Gross margin of 39%, up from 36% in Q4 of 2019;
Net income of $ 2.6 million, compared to $0.3 million net loss in 2019;
EBITDA of $3.9 million, representing EBITDA margin of 17%.
Management Comment
Dov Sella, RADA s Chief Executive Officer commented, “We are exceptionally pleased with our performance in 2020, growing our top line by 72% to an all-time record of $76.2 million. Furthermore, even while making the significant investments in our infrastructure, including establishing a new production line and a presence in the United States, we generated EBITDA of almost $10 million for the year. Given our increased scale and that our large investments are now behind us, we look forward to continued strong revenue growth, with higher profit margins.”
RADA sees 60% revenue growth in 2021
The Israeli defense technology company said that most revenue will come from its multi-mission, software-defined tactical radar systems, especially in the US market.
Israeli defense technology company Rada Electronic Industries Ltd. (Nasdaq: RADA) has provided strong revenue guidance for 2021. The company expects full year 2021 revenue of over $120 million, 11% above the analysts estimates, and 60% above expected 2019 revenue of $75 million. RADA expects sequential quarter on quarter revenue and profitability growth throughout 2021..
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RADA s expected 2020 revenue of $75 million, is up 70% from 2019.
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