DGAP-News

Orad Hi-Tec Systems Ltd.: Revenues and earnings set new records in 2014

DGAP-News: Orad Hi-Tec Systems Ltd / Key word(s): Final Results
Orad Hi-Tec Systems Ltd.: Revenues and earnings set new records in
2014

05.03.2015 / 08:32

---------------------------------------------------------------------


Orad Hi-Tec Systems Ltd.: Revenues and earnings set new records in 2014

- Revenues up 27.3 percent to USD 40.5 million

- Net income climbs to USD 3.4 million after loss of USD 1.9 million in
previous year

- Dividend of USD 0.105 per share resolved

Kfar-Saba, Israel, March 5, 2015 - Orad Hi-Tec Systems Ltd. (ISIN
IL0010838071; Frankfurt - Prime Standard; symbol: OHT), a leading
developer, marketer and distributor of state-of-the-art 3D real-time
graphics, video servers and MAM solutions, today announced that it closed
out financial 2014 by posting new record-high revenue and earnings figures.
At USD 40.5 million, revenues were up 27.3 percent compared to the previous
year's figure of USD 31.8 million. The operating income (EBIT) rose to USD
4.4 million after a loss of USD 1.6 million in 2013. This corresponds to a
very positive profit margin of 10.8 percent of revenues, which exceeds the
forecast of 8 to 10 percent. In 2014, net income climbed to a new record
high of USD 3.4 million after loss of USD 1.9 million in the previous year.

The company's cash and cash equivalents increased year-on-year from USD 4.7
million to USD 10.4 million at the end of 2014. Due to this excellent
earnings performance, the Board of Directors declared a dividend of USD
0.105 per Orad share for a total of approximately USD 1.2 million.

In the fourth quarter of 2014, revenues totalled USD 10.6 million, up 21.7
percent from the prior year. The operating income (EBIT) rose sharply to
USD 1.5 million after amounting to USD 0.1 million in the fourth quarter of
2013. Net income improved significantly to USD 1.1 million after totalling
USD 0.2 million in the prior-year quarter.

The company's wide range of products and solutions, extensive geographical
presence, and increased efficiency were key factors in the record results
achieved in 2014 as a whole. Incoming orders doubled year-on-year,
particularly in North America.

Orad is optimistic that the positive trend begun in 2014 will continue in
the new 2015 financial year. The company is seeing growing interest from
existing and new customers. In view of the size of the potential market,