ARTX

Overview

Highlights

News

Chart

Management

Contacts

 

   
 
   
"Revenues for the first six months of 2013 reached $44.4 million, compared to $36.5 million for the corresponding period last year, an increase of 21.8%."

 

 
Approximate Financial Snapshot as of 8/13/13
Shares Outstanding 15.6M  
52 Wk Hi/Lo 1.93/

0.71

Market Cap $27.9M
Recent Price $1.79
 

 

 
 
   

 

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Arotech (ARTX)

 

Website: www.Arotech.com

"For the full year 2013, Arotech's management anticipates that revenues will range from $87 million to $89 million.


Overview

Arotech (ARTX) is a leading provider of quality defense and security products for the military, law enforcement and homeland security markets. Arotech provides multimedia interactive simulators/trainers and advanced zinc-air and lithium batteries and chargers. Arotech operates through two major business divisions: Training and Simulation, and Batteries and Power Systems.

Training and Simulation develops, manufactures, and markets multimedia and interactive digital solutions for use-of-force training and driving training of military, law enforcement, security, and other personnel. 

Battery and Power Systems division develops and sells rechargeable and primary lithium batteries, and smart chargers to the military and to private defense industry. This division also develops, manufactures, and markets primary zinc-air batteries, rechargeable batteries, and battery chargers for the military for high energy and light weight applications; and produces water-activated lifejacket lights for commercial aviation and marine applications.

Arotech Corporation sells its products primarily in the United States, Israel, Germany, Taiwan, Korea, Canada, Hong Kong, India, Mexico, Ecuador, Thailand, the United Arab Emirates, and China.


ARTX Investor Highlights

  • Revenues for the second quarter reached $22.4 million, compared to $20.4 million for the corresponding period in 2012, an increase of 9.9%.

  • Adjusted EBITDA for the quarter was $2.5 million, compared to $(0.1) million for the corresponding period in 2012.

  • Revenues for the first six months of 2013 reached $44.4 million, compared to $36.5 million for the corresponding period last year, an increase of 21.8%.

  • Adjusted EBITDA for the first six months of 2013 was $4.0 million, compared to $0.4 million for the corresponding period last year.

  • Backlog of orders totaled approximately $65.7 million as of June 30, 2013.

  • For the full year 2013, Arotech's management anticipates that revenues will range from $87 million to $89 million. This is an increase from the former guidance range of between $85 million and $87 million.

  • Announced that its Training and Simulation Division has secured $3.7 million in new orders. These contracts span all training and simulation business units, with a portion of the orders extending the Division's on-site support for its fielded systems.

  • Announced that it received a number of orders for batteries. The orders amounted to a total of $5 million and were from a mix of military and commercial customers, including $2.25 million in orders for the division's water-activated survivor locator lights.


Recent News and Press Releases

Arotech Corporation Reports Record Results For The Second Quarter And First Six Months Of 2013

Arotech Receives $3.7 Million in New Orders for Training and Simulation Products

Arotech Recieves $5 Million in Battery Orders

For the latest Quote and News on ARTX Click Here.


Three Month Chart


Management

Robert S. Ehrlich - Chairman of the Board and Chief Executive Officer

Robert S. Ehrlich has been Chairman of the Board since January 1993 and our President and Chief Executive Officer since October 2002. From May 1991 until January 1993, Mr. Ehrlich was Vice Chairman of the Board, and from May 1991 until October 2002 he was Chief Financial Officer. Mr. Ehrlich was a director of Eldat, Ltd., an Israeli manufacturer of electronic shelf labels, from June 1999 to July 2003. From 1987 to June 2003, Mr. Ehrlich served as a director of PSC Inc. (“PSCX”), a manufacturer and marketer of laser diode bar code scanners, and, between April 1997 and June 2003, Mr. Ehrlich was the chairman of the board of PSCX. Mr. Ehrlich received a B.S. and J.D. from Columbia University in New York, New York.

Steven Esses - Executive Vice President

Steven Esses has been a director since July 2002 and Executive Vice President since January 2003 and Chief Operating Officer since February 2003 and  President since December 2005. From 2000 till 2002, Mr. Esses was a principal with Stillwater Capital Partners, Inc., a New York-based investment research and advisory company (hedge fund) specializing in alternative investment strategies. During this time, Mr. Esses also acted as an independent consultant to new and existing businesses in the areas of finance and business development. From 1995 to 2000, Mr. Esses founded Dunkin’ Donuts in Israel and held the position of Managing Director and CEO. Prior thereto, he was Director of Retail Jewelry Franchises with Hamilton Jewelry, and before that he served as Executive Director of Operations for the Conway Organization, a major off-price retailer with 17 locations.

Yaakov Har-OZ - Vice President

Yaakov Har-Oz has served as Vice President and General Counsel since October 2000 and as corporate Secretary since December 2000. From 1994 until October 2000, Mr. Har-Oz was a partner in the Jerusalem law firm of Ben-Ze'ev, Hacohen & Co. Prior to moving to Israel in 1993, he was an administrative law judge and in private law practice in New York. Mr. Har-Oz holds a B.A. from Brandeis University in Waltham, Massachusetts and a J.D. from Vanderbilt Law School (where he was an editor of the law review) in Nashville, Tennessee. He is a member of the New York bar and the Israel Chamber of Advocates.


SEC Filings

ARTX filings with the SEC can be found here.


Contacts

Arotech Corporation

1229 Oak Valley Drive
Ann Arbor, MI 48108
Phone: 800-281-0356
Fax: 734-761-5368


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