Tat Techno (TATT) has released an update.
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TAT Technologies Ltd. has announced a significant first-quarter performance for 2024, with revenues surging by 35.3% and net income skyrocketing by 221% compared to the same period last year. The company also reported a 76.8% increase in Adjusted EBITDA, although it experienced a negative cash flow from operating activities. These results reflect TAT’s sustained growth and reinforce its business model, as evidenced by securing over $40 million in orders and agreements, bolstering its backlog to over $410 million.
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