TAT Technologies reports Q1 2018 revenues of USD 24.4m

TAT Technologies Ltd. (NASDAQ: TATT) has reported revenues for the three-month period that ended on March 31, 2018 were USD 24.4 million compared with USD 27.1 million in the three-month period that ended on March 31, 2017, the company said.

Adjusted EBITDA for the three-month period that ended on March 31, 2018 decreased to USD 0.4 million compared with USD 2.9 million in the three-month period that ended on March 31, 2017.

GAAP net loss of USD 0.7 million, or USD 0.08 per diluted share in the three-month period that ended on March 31, 2018 compared with a net income of USD 1.2 million, or USD 0.14 per diluted share in the three-month period that ended on March 31, 2017.

Non-GAAP net loss of USD 0.7 million, or USD 0.08 per diluted share in the three-month period that ended on March 31, 2018, compared with non-GAAP net income of USD 1.3 million, or USD 0.14 per diluted share in the three-month period that ended on March 31, 2017.

TAT Technologies Ltd. is a provider of services and products to the commercial and military aerospace and ground defense industries.