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Rada Electr Inds Ltd (RADA)

Rada Electr Inds Ltd (RADA)
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RADA Electronic Industries Ltd. was incorporated under the laws of the State of Israel on December 8, 1970. It develops, manufactures and sells defense electronics: data recording and management, inertial navigation systems, unmanned aircraft vehicles, or UAV and avionics solutions. In addition, it continues to sell and support its commercial aviation electronic products and services, mainly through its Chinese subsidiary. The Company mainly provides integrated solutions. Its aim is to provide not only state-of-the-art products, but also comprehensive end-to-end solutions for one or more systems. Its current product lines are: Data/video recording and management for aerial and land platforms; Inertial navigation systems for aerial and land platforms; Avionics solutions (including avionics for UAVs); and Radar sensors for active protection systems for land platforms. In addition, it continues to support its legacy products and services, as follows: Commercial aviation test stations, or CATS; and Test and repair services through its China based subsidiary using its CATS testers and test programs. The Company's activity is mainly focused on the defense electronics market. The markets for its products are highly competitive. Its principal competitors in the avionics and military electronics market are Astronautics C.A., AITech Defense Systems, Elbit Systems, GE Aviation, Goodrich, Honeywell, Israel Aircraft Industries Ltd., Northrop Grumman, Sagem and the Zodiac group.
(Values in U.S. Thousands) Dec, 2021 Dec, 2020 Dec, 2019 Dec, 2018 Dec, 2017
Sales 117,240 76,220 44,330 28,030 26,180
Sales Growth +53.82% +71.94% +58.15% +7.07% +104.21%
Net Income 25,070 5,640 -2,030 160 2,240
Net Income Growth +344.50% +377.83% -1,368.75% -92.86% +145.62%
(Values in U.S. Thousands) Dec, 2021 Dec, 2020 Dec, 2019 Dec, 2018 Dec, 2017
Total Assets 203,840 106,910 64,920 53,500 36,030
Total Assets Growth +90.67% +64.68% +21.35% +48.49% +71.65%
Total Liabilities 47,780 34,870 23,500 11,640 6,850
Total Liabilities Growth +37.02% +48.38% +101.89% +69.93% -31.22%
(Values in U.S. Thousands) Dec, 2021 Dec, 2020 Dec, 2019 Dec, 2018 Dec, 2017
Operating Cash Flow -4,360 3,610 -3,460 -3,860 1,720
Operating Cash Flow Growth -220.78% +204.34% +10.36% -324.42% +134.96%
Net Cash Flow 42,380 22,720 -7,630 8,760 10,050
Change in Net Cash Flow +86.53% +397.77% -187.10% -12.84% +1,547.54%
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