Sarine Technologies Ltd. provided earnings guidance for the fourth quarter of 2015. The company expected revenues for the fourth and final quarter of the year to be approximately $12.25 million, constituting a significant improvement on a sequential basis, though revenues are still expected to be less than in the corresponding quarter in 2014. Significantly, Galaxy family deliveries have rebounded with 13 systems having been shipped during the quarter, comprising a mix of various systems including the new Meteor.
On the basis of preliminary estimated revenues and operating expenses, The company expects to report a modest profit from operations (EBIT) for the quarter.