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RADA - Rada Electronics EPS beats by $0.01 misses on revenue
RADA Electronic Industries Ltd.
Rada Electronics (NASDAQ:RADA): Q3 GAAP EPS of $0.12 beats by $0.01. Revenue of $32M (+57.2% Y/Y) misses by $0.68M. Shares -4.93% PM. Press Release Strong gross margin improvement to 41% compared with 38% in the year-ago quarter. Operating profit more than tripled to $6.3 million compared with $2.0 million in the year-ago quarter. Adjusted EBITDA margin improved to 26% compared with 15% in the year-ago quarter and 22% in the prior quarter. Quarter-end net cash position of $86.6 million.