Eltek News
25 articles
growth-positive
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,...
Eltek Ltd., a global manufacturer of advanced printed circuit boards (PCBs), announced receiving orders worth $2.4 million from a leading Israeli defense company. These orders are for PCBs that are critical components in the customers systems and will be delivered mainly throughout 2026 and 2027. Eltek, founded in 1970, is a prominent player in the PCB industry, serving sectors like defense, aerospace, and medical across various regions including Israel, the United States, Europe, and Asia. The company is ITAR compliant and holds AS-9100 and NADCAP certifications. This order signifies a positive growth trajectory for Eltek, reinforcing its position in the defense sector.
Customers
growth-positive
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards...
Eltek Ltd., a global manufacturer of printed circuit boards, reported a 20% increase in quarter-over-quarter revenue, reaching $12.5 million for Q2 2025. The company also saw a significant improvement in gross margin, which expanded to 24.1%. Operating income increased by 259% compared to the same period last year. Despite a $1.0 million non-cash financial expense due to currency fluctuations, Eltek remains committed to expanding its production capacity, with staffing up by 10% since January. The company is progressing with its investment plan, including the construction of new coating lines, although there is a delay in the delivery of the first line. Elteks focus on defense and medical segments has driven its growth.
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growth-neutral
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,...
Eltek Ltd., a global manufacturer and supplier of advanced printed circuit boards (PCBs), announced it will release its financial results for the second quarter of 2025 on August 14, 2025. The results will be available on Elteks corporate website and discussed in a conference call featuring CEO Eli Yaffe and CFO Ron Freund. Eltek, founded in 1970, is headquartered in Israel and operates globally, specializing in complex, high-quality PCBs for the defense, aerospace, and medical industries. The company is ITAR compliant and holds AS-9100 and NADCAP Electronics certifications. Elteks operations extend through a subsidiary in North America and agents in various regions.
growth-positive
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards...
Eltek Ltd., a global manufacturer of printed circuit boards, reported its financial results for Q1 2025. The company achieved revenues of $12.8 million, marking an 8% increase from Q1 2024 and an 18.5% rise from Q4 2024. Despite increased labor costs and new production equipment affecting gross margins, Eltek maintained a net income of $1.0 million. The company is advancing its investment program, aiming for completion by mid-2026, and is preparing to integrate new production lines. Eltek continues to see strong demand for its products and is working to expand commercial sales. The company operates globally, with a focus on high-quality PCBs for defense, aerospace, and medical industries.
growth-positive
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,...
Eltek Ltd., a global leader in printed circuit board (PCB) manufacturing, announced it will release its financial results for the first quarter of 2025 on May 20, 2025. The company will host a conference call to discuss the results, featuring remarks from CEO Eli Yaffe and CFO Ron Freund. Eltek specializes in complex and high-quality PCBs for high-end markets, including defense, aerospace, and medical industries. The company is headquartered in Israel and operates globally through subsidiaries and distributors. Eltek holds several industry certifications, highlighting its commitment to quality and innovation.
growth-positive
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,...
Eltek Ltd., a global leader in the manufacturing and supply of advanced printed circuit boards (PCBs), has filed its annual report for the year ending December 31, 2024, with the U.S. Securities and Exchange Commission. The report, which includes audited consolidated financial statements, is available on the companys website. Eltek, founded in 1970 and headquartered in Israel, specializes in high-quality PCBs for the defense, aerospace, and medical industries across various regions, including Israel, the United States, Europe, and Asia. The company is ITAR compliant and holds AS-9100 and NADCAP Electronics certifications. Eltek operates through a subsidiary in North America and has agents and distributors in Europe, India, South Africa, and South America.
growth-positive
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,...
Eltek Ltd., a global manufacturer of advanced printed circuit boards, announced a special cash dividend of $0.19 per share, totaling approximately $1.3 million. The dividend, payable on April 29, 2025, reflects the companys strong financial position and commitment to shareholder value. Eltek, headquartered in Israel, specializes in complex PCBs for high-end markets, including defense, aerospace, and medical industries. The company is ITAR compliant and holds AS-9100 and NADCAP Electronics certifications. Despite potential risks from geopolitical tensions and economic conditions, Eltek remains confident in its future growth and technological advancements.
/PRNewswire/ -- Eltek Ltd. (NASDAQ:ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards...
growth-positive
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,...
Eltek Ltd., a global manufacturer and supplier of advanced printed circuit boards (PCBs), announced it will release its financial results for the fourth quarter and year ending December 31, 2024, on March 11, 2025. The results will be available on their corporate website and discussed in a conference call featuring CEO Eli Yaffe and CFO Ron Freund. Eltek, founded in 1970 and headquartered in Israel, specializes in complex, high-quality PCBs for the defense, aerospace, and medical industries. The company operates globally with a subsidiary in North America and agents in Europe, India, South Africa, and South America. Eltek is ITAR compliant and holds AS-9100 and NADCAP Electronics certifications.
growth-neutral
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,...
Eltek Ltd., a global manufacturer and supplier of advanced printed circuit boards, announced it will release its financial results for the third quarter of 2024 on November 19, 2024. The results will be available on Elteks corporate website and discussed in a conference call featuring CEO Eli Yaffe and CFO Ron Freund. Eltek, founded in 1970 and headquartered in Israel, specializes in complex and high-quality PCBs for the defense, aerospace, and medical industries. The company operates globally, with a subsidiary in North America and agents in various regions. The announcement includes forward-looking statements about potential risks and uncertainties affecting future performance.
growth-positive
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, is...
Eltek Ltd., a global manufacturer and supplier of advanced printed circuit boards, has appointed Tomer Segev as its new Vice President of Marketing and Sales. With over 20 years of experience in the technology and electronics industries, Segev will oversee global sales operations and lead the marketing team. His appointment is expected to drive significant revenue growth and expand Elteks market presence. Segevs previous roles include senior leadership positions at PCB Technologies, Camtek, Orbotech, and KLA. Eltek specializes in high-quality PCBs for the defense, aerospace, and medical industries.
Management Changes
growth-positive
/PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,...
Eltek Ltd., a global manufacturer and supplier of advanced printed circuit boards, announced it has received orders totaling $3.5 million from two defense customers. These orders, which involve high technology requirements, are scheduled for delivery from the fourth quarter of 2024 through the end of 2026. The company expects to receive additional long-term orders from these customers soon. CEO Eli Yaffe emphasized that these orders align with Elteks strategy for long-term planning and efficiency. Eltek specializes in complex and high-quality PCBs and serves various industries including defense, aerospace, and medical.
Customers
growth-positive
גידול של 18% בהכנסות אלטק ב-2023 -
PCB manufacturer Eltek reported an 18% increase in sales in 2023, amounting to $46.7 million. The companys annual net profit nearly doubled to $6.7 million. The company attributes this business momentum to its significant investment in advanced manufacturing equipment and quality control, which has helped it meet the standards of demanding industries such as security, aviation, and medical equipment. Elteks CEO, Eli Yaffe, stated that these markets hold great opportunity and the company is well-positioned to leverage this. In early 2022, Eltek decided to allocate $15 million to upgrade the companys manufacturing infrastructure.
Investment
Growth-Positive
Eltek Announces Pricing of Public Offering of Ordinary Shares.
Eltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, has announced the pricing of an underwritten public offering of 625,000 ordinary shares at a public offering price of $16.00 per share, for gross proceeds of $10,000,000. The offering is expected to close on February 15, 2024. The Company intends to use the net proceeds from this offering to strategically invest in the expansion of its production capabilities and for general corporate purposes including working capital.
InvestmentPublic Trading
growth-positive
ELTK - Eltek Ltd. Reports 2023 Third Quarter Financial Results
Eltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), has announced its financial results for Q3 2023. The company reported revenues of $11.9 million, a 15% increase over Q3 2022. Operating profit was $2.3 million, up 105% over Q3 2022. Net income was $2.1 million or $0.36 per fully diluted share, up 114% over Q3 2022. As of September 30, 2023, cash and cash equivalents amounted to $11.3 million. The companys CEO, Eli Yaffe, attributed the impressive financial results to strong market demand for their products.
Customers
growth-negative
Eltek receives notification from the Ministry of Environmental Protection about its intention to impose a penalty for an alleged breach of the Clean Air Law
Eltek Ltd. has received a notification from the Ministry of Environmental Protection about its intention to impose a penalty of approximately $0.6 million for an alleged breach of the Clean Air Law during the years 2019-2020. The company intends to seek a reduction in the amount of the penalty.
Customers
growth-positive
Eltek Receives a $1.1 Million Follow-up Order From An Existing Customer in the Defense Sector
Eltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, has received a follow-up purchase order of $1.1 million from an existing customer in the defense sector. This comes after an original purchase order of $1.4 million received in the first quarter of 2022. The order will be supplied by Eltek over a period of four months starting from March 2023.
Customers
growth-positive
Eltek receives a $1.7 million purchase order from an existing defense customer
Eltek Ltd. has received a $1.7 million purchase order from an existing customer in the defense sector. The order reflects the increase in demand in the Defense sector and signifies the customers recognition of Elteks high technological capabilities and the reliability of their products. Eltek is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards. The company specializes in the manufacture and supply of complex and high-quality PCBs for the high-end market. The purchase order will be supplied over a period of 16 months starting from October 2022.
Customers
growth-positive
Eltek receives a $1.4 million letter of intent for a purchase order from an existing defense customer with option to increase the purchase order to up to $2.1 million
Eltek Ltd. has received a letter of intent for a purchase order worth $1.4 million from an existing customer in the defense sector. The customer has the option to increase the order to a total amount of $2.1 million. This repeat order reflects the customers recognition of Elteks technological capabilities and product reliability. The company aims to expand the receipt of medium-term delivery orders to stabilize income and increase operational production efficiency.
Customers
growth-positive
Eltek Announces its Intention to apply for a Land in Northern Israel to Build a Second Production Facility
Eltek Ltd. plans to apply for an allocation of land in the north of Israel to build a second production facility. The Ministry of Economics has recommended the allocation without the need for a bidding process, and the land development cost is expected to be at a 30% discount to market prices. Elteks CEO, Eli Yaffe, stated that the expansion is part of their long-term strategic roadmap to grow and accelerate their business. However, there is no guarantee that Eltek will obtain all the necessary permits or be able to finance the project.
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growth-positive
Eltek Ltd.: A Company Poised And Ready To Take Advantage Of The Global Supply Chain Shift (NASDAQ:ELTK)
Eltek Ltd., a global supplier and manufacturer of Printed Circuit Boards (PCBs), has seen growth following Phase 1 of a turnaround plan, delivering an operating profit and a net profit for three consecutive quarters. The companys customers include leading companies in the defense, aerospace, and medical industries in Israel, the United States, Europe, and Asia. The PCB industry is expected to grow to $89.7 billion by 2024, with the high-end Flexible Printed Circuit Boards market expected to grow at 11.2% CAGR through 2025. Eltek is a recognized leader in this high-end tech niche. The company is controlled by Nistec Golan Ltd.
CustomersPartners
growth-positive
Eltek Announces Key Dates and Timeline for Stockholder Participation in Rights Offering
Eltek Ltd. has provided an update to stockholders regarding the Companys rights offering. Under the proposed rights offering, Eltek will distribute subscription rights to its holders of ordinary shares. The subscription rights can be exercised to purchase ordinary shares at a subscription price of $1.464 per share. The subscription period is expected to be from March 18, 2019, to April 9, 2019. Nistec Golan Ltd., Elteks controlling shareholder, will participate in the rights offering through a cash investment of at least $2.5 million. The rights offering aims to bring the company back in compliance with NASDAQ Listing Rule 5550(b)(1) and improve its working capital position.
Investment
growth-negative
Eltek Ltd. Receives a $530,000 Bridge Loan From Nistec in Order to Decrease Eltek's Debt to a Bank
Eltek Ltd. has obtained a loan of NIS 2 million (approximately US$530,000) from its controlling shareholder, Nistec Golan, to decrease its debt to one of its banks. The loan will bear interest of Prime+ 1.35% and will be repaid by April 30, 2019. Eltek has the option to extend the term of the loan until March 31, 2020 if deemed necessary. Nistec may demand immediate repayment of the loan in the event of an equity investment in the company or certain events of default or change of control. The Audit Committee and Board of Directors have also approved Nistecs guarantee of Elteks existing debt to the same bank. Eltek specializes in the manufacture and supply of printed circuit boards for the high-end market.
Investment
growth-positive
Eltek Ltd. Receives a $1.4 Million Loan From Nistec
Eltek Ltd. has obtained a loan of NIS 5 million from Nistec Ltd., its controlling shareholder. The loan will not bear interest but will be linked to increases in the Israeli consumer price index. Nistec has the right to demand full repayment of the loan at any time with prior notice. The loan will assist Eltek in improving its financial condition and contribute to growing its business.
Investment
N/A
Nistec is controllling the PCB provider Eltek - Israel Electronics News
The article does not provide any relevant information about the company.
