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), 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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