OverviewSuggest Edit

Arotech is a company providing defense and security products and services. It operates 2 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.
TypePublic
Founded1990
HQAnn Arbor, US
Websitearotech.com

Latest Updates

Employees (est.) (Dec 2018)472(-3%)
Revenue (FY, 2018)$96.6 M(-2%)
Share Price (Nov 2019)$3

Key People/Management at Arotech

Dean Krutty

Dean Krutty

President & CEO
Kelli Kellar

Kelli Kellar

Vice President – Finance & Chief Financial Officer
Yaakov Har-Oz

Yaakov Har-Oz

Senior Vice President, General Counsel and Secretary
Ronen Badichi

Ronen Badichi

General Manager, Power Systems Division, Israel
David Modeen

David Modeen

President, UEC Electronics
Kurt Flosky

Kurt Flosky

President, Training & Simulation Division
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Arotech Office Locations

Arotech has an office in Ann Arbor
Ann Arbor, US (HQ)
1229 Oak Valley Dr
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Arotech Financials and Metrics

Arotech Revenue

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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

Market capitalization (15-Nov-2019)

79.5m

Closing stock price (15-Nov-2019)

3.0

Cash (30-Sep-2019)

5.2m

EV

77.2m
Arotech's current market capitalization is $79.5 m.
Annual
USDFY, 2011FY, 2012FY, 2016FY, 2017FY, 2018

Revenue

(62.1m)80.1m93.0m98.7m96.6m

Revenue growth, %

(4%)6%(2%)

Cost of goods sold

46.0m62.1m64.8m71.1m67.4m

Gross profit

(108.1m)17.9m28.2m27.6m29.2m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

13.3m14.3m26.2m16.1m20.4m21.4m22.1m22.4m22.3m21.4m25.9m27.2m21.9m23.8m20.8m23.3m23.6m

Cost of goods sold

10.5m10.7m21.1m11.8m17.0m16.5m16.8m16.1m15.9m15.5m18.7m19.5m15.3m16.5m15.0m15.6m15.6m

Gross profit

2.8m3.5m5.1m4.3m3.4m5.0m5.3m6.3m6.5m6.0m7.3m7.7m6.6m7.3m5.8m7.6m8.0m

Gross profit Margin, %

21%25%19%27%16%23%24%28%29%28%28%28%30%31%28%33%34%
Annual
USDFY, 2011FY, 2012FY, 2016FY, 2017FY, 2018

Cash

2.3m1.6m7.1m5.2m4.2m

Accounts Receivable

11.9m9.6m16.8m19.3m16.3m

Prepaid Expenses

1.5m1.2m

Inventories

9.5m10.0m10.3m8.7m9.9m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

2.3m1.2m1.8m1.7m1.4m757.7k377.8k953.3k8.5m5.1m4.3m8.0m7.5m5.0m4.5m3.7m5.2m

Accounts Receivable

8.5m13.7m10.4m7.5m11.3m10.0m14.3m19.6m17.8m15.4m13.8m14.3m14.3m14.2m11.8m17.2m

Prepaid Expenses

1.5m1.5m1.3m1.3m1.3m1.0m1.0m3.6m

Inventories

11.3m13.9m14.6m9.8m10.4m10.9m10.5m9.8m9.8m10.7m10.1m9.0m9.8m9.7m9.5m9.2m8.9m
Annual
USDFY, 2011FY, 2012FY, 2016FY, 2017FY, 2018

Net Income

11.5m(3.0m)(2.8m)3.8m1.9m

Depreciation and Amortization

1.1m2.3m4.7m4.0m3.7m

Inventories

1.7m(530.4k)(652.4k)2.1m(1.3m)

Accounts Payable

(2.0m)622.0k(1.5m)1.3m866.6k
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(2.6m)(4.7m)(6.2m)(1.1m)(4.0m)(3.5m)404.0k1.9m(768.3k)(1.4m)(574.7k)595.6k679.1k1.4m(1.4m)(1.0m)(1.1m)

Depreciation and Amortization

302.8k603.8k920.3k273.0k(1.2m)(1.7m)571.3k1.1m1.1m2.1m3.0m996.4k1.9m2.8m863.3k1.7m2.5m

Inventories

1.6m4.3m4.9m(344.7k)(873.2k)(1.4m)(428.3k)229.8k752.0k20.9k620.8k(324.6k)(1.2m)(1.1m)460.9k676.9k1.0m

Accounts Payable

(946.3k)(1.2m)(2.3m)91.2k(350.8k)(468.1k)(616.1k)(342.7k)961.7k194.4k1.8m(292.7k)(719.7k)319.5k(82.6k)(1.5m)1.4m
USDY, 2019

EV/EBIT

148.4 x

EV/CFO

-129.9 x

Financial Leverage

1.7 x
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Arotech Operating Metrics

Arotech's Backlog was reported to be $70.5m in Q1, 2019.
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Arotech Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Arodelek
Electric Fuel Battery Corporation
Epsilor-Electric Fuel
FAAC Incorporated
UEC Electronics

Arotech Revenue Breakdown

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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

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Arotech News and Updates

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

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…

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

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…

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…

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…

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…

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 to Release First Quarter 2019 Results on Wednesday, May 8, 2019

Conference Call Scheduled for Thursday, May 9 at 9:00 am Eastern Time ANN ARBOR, Mich., April 25, 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 w…
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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, Kelli Kellar and Yaakov Har-Oz.

  • 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 TNR Technical, Ultralife Corporation and Micronet Enertec Technologies.

  • 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.