Jun 30, 2022, at 10:00 Israel Standard Time. Location: The company's offices at 7 Giborei Israel Street Netanya Israel Agenda: To re-elect five directors, each for a term expiring at the company's 2023 Annual General Meeting of Shareholders; to approve the terms of service including a grant of options to purchase the company's shares to certain directors; to approve the grant of options to purchase the company's shares to Mr. Yossi Ben Shalom, the Chairman of the company's Board of Directors; to approve a grant of options to purchase the company's shares to Mr. Dov Sella, the company's Chief Executive Officer; and to consider other matters. Announcement • May 12
RADA Electronic Industries Ltd. Reiterates Revenue Guidance for the Year 2022 RADA Electronic Industries Ltd. reiterated revenue guidance for the year 2022. For the year, the company expects revenue of over $140 million. Reported Earnings • May 11
First quarter 2022 earnings released: US$0.014 loss per share (vs US$0.084 profit in 1Q 2021) First quarter 2022 results: US$0.014 loss per share (down from US$0.084 profit in 1Q 2021). Revenue: US$22.5m (down 11% from 1Q 2021). Net loss: US$685.0k (down 118% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 27%, compared to a 26% growth forecast for the industry in Germany. Announcement • May 05
RADA Electronic Industries Ltd. to Report Q1, 2022 Results on May 10, 2022 RADA Electronic Industries Ltd. announced that they will report Q1, 2022 results on May 10, 2022 Announcement • Apr 19
RADA Electronic Industries Ltd. Reiterates Revenue Guidance for the Year 2022 RADA Electronic Industries Ltd. reiterated revenue guidance for the year 2022. For the year, the company expects revenue to be over $140 million. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 25% share price gain to €10.80, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 4.9% over the past year. Reported Earnings • Feb 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.52 (up from US$0.13 in FY 2020). Revenue: US$117.2m (up 54% from FY 2020). Net income: US$25.1m (up 345% from FY 2020). Profit margin: 21% (up from 7.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 19%, compared to a 17% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 15% share price gain to €9.10, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 4.6% over the past year. Announcement • Jan 12
RADA Electronic Industries Ltd. Provides Revenue Guidance for Fiscal Year 2022 RADA Electronic Industries Ltd. provided revenue guidance for the fiscal year 2022. For the period, the company expects revenue to be $140 million. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS US$0.12 (vs US$0.049 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$32.0m (up 57% from 3Q 2020). Net income: US$6.04m (up 184% from 3Q 2020). Profit margin: 19% (up from 10% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Sep 05
Second quarter 2021 earnings released: EPS US$0.21 (vs US$0.016 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$28.3m (up 61% from 2Q 2020). Net income: US$10.4m (up US$9.74m from 2Q 2020). Profit margin: 37% (up from 4.0% in 2Q 2020). The increase in margin was driven by higher revenue. Executive Departure • Aug 19
Non Independent Director Haim Regev has left the company On the 15th of August, Haim Regev's tenure as Non Independent Director ended after 2.2 years in the role. We don't have any record of a personal shareholding under Haim's name. Haim is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.42 years. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS US$0.21 (vs US$0.016 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$28.3m (up 61% from 2Q 2020). Net income: US$10.4m (up US$9.74m from 2Q 2020). Profit margin: 37% (up from 4.0% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 15% share price gain to US$10.60, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 100% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €19.11 per share. Reported Earnings • May 12
First quarter 2021 earnings released: EPS US$0.084 (vs US$0.004 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$25.2m (up 67% from 1Q 2020). Net income: US$3.77m (up US$3.60m from 1Q 2020). Profit margin: 15% (up from 1.1% in 1Q 2020). The increase in margin was driven by higher revenue. Announcement • Mar 10
RADA Electronic Industries Ltd. Announces $15 Million of New Orders in Jan-Feb 2021 RADA Electronic Industries Ltd. announced the receipt of over $15 million in new orders during January and February of 2021, compared to $6 million during the same period in 2020. Out of these new orders, over 90% were orders for RADA’s software-defined tactical radars for counter UAV, short-range air defense (SHORAD) and counter fires (C-RAM). The majority of these orders were growing follow-ons from existing customers. All these orders are expected to be delivered during 2021. Announcement • Mar 06
RADA Electronic Industries Ltd. has completed a Follow-on Equity Offering in the amount of $51.75 million. RADA Electronic Industries Ltd. has completed a Follow-on Equity Offering in the amount of $51.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,500,000
Price\Range: $11.5
Discount Per Security: $0.6325 Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 60%, compared to a 14% growth forecast for the Aerospace & Defense industry in Germany. Is New 90 Day High Low • Feb 08
New 90-day high: €9.95 The company is up 59% from its price of €6.25 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.92 per share. Announcement • Feb 05
RADA Electronic Industries Ltd. to Report Q4, 2020 Results on Feb 10, 2021 RADA Electronic Industries Ltd. announced that they will report Q4, 2020 results on Feb 10, 2021 Is New 90 Day High Low • Jan 11
New 90-day high: €8.15 The company is up 47% from its price of €5.55 on 13 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.49 per share. Is New 90 Day High Low • Dec 05
New 90-day high: €6.90 The company is up 27% from its price of €5.45 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.85 per share. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 48% compared to a 8.6% decline forecast for the Aerospace & Defense industry in Germany. Is New 90 Day High Low • Nov 11
New 90-day high: €6.65 The company is up 13% from its price of €5.90 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.22 per share. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$0.049 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$20.4m (up 81% from 3Q 2019). Net income: US$2.13m (up US$2.81m from 3Q 2019). Profit margin: 10% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • Nov 11
RADA Electronic Industries Ltd. Revises Revenue Guidance for the Full Year of 2020 RADA Electronic Industries Ltd. revised revenue guidance for the full year of 2020. The company expects increased full year revenue guidance from over $70 million to over $75 million. Announcement • Nov 05
RADA Electronic Industries Ltd. Announces $20 Million in New Orders Since Mid-September 2020 RADA Electronic Industries Ltd. announced the receipt of $20 million in accumulated new orders since mid-September 2020. To date, the aggregate amount of new orders since the beginning of 2020 has reached $79 million, compared to $41 million received over the same period in 2019, showing an increase of over-92% year-over-year. All of these $20 million in new orders are for software-defined tactical radars for the US market, demonstrating immediate needs for RADA's tactical radars in all of the relevant market segments that these radars are addressing: counter small unmanned aerial systems (C-sUAS), short range air defense (SHORAD), counter rockets, artillery and mortars (C-RAM), and vehicle protection solutions (VPS). Most of these new orders were follow-ons from customers which have placed initial orders earlier this year and moved to wider-scale orders after rigorous testing and evaluation. Deliveries of these orders are planned to be spread along the first half of 2021. Announcement • Oct 29
RADA Electronic Industries Ltd. to Report Q3, 2020 Results on Nov 10, 2020 RADA Electronic Industries Ltd. announced that they will report Q3, 2020 results at 1:00 PM, GMT Standard Time on Nov 10, 2020 Is New 90 Day High Low • Sep 25
New 90-day low: €4.92 The company is down 14% from its price of €5.75 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Jul 31
RADA Electronic Industries Ltd. to Report Q2, 2020 Results on Aug 11, 2020 RADA Electronic Industries Ltd. announced that they will report Q2, 2020 results at 1:00 PM, GMT Standard Time on Aug 11, 2020