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 Ltd. (NASDAQ: ELTK) announced its financial results for the full year and Q4 2022 on March 9, 2023. Full year revenues reached $39.6 million with a net profit of $3.2 million or $0.55 per fully diluted share. Q4 revenues were $10.5 million, with a net profit of $0.8 million or $0.14 per share. Operating profit for 2022 was $3.0 million, up from $1.9 million in 2021. The company reported a 70% growth in backlog and received approval for a 40% participation in an $800,000 development program from the Israel Innovation Authority. Eltek is positioned for growth in the expanding global PCB market.
Eltek Ltd. (NASDAQ: ELTK), a leader in printed circuit board technology, announced it will release its financial results for Q4 and FY 2022 prior to the market opening on March 9, 2023. The results will be available via press release and on their corporate website. Following the release, a conference call is scheduled at 8:30 a.m. ET for discussions led by CEO Eli Yaffe and CFO Ron Freund. Investors can access the call through specified teleconference numbers, and a replay will be archived on their website. Eltek specializes in advanced PCB solutions for sectors including defense, aerospace, and medical.
On January 17, 2023, Eltek Ltd. (NASDAQ: ELTK) announced it received a notification from the Ministry of Environmental Protection about a proposed penalty of approximately $0.6 million for an alleged violation of the Clean Air Law during 2019-2020. The company aims to negotiate a reduction of this penalty in accordance with legal provisions. Eltek, a leader in the printed circuit board industry, specializes in high-quality complex PCBs and serves sectors like defense and aerospace globally.
Eltek Ltd. (NASDAQ: ELTK) announced a follow-up purchase order worth $1.1 million from a defense sector customer, building on a previous $1.4 million order received in Q1 2022. The new supply order will extend over four months, starting March 2023. CEO Eli Yaffe emphasized that this order reflects the customer's recognition of Eltek's technological expertise and product reliability.
Eltek specializes in high-quality printed circuit boards, serving industries like defense, aerospace, and medical across various regions.
Eltek Ltd. (NASDAQ: ELTK) announced a cash dividend of US$0.17 per share, totaling approximately US$1 million. This dividend is payable on December 19, 2022, to shareholders of record by December 12, 2022. Yitzhak Nissan, Chairman of the Board, expressed pride in this distribution, reflecting the Company's hard work and achievements. Eltek specializes in advanced printed circuit boards, catering to sectors including defense and aerospace.
Eltek Ltd. (NASDAQ: ELTK) reported its financial results for Q3 2022, achieving revenues of $10.3 million, up from $8.0 million in Q3 2021. The company posted a net profit of $1.0 million or $0.17 per fully diluted share. Operating profit increased significantly to $1.1 million compared to just $0.1 million a year earlier. With a strong backlog, Eltek anticipates continued demand in high-end sectors. The company is in the midst of a capacity expansion, having increased its workforce by 18% this year and planning to install additional production equipment.
Eltek Ltd. (NASDAQ: ELTK) reported its Q2 2022 financial results, posting revenues of $9.1 million, unchanged from Q2 2021. Operating profit fell to $0.3 million from $1.0 million year-over-year, while net profit decreased to $0.8 million or $0.13 per share. The production was impacted by a fire, which affected sales and increased costs. The company is in discussions regarding insurance compensation for the damages. Eltek also renewed a shelf registration statement to raise up to $20 million when market conditions are favorable.
Eltek Ltd. (NASDAQ: ELTK) announced that it will release its financial results for Q2 2022 on August 17, 2022, before the market opens. A conference call will be held on the same day at 8:30 a.m. ET, featuring CEO Eli Yaffe and CFO Ron Freund. Investors can access the call via specific teleconference numbers provided in the release. A replay will be available on Eltek's website approximately 24 hours after the call. Eltek specializes in advanced printed circuit boards and serves various industries including defense and aerospace.
Eltek Ltd. (NASDAQ: ELTK), a leader in printed circuit boards, announced a significant purchase order valued at $1.7 million from a defense sector customer. This order, effective from October 2022, will be fulfilled over 16 months, reflecting the growing demand for their products. CEO Eli Yaffe highlighted the order as a testament to the company's technological capabilities and product reliability. Eltek specializes in high-quality, complex PCBs and maintains compliance with rigorous industry standards.
Eltek Ltd. (NASDAQ: ELTK) has resumed customer deliveries following a fire that impacted one of its production rooms in Petach-Tikva. The company is currently using an alternative production line while repairs on the damaged line continue. Eltek maintains communication with its customers to prioritize deliveries and minimize delays. Additionally, the company is in discussions with its insurance provider regarding compensation for damages caused by the incident.
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