Welcome to our dedicated page for Eltek news (Ticker: $ELTK), a resource for investors and traders seeking the latest updates and insights on Eltek stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Eltek's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Eltek's position in the market.
Rhea-AI Summary
Eltek (NASDAQ: ELTK) files its annual report for the year ended December 31, 2023, with the SEC. Shareholders can access the report on the company's website. Hard copies are available upon request.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
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Rhea-AI Summary
Eltek Ltd. (NASDAQ: ELTK) reported record revenues of $46.7 million in 2023, marking an 18% year-over-year growth. Net income reached $6.4 million, with EBITDA at $8.6 million. Diluted EPS rose to $1.07. Q4 revenue hit $12.3 million, with net income at $1.3 million. Eltek's success is attributed to innovation, customer focus, and operational efficiency. The PCB industry trends favor Eltek's focus on advanced electronics, reliability, and quality. The management is confident in navigating industry shifts and capitalizing on growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-23.34%
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Rhea-AI Summary
Eltek Ltd. (NASDAQ: ELTK) will release its financial results for Q4 and year ended Dec 31, 2023, on March 11, 2024. A conference call featuring CEO Eli Yaffe and CFO Ron Freund will discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.83%
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Rhea-AI Summary
Eltek Ltd. (ELTK) successfully closed a public offering of 625,000 ordinary shares at $16.00 per share, generating $10 million in gross proceeds. The Company plans to utilize the net proceeds for expanding production capabilities and general corporate purposes. The offering was conducted under an effective shelf registration statement filed with the SEC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.35%
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Rhea-AI Summary
Eltek Ltd. announces the pricing of an underwritten public offering of 625,000 ordinary shares at $16.00 per share, generating $10,000,000 in gross proceeds. The Company plans to utilize the net proceeds for expanding production capabilities and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-26.96%
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Rhea-AI Summary
Eltek Ltd. (NASDAQ: ELTK) announced the placement of purchase orders totaling $4.5 million for state-of-the-art machines, software, and a comprehensive service contract, in connection with its planned expansion of production capabilities. These orders align with Eltek's strategic vision, commitment to enhancing operational efficiency, and dedication to upgrading engineering capabilities to maintain a competitive edge in the dynamic PCB market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.65%
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Rhea-AI Summary
Eltek Ltd. (ELTK) declares a cash dividend of US$0.22 per share, totaling approximately US$1.3 million. The dividend is payable on December 21, 2023, to shareholders of record as of December 13, 2023, subject to a 25% withholding tax.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.34%
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Rhea-AI Summary
Eltek Ltd. (NASDAQ: ELTK) announced receiving $3.8 million in purchase orders for two projects, one being an existing legacy strategic project and the other a new project with high-technological specifications. The orders are expected to be fulfilled by Eltek during 2024, showcasing the company's capabilities in meeting high-level technological production and the use of exotic materials.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.23%
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Rhea-AI Summary
ELTK - Eltek Ltd. Announces Strong Financial Results for Q3 2023, Showing 15% Revenue Growth and 114% Increase in Net Income. CEO Eli Yaffe Highlights Robust Performance and Emphasizes the Company's Essential Role in Israel's Defense Industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.92%
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Rhea-AI Summary
Eltek Ltd. (NASDAQ: ELTK) to release Q3 2023 financial results on November 16, 2023. Conference call with CEO and CFO to discuss the results. Investors can access the call through teleconference numbers. Replay will be available on the corporate website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
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Eltek Ltd
Nasdaq:ELTK
ELTK Rankings
ELTK Stock Data
68.99M
3.24M
51.62%
6.07%
1.41%
Painting and Wall Covering Contractors
Construction
United States of America
Petah Tikva
About ELTK
eltek is the leading israeli printed circuit boards (pcb) manufacturer. eltek provides the high tech industry with innovative solutions based on its commitment rigid and flex-rigid advanced technology and pro-active customer care. eltek was incorporated in 1970. since january 1997, eltek's shares have been publicly traded on nasdaq (symbol: eltk).