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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) Jun, 2022 Mar, 2022 Dec, 2021 Sep, 2021 Jun, 2021
Sales 23,060 22,510 31,760 32,000 28,260
Sales Growth +2.44% -29.12% -0.75% +13.23% +12.05%
Net Income -4,400 -690 4,820 6,040 10,440
Net Income Growth -537.68% -114.32% -20.20% -42.15% +176.92%
(Values in U.S. Thousands) Jun, 2022 Mar, 2022 Dec, 2021 Sep, 2021 Jun, 2021
Total Assets 196,610 205,780 203,840 194,870 187,120
Total Assets Growth -4.46% +0.95% +4.60% +4.14% +10.29%
Total Liabilities 43,850 49,530 47,780 44,430 43,610
Total Liabilities Growth -11.47% +3.66% +7.54% +1.88% +16.36%
(Values in U.S. Thousands) Jun, 2022 Mar, 2022 Dec, 2021 Sep, 2021 Jun, 2021
Operating Cash Flow 0 0 -4,360 0 8,980
Operating Cash Flow Growth unch +100.00% unch -100.00% unch
Net Cash Flow 0 0 42,380 0 59,380
Change in Net Cash Flow unch -100.00% unch -100.00% unch
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