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 Q3 2020, showing resilience amid the Covid-19 pandemic.
Revenues remained stable at $9.3 million, with gross profit increasing to $1.82 million (19.7% of revenues). Operating profit rose to $638,000, while net profit improved to $598,000, or $0.14 per diluted share. For the first nine months of 2020, revenues reached $27.2 million, up from $26.2 million in 2019. EBITDA for the nine months was $3.2 million, compared to $3.0 million last year. The company emphasized its commitment to improving efficiencies and maintaining profitability.
Eltek Ltd. (NASDAQ: ELTK), a leader in Printed Circuit Boards manufacturing, will announce its third-quarter 2020 financial results on November 18, 2020, prior to market opening. Following the release, a conference call will take place at 8:30 a.m. ET featuring remarks from CEO Eli Yaffe and CFO Alon Mualem. Investors can access the call via specific teleconference numbers provided. Eltek, known for high-quality PCBs, services key sectors including defense and aerospace. The earnings report will be available on their website.
Eltek Ltd. (NASDAQ: ELTK) has announced key details of its rights offering on November 9, 2020. Shareholders as of this date will receive one non-transferable subscription right for every three shares held, allowing them to purchase one share at a price of $3.90. The rights can be exercised from November 9 to December 2, 2020, with an estimated net proceeds of approximately $5.6 million aimed at repaying debt and supporting working capital. A registration statement has been filed with the SEC regarding the offering.
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.