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This was from their Q back in Nov
Commenting on the results, Zvika Alon, RADA's Chief Executive Officer said, "Our revenues during the third quarter were negatively impacted as a result of delays, due to prolonged negotiations and the contracting processes of our customers, in securing several large avionic product orders that were expected during the first half of 2015, but were not received until recently
so as you can see their contract negotiations took longer on some of their deals. So they landed them back in Nov and it does take time for the product to get ready to be delivered and shipped. So again my guess is we start to see a pick up in the second half of this year. Either way with IMI landing the US gov with their iron fist product we should start to see purchase orders soon. They can not very well sell their product to the Gov and not purchase the integrated product from RADA. From what I read the CEO if IMI stated this was a very nice size contract.
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"
Why do their revenues suck so bad?? I thought they were supposed to be much better being that a handful of orders weren't processed the previous q and were supposed to show on this latest q.
Pretty much the same news that was out on their filings.
Then again I could be wrong. It could gap and run hard. The bottom line is that some serious shares have been bought up under $1 the last week or so.
whaaaaaat? ;)
I expect a pull back in the after hours for sure but tomorrow should be fun. We probably get a nice .79-85 open. If that happens I hope they fill that gap early. After that we probably see $1 easy tomorrow.
I agree. We have both been in this name long enough to know the kind of moves it can have. Like I said today. I think lots was gong on behind the scenes when we went through that long quite period of no news. I think they were concentrating on getting financing out the way so they could focus on business. Now that its out the way we are starting to see some very nice updates. I still say we land a few more contracts soon.
Sub $1's going to look cheap soon..jmho
Bro look at AH's .82 X .83
holy moly! buckle up! hehehehe
Did you guys see this today.
RADA’s Radar Systems are Deployed and Operational Along Israel’s Southern Border
http://www.rada.com/corp/news/191-pr-eurosatory2016.html
RADA’s Radar Systems are Deployed and Operational Along Israel’s Southern Border
The systems are connected to the National Alert System, providing life-saving warnings about mortar shells and short-range rockets being fired at border communities.
June 8, 2016 - RADA Electronic Industries Ltd. – a leader in the development, production, and sale of tactical land radars for force and border protection – has deployed its radar systems along Israel’s border with the Gaza strip. The systems are operational and connected to the National Alert System, providing life-saving warnings about short range threats – including mortar shells, rockets and other aerial threats – to communities adjacent to Israel’s southern border.
According to Zvi Alon, RADA's CEO, “After the Protective Edge operation (July, 2014), we began deployment of our systems along the Gaza strip. The radars are operating 24/7 and providing continuous surveillance. The success of these systems has generated international interest in their capabilities, and they are under evaluation by a number of customers around the world for use in a variety of missions, including C-UAS, C-RAM, air surveillance, and more.”
The company will display the entire MHR family of tactical radars at Eurosatory 2016. The MHR radar is an S Band, Software-Defined, Pulse-Doppler, AESA, GaN based radar – which delivers sophisticated beam forming capabilities and advanced signal processing. It provides multiple missions on each radar platform and can combine C-UAS and C-RAM operational missions on the same radar, thus delivering ideal organic, tactical surveillance solutions for force protection missions. The pMHR radar is a lightweight version of the MHR, enabling the portability of the system, and is an ideal solution for force protection missions on the move. The eMHR and ieMHR radars enable longer detection ranges for Short/Very-Short Range Air Defense (SHORAD/VSHORAD), sea and air surveillance missions. These radars are especially suitable for installation on ground platforms and small/medium-sized vessels, and as stationary systems for the protection of potentially-threatened areas.
About RADA Electronic Industries Ltd.
RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The company specializes in the development, production, and sale of Tactical Land Radars for force and border protection, Inertial Navigation Systems for air and land applications, and Avionics Systems and Upgrades.
Come visit us at EUROSATORY 2016, Paris, France, June 13-17, Israel Pavilion, Hall 6, Stand #E 631
Contact Details:
Dov Sella | CBDO
Tel: +972-9-892-1111
mrkt@rada.com
www.rada.com
I read yesterday that the new Iron Fist is being shown off at Eurosatory 2016.
This stock was way oversold. They still have a very solid business and solid clients. They just completed a nice round of financing and much of the small OS is owned by big pockets. This company is way cheap here IMO. Yesterdays news was huge IMO. The iron fist by IMI integrates RADA's products. From what I read that is a nice size contract and means that rada will see their piece of the pie. If they even land 8-10 million off that contract that is huge for a company like RADA. It will reverse their EPS shortfall last year. Not to mention last year they were testing their radars with a handful of clients and I think we see some more Deal signed soon. At its current price this one looks pretty cheap to me. Again its up to everyone to figure out if they like a stock and why they like it or dislike it. Good luck!
prayforme,,,well I'm in it from 1.25 with an avg now of 1. It's already closed thefirst gap at .65 and I'm looking for the 2nd gap at 1.80ish.
When your dealing with these little guys, anything is possible.
I will advise one thing,,,"Don't bet more than you can afford to lose".
I just found out about this stock, why I was asking how much people thought it could jump. is it topped out on the pump?
Prayforme,,,lol,,,you shouldda asked that question when it was trading at 30 cents.
is this stock worth investing in yet? anybody with any good insigh
* * $RADA Video Chart 06-07-16 * *
Link to Video - click here to watch the technical chart video
HUGE news out!!! congrats all!
thats a hell'uva break..
ha ha .. wonder if its a group buying
RADA is working its way to a break of the 200 day avg. at .52, then close the first gap at .65 IMO.
moving average crossovers..
in effect as well
as in mid February
http://stockcharts.com/h-sc/ui?s=RADA&p=D&b=5&g=0&id=p35784312783
CIKTrader,,,.52 is key at the moment(200 day), also there is a downtrend line coming in at 50 cents.
Looking at premkt today, it appears that they wanna move it today.
LOL,,,Time will tell.
RADA Interested to see if this thing can get thru some of this resistance.
I THINK SO TOO. WILL SMACK SOME RADA..GOOD..NEWS
there new filing to the sec.... what the hell does it mean? they are suppose to resume next week.... i read it but didnt understand what the hell they are trying to get accomplished.... can someone please enlighten me... thx
i dont disagree with your post at all, we are in agreement that its starting to make a run here. i am new to RADA and got in at .37 so i am really excited to play this out. thank you for your post , i respect your opinion and appreciate your input.
JUKEN,,,lots of resistance and targets here for the rocky road northward,,,lol.
Personally, I see a first resistance at .54, then a pullback after it finishes creating the bowl formation to create the right lip around the 20 day avg.
After the formation is created, I can see the bigger move starting toward a target at .79.
This is not gonna be a spike to 1.84 to close the gap kinda thing, although, with the small float and news, anything is possible,,,lol.
I got in at 1.23 with my initial buy, and have averaged down to a buck and still adding.
I will continue to do so until my avg. is lower then the current price.
Then I'll ride the shares north.
Sounds like a plan eh? LOL
breaking out here now, first resistance is .58 , second is .60 . looking for a nice run next week.
MMCAP added to their stake on 2/16/16
https://www.sec.gov/Archives/edgar/data/761238/000091228216000568/mmcap_sc13ga-rada.htm
If anyone is aware that this comp can report 6 million is sales this 4Q.. New and old orders looks like they been dispatched in this 4Q...and the way they report sales are only when they dispatched..and it looks like all the previous order are been sending out this last 4Q...plus the new ones and the regular ones all @ the same times....
With IRAN and The Saudi's starting to rattle sabers,,,mebee RADA will start to catch a bid.
Now all they need to do is make some money and get cash flow positive,,,lol.
LOL, it started out that way,,,lol.
New orders
http://finance.yahoo.com/news/rada-electronic-industries-received-orders-123000245.html
Short squeeze?
beach,,,it absolutely will and 1.80 as well to close that gap.
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RADA offers advanced pulse-Doppler, multi-mission, AESA radars for tactical applications. These software-defined radars introduce hemispheric spatial coverage with excellent performance-to price ratio. RADA's INS solutions, based on Fiber Optic Gyros (FOG) and Micro-Electro Mechanical Sensors (MEMS), provide best value solutions for aerial and land tactical vehicles. RADA is a leading provider in the field of airborne video and data recorders. The company offers a wide range of solid-state digital recorders, cameras and debriefing systems, and complete avionic upgrade suits for combat and ISR aircraft.
RADA's customer base includes leading forces and prime defense integrators such as Lockheed Martin, Boeing, General Electric, Israel Aerospace Industries (IAI), Hindustan Aeronautics Ltd (HAL), Rafael Advanced Defense Systems, Embraer, Israel Military Industries (IMI) and many others.
Founded in 1970, RADA has been traded on the NASDAQ ("RADA") stock exchange since 1985. RADA's Executive Chairman is Maj. Gen. (Ret.) Herzle Bodinger, who served as the Israeli Air Force Commander prior to joining the company.
RADA is certified to ISO-9001:2008, AS9100C, and ISO-14001:2004 standards.
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