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) is a global manufacturer and supplier of technologically advanced printed circuit boards (PCBs), with a focus on complex, high-quality boards for high-end applications. The company’s news flow centers on financial results, major customer orders and updates on its manufacturing investment program, providing context for investors following ELTK stock.
Regular press releases cover quarterly and annual financial results, including revenues, profitability and non-GAAP EBITDA, along with management commentary on demand trends in defense, aerospace, medical and high-end industrial markets. Eltek also announces the timing of earnings releases and conference calls, giving investors details on how to access management’s discussions of performance and outlook.
Another recurring news theme is significant purchase orders, particularly from defense customers. The company has reported multi-million dollar orders for PCBs that it describes as critical components in customer systems requiring advanced technological capabilities. These announcements illustrate the role of defense and other high-end segments in Eltek’s business.
Eltek’s news items additionally include updates on its investment and capacity expansion efforts, such as preparation of new production halls and installation of coating lines, as well as dividend declarations and the filing of its annual report on Form 20-F. Together, these releases offer insight into the company’s operational progress, capital allocation decisions and regulatory reporting.
Investors and analysts visiting the ELTK news page can review this sequence of company-issued updates to understand how Eltek’s high-end PCB business, end-market demand and manufacturing initiatives evolve over time.
Eltek Ltd. (NASDAQ: ELTK) reported its Q1 2022 financial results, showing revenues of $9.8 million, up from $7.2 million in Q1 2021. Gross profit also increased, reaching $2.0 million (20.1% of revenues) compared to $1.1 million (15.9%). The net profit was $0.6 million or $0.11 per share, improving from $0.2 million ($0.04 per share) a year earlier. The company is investing $15 million in capacity expansion to meet rising demand, especially in defense products, with a backlog increase of 50% year-to-date.
Eltek Ltd. (NASDAQ: ELTK) announced it will release its first-quarter 2022 financial results on May 18, 2022, before market open. A conference call will follow at 8:30 a.m. ET, featuring CEO Eli Yaffe and CFO Ron Freund, to discuss the results. This event will be accessible via multiple teleconference numbers. The call's replay will be available on Eltek's website within 24 hours. Eltek specializes in printed circuit boards and is recognized as a leader in the Israeli market, catering to sectors such as defense and aerospace.
Eltek Ltd. (NASDAQ: ELTK) has announced its financial results for Q1 2022 will be released on May 18, 2022, before the market opens. A subsequent conference call is scheduled for 8:30 a.m. Eastern Time, featuring remarks from CEO Eli Yaffe and CFO Ron Freund. Eltek is a leader in advanced printed circuit board solutions, serving various industries including defense and aerospace. The company is ITAR compliant and has significant certifications like AS-9100. Investors can access the results and a call replay via Eltek's website.
Eltek Ltd. (NASDAQ: ELTK) will announce its financial results for the first quarter of 2022 on May 18, 2022, before the market opens. The results will be available via news wires and on the company's website. A conference call led by CEO Eli Yaffe and CFO Ron Freund will be held on the same day at 8:30 a.m. Eastern Time to discuss these results. Eltek specializes in advanced solutions for printed circuit boards, serving industries such as defense and aerospace, and operates globally with various certifications.
Eltek Ltd. (NASDAQ: ELTK), a leader in printed circuit board manufacturing, announced the filing of its annual report with the SEC for the year ended December 31, 2021. The report includes audited consolidated financial statements and is available on the company's website. Eltek specializes in high-quality, complex PCBs for sectors like defense, aerospace, and medical across various regions including the U.S., Europe, and Asia. Shareholders can request a free hard copy of the report.
Eltek Ltd. (NASDAQ: ELTK) announced its financial results for 2021, reporting revenues of $33.8 million, an 8% decrease from $36.7 million in 2020. The company achieved a net profit of $5.0 million, up from $2.6 million in the previous year. The fourth quarter showed stable revenues of $9.5 million with a significant increase in net profit to $3.8 million compared to $0.8 million in Q4 2020. Despite challenges like raw material shortages, Eltek maintained a healthy balance sheet with $9.3 million in cash and working capital of $13.3 million.
Eltek Ltd. (NASDAQ: ELTK) announced it will release its financial results for the fourth quarter and year ended December 31, 2021, on March 23, 2022, before market opening. A conference call is scheduled for the same day at 8:30 a.m. ET, featuring CEO Eli Yaffe and CFO Ron Freund. Eltek specializes in advanced printed circuit boards, serving high-end markets including defense and aerospace. The company's commitment to quality is underscored by its ITAR compliance and AS-9100 certifications.
Eltek Ltd. (NASDAQ: ELTK) announced receiving a letter of intent for a $1.4 million purchase order from a defense sector customer, effective April 2022, extendable up to $2.1 million. This order underscores the customer's trust in Eltek's advanced technology and reliability, with a delivery timeframe of 14 months. CEO Eli Yaffe expressed confidence in the company’s ability to stabilize income through medium-term orders. Eltek specializes in high-quality printed circuit boards and holds significant industry certifications.
Eltek Ltd. (NASDAQ: ELTK) announced the appointment of Mr. Ron Freund as Chief Financial Officer, effective January 1, 2022. He succeeds Alon Mualem, who resigned to pursue other opportunities. Freund brings extensive experience, having served as CFO at Ophir Tours Ltd. and Middle East Tube Company Ltd. He is expected to play a crucial role in Eltek's growth. The company specializes in high-quality printed circuit boards and serves key industries including defense and aerospace.
Eltek Ltd. (NASDAQ: ELTK) reported its financial results for the third quarter of 2021, revealing revenues of $8.0 million, down from $9.3 million in Q3 2020. The company experienced a net loss of $26,000 compared to a net profit of $598,000 in the prior year. Gross profit also fell to $1.4 million (17.5% of revenues), down from $1.8 million (19.7%). Despite these challenges, Eltek noted an improved balance sheet with positive working capital of $12.5 million and operating cash flow of $3.4 million.