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 ...

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 ...

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]

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 ...

Financial Data and Key Metrics Changes - Q4 2019 revenues reached $14 million, marking a 71% increase compared to Q4 2018, the highest in the company's history [4] - Full year revenues were $44.3 million, up 68% year-over-year, exceeding initial targets [5] - Gross margin remained stable at 36% for both the quarter and the full year [19] - Operating loss for Q4 was $209,000, compared to $102,000 in Q4 2018, while the full year operating loss was $2.1 million [20][22] - Net loss attributable to shareholders for Q4 was $295,000, compared to $86,000 in the same quarter last year [20] Business Line Data and Key Metrics Changes - The company is focusing on radar technology, particularly in counter-drone and point defense solutions, which are gaining traction in the market [6][9] - The Bradley Active Protection Program is a key focus, with qualification ongoing and production expected to follow [10][11] - Short-range air defense solutions for the Marine Corps and US Army are also significant, with a projected market of $2 billion over the next decade [13] Market Data and Key Metrics Changes - The addressable market for Active Protection Systems (APS) is estimated at $3 billion over the next decade, split evenly between the US and the rest of the world [12] - The company is seeing increased interest in its solutions globally, particularly in the US and Israel [9] Company Strategy and Development Direction - The company plans to exceed $65 million in revenues for 2020, representing over 47% growth [6] - Investment in production infrastructure in both the US and Israel is aimed at supporting future growth [16] - The company is positioned for significant growth due to its advanced radar technology and evolving market demands [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing strong market demand and a robust pipeline [6][16] - The impact of the coronavirus on business development is acknowledged, but current sales and deliveries remain unaffected [14][15] Other Important Information - The company raised approximately $23.5 million from investors in a secondary offering, strengthening its balance sheet [22] - As of year-end 2019, the company had $13.8 million in cash and no financial debt [22] Q&A Session Summary Question: 2020 outlook and revenue acceleration - Management indicated that they have enough pipeline and backlog to support continuous growth in Q1 and throughout 2020 [24] Question: Details on the Bradley Active Protection Program - Qualification is set to begin soon, with key milestones dependent on successful customer tests [26][27] Question: Update on the Germantown facility - The facility is expected to deliver over 200 radars to the US market, with deliveries starting soon [29] Question: Impact of the Bradley program delay - Management confirmed that the delay is unique to the Bradley vehicle and does not affect other programs [32] Question: Revenue breakdown by geography - The US accounts for about 50% of revenue, with gradual increases in other international markets [35] Question: Expectations for Q1 revenue - The fourth quarter of 2019 serves as a baseline for expected sequential growth throughout 2020 [37]

Rada Electronic Industries Ltd. (RADA) Q3 2019 Earnings Conference Call November 19, 2019 9:00 AM ET Company Participants Ehud Helft - GK, IR Dov Sella - CEO Avi Israel - CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners Austin Moeller - Canaccord Genuity Michael Brcic - National Securities Unidentified Analyst - Operator Ladies and gentlemen, thank you for standing by. Welcome to the Rada Electronic Industries Third Quarter 2019 Results Conference Call. All participants are pres ...

Rada Electronic Industries Limited (RADA) Q2 2019 Earnings Conference Call August 21, 2019 9:00 AM ET Company Participants Dov Sella - Chief Executive Officer Avi Israel - Chief Financial Officer Ehud Helft - GK Investor Relations Conference Call Participants Brian Kinstlinger - Alliance Global Partners Isaac Videmlansky - private investor Michael Brcic - National Securities Jeff Bernstein - Cowen Scott Huntington - Bodell, Overcash, Anderson & Co. Nahum Moschitz - private investor Austin Moeller - Canaccor ...

RADA Electronic Industries Ltd. (RADA) Q1 2019 Earnings Conference Call May 21, 2019 9:00 AM ET Company Participants Ehud Helft - IR Dov Sella - CEO Avi Israel - CFO Conference Call Participants Michael Brcic - National Securities Kevin Dede - H.C. Wainwright Jeff Bernstein - Cowen Operator Ladies and gentlemen, thank you for standing by. Welcome to the RADA Electronic Industries First Quarter 2019 Results Conference Call. All participants are at present in a listen-only mode. Following management's formal ...

RADA Electronic Industries Ltd. (RADA) Q4 2018 Results Conference Call March 20, 2019 11:00 AM ET Company Participants Ehud Helft - GK Investor Relations Dov Sella - Chief Executive Officer Avi Israel - Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Scott Huntington - Bodell Overcash Anderson & Co. Operator Ladies and gentlemen, thank you for standing by. Welcome to the RADA Electronic Industries Fourth Quarter and Full Year 2018 Results Conference Call. Al ...