Arotech Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for 2018
For the quarter, revenues were $28,996,099 against $21,489,274 a year ago. Operating income was $1,960,078 against loss of $1,743,413 a year ago. Income from continuing operations before income tax expense was $1,638,728 against loss of $1,934,429 a year ago. Income from continuing operations was $4,408,853 against loss of $2,033,577 a year ago. Net income was $4,408,853 against loss of $2,040,472 a year ago. Basic and diluted net income per share was $0.17 against loss of $0.08 a year ago. Total adjusted EBITDA was $3,229,618 against $757,056 a year ago. Adjusted net income was $2,168,000 against $229,000 a year ago. Adjusted EPS was $0.08 against $0.01 a year ago.
The company's 2018 guidance range: total revenue of $100 million to $105 million; adjusted EBITDA of $7.0 million to $8.0 million; and adjusted EPS of $0.15 to $0.18.