Arotech Corp. Reveals 85% Retreat In Q4 Bottom Line

(RTTNews) - Arotech Corp. (ARTX) reported earnings for fourth quarter that lost ground compared to the same period last year.

The company said its bottom line declined to $0.28 million, or $0.01 per share. This was down from $1.84 million, or $0.07 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 21.6% to $21.49 million. This was down from $27.41 million last year.

Arotech Corp. earnings at a glance:

-Earnings (Q4): $0.28 Mln. vs. $1.84 Mln. last year. -Earnings Decline (Y-o-Y): -84.8% -EPS (Q4): $0.01 vs. $0.07 last year. -EPS Decline (Y-o-Y): -85.7% -Revenue (Q4): $21.49 Mln vs. $27.41 Mln last year. -Revenue Change (Y-o-Y): -21.6%