FINANCIAL HIGHLIGHTS
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