Associated tags: Electronics, Eltek, ITAR, HDI, Polychlorinated biphenyl, Cryptocurrency, Video game, EBITDA
Locations: NIS, ISRAEL, UNITED STATES OF AMERICA, NEW YORK
PETACH-TIKVA, Israel, March 26, 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 filed its annual report, containing audited consolidated financial statements for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission.
Key Points:
- PETACH-TIKVA, Israel, March 26, 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 filed its annual report, containing audited consolidated financial statements for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission.
- The annual report is available on the Company's website at www.nisteceltek.com .
- Shareholders may receive a hard copy of the annual report free of charge upon request.
United States dollar,
Polychlorinated biphenyl,
Growth,
CFO,
EPS,
Electronics,
Education minister,
Investment,
PCB,
Pacific Time Zone,
Eastern Time Zone,
Video game Revenues for the fourth quarter of 2023 were $12.3 million compared to $10.5 million in the fourth quarter of 2022.
Key Points:
- Revenues for the fourth quarter of 2023 were $12.3 million compared to $10.5 million in the fourth quarter of 2022.
- Operating profit for the fourth quarter of 2023 was $2.0 million compared to operating profit of $0.8 million in the fourth quarter of 2022.
- Financial expenses for the fourth quarter of 2023 were $0.3 million compared to financial income of $0.1 million in the fourth quarter of 2022.
- The financial expenses in the fourth quarter of 2023, derive primarily from the erosion of the US Dollar against the NIS during the quarter.
Retrieved on:
Thursday, February 29, 2024
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.
Retrieved on:
Thursday, February 15, 2024
PETACH TIKVA, Israel, Feb. 15, 2024 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today the closing of its previously announced public offering of 625,000 ordinary shares at a public offering price of $16.00 per share, for gross proceeds of $10,000,000, before deducting underwriting discounts and offering expenses.
Key Points:
- PETACH TIKVA, Israel, Feb. 15, 2024 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today the closing of its previously announced public offering of 625,000 ordinary shares at a public offering price of $16.00 per share, for gross proceeds of $10,000,000, before deducting underwriting discounts and offering expenses.
- ThinkEquity acted as sole book-running manager for the offering.
- The offering is being made pursuant to an effective shelf registration statement that has been filed with the U.S. Securities and Exchange Commission (the "SEC").
- The final prospectus supplement relating to the offering was filed with the SEC and is available on the SEC's website at http://www.sec.gov .
Retrieved on:
Monday, February 12, 2024
PETACH TIKVA, Israel, Feb. 12, 2024 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today 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, before deducting underwriting discounts and offering expenses.
Key Points:
- PETACH TIKVA, Israel, Feb. 12, 2024 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today 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, before deducting underwriting discounts and offering expenses.
- All of the ordinary shares are being sold by the Company.
- The offering is expected to close on February 15, 2024, subject to satisfaction of customary closing conditions.
- A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC on its website at www.sec.gov .
Retrieved on:
Monday, December 18, 2023
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.
Retrieved on:
Tuesday, November 28, 2023
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.
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Monday, November 20, 2023
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.
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.
Retrieved on:
Wednesday, November 8, 2023
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.
