NETANYA, Israel, July 1, 2013 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq:RADA) announced today its financial results for the quarter ended March 31, 2013. 2013 First Q uarter Results Revenues totaled $5.4 million, a 46% increase when compared with $3.7 million in the first quarter of 2012. Gross Profit totaled $0.85 million, a 15% decrease when compared with $1 million in the first quarter of 2012. Operating Expenses totaled $1.5 million, a 4% decrease when compared with $1.6 million in the first quarter of 2012. Financial Expenses totaled $475,000, a 100 % increase when compared with financial expenses of $236,000 in the first quarter of 2012. As a result, the Company reported a loss of $1,165,000, or $0.13 per share, for the first quarter of 2013 compared with a net loss of $840,000, or $0.09 per share, for the first quarter of 2012.
RADA Electronic Industries Announces 2013 First Quarter Results
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