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. (NasdaqCM: ELTK), a leader in printed circuit board solutions, will release its Q3 2021 financial results on November 17, 2021, before market open. The results will be available via news wires and on the company's website. A conference call is scheduled for 8:30 a.m. ET on the same day, featuring remarks from CEO Eli Yaffe and CFO Alon Mualem. Investors can access a replay of the call through the Investor Info section of Eltek's website after 24 hours.
Eltek Ltd. (NASDAQ: ELTK) reported a 3.9% revenue increase in Q2 2021, totaling $9.1 million, compared to Q2 2020. Gross profit improved from 21.6% to 25.9%, marking a gross profit of $2.4 million. Operating profit rose to $944,000 (10.3% of revenues) while net profit was $825,000, down from $704,000 the previous year. Despite facing challenges such as material shortages and currency devaluation, Eltek aims to enhance operations and customer satisfaction. Cash and cash equivalents increased from $4.7 million to $9.2 million year-to-date.
Eltek Ltd. (NasdaqCM: ELTK) announced that it will release its second-quarter financial results on August 18, 2021, before market opening. The results will be available via news wires and on their website. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time, featuring insights from CEO Eli Yaffe and CFO Alon Mualem. Participants can join through various teleconference numbers. A replay will be accessible approximately 24 hours post-call, archived for 30 days.
Eltek Ltd. (NASDAQ: ELTK) reported Q1 2021 financial results, revealing revenues of $7.2 million, down from $9.2 million in Q1 2020. Gross profit decreased to $1.1 million (15.9% of revenues) from $1.8 million (19.7%). Operating profit fell to $136,000 compared to $612,000 last year, while net profit was $223,000 ($0.04 per share), down from $541,000 ($0.12). EBITDA also declined to $577,000 (8.0% of revenues). Positive cash flow was noted with $2.5 million from operations. Looking ahead, Eltek aims to recover lost sales and enhance operational efficiency amid raw material shortages.
Eltek Ltd. (NASDAQCM: ELTK) announced it will release its first quarter 2021 financial results on May 20, 2021, before the market opens. A conference call will follow at 8:30 a.m. ET, featuring remarks from CEO Eli Yaffe and CFO Alon Mualem. The results will be available on its corporate website alongside a replay of the call. Eltek specializes in advanced printed circuit boards and serves various sectors, including defense and aerospace. The company maintains high industry certifications and operates globally.
Eltek Ltd. (NASDAQ: ELTK) has announced plans to apply for land allocation from the Israel Land Authority to build a second production facility in northern Israel. The Ministry of Economics has endorsed this initiative, offering a 30% discount on land development costs and a 24-month exemption from competitive bidding. Eltek’s CEO, Eli Yaffe, emphasized that this move aligns with their long-term strategic goals for business expansion. However, the company acknowledges that obtaining necessary permits and financing the project may pose challenges.
Eltek Ltd. (NASDAQ: ELTK) filed its annual report for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission on March 25, 2021. The report includes audited consolidated financial statements and is accessible on the company's website. Eltek is a leader in manufacturing advanced printed circuit boards (PCBs), catering to various high-end markets including defense and aerospace. Shareholders can request a hard copy of the report free of charge.
Eltek Ltd. (NASDAQ: ELTK) reported robust financial results for the full year and fourth quarter of 2020. Revenues rose by 5.5% year-over-year to $36.7 million, while net profit surged 44.4% to $2.6 million or $0.58 per share. Fourth-quarter revenues increased by 10.5% to $9.5 million, with net profit more than doubling to $766,000. The company improved its operating efficiency and managed cash effectively despite the challenges posed by the COVID-19 pandemic. Cash and cash equivalents saw a significant rise from $1.6 million in 2019 to $4.7 million in 2020.
Eltek Ltd. (NasdaqCM: ELTK) announced that it will release its financial results for the fourth quarter and year ended December 31, 2020, on March 25, 2021, before the market opens. The results will be communicated via news wires and available on Eltek's corporate website. A conference call is scheduled for the same day at 8:30 a.m. ET, featuring CEO Eli Yaffe and CFO Alon Mualem. Eltek specializes in manufacturing high-quality printed circuit boards and serves clients in defense, aerospace, and medical sectors globally.
Eltek Ltd. (NASDAQ: ELTK) announced a grant from the Israeli Investment Authority covering 15% of its $1.5 million investment in advanced manufacturing equipment aligned with Industry 4.0 standards. Additionally, the company received approval for a 50% participation in a $250,000 R&D program to enhance production rates and reduce scrap. Eltek aims to bolster its manufacturing capabilities and competitiveness through these initiatives, which are linked to ongoing development projects since 2017. Successful completion could lead to significant growth in manufacturing capacity.