Boston, MA 05/27/2014 (wallstreetpr) – The leading American company Arotech Corporation (NASDAQ:ARTX) recently announced the financial results for the Q1 of the current year. The details of these financial results can be found below-
Financial Results:
The company managed to earn revenues of $22.4 million in the first quarter of the current year. If compared with the Q1 of the last year, you can see that there was a slight growth of 1% over a period of 12 months. Arotech Corporation (NASDAQ:ARTX) managed to earn $22.1 million revenues in the Q1 of the previous year. The gross profit of the company for the quarter ended on March 31st, 2014 was $7.3 million in comparison to the $5.3 million worth of revenues earned in theQ1 of the previous year. On the basis of these figures one can see that the company managed to grew by a rate of 8.9% in terms of revenues over last 12 months.
The adjusted EBITDA of the company for the first three months of the current year was $2.4 million. Company managed to grow at a rate of 61% on YOY basis over last 12 months. The adjusted EBITDA of the company for the Q1 2013 was $1.5 million.
The operating income of Arotech Corporation (NASDAQ:ARTX) for the Q1 was recorded as $1.3 million, in comparison to the operating income of $841,000 for the Q1 of the previous year. Along with operating income, grew operating expenses. The OE for the Q1 2014 were $6.0 million in comparison to $4.4 million worth of OE for the Q1 of the last year. The net income of the company for the Q1 was $1.0 million, in comparison to $616,000 of the Q1 of the previous year. Net EPS for the Q1 was $0.05, in comparison to $0.03 per share for the Q1 of the last year. As the market conditions are improving with a good pace, so you can see way better results in the coming months.
