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Leonardo DRS(DRS) - 2021 Q3 - Quarterly Report
2021-11-12 15:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 333-253583 Leonardo DRS, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 13-2632319 (State or ...
Leonardo DRS(DRS) - 2021 Q3 - Earnings Call Transcript
2021-11-03 17:13
RADA Electronic Industries Ltd. (RADA) Q3 2021 Earnings Conference Call November 3, 2021 9:00 AM ET Company Participants Kenny Green - GK Investor & Public Relations Dov Sella - CEO Avi Israel - CFO Conference Call Participants Greg Konrad - Jefferies Peter Arment - Baird Brian Kinstlinger - Alliance Global Partners Austin Moeller - Canaccord Jeff Bernstein - Cowan Operator Ladies and gentlemen, thank you for standing by. Welcome to the RADA Third Quarter 2021 Results Conference Call. All participants are a ...
Leonardo DRS(DRS) - 2021 Q2 - Quarterly Report
2021-08-13 15:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 333-253583 Leonardo DRS, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 13-2632319 (State or Other ...
Leonardo DRS(DRS) - 2021 Q2 - Earnings Call Transcript
2021-08-02 17:20
RADA Electronic Industries Ltd., (RADA) Q2 2021 Results Conference Call August 2, 2021 9:00 AM ET Company Participants Ehud Helft - GK Investor Relations Dov Sella - Chief Executive Officer Avi Israel - Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies Brian Kinstlinger - Alliance Global Partners Peter Arment - Baird Austin Moeller - Canaccord Operator Ladies and gentlemen, thank you for standing by. Welcome to the RADA Electronic Industries Second Quarter 2021 Results Confer ...
Leonardo DRS(DRS) - 2021 Q1 - Quarterly Report
2021-05-17 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 333-253583 Leonardo DRS, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 13-2632319 (State or Othe ...
Leonardo DRS(DRS) - 2021 Q1 - Earnings Call Transcript
2021-05-11 15:41
Rada Electronic Industries Ltd. (RADA) Q1 2021 Earnings Conference Call May 11, 2021 9:00 AM ET Company Participants Dov Sella - Chief Executive Officer Avi Israel - Chief Financial Officer Ehud Helft - GK Investor Relations Conference Call Participants Sheila Kahyaoglu - Jefferies Peter Arment - Baird Ken Herbert - Canaccord Genuity Brian Kinstlinger - Alliance Global Partners Austin Moeller - Canaccord Genuity Isaac Vidomlanski - private investor Operator Ladies and gentlemen, thank you for standing by. W ...
Leonardo DRS(DRS) - 2020 Q4 - Earnings Call Transcript
2021-02-11 05:31
Rada Electronic Industries Ltd (RADA) Q4 2020 Earnings Conference Call February 10, 2021 10:00 AM ET Company Participants Ehud Helft - GK Investor Relations Dov Sella - CEO Avi Israel - CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners Ken Herbert - Canaccord Genuity Alex Silverman - AWM Investments Jeff Bernstein - Cowen Inc. Operator Ladies and gentlemen, thank you for standing by. Welcome to the RADA Electronics Industries Fourth Quarter and Full Year 2020 Results Conference C ...
Leonardo DRS(DRS) - 2020 Q3 - Earnings Call Transcript
2020-11-10 21:11
RADA Electronic Industries Ltd. (RADA) Q3 2020 Earnings Conference Call November 10, 2020 10:00 AM ET Company Participants Kenny Green - Investor Relations Dov Sella - Chief Executive Officer Avi Israel - Chief Financial Officer Conference Call Participants Ken Herbert - Canaccord Brian Kinstlinger - Alliance Global Partners Will Manuel - Edison Group Jeff Bernstein - Cowen Operator Ladies and gentlemen, thank you for standing by. Welcome to the RADA Electronic IndustriesÂ' Third Quarter 2020 Results Confer ...
Leonardo DRS(DRS) - 2020 Q2 - Earnings Call Transcript
2020-08-11 19:03
Financial Data and Key Metrics Changes - The company reported a revenue of $17.5 million for Q2 2020, representing a 75% year-over-year growth and a 60% quarter-over-quarter growth [29][33] - Gross margins remained stable at approximately 36% [5][34] - Operating income was $634,000, compared to an operating loss of $843,000 in Q2 2019 [35] - Adjusted EBITDA was $1.7 million, which is 10% of revenues, compared to a negative EBITDA of $268,000 in Q2 2019 [36] - Net income attributable to shareholders was $707,000, or $0.02 per share, compared to a net loss of $564,000 or $0.01 per share in Q2 2019 [36] Business Line Data and Key Metrics Changes - The company has increased its revenue guidance for 2020 from $65 million to over $70 million, indicating a growth of over 58% year-over-year [9] - The company has significantly increased its inventory to $26.5 million from $17.2 million at the end of 2019 to support future growth [37] Market Data and Key Metrics Changes - The addressable market for the company is estimated at about $5 billion over the next decade, with a strong interest in their solutions globally [12][13] - The company noted that defense spending is generally less exposed to macroeconomic downturns, and they have not seen cancellations of existing orders [17][30] Company Strategy and Development Direction - The company is focused on maintaining its leadership in the radar technology market and is investing in R&D for next-generation tactical radars [31][54] - The company is optimistic about its growth trajectory, expecting to benefit from long-term acquisition programs and a strong backlog [14][19] Management's Comments on Operating Environment and Future Outlook - Management indicated that the pandemic has not had a material financial impact on the company, and they expect continued growth into 2021 [6][10] - The company believes that defense spending will remain resilient, particularly in the niches they focus on [19][30] - Management expressed confidence in their ability to navigate potential challenges posed by the pandemic and changing economic conditions [11][22] Other Important Information - The company is involved in several major programs, including the APF for fighting vehicles and the U.S. Army Bradley program, with production expected to commence in 2022 [23][24] - The company has a strong balance sheet with $30 million in net cash, which supports their growth and working capital needs [10] Q&A Session Summary Question: Has the revenue mix changed with more than 50% coming from the U.S.? - Management expects the U.S. to account for over 50% of revenue in the near term, especially next year [39][40] Question: Will inventory levels continue to increase? - The company plans to maintain inventory levels to address emergent needs while transitioning to serial production [41][42] Question: Any changes in the competitive landscape? - Management has not observed significant changes in competition, maintaining a lead over competitors [44] Question: What are the assumptions for SHORAD orders? - The company expects to receive orders for the first battalion this year, with additional battalions ordered next year [46][47] Question: How is R&D spending expected to change? - R&D spending is expected to stabilize, with ongoing development of three radars [50] Question: What is the status of the C-RAM opportunity? - The C-RAM program is under initial testing, with more details not yet available [69] Question: Is the new revenue guidance too conservative? - Management believes the guidance is realistic, considering uncertainties in the market [72]
Leonardo DRS(DRS) - 2020 Q1 - Earnings Call Transcript
2020-05-19 18:58
RADA Electronic Industries Ltd (RADA) Q1 2020 Earnings Conference Call May 19, 2020 10:00 AM ET Company Participants Ehud Helft - GK Investor Relations Dov Sella - Chief Executive Officer Avi Israel - Chief Financial Officer Conference Call Participants Ken Herbert - Canaccord Brian Kinstlinger - Alliance Global Partners Austin Moeller - Canaccord Operator Ladies and gentlemen, thank you for standing by. Welcome to the RADA Electronic Industries First Quarter 2020 Results Conference Call. All participants a ...