Arotech: 2Q Earnings Snapshot
ANN ARBOR, Mich. (AP) _ Arotech Corp. (ARTX) on Tuesday reported second-quarter net income of $84,000, after reporting a loss in the same period a year earlier.
The Ann Arbor, Michigan-based company said it had profit of less than 1 cent on a per-share basis. Earnings, adjusted for amortization costs and non-recurring costs, came to 3 cents per share.
The provider of defense and security products posted revenue of $21.9 million in the period.
Arotech expects full-year earnings in the range of 14 cents to 16 cents per share, with revenue in the range of $100 million to $105 million.
In the final minutes of trading on Tuesday, the company’s shares hit $3.90. A year ago, they were trading at $3.45.