Ability reports 4Q loss

TEL AVIV, Israel (AP) _ Ability Inc. (ABIL) on Tuesday reported a loss of $3.8 million in its fourth quarter.

On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 16 cents.

The provider of communications equipment for government agencies posted revenue of $2.5 million in the period.

For the year, the company reported a loss of $8.1 million, or 33 cents per share, swinging to a loss in the period. Revenue was reported as $16.5 million.

In the final minutes of trading on Tuesday, the company's shares hit 82 cents. A year ago, they were trading at $3.17.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABIL at https://www.zacks.com/ap/ABIL


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