Updated from 12:15 p.m. with closing price information.
The company reported a 23% year-over-year revenue increase to $6.4 million from $5.2 million. Net income totaled $385,000, or 4 cents a share, compared to a net loss of $935,000 or 10 cents a share, in the same period in 2013.
Gross profit surged 164% year-over-year to $2.04 million from $0.8 million. Operating expenses ticked up 11% to $1.4 million from $1.3 million in the second quarter of 2013. Financial expenses fell 43% year-over-year to $262,000 from $459,000.
The stock closed up 135.32% to $5.93. More than 37.7 million shares had changed hands, which dwarfed the average volume of 196,578.
Separately, TheStreet Ratings team rates RADA ELECTRONIC INDS as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADA ELECTRONIC INDS (RADA) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins."
You can view the full analysis from the report here: RADA Ratings Report
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