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RADA Announces Record Q4 & Full Year 2020 Results with Strong Revenue Growth, Strong Profitability and Improving Margins


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.” ....

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RADA sees 60% revenue growth in 2021


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.
At the end of last week, RADA reported $23 million in new orders for the US Army and from Elbit/IMI for the Iron Fist active protection system. ....

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