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.
TypePrivate
Founded1990
HQAnn Arbor, US
Websitearotech.com

Latest Updates

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

Key People/Management at Arotech

Dean Krutty

Dean Krutty

President & CEO
Yaakov Har-Oz

Yaakov Har-Oz

Senior Vice President, General Counsel and Secretary
Kurt Flosky

Kurt Flosky

President, Training & Simulation Division
Kelli Kellar

Kelli Kellar

Vice President – Finance & Chief Financial Officer
Jon B. Kutler

Jon B. Kutler

Chairman of the Board
Kenneth W. Cappell

Kenneth W. Cappell

Director
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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

Summary Metrics

Founding Date

1990
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Arotech Revenue

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View revenue for all periods
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
USDFY, 2016FY, 2017FY, 2018

Revenue

93.0m98.7m96.6m

Revenue growth, %

(4%)6%(2%)

Cost of goods sold

64.8m71.1m67.4m

Gross profit

28.2m27.6m29.2m
Quarterly
USDQ1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

22.3m21.4m27.2m21.9m23.8m20.8m23.3m23.6m

Cost of goods sold

15.9m15.5m19.5m15.3m16.5m15.0m15.6m15.6m

Gross profit

6.5m6.0m7.7m6.6m7.3m5.8m7.6m8.0m

Gross profit Margin, %

29%28%28%30%31%28%33%34%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

7.1m5.2m4.2m

Accounts Receivable

16.8m19.3m16.3m

Inventories

10.3m8.7m9.9m

Current Assets

47.7m51.8m54.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

8.5m5.1m4.3m8.0m7.5m5.0m4.5m3.7m5.2m

Accounts Receivable

17.8m15.4m13.8m14.3m14.3m14.2m11.8m15.6m17.2m

Inventories

9.8m10.7m10.1m9.0m9.8m9.7m9.5m9.2m8.9m

Current Assets

48.2m44.3m46.1m51.9m50.5m51.8m54.9m57.8m60.0m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(2.8m)3.8m1.9m

Depreciation and Amortization

4.7m4.0m3.7m

Inventories

(652.4k)2.1m(1.3m)

Accounts Payable

(1.5m)1.3m866.6k
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(768.3k)(1.4m)(574.7k)595.6k679.1k1.4m(1.4m)(1.0m)(1.1m)

Depreciation and Amortization

1.1m2.1m3.0m996.4k1.9m2.8m863.3k1.7m2.5m

Inventories

752.0k20.9k620.8k(324.6k)(1.2m)(1.1m)460.9k676.9k1.0m

Accounts Payable

961.7k194.4k1.8m(292.7k)(719.7k)319.5k(82.6k)860.2k1.4m
USDFY, 2016

Revenue/Employee

180.9k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.7 x
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Arotech Operating Metrics

Arotech's Backlog was reported to be $67.6m in Q3, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 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
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Arotech Acquisitions / Subsidiaries

Company NameDateDeal Size
Arodelek
Electric Fuel Battery Corporation
Epsilor-Electric Fuel
FAAC Incorporated
UEC Electronics

Arotech Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

Arotech Revenue Breakdown

Embed Graph

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

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…

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 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 …

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…

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…

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…

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…

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. …
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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, 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.