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June 17, 2014
08:03 EDTMICTMicronet Enertec awarded $3M in cumulative follow-on orders
Micronet Enertec announced that its wholly owned subsidiary, Enertec Systems 2001, was awarded $3M in cumulative follow-on orders for computer-based test, diagnosis and simulation systems to support the newest version of advanced missile defense systems. These orders follow the initial $2.6M order announced on November 12, 2013. The purchase order is from a multi-billion Israeli-based defense contractor working in partnership with a major US contractor in the international marketing of a state of the art missile defense system. The $3M on orders will be executed and delivered in fiscal years 2014 and 2015. Also, this customer has indicated that additional follow-on production orders are expected to be issued in 2016 and beyond.
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November 18, 2015
07:55 EDTMICTMicronet Enertec CEO sees Q4 revenue up 60% over Q3
Micronet Enertec CEO David Lucatz stated, "MRM backlog grew considerably throughout the third quarter as customers embraced our new product line, and we anticipate 60% plus revenue growth over Q3 and improved gross margin performance in Q4 as orders are shipped. Furthermore, we have reduced our expenses throughout the year." "Hence, we expect improved financial results in Q4 as we realize sequential revenue growth and control costs." "With the momentum in our business, favorable macro trends, and focus on driving margin improvement, we anticipate strong revenue growth and net profitability in 2016 and coming years."
07:52 EDTMICTMicronet Enertec reports Q3 EPS (22c) vs. (9c) last year
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