Arotech
OverviewSuggest Edit
Arotech is a company providing defense and security products and services. It operates in two major business divisions: Training and Simulation, and Power Systems. The Training and Simulation division develops, manufactures and markets trainers and simulators for various kinds of equipment and situations for military, law enforcement, and commercial customers. The Power Systems division develops and provides portable energy solutions for diverse applications ranging from vehicle power, clean energy power generation, power distribution and management, and military field equipment to life-vest lights, satellite radios, and unmanned vehicles.
| Type | Private | |
| Founded | 1990 | |
| HQ | Ann Arbor, US | Map |
| Website | arotech.com |
Recent NewsAll News
- Greenbriar Equity Group Completes Acquisition of Arotech Corporation
- Arotech to be Acquired by Greenbriar for $3.00 Per Share in Cash
- Arotech Training and Simulation Division Receives $2.9M In Awards From U.S. Department of State for FAAC Police Driving Simulators and MILO Theater Systems
- Arotech Reports Fourth Quarter and Full Year 2018 Results
Key People/Management at Arotech
Dean Krutty
President & CEO
Yaakov Har-Oz
Senior Vice President, General Counsel and Secretary
Kurt Flosky
President, Training & Simulation Division
Kelli Kellar
Vice President – Finance & Chief Financial Officer
Jon B. Kutler
Chairman of the Board
Kenneth W. Cappell
Director
Arotech Office Locations
Arotech has an office in Ann Arbor
Ann Arbor, US (HQ)
1229 Oak Valley Dr
Arotech Financials and Metrics
Summary Metrics
Founding Date | 1990 |
Arotech Revenue
Arotech's revenue was reported to be $96.60 m in FY, 2018 which is a 2.2% decrease from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2019) | 23.6m |
Gross profit (Q3, 2019) | 8.0m |
Gross profit margin (Q3, 2019), % | 33.8% |
Net income (Q3, 2019) | (63.3k) |
EBIT (Q3, 2019) | 520.5k |
Cash (30-Sept-2019) | 5.2m |
Annual
Annual
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (768.3k) | (1.4m) | (574.7k) | 595.6k | 679.1k | 1.4m | (1.4m) | (1.0m) | (1.1m) |
Depreciation and Amortization | 1.1m | 2.1m | 3.0m | 996.4k | 1.9m | 2.8m | 863.3k | 1.7m | 2.5m |
Inventories | 752.0k | 20.9k | 620.8k | (324.6k) | (1.2m) | (1.1m) | 460.9k | 676.9k | 1.0m |
Accounts Payable | 961.7k | 194.4k | 1.8m | (292.7k) | (719.7k) | 319.5k | (82.6k) | 860.2k | 1.4m |
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 180.9k |
Debt/Equity | 0.2 x |
Debt/Assets | 0.1 x |
Financial Leverage | 1.7 x |
Arotech Operating Metrics
Arotech's Backlog was reported to be $67.6m in Q3, 2019.
| FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Backlog | $55.37 m | $52.20 m | $61.30 m | $69.50 m | $61.10 m | $54 m | $65.90 m | $70.70 m | $64.85 m | $70.50 m | $70.30 m | $67.60 m |
Backlog (Training and Simulation Division) | $18.79 m | $23.50 m | $38.70 m | $41.50 m | $38.75 m | $33.10 m | $44.60 m | $51.30 m | $47.29 m | $49.10 m | $49.20 m | $47.90 m |
Backlog (Power Systems Division) | $36.58 m | $28.70 m | $22.60 m | $28 m | $22.35 m | $20.90 m | $21.30 m | $19.40 m | $17.55 m | $21.50 m | $21.20 m | $19.70 m |
Patents Issued | 3 | 4 | 5 |
Arotech Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Arodelek | ||
| Electric Fuel Battery Corporation | ||
| Epsilor-Electric Fuel | ||
| FAAC Incorporated | ||
| UEC Electronics |
Arotech Cybersecurity Score
Arotech Revenue Breakdown
Arotech revenue breakdown by business segment: 58.7% from Training and Simulation Division and 41.3% from Power Systems Division
Arotech revenue breakdown by geographic segment: 79.0% from U.S.A., 9.5% from Israel and 11.5% from Other
Arotech Online and Social Media Presence
Arotech's Trends
Arotech News and Updates
December 19, 2019
Greenbriar Equity Group Completes Acquisition of Arotech Corporation
ANN ARBOR, Mich., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) (“Arotech”) today announced the completion of its acquisition by an affiliate of Greenbriar Equity Group, L.P. (“Greenbriar”). The transaction, announced on September 22, 2019, was completed on December 19, 20…
September 23, 2019
Arotech to be Acquired by Greenbriar for $3.00 Per Share in Cash
Transaction Expected to Close in the 1st Quarter of 2020 Transaction Expected to Close in the 1st Quarter of 2020
March 20, 2019
Arotech Training and Simulation Division Receives $2.9M In Awards From U.S. Department of State for FAAC Police Driving Simulators and MILO Theater Systems
ANN ARBOR, Mich., March 20, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation’s [NasdaqGM: ARTX] Training and Simulation Division (ATSD) announced that it has received $2.9M in orders from its U.S. Department of State Indefinite Delivery, Indefinite Quantity contract vehicle. Orders year-to-date includ…
March 06, 2019
Arotech Reports Fourth Quarter and Full Year 2018 Results
ANN ARBOR, Mich., March 06, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) today announced financial results for the quarter and year ended December 31, 2018.
Arotech Blogs
February 21, 2019
Arotech to Release Year End and Fourth Quarter 2018 Results on Wednesday, March 6, 2019
Conference Call Scheduled for Thursday, March 7 at 9:00 am Eastern Time
ANN ARBOR, Mich., Feb. 21, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) a provider of quality defense and security products for the military, law enforcement and homeland security markets, announced that it …
January 07, 2019
Arotech Training and Simulation Division’s FAAC Incorporated Receives Army Simulator Maintenance Subcontract Valued at Up to $14M
ANN ARBOR, Mich., Jan. 07, 2019 (GLOBE NEWSWIRE) -- FAAC Incorporated, a unit of Arotech Corporation’s [NasdaqGM: ARTX] Training and Simulation Division, announced that it has received a subcontract to support the Army Training Aids, Devices, Simulators and Simulations (TADSS) Maintenance Program…
November 06, 2018
Arotech Reports Third Quarter 2018 Results
ANN ARBOR, Mich., Nov. 06, 2018 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) today announced financial results for the three and nine months ended September 30, 2018.
Third Quarter 2018 Financial Summary:
Nine months ended September 30,
Three months ended Septemb…
October 29, 2018
Arotech to Release Third Quarter 2018 Results on Tuesday, November 6, 2018
Conference Call Scheduled for Wednesday, November 7 at 9:00 a.m. Eastern Time
ANN ARBOR, Mich., Oct. 29, 2018 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) a provider of quality defense and security products for the military, law enforcement and homeland security markets, announced t…
October 23, 2018
Arotech Training and Simulation Division’s Milo Range Group Receives $2.5M in U.S. Air Force Contract Awards
ANN ARBOR, Mich., Oct. 23, 2018 (GLOBE NEWSWIRE) -- MILO Range Training Systems, a unit of Arotech Corporation’s [NasdaqGM: ARTX] Training and Simulation Division, announced that it has received new awards totaling $2.5M from the U.S. Air Force (USAF). The orders include MILO Range Theater 300, M…
September 10, 2018
Arotech’s FAAC Incorporated Receives $10.2M in Funding to Extend Capabilities of the U.S. Army’s Virtual Clearance Training Suite
ANN ARBOR, Mich., Sept. 10, 2018 (GLOBE NEWSWIRE) -- FAAC Incorporated, a part of Arotech Corporation’s Training and Simulation Division [NasdaqGM: ARTX], announced that it has received $10.2M in funding for its U.S. Army Virtual Clearance Training Suite (VCTS) follow-on program. Managed by U.S. …
Arotech Frequently Asked Questions
When was Arotech founded?
Arotech was founded in 1990.
Who are Arotech key executives?
Arotech's key executives are Dean Krutty, Yaakov Har-Oz and Kurt Flosky.
How many employees does Arotech have?
Arotech has 472 employees.
What is Arotech revenue?
Latest Arotech annual revenue is $96.6 m.
What is Arotech revenue per employee?
Latest Arotech revenue per employee is $204.7 k.
Who are Arotech competitors?
Competitors of Arotech include Ultralife Corporation, Leidos and Meggitt.
Where is Arotech headquarters?
Arotech headquarters is located at 1229 Oak Valley Dr, Ann Arbor.
Where are Arotech offices?
Arotech has an office in Ann Arbor.
How many offices does Arotech have?
Arotech has 1 office.
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