Arotech Corp. (ARTX, Financial) filed Quarterly Report for the period ended 2012-06-30.
Arotech Corporation has a market cap of $13 million; its shares were traded at around $0.72 with and P/S ratio of 0.2.
Revenues. Revenues for the three months ended June 30, 2012 totaled $20.4 million, compared to $10.6 million in the comparable period in 2011, an increase of $9.8 million, or 92.3%. In the second quarter of 2012, revenues were $16.5 million for the Training and Simulation Division (compared to $6.5 million in the second quarter of 2011, an increase of $10.0 million, or 154.9%, due primarily to a major new contract (VCTS)); and $3.9 million for the Battery and Power Systems Division (compared to $4.1 million in the second quarter of 2011, a decrease of $225,000, or 5.5%, due primarily to decreased sales in the U.S.).
Cost of revenues. Cost of revenues totaled $17.0 million during the second quarter of 2012, compared to $7.1 million in the second quarter of 2011, an increase of $9.9 million, or 138.4%, due primarily to increased revenue and the higher costs associated with the new VCTS contract. Cost of revenues were $13.2 million for the Training and Simulation Division (compared to $3.4 million in the second quarter of 2011, an increase of $9.8 million, or 290.8%, due primarily to an increase in revenue and the higher costs associated with the new VCTS contract); and $3.8 million for the Battery and Power Systems Division (compared to $3.8 million in the second quarter of 2011, an increase of $49,000, or 1.3%).
Revenues. Revenues for the six months ended June 30, 2012 totaled $36.5 million, compared to $23.0 million in the comparable period in 2011, an increase of $13.4 million, or 58.4%. In the first six months of 2012, revenues were $27.4 million for the Training and Simulation Division (compared to $14.7 million in the first six months of 2011, an increase of $12.7 million, or 86.3%, due primarily to a major new contract (VCTS)); and $9.1 million for the Battery and Power Systems Division (compared to $8.3 million in the first six months of 2011, an increase of $759,000, or 9.1%, due primarily to increased sales in the U.S. of the SWIPES system).
Cost of revenues. Cost of revenues totaled $28.8 million during the first six months of 2012, compared to $16.0 million in the first six months of 2011, an increase of $12.8 million, or 79.9%, due primarily to increased revenue and the higher costs associated with the new VCTS contract. Cost of revenues were $21.1 million for the Training and Simulation Division (compared to $8.3 million in the first six months of 2011, an increase of $12.8 million, or 152.9%, due primarily to an increase in revenue and the higher costs associated with the new VCTS contract); and $7.7 million for the Battery and Power Systems Division (compared to $7.7 million in the first six months of 2011, an increase of $43,000, or 0.6%).
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Arotech Corporation has a market cap of $13 million; its shares were traded at around $0.72 with and P/S ratio of 0.2.
Highlight of Business Operations:
Overall, our loss from continuing operations before income tax expense for the six months ended June 30, 2012 was $2.0 million on revenues of $36.5 million, compared to a loss of $2.1 million on revenues of $23.0 million during the six months ended June 30, 2011. As of June 30, 2012, our overall backlog totaled $87.3 million compared to $94.9 million in the second quarter of 2011.Revenues. Revenues for the three months ended June 30, 2012 totaled $20.4 million, compared to $10.6 million in the comparable period in 2011, an increase of $9.8 million, or 92.3%. In the second quarter of 2012, revenues were $16.5 million for the Training and Simulation Division (compared to $6.5 million in the second quarter of 2011, an increase of $10.0 million, or 154.9%, due primarily to a major new contract (VCTS)); and $3.9 million for the Battery and Power Systems Division (compared to $4.1 million in the second quarter of 2011, a decrease of $225,000, or 5.5%, due primarily to decreased sales in the U.S.).
Cost of revenues. Cost of revenues totaled $17.0 million during the second quarter of 2012, compared to $7.1 million in the second quarter of 2011, an increase of $9.9 million, or 138.4%, due primarily to increased revenue and the higher costs associated with the new VCTS contract. Cost of revenues were $13.2 million for the Training and Simulation Division (compared to $3.4 million in the second quarter of 2011, an increase of $9.8 million, or 290.8%, due primarily to an increase in revenue and the higher costs associated with the new VCTS contract); and $3.8 million for the Battery and Power Systems Division (compared to $3.8 million in the second quarter of 2011, an increase of $49,000, or 1.3%).
Revenues. Revenues for the six months ended June 30, 2012 totaled $36.5 million, compared to $23.0 million in the comparable period in 2011, an increase of $13.4 million, or 58.4%. In the first six months of 2012, revenues were $27.4 million for the Training and Simulation Division (compared to $14.7 million in the first six months of 2011, an increase of $12.7 million, or 86.3%, due primarily to a major new contract (VCTS)); and $9.1 million for the Battery and Power Systems Division (compared to $8.3 million in the first six months of 2011, an increase of $759,000, or 9.1%, due primarily to increased sales in the U.S. of the SWIPES system).
Cost of revenues. Cost of revenues totaled $28.8 million during the first six months of 2012, compared to $16.0 million in the first six months of 2011, an increase of $12.8 million, or 79.9%, due primarily to increased revenue and the higher costs associated with the new VCTS contract. Cost of revenues were $21.1 million for the Training and Simulation Division (compared to $8.3 million in the first six months of 2011, an increase of $12.8 million, or 152.9%, due primarily to an increase in revenue and the higher costs associated with the new VCTS contract); and $7.7 million for the Battery and Power Systems Division (compared to $7.7 million in the first six months of 2011, an increase of $43,000, or 0.6%).
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