Eltek Ltd. Reports 2024 Second Quarter Financial Results
Eltek Ltd. - Ordinary Shares (ELTK)
US:NASDAQ Investor Relations:
eleceltek.com/en/financial.php?tid=5
Company Research
Source: PR Newswire
PETACH TIKVA, Israel, Aug. 15, 2024 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended June 30, 2024. Second Quarter 2024 HighlightsRevenues were $10.5 millionOperating profit was $0.4 millionProfit before tax was $0.9 millionNet income was $0.8 million or $0.11 per fully diluted shareAs of June 30, 2024 cash and cash equivalents amounted $18.3 million."Eltek has demonstrated consistent growth over the past several quarters, driven by our commitment to innovation and customer satisfaction. However, this quarter, we experienced a decrease in revenues and profits compared to the previous quarter and the corresponding quarter last year. This decline is attributed to a significant timing shift by some key customers, who prioritized orders for PCBs with medium technology requirements, resulting in lower prices and margi
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News
- Eltek Appoints Tomer Segev as New Vice President of Marketing and SalesPR Newswire
- Is Weakness In Eltek Ltd. (NASDAQ:ELTK) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- Eltek bags purchase orders worth $3.5M [Seeking Alpha]Seeking Alpha
- Eltek Receives Purchase Orders Totaling $3.5 Million [Yahoo! Finance]Yahoo! Finance
- Eltek Receives Purchase Orders Totaling $3.5 MillionPR Newswire
ELTK
Earnings
- 8/15/24 - Miss
ELTK
Sec Filings
- 9/9/24 - Form 6-K
- 8/27/24 - Form 6-K
- 8/15/24 - Form 6-K
- ELTK's page on the SEC website