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, Orad aims to grow its market share.

The 2014 annual report is available on the Internet in the Investor Relations section at www.orad.tv.

Forward Looking Statements

This press release contains forward-looking statements that are based on the current estimates and projection of future results and trends based on the knowledge of the environment in which the Company currently operates, but because of factors beyond its control, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to, economic downturn, financial risk, acquisition risk, changes in technology, as well as other risks. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. As a result, investors should not place undue reliance on these forward-looking statements.

About Orad Hi-Tec Systems

Orad Hi-Tec Systems is a world-leading provider of real-time 3D broadcast graphic, video server, and media asset management solutions including news, channel branding, sports production and enhancement, elections and special events, virtual studios, and virtual advertisement. Orad's compelling solutions streamline production workflow, enhance viewer experience, and improve production value. Founded in 1993, Orad is a public company listed on the Frankfurt Stock Exchange (OHT). More information is available at http://www.orad.tv/.

For further information contact:

Orad Hi-Tec Systems Ltd
Ilan Sidi, CFO
ilan@orad.tv

Investor Relations
edicto GmbH
Dr. Sönke Knop,
Eschersheimer Landstraße 42, 60322 Frankfurt, Germany
+49 69 90550551

This release was published on openPR.