In the Q4, Rada Electronic Industries Ltd 's corporate clients experienced a reduction by -5.19 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 13.28 %. During the corresponding time, Rada Electronic Industries Ltd While revenue at the Rada Electronic Industries Ltd 's corporate clients recorded rose by 0.86 % year on year, sequentially revenue grew by 8.25 %.
Customers of Rada Electronic Industries Ltd saw their costs of revenue decrease by -5.19 % in Q4 compare to a year ago, sequentially costs of revenue grew by 13.28 %, for the same period Rada Electronic Industries Ltd
Rada Electronic Industries Ltd's Comment on Sales, Marketing and Customers
Generally, we complete a few major transactions each year, each in an amount
comprising more than 10% of our revenues for such year. As a result, each year
a significant portion of our revenues is derived from a small number of customers.
Israel Aerospace Industries
Ministry of Defense
RAFAEL
Embraer S.A.
Hindustan Aeronautics Ltd
Lockheed Martin Corporation
Although we continually strive to increase the number of our customers, we anticipate
that a significant portion of our future revenues will continue to be derived
from a small number of customers. Because of our dependency on a small number
of customers and on government contracts, we are subject to business risks,
including changes in governmental appropriations and changes in national defense
policies and priorities. Although many of the programs in which we participate
as a contractor or subcontractor may extend for several years, our business
is dependent upon annual appropriations and funding of new and existing contracts.
Most of the contracts are subject to termination for the convenience of the
customer, pursuant to which the customer pays only for reimbursement of costs
incurred and the applicable profit on work performed. The Israeli government
or any other government may discontinue funding purchases of our products over
the long term.
Rada Electronic Industries Ltd’s Comment on Sales, Marketing and Customers
Generally, we complete a few major transactions each year, each in an amount
comprising more than 10% of our revenues for such year. As a result, each year
a significant portion of our revenues is derived from a small number of customers.
Israel Aerospace Industries
Ministry of Defense
RAFAEL
Embraer S.A.
Hindustan Aeronautics Ltd
Lockheed Martin Corporation
Although we continually strive to increase the number of our customers, we anticipate
that a significant portion of our future revenues will continue to be derived
from a small number of customers. Because of our dependency on a small number
of customers and on government contracts, we are subject to business risks,
including changes in governmental appropriations and changes in national defense
policies and priorities. Although many of the programs in which we participate
as a contractor or subcontractor may extend for several years, our business
is dependent upon annual appropriations and funding of new and existing contracts.
Most of the contracts are subject to termination for the convenience of the
customer, pursuant to which the customer pays only for reimbursement of costs
incurred and the applicable profit on work performed. The Israeli government
or any other government may discontinue funding purchases of our products over
the long term.
Sources:
Rada Electronic Industries Ltd’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Rada Electronic Industries Ltd’s corporate clients.
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