TAT Technologies(TATT)

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TAT Technologies(TATT) - 2024 Q1 - Quarterly Report
2024-03-06 21:32
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 TAT TECHNOLOGIES LTD. (Name of Registrant) 5 Hamelacha St., Netanya 4250540, Israel (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registra ...
TAT Technologies(TATT) - 2023 Q4 - Annual Report
2023-11-13 11:02
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2023 TAT TECHNOLOGIES LTD. (Name of Registrant) Hamelacha 5, Netanya 4250407, Israel (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. TAT Technologies Ltd. 6-K Items 1. Press Release dated November ...
TAT Technologies(TATT) - 2023 Q3 - Quarterly Report
2023-08-29 20:44
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2023 TAT TECHNOLOGIES LTD. (Name of Registrant) Hamelacha 5, Netanya 4250540, Israel (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant ...
TAT Technologies(TATT) - 2023 Q2 - Quarterly Report
2023-05-30 20:01
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 TAT TECHNOLOGIES LTD. (Name of Registrant) Giborei Israel 7, Netanya 4250540, Israel (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registran ...
TAT Technologies(TATT) - 2023 Q1 - Quarterly Report
2023-03-29 20:13
Financial Performance - Total revenues for the twelve months ended December 31, 2022, were $84.6 million, an increase of 8.4% compared to $78 million in 2021[10] - Gross profit for the same period was $15.9 million, representing 18.8% of revenues, up 41% from $11.3 million (14.5% of revenues) in 2021[10] - Adjusted EBITDA for 2022 was $4 million, a 21% increase from $3.3 million in 2021[10] - GAAP net loss from continued operations decreased by 60% to $1.6 million in 2022, compared to a loss of $4 million in 2021[10] - Total revenue for TAT Technologies Ltd. in 2022 was $77,973,000, a slight increase from $75,359,000 in 2021, representing a growth of 2.14%[24] - The net loss for 2022 was $1,562,000, an improvement compared to a net loss of $3,562,000 in 2021, indicating a reduction in losses by approximately 56%[26] - Gross profit for 2022 was $11,270,000, up from $8,435,000 in 2021, reflecting a gross profit margin increase from 11.2% to 14.5%[24] - The total comprehensive loss for 2022 was $1,621,000, compared to $3,657,000 in 2021, indicating a reduction in comprehensive losses by approximately 56%[28] Expenses and Cash Flow - Operating expenses increased to $15,305,000 in 2022 from $12,481,000 in 2021, marking a rise of 22.5%[24] - Research and development expenses rose to $517,000 in 2022, compared to $185,000 in 2021, showing a significant increase of 179%[24] - Cash flows from operating activities showed a net outflow of $4,867,000 in 2022, worsening from an outflow of $2,269,000 in 2021[31] - Cash flows from financing activities provided net cash of $15,798 thousand in 2022, compared to $6,042 thousand in 2021, marking a significant increase of 161.5%[33] - Total cash and cash equivalents at the end of 2022 were $8,026 thousand, down from $13,215 thousand at the end of 2021, representing a decrease of 39.1%[33] - The company reported a net cash decrease of $(5,189) thousand in 2022, compared to a decrease of $(11,089) thousand in 2021, showing an improvement in cash flow management[33] Restructuring and Investments - The company recorded restructuring expenses of $1.7 million for both 2021 and 2022[10] - The company incurred restructuring expenses of $1,755,000 in 2022, compared to no restructuring expenses in 2021[24] - The company incurred restructuring expenses of $1,715 thousand in 2022, slightly down from $1,755 thousand in 2021[35] - The company had a share in results of equity investment of $(184) thousand in 2022, compared to $76 thousand in 2021, indicating a decline in investment performance[35] Strategic Developments - The expected total value of long-term commercial agreements and backlog reached $400 million, nearly double compared to 2021[11] - The company secured several strategic contracts in the second half of 2022, increasing the expected value of long-term agreements by $130 million[11] - TAT Technologies plans to benefit from a new line of business in 2023, including MRO for APU331-500 and Gulfstream Landing gear platforms[11] - The company completed the transition of heat exchange activity from Israel to the US and merged two facilities in Israel into one modern facility[11] Debt and Financial Obligations - Net debt increased to $19.4 million as of December 31, 2022, from $0.5 million in 2021, due to significant capital investments[10] - Proceeds from long-term loans received in 2022 amounted to $16,680 thousand, a substantial increase from $3,042 thousand in 2021[33] - Interest paid in 2022 was $(796) thousand, compared to $(251) thousand in 2021, indicating an increase in financial expenses[33] Shareholder Information - The company reported a net loss per share of $0.175 for 2022, an improvement from a loss of $0.45 per share in 2021[26] - TAT Technologies Ltd. had a weighted average number of shares outstanding of 8,911,546 in 2022, slightly up from 8,874,696 in 2021[26] Risks and Challenges - The company is subject to various risks that could impact future performance, including changes in demand and supply chain issues[36]
TAT Technologies(TATT) - 2022 Q4 - Annual Report
2023-03-29 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ ☐ SHELL COMPANY REPORT PURSUANT TO SECTION ...
TAT Technologies(TATT) - 2022 Q3 - Quarterly Report
2022-11-30 13:23
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2022 TAT TECHNOLOGIES LTD. (Name of Registrant) Giborei Israel 7, Netanya 4250407, Israel (Address of Principal Executive Office) Indicate by check mark if the regi ...
TAT Technologies(TATT) - 2022 Q2 - Quarterly Report
2022-05-31 11:20
Washington, D.C. 20549 F O R M 6-K SECURITIES AND EXCHANGE COMMISSION REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2022 TAT TECHNOLOGIES LTD. (Name of Registrant) Giborei Israel 7, Netanya 4250407, Israel (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registran ...
TAT Technologies(TATT) - 2021 Q4 - Annual Report
2022-03-14 12:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) ...
TAT Technologies(TATT) - 2022 Q1 - Quarterly Report
2022-03-09 14:00
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2022 TAT TECHNOLOGIES LTD. (Name of Registrant) P.O.BOX 80, Gedera 70750 Israel (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is sub ...