According to FUNDER website data,
Eight mutual funds hold NIS 4.86 million in Aerodrome shares
Below are all the funds that hold the stock
The following is a change in the holdings of the mutual funds in the Aerodrome share according to FUNDER-MVF data.
In 2020, the Company recorded non-recurring accounting and non-cash expenses in respect of the merger transaction with the skeleton of Apple in the amount of NIS 9.2 million and in respect of an option-based payment of NIS 2.4 million after these expenses. The Company ended the year with a loss of NIS 10.1 million
Aerodrome Company Published the financial statements for 2020 The company specializes in the implementation of technological and other solutions and services in the field of unmanned aerial vehicles, including the establishment, development and ongoing operation of squadrons operating unmanned aerial vehicles (“UAV”) and UAV arrays for intelligence, security, Logistics mapping and transportation. The company uses unique autonomy technologies and provides integration and integration services, operations, training, technical support and UAV maintenance, along with services that provide support for operational activities and training for special forces and various air forces, both as a subcontractor under the auspices of leading UAV manufacturers in Israel and around the world. Or as a main contractor.
Highlights for 2020:
• Revenues increased to NIS 14 million in 2020, compared with revenues of NIS 8.6 million in the corresponding period last year
• The gross profit margin rose to 43% compared to 32% in the corresponding period last year
• Adjusted operating profit increased to NIS 2.6 million, excluding non-recurring expenses, the vast majority of which are accounting and non-cash (expenses of NIS 9.2 million in respect of the merger transaction, the vast majority of which are accounting for upside-down acquisitions, and non-cash expenses Of NIS 2.4 million)
• The backlog of orders as of the date of the report amounted to NIS 17.6 million, while the backlog of orders including customer options amounts to NIS 39.5 million
• The accounting loss for 2020 amounted to NIS 10.1 million and was due to non-recurring expenses in the amount of NIS 11.6 million listed above
• After deducting the non-accounting expenses and cash flows, the adjusted net profit amounted to NIS 2.1 million, compared with a profit of NIS 0.2 million in the corresponding period last year.
At the time of the report, the company’s cash has NIS 38.6 million in cash, after ending 2020 with a cash of NIS 8.9 million.
According to Roi Degani, CEO and founder of the company, ‘Aerodrome worked intensively in the second half of 2020 to implement its strategy for organic growth and growth through acquisitions and mergers. As of today, the company has completed 2 significant acquisitions (SGC acquisition and acquisition of security activity carried out using an advanced technology product called “Next Plus”) and is in advanced negotiations for another acquisition, this time of the company operating in the civil and plant field.
We raised two capital to give the company the capabilities to continue to acquire additional companies that will contribute and deepen our capabilities. In addition, the company expanded its activities to new customers and existing customers, as well as significantly deepened and expanded its technological activities, which include a combination of advanced autonomy, intelligence and cyber technologies for customers with special operational needs. “
“The acquisitions we make will significantly increase the company’s revenue, expand our customer base and enable us to offer our customers, existing and future, additional services and solutions, technological and other, and support the company’s capabilities on the engineering and technical side in the face of our customers’ growing needs.”
“We conclude 2020 with extensive business activity, which is reflected in, among other things, an increase in revenues and gross and operating profitability, along with an improvement in cash flow from operating activities and a large cash register, which also grew significantly in early 2021 and will serve us for further growth. We believe that this is just the beginning and therefore work day and night to continue this trend and create value for the company and its shareholders.
The Aerodrome Group is growing and becoming a brand in the defense industry, synonymous with quality, flexibility, professionalism and reliability, which opens up new and greater business opportunities for us, which we are working to realize, both in Israel and abroad. “
“In the meantime, we have recently completed the establishment of the first and only advanced technology center of its kind that includes a laboratory for integrating unique technologies with the right standards and classifications for the operational needs of special customers and it will also be one of the company’s growth engines in the coming years.”
Events after the balance sheet date:
At the beginning of 2021, the Company made private allotments to institutional and other investors of the Company’s ordinary shares and warrants (non-negotiable) that can be exercised for the Company’s shares (at an exercise price of NIS 6.5 for a period of 12 months), for a total consideration of NIS 40 million. H., among others, Moore Investment House, which became an interested party in the company.
On February 10, 2021, SGC received a new work order from a significant defense industry to provide production engineering, assembly and integration engineering services to UAVs. As a result of receiving the new order, the number of UAV platforms in relation to which SGC provides its services has increased.
On February 28, 2021, the Company successfully completed the material acquisition transactions in which it acquired the full (100%) SGC shares and NPO’s security activities (as specified in Note 11H to the Company’s financial statements as of December 31, 2020), which are expected to significantly increase the Company’s revenues. The circle of its customers and allow it to offer its customers, existing and future, additional services and solutions, including technologists.
On March 1, 2021, the Company entered into a Memorandum of Understanding to purchase the full (100%) issued and paid-up capital of a company specializing in providing advanced aerial solutions from its shareholders, against a total payment of NIS 5 million and an allotment of approximately 1.1 million ordinary shares of the Company.
In addition, the Company may pay future consideration, subject to the Company’s acquisition in 2021 to 2025 (inclusive) of revenue and profitability targets, in the amount of NIS 1 million (in cash), as well as NIS 1 million through the allotment of the Company’s shares and / Or in cash, at the Company’s discretion.
In March 2021, the company completed the establishment of the first and only advanced technological center of its kind, which includes a laboratory for integrating unique technologies with the standard and the appropriate classifications for the operational needs of special customers. The center is one of the company’s growth engines in the coming years and it enables the company to provide its customers with end-to-end integration services in relation to different types of systems, components and special technological means.
The establishment of the technology center was carried out in light of the demand of the company’s customers and their growing needs, which the company provides them with technology-based services and solutions, alongside other services and solutions. It should be noted that the company’s customers, some of whom are strategic customers, even took part in characterizing the center in order to meet their unique needs and requirements.
In March 2021, the Company received a large number of advanced UAVs and special intelligence devices, among other things in light of customer requirements under existing or future contracts in which the company will operate. It will be clarified that the means, systems and equipment purchased by the company are exclusively owned by the UAVs. Received are intended for various security uses, and the company will through them provide various services to its customers, both for operational activities and for training activities.
Such services will be provided by the company after it has completed assembling on the UAVs various technological systems and means, relevant to the specific services that the company will be required to perform for each and every customer, when the integration will be done by the company’s engineers at a technological-logistics center.
It should also be noted that some of the services that the company will provide to its customers through the UAVs received will be performed within existing agreements with them, along with additional services that the company can and will provide to its customers under additional agreements in which it operates with existing and new customers.