RADA Schedules Fourth Quarter 2018 Results Release & Conference Call on Wednesday, March 20, 2019
February 04 2019 - 10:45AM
Releases guidance for 2019: expecting
revenues to exceed $40 million
RADA Electronic Industries Ltd. (Nasdaq: RADA)
announced that it would be releasing its financial results for the
fourth quarter of 2018 on Wednesday, March 20, 2019.
The Company will host a conference call on the
same day, starting at 10:00 am ET. Dov Sella, Chief Executive
Officer and Avi Israel, Chief Financial Officer, will host the call
and will be available to answer questions after presenting the
results. To participate, please call one of the following telephone
numbers a few minutes before the start of the call:
US: |
1-888-668-9141 |
at 10:00
am Eastern Time |
UK: |
0-800-917-5108 |
at 2:00
pm UK Time |
Israel: |
03-918-0609 |
at 4:00
pm Israel Time |
International: |
+
972-3-918-0609 |
|
|
|
RADA’s management also provided a guidance update for 2018 and
2019. Due to logistical issues in the US towards year-end 2018,
approximately $2.5 million of deliveries to the USA, which were
ready for delivery by year-end, were delayed and are expected to be
delivered during the first quarter of 2019.
Subsequently, 2018 revenues are expected to be
in excess of $28 million, while 2019 revenues are expected to
exceed $40 million, approximately 43%
higher.
About RADA
RADA Electronic Industries Ltd. is an
Israel-based defense electronics contractor. The Company
specializes in the development, production, and sales of Tactical
Land Radars for the maneuver Forces & Border Protection and
Avionics Systems (including Inertial Navigation Systems) for
fighter aircraft and UAVs.
Certain statements in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Act of 1995. Such statements involve known
and unknown risks, uncertainties and other factors that may cause
actual results to differ materially. Such risk uncertainties and
other factors include, but are not limited to, changes in general
economic conditions, risks in product and technology developments,
market acceptance of new products and continuing product demand,
level of competition and other factors described in the Company's
Annual Report on Form 20-F and other filings with the Securities
and Exchange Commission.
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Company Contact:Avi Israel (CFO)Tel:
+972-9-892-1111mrkt@rada.comwww.rada.com |
IR ContactGK Investor RelationsEhud Helft,
PartnerTel: 1 617 318 3096rada@gkir.com |
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