Eltek

Zacks Launched the Israel 150 Platform

Retrieved on: 
Tuesday, March 12, 2024
Research, Protalix BioTherapeutics, Tower Semiconductor, Zacks, Enlight Renewable Energy, Geography, Eltek, Cryptocurrency

CHICAGO, March 12, 2024 /PRNewswire/ -- Zacks Investment Research, a leading provider of investment-related data, research, and commentary, proudly announces the launch of Zacks Israel 150 - https://israel150.zacks.com. This new platform focuses on Israeli companies listed on US exchanges, providing global investors with easy access to valuable information.

Key Points: 
  • CHICAGO, March 12, 2024 /PRNewswire/ -- Zacks Investment Research, a leading provider of investment-related data, research, and commentary, proudly announces the launch of Zacks Israel 150 - https://israel150.zacks.com .
  • Zacks Israel 150 allows investors to rank Israeli equities based on criteria such as annual sales, market cap, assets, exchange, industry, and sectors.
  • Companies listed on Zacks Israel 150 gain extensive visibility in the US investment community through Zacks' renowned distribution platform.
  • At Zacks Investment Research, the Israel 150 platform represents the initial step in leveraging the advanced distribution platform to offer investors convenient access to investment opportunities categorized by geography, sectors, and other criteria.

Eltek Sets Earnings Release Date and Conference Call to Report Fourth Quarter 2023 and Annual Results on March 11, 2024

Retrieved on: 
Thursday, February 29, 2024
Eltek

PETACH-TIKVA, Israel, Feb. 29, 2024 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that it will release its financial results for the fourth quarter and year ended December 31, 2023, before the market opens on Monday, March 11, 2024.

Key Points: 
  • PETACH-TIKVA, Israel, Feb. 29, 2024 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that it will release its financial results for the fourth quarter and year ended December 31, 2023, before the market opens on Monday, March 11, 2024.
  • Eltek's financial results will be released over the news wires and will be posted on its corporate website at: http://www.nisteceltek.com .
  • On Monday, March 11, 2024, at 9:00 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results.
  • The call will feature remarks by Eli Yaffe, Chief Executive Officer and Ron Freund, Chief Financial Officer.

Eltek placed purchase orders for $4.5 million in connection with the expansion of its production capabilities.

Retrieved on: 
Monday, December 18, 2023
PCB, Engineering, Software, Satellite navigation device, Retail, Eltek

These purchase orders are in addition to the three production lines ordered in August 2023.

Key Points: 
  • These purchase orders are in addition to the three production lines ordered in August 2023.
  • The first production line is on its way to Eltek and it is scheduled be installed during the beginning of the first quarter of 2024.
  • "The capital investments outlined in these purchase orders align with Eltek's strategic vision and commitment to enhancing operational efficiency, expanding technological capabilities, and aligning with future product portfolios.
  • The purchase orders also underscore the Company's dedication to upgrading its engineering capabilities to maintain a competitive edge in the dynamic PCB market.

Eltek Declares a Cash Dividend of $0.22 per Share

Retrieved on: 
Tuesday, November 28, 2023
Celebrity board director, Holding company, Eltek

The dividend is payable on December 21, 2023, in US dollars, to all of the Company's shareholders of record as of December 13, 2023.

Key Points: 
  • The dividend is payable on December 21, 2023, in US dollars, to all of the Company's shareholders of record as of December 13, 2023.
  • The dividend is subject to a withholding tax at the rate of 25%.
  • "We are proud to announce the dividend to be distributed to Eltek's shareholders.
  • We believe that this dividend reflects all of the hard work and significant achievements of the Company and its management over the past year," said Yitzhak Nissan, Chairman of the Board Directors of Eltek.

Eltek receives five purchase orders totaling $3.8 million

Retrieved on: 
Monday, November 20, 2023
Cryptocurrency, Management, Eltek

PETACH TIKVA, Israel, Nov. 20, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that it has received five purchase orders in a total amount of $3.8 million.

Key Points: 
  • PETACH TIKVA, Israel, Nov. 20, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that it has received five purchase orders in a total amount of $3.8 million.
  • The orders are in connection with two projects for a customer.
  • Most of the orders will be supplied by Eltek during 2024.
  • I am sure that the development of these capabilities will serve us in the future with additional orders that are at the cutting edge of technology," commented Eli Yaffe, CEO of Eltek.

Eltek Ltd. Reports 2023 Third Quarter Financial Results

Retrieved on: 
Thursday, November 16, 2023
Memory, Workforce, EBITDA, PCB, Polychlorinated biphenyl, Government, Video game, Lithium, Cryptocurrency, Retail, Eltek

PETACH TIKVA, Israel, Nov. 16, 2023 /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 September 30, 2023.

Key Points: 
  • PETACH TIKVA, Israel, Nov. 16, 2023 /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 September 30, 2023.
  • "In the third quarter of 2023, we achieved impressive financial results.
  • Revenues for the third quarter of 2023 were $11.9 million, compared to $10.3 million in the third quarter of 2022;
    Gross profit for the third quarter of 2023 was $3.7 million (31% of revenues) compared to $2.4 million (23% of revenues) in the third quarter of 2022;
    Operating profit for the third quarter of 2023 was $2.3 million compared to operating profit of $1.1 million in the third quarter of 2022;
    Profit before income tax for the third quarter of 2023 was $2.6 million compared to $1.2 million in the third quarter of 2022;
    Net income for the third quarter of 2023 was $2.1 million or $0.36 per fully diluted share compared to net income of $1.0 million or $0.17 per fully diluted share in the third quarter of 2022.
  • EBITDA for the third quarter of 2023 was $2.6 million (22% of revenues) compared to EBITDA of $1.4 million (14% of revenues) in the third quarter of 2022.

Eltek Sets Earnings Release Date and Conference Call to Report Third Quarter 2023 Results on November 16, 2023

Retrieved on: 
Wednesday, November 8, 2023
Eltek

PETACH-TIKVA, Israel, Nov. 8, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that it will release its financial results for the third quarter of 2023 before the market opens on Thursday, November 16, 2023.

Key Points: 
  • PETACH-TIKVA, Israel, Nov. 8, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that it will release its financial results for the third quarter of 2023 before the market opens on Thursday, November 16, 2023.
  • Eltek's financial results will be released over the news wires and will be posted on its corporate website at: http://www.nisteceltek.com .
  • On Thursday, November 16, 2023, at 8:30 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results.
  • The call will feature remarks by Eli Yaffe, Chief Executive Officer and Ron Freund, Chief Financial Officer.

Eltek receives a $2.9 million purchase order from an existing customer

Retrieved on: 
Tuesday, September 19, 2023
Mobile phone, Cryptocurrency, Pharmaceutical industry, Eltek

PETACH TIKVA, Israel, Sept. 19, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that the company has received a purchase order in the amount of $2.9 million from an existing customer.

Key Points: 
  • PETACH TIKVA, Israel, Sept. 19, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that the company has received a purchase order in the amount of $2.9 million from an existing customer.
  • The order will be supplied by Eltek over a period of 16 months commencing in February 2024.
  • "The order is the result of a product development process with a customer that took place over four years.
  • We are happy that the project concluded with our receiving an order from the customer.

Eltek Ltd. Reports 2023 Second Quarter Financial Results

Retrieved on: 
Monday, August 21, 2023
Polychlorinated biphenyl, Biophysical environment, Ministry, Growth, NIS, Holiday, EBITDA, Ministry of Environmental Protection (Israel), Bank statement, Cryptocurrency, Renewable energy, Video game, Bookkeeping, Eltek

PETACH TIKVA, Israel, Aug. 21, 2023 /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, 2023.

Key Points: 
  • PETACH TIKVA, Israel, Aug. 21, 2023 /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, 2023.
  • "We are proud to announce our strong second quarter results for 2023, with a growth of 21% in sales compared to the same quarter last year.
  • The second quarter is characterized by a relatively low number of working days due to holidays.
  • Revenues for the second quarter of 2023 were $11.0 million, compared to $9.1 million in the second quarter of 2022;
    Gross profit for the second quarter of 2023 was $3.0 million (27% of revenues) compared to $1.7 million (18% of revenues) in the second quarter of 2022;
    Operating profit for the second quarter of 2023 was $1.4 million compared to operating profit of $0.3 million in the second quarter of 2022;
    Profit before income tax for the second quarter of 2023 was $1.6 million compared to $1.0 million in the second quarter of 2022;
    Net income for the second quarter of 2023 was $1.3 million or $0.22 per fully diluted share compared to net income of $0.8 million or $0.13 per fully diluted share in the second quarter of 2022;
    EBITDA for the second quarter of 2023 was $1.7 million (15.3% of revenues) compared to EBITDA of $0.8 million (8.7% of revenues) in the second quarter of 2022;
    Revenues for the first six months of 2023 were $22.5 million compared to $18.8 million in the first six months of 2022;
    Gross profit for the first six months of 2023 was $6.0 million (26% of revenues) compared to $3.6 million (19% of revenues) in the first six months of 2022;
    Operating profit for the first six months of 2023 was $3.0 million compared to operating profit of $1.0 million in the first six months of 2022;
    Financial income for the first six months of 2023 was $0.4 million compared to financial income of $0.7 million in the first six months of 2022.

Eltek Sets Earnings Release Date and Conference Call to Report Second Quarter 2023 Results on August 21, 2023

Retrieved on: 
Monday, August 14, 2023
Eltek

PETACH-TIKVA, Israel, Aug. 14, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that it will release its financial results for the second quarter of 2023 before the market opens on Monday, August 21, 2023.

Key Points: 
  • PETACH-TIKVA, Israel, Aug. 14, 2023 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that it will release its financial results for the second quarter of 2023 before the market opens on Monday, August 21, 2023.
  • Eltek's financial results will be released over the news wires and will be posted on its corporate website at: http://www.nisteceltek.com .
  • On Monday, August 21, 2023, at 8:30 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results.
  • The call will feature remarks by Eli Yaffe, Chief Executive Officer and Ron Freund, Chief Financial Officer.