Second Quarter 2016 Financial Highlights

Strong and continuous revenue growth

  • Record revenues of $305 million (29% YoY growth, 10% QoQ)
  • Strong Q3 2016 mid range revenue guidance of $325 million (33% YoY growth; 7% QoQ)

Substantial net profit and margins increase

  • Net profit of $38 million, as compared to $8 million YoY
  • Record EBITDA of $87 million (48% YoY increase)

Strong Balance Sheet and Financial Ratios

  • Reduced net debt to $51 million, reflecting < 0.2X annual EBITDA
  • Increased cash and short-term deposits to $311 million
  • Record shareholders equity of $559 million, as compared to $386 million as of Dec’31, 2015

Quarterly Revenues ($M)  









                  * Based on the company’s mid range guidance


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