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.
Eltek Ltd (NASDAQ: ELTK), a global leader in advanced printed circuit board manufacturing, provides mission-critical solutions for defense, medical, and telecommunications industries. This dedicated news hub offers investors and industry professionals centralized access to official corporate announcements and market developments.
Track Eltek's operational milestones through verified press releases covering financial results, technological innovations, and strategic partnerships. Our curated collection includes updates on production capacity expansions, quality certifications, and leadership initiatives – all essential for understanding the company's position in high-reliability electronics manufacturing.
Key content categories include quarterly earnings disclosures, product development breakthroughs in HDI and flex-rigid PCB technology, manufacturing facility updates, and compliance achievements. Users benefit from chronological organization of material events affecting Eltek's market performance and industry verticals.
Bookmark this page for streamlined monitoring of Eltek's progress in serving aerospace contractors, medical device manufacturers, and 5G infrastructure developers. Check regularly for authoritative updates on the company's Israel-based operations and global distribution network developments.
Eltek (NASDAQ: ELTK) reported its Q2 2024 financial results, showing a decline in performance compared to the previous year. Revenues decreased to $10.5 million from $11.0 million in Q2 2023. Operating profit fell to $0.4 million from $1.4 million, while net income dropped to $0.8 million ($0.11 per diluted share) from $1.3 million ($0.22 per diluted share).
The company attributed the decline to a shift in customer orders towards medium-technology PCBs, resulting in lower prices and margins. However, CEO Eli Yaffe expressed confidence in the company's long-term strategy, citing a 30% increase in backlog since the beginning of 2024 and expectations of improved profitability in Q3.
Eltek (NASDAQ: ELTK), a global manufacturer of advanced printed circuit boards, has announced its plans to release second quarter 2024 financial results on August 15, 2024, before market opening. The company will host a conference call at 9:30 a.m. Eastern Time on the same day to discuss the results. Eli Yaffe, CEO, and Ron Freund, CFO, will lead the call. Investors can access the results on Eltek's website and participate in the call using provided teleconference numbers. A replay will be available on the company's website for 30 days after the call.
Eltek (NASDAQ: ELTK), a global leader in advanced PCB solutions, reported its Q1 2024 financial results. Revenues rose by 3% to $11.8 million compared to Q1 2023. Operating profit increased by 8% to $1.7 million, and net income grew by 11% to $1.7 million, translating to $0.27 per fully diluted share. Net cash from operating activities was $1.3 million. Highlights include a $1.6 million repeat order from a defense client and plans to expand the workforce by 15% to meet rising demand. The company also aims to acquire a PCB manufacturer in the U.S. and expand its Israeli operations. However, Eltek faces challenges with construction delays and integrating new production lines, though progress remains steady.
Eltek (NASDAQ: ELTK) will release its financial results for the first quarter of 2024 on May 21, 2024. The results will be discussed in a conference call featuring remarks by the CEO and CFO.
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