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. manufactures custom printed circuit boards for high-end electronic applications, including HDI, multilayer and flex-rigid boards. The Israel-based company serves customers in defense, aerospace, medical technology, industrial, telecom and networking equipment markets, with a North American subsidiary and sales channels through agents and distributors in multiple regions.
Recurring news for ELTK covers financial results, earnings-call schedules, customer purchase orders, order delivery schedules and operating outlook updates tied to its PCB manufacturing business. Company updates also reference certifications and compliance standards such as ITAR, AS-9100 and NADCAP Electronics, along with demand trends in defense, aerospace and medical end markets.
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.
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.