January 23, 2017 7:07 AM ET

Aerospace and Defense

Company Overview of L&S Light & Strong, Ltd.

Company Overview

L&S Light & Strong, Ltd. designs and produces antennas, domes, unmanned aerial vehicles, (UAVs) outer shell components, and interior composite material components for aircraft. The company’s products include instrument panels, glare shields, and interior parts for Gulfstream airplanes; fuselages and wings for the Hermes 450 UAVs; an optical bench for the housing of precision cameras; and air conditioning ducts, upper and lower galley, ceilings, liners, storage compartments, etc. to convert passenger airplanes to cargo airplanes. It primarily serves military and civil aviation clients in Israel. L&S Light & Strong, Ltd. was founded in 2007 and is based in Gedera, Israel.

Haadom Street

Kanot Industrial Zone

POB 7042

Gedera,  7070000

Israel

Founded in 2007

49 Employees

Phone:

972 8 931 6232

Key Executives for L&S Light & Strong, Ltd.

Chief Executive Officer, Acting Chief Financial Officer and Director
Age: 43
Head of Development Team
Age: 63
Senior Program Manager
Age: 63
Executive
Compensation as of Fiscal Year 2016.

L&S Light & Strong, Ltd. Key Developments

L&S Light & Strong Ltd. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

L&S Light & Strong Ltd. announced unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company announced revenues of $1,572,000 compared to $918,000 for the same period a year ago. Operating loss was $856,000 compared to $976,000 for the same period a year ago. Loss for the period was $1,267,000 compared to $1,140,000 for the same period a year ago. Basic and dilutive loss per share was $0.02 against $0.02 a year ago. Net cash used in operating activities was $76,000 compared to net cash provided by operating activities of $25,000 for the same period a year ago. Purchase of fixed assets was $8,000 compared to $2,000 for the same period a year ago. For the six months, the company announced revenues of $3,117,000 compared to $1,953,000 for the same period a year ago. Operating loss was $967,000 compared to $1,177,000 for the same period a year ago. Loss for the period was $1,560,000 compared to $1,471,000 for the same period a year ago. Net cash used in operating activities was $166,000 compared to $105,000 for the same period a year ago. Purchase of fixed assets was $21,000 compared to $10,000 for the same period a year ago. Basic and dilutive loss per share was $0.02 against $0.03 a year ago.

L&S Light & Strong Ltd. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2016

L&S Light & Strong Ltd. announced unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company announced revenues of $1,545,000 compared to $1,035,000 for the same period a year ago. Operating loss was $111,000 compared to $201,000 for the same period a year ago. Loss for the period was $293,000 compared to $331,000 for the same period a year ago. Net cash used in operating activities was $90,000 compared to $130,000 for the same period a year ago. Purchase of fixed assets was $13,000 compared to $8,000 for the same period a year ago.

Light & Strong Limited Announces Management Changes

On April 7, 2016, the Board of Directors of Light & Strong Limited approved the appointment of Mr. Yair Ramati to its Board of Directors. Mr. Ramati will replace Mr. Gal Erez as Chairman of the Board. Mr. Erez will continue to serve as a Director. From 2012 through 2015, Mr. Ramati, age 61, served as the Director of the Missile Defense Program at the Israeli Ministry of Defense, the governmental agency in charge of the development, production and delivery of the missile defense systems of the State of Israel. From 2006 through 2011, Mr. Ramati served as Corporate Vice President Marketing for Israel Aerospace Industries Ltd.

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