Arotech Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenues of USD 27,248,509 compared to USD 22,347,445 a year ago. Operating income was USD 1,055,808 compared to loss of USD 226,665 a year ago. Income before income tax expense was USD 842,703 compared to loss of USD 548,368 a year ago. Net income was of USD 595,589 or USD 0.02 per basic and diluted share compared to loss of USD 768,308 or USD 0.03 per basic and diluted share a year ago. Total adjusted EBITDA was USD 2,160,705 compared to USD 997,630 a year ago. Adjusted net income was USD 1,446,000 or USD 0.05 per share compared to USD 266,000 or USD 0.01 per share a year ago.

For 2018, the company expects total revenue of USD 100 million to USD 105 million, adjusted EBITDA of USD 7.0 million to USD 8.0 million and adjusted EPS of USD 0.15 to USD 0.18.