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) reported its financial results for Q2 2020, indicating a 7.2% revenue growth year-over-year, reaching $8.8 million. Gross profit improved significantly from 15.3% in Q2 2019 to 21.6% in Q2 2020, totaling $1.9 million. Operating profit surged to $809,000, compared to just $7,000 in the same quarter last year. However, net profit slightly decreased to $704,000 ($0.16 per share) from $790,000 ($0.19 per share) in Q2 2019. For the first half of 2020, revenues stood at $17.9 million, a modest increase from $16.9 million in H1 2019.
Eltek Ltd. (NasdaqCM: ELTK), a leading manufacturer of printed circuit boards, announced its financial results for Q2 2020 will be released on August 12, 2020. The announcement will occur prior to the market's opening, with the results to be available via news wires and its corporate website. A conference call for discussing these results is scheduled for the same day at 8:30 a.m. ET, featuring CEO Eli Yaffe and CFO Alon Mualem.