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Re: charliewho post# 574

Wednesday, 06/15/2016 8:44:02 AM

Wednesday, June 15, 2016 8:44:02 AM

Post# of 677
Many of their orders were pushed back by their clients. I think we see much better revenue going into the next few Q's. The contract they just signed will be shipping this year so that will add to revenue in the coming Q's. The CEO even commented on it. So from the looks of it many of those orders are shipping this year. I think their revenue should see a big rebound soon.

"Commenting on the results, Zvika Alon, RADA's Chief Executive Officer said, "Our revenues in 2015 were negatively impacted by delays in the contracting processes of our customers, which delayed until 2016 our securing several large avionic product orders that were expected during the first half of 2015"