Business
LSCO: Revenue fell 24% and net loss reached ₪7.5M, but liquidity and backlog remain strong
LSCO: Revenue fell 24% and net loss reached ₪7.5M, but liquidity and backlog remain strong
About this update from Lesico Ltd.
Revenue and profit declined sharply year-over-year due to military operations and reduced activity, resulting in a net loss and negative EBITDA. Despite this, liquidity and order backlog remain solid, and the company paid a ₪4M dividend while maintaining compliance with all financial covenants.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.