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, MI, US | Map |
| Website | arotech.com |
Recent NewsAll News
- Global Air Battery Market Trends Analysis, Supply Chain Analysis, Future Scope and Key Players - Rayovac, Energizer, Arotech
- 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
Key People/Management at Arotech
Dean Krutty
President & CEO
Steve Littauer
Chief Financial Officer
Yaakov Har-Oz
Senior Vice President, General Counsel and Secretary
Kurt Flosky
President, Training & Simulation Division
Arotech Office Locations
Arotech has an office in Ann Arbor
Ann Arbor, MI, 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 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 Cybersecurity Score
Arotech Online and Social Media Presence
Arotech's Trends
Arotech News and Updates
December 08, 2020
Global Air Battery Market Trends Analysis, Supply Chain Analysis, Future Scope and Key Players - Rayovac, Energizer, Arotech
Global Air Battery Market. According to the extensive report the market is anticipated to register a compounded annual growth rate of x% during the forecast period 2020 – 2025. Owing the growing demand and market expansion the business is expected take an up surge compared to the earlier estimated v…
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
October 06, 2020
AROTECH TRAINING AND SIMULATION DIVISION ACQUIRES SHOOTING RANGE INDUSTRIES
Ann Arbor, Michigan – October 6, 2020 – Arotech Corporation’s Training and Simulation Division (ATSD) announces the acquisition of Shooting Range Industries (SRI), a privately-owned company in Las Vegas, NV. For over 25 years SRI has been a premier provider of live-fire shooting range solutions and…
November 06, 2019
Arotech Reports Third Quarter 2019 Results
ANN ARBOR, Mich., Nov. 06, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) today announced financial results for the quarter and nine months ended September 30, 2019.
Third Quarter 2019 Financial Summary:
Consolidated
Nine months endedSeptember 30,
Three months endedSeptember 3…
October 23, 2019
Arotech to Release Third Quarter 2019 Results on Wednesday, November 6, 2019
ANN ARBOR, Mich., Oct. 23, 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 will release results for the quarter and nine months ended September 30, 2…
August 07, 2019
Arotech Reports Second Quarter 2019 Results
ANN ARBOR, Mich., Aug. 07, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) today announced financial results for the quarter and six months ended June 30, 2019.
Second Quarter 2019 Financial Summary:
Consolidated
Six months ended June 30,
Three months ended June 30,
U.S. $ in…
July 24, 2019
Arotech to Release Second Quarter 2019 Results on Wednesday, August 7, 2019
Conference Call Scheduled for Thursday, August 8 at 9:00 am Eastern Time
ANN ARBOR, Mich., July 24, 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…
May 08, 2019
Arotech Reports First Quarter 2019 Results
ANN ARBOR, Mich., May 08, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) today announced financial results for the quarter ended March 31, 2019.
First Quarter 2019 Financial Summary:
Consolidated
Three months ended March 31,
U.S. $ in thousands, except per share data
2019…
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, Steve Littauer and Yaakov Har-Oz.
How many employees does Arotech have?
Arotech has 67 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 $1.4 m.
Who are Arotech competitors?
Competitors of Arotech include Laser Shot, Zhongyeda Electric and Anduril.
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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