Associated tags: Electronics, Eltek, ITAR, HDI, Polychlorinated biphenyl, Cryptocurrency, Video game, EBITDA
Locations: NIS, ISRAEL, UNITED STATES OF AMERICA, NEW YORK
Retrieved on:
Wednesday, November 18, 2020
PETACH-TIKVA, Israel, Nov. 18, 2020 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today its financial results for the quarter ended September 30, 2020.
Key Points:
- PETACH-TIKVA, Israel, Nov. 18, 2020 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today its financial results for the quarter ended September 30, 2020.
- Mr. Eli Yaffe, Chief Executive Officer, commented: "We are pleased that our third quarter results reflect the continuing trend of improved results.
- Revenuesfor the third quarter of 2020 were $9.3 million consistent with our revenues in the third quarter of 2019;
Gross profitincreased from $1.75 million (18.9% of revenues) in the third quarter of 2019 to $1.82 million (19.7% of revenues) in the third quarter of 2020;
Operating profitincreased to $638,000 during the third quarter of 2020 as compared to operating profit of $568,000 in the third quarter of 2019;
Net profitwas $598,000, or $0.14 per fully diluted share in the third quarter of 2020 compared to net profit of $391,000, or $0.09 per fully diluted share, in the third quarter of 2019;
EBITDAwas $1.0 million in the third quarter of 2020 compared to EBITDA of $940,000 in the third quarter of 2019;
Net cash provided by operating activitiesamounted to $873,000 in the third quarter of 2020 compared to net cash provided by operating activities of $1.4 million in the third quarter of 2019.
- Today, Wednesday, November 18, 2020, at 8:30 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results.
Retrieved on:
Thursday, November 12, 2020
Pollution,
Electrical engineering,
Electronic engineering,
Electronics manufacturing,
Monsanto,
Polychlorinated biphenyl,
Soil contamination,
Printed circuit board,
Flex,
Eltek,
Chemistry Eltek "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is the Israeli leader in this industry.
Key Points:
- Eltek "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is the Israeli leader in this industry.
- Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market.
- Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.
- Eltek also operates through its subsidiaries in North America and in Europe and by agents and distributors in Europe, India, South Africa and South America.
Financial markets,
Finance,
Corporate finance,
Financial economics,
Stock market,
Equity securities,
Rights issue,
Pre-emption right,
Shareholder,
Petach,
Security,
Common stock PETACH-TIKVA, Israel, November 9, 2020 /PRNewswire/ --Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, today provided the key dates and terms of its rights offering.
Key Points:
- PETACH-TIKVA, Israel, November 9, 2020 /PRNewswire/ --Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, today provided the key dates and terms of its rights offering.
- A registration statement relating to the rights offering has been filed with the U.S. Securities and Exchange Commission ("SEC") and was declared effective today.
- Under the terms of the rights offering, Eltek is distributing to its holders of ordinary shares as of the record date of November 9, 2020, at no charge, one non-transferable subscription rights for each three ordinary shares held or deemed held on the record date.
- The estimated net proceeds from the rights offering of approximately $5.6 million, assuming full participation in the rights offering and after deducting expenses related to the rights offering, will be used to repay our existing indebtedness to Nistec (our controlling shareholder), for working capital and other general corporate purposes, including investment in fixed assets.
Retrieved on:
Wednesday, August 12, 2020
Profit,
Finance,
Economy,
Money,
Earnings before interest, taxes, depreciation, and amortization,
Fundamental analysis,
Private equity,
Net income,
Income,
Du PETACH-TIKVA, Israel, Aug. 12, 2020 /PRNewswire/ -- Eltek Ltd. (NASDAQ:ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,announced today its financial results for the quarter ended June 30, 2020.
Key Points:
- PETACH-TIKVA, Israel, Aug. 12, 2020 /PRNewswire/ -- Eltek Ltd. (NASDAQ:ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,announced today its financial results for the quarter ended June 30, 2020.
- Mr. Eli Yaffe, Chief Executive Officer, commented: "We are pleased that our second quarter reflects the continuing trend of improved results.
- Revenues for the second quarter of 2020 were $8.8 million compared to revenues of $8.2 million in the second quarter of 2019;
Gross profit increased from $1.3 million (15.3% of revenues) in the second quarter of 2019 to $1.9 million (21.6% of revenues) in the second quarter of 2020;
Operating profit increased to $809,000 during the second quarter of 2020 as compared to operating profit of $7,000 in the second quarter of 2019;
Other expenses were nil during the second quarter of 2020 as compared to other income of $871,000 in the second quarter of 2019 that was mainly attributable to receipt of a non-recurring insurance payment relating to the damage to one of our manufacturing machines and the resulting losses;
Net profit was $704,000, or $0.16 per fully diluted share in the second quarter of 2020 compared to net profit of $790,000, or $0.19 per fully diluted share, in the second quarter of 2019;
EBITDA was $1.2 million in the second quarter of 2020 compared to EBITDA of $1.25 million in the second quarter of 2019;
Net cash provided by operating activities amounted to $1.4 million in the second quarter of 2020 compared to net cash used in operating activities of $301,000 in the second quarter of 2019.
- Today, Wednesday, August 12, 2019, at 8:30 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results.
Retrieved on:
Wednesday, August 5, 2020
Pollution,
Companies,
Electromagnetism,
Electronic engineering,
Electronics manufacturing,
Monsanto,
Polychlorinated biphenyl,
Soil contamination,
Printed circuit board,
Flex,
Eltek,
General Electric Eltek "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is the Israeli leader in this industry.
Key Points:
- Eltek "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is the Israeli leader in this industry.
- Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market.
- Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.
- Eltek also operates through its subsidiaries in North America and in Europe and by agents and distributors in Europe, India, South Africa and South America.
Finance,
Economy,
Financial statements,
Money,
Earnings before interest, taxes, depreciation, and amortization,
Fundamental analysis,
Private equity,
Profit,
Reconciliation,
GAAP,
Annual report Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market.
Key Points:
- Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market.
- The Company reports financial results in accordance with U.S. GAAP and herein provides some non-GAAP measures, including EBITDA.
- These non-GAAP measures are intended to supplement the Company's presentation of its financial results that are prepared in accordance with GAAP.
- Reconciliation between the company's results on a GAAP and non-GAAP basis is provided in a table below.
Pollution,
Companies,
Electromagnetism,
Electronic engineering,
Electronics manufacturing,
Monsanto,
Polychlorinated biphenyl,
Soil contamination,
Printed circuit board,
Flex,
Eltek,
General Electric Eltek "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is the Israeli leader in this industry.
Key Points:
- Eltek "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is the Israeli leader in this industry.
- Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market.
- Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.
- Eltek also operates through its subsidiaries in North America and in Europe and by agents and distributors in Europe, India, South Africa and South America.
Pollution,
Companies,
Electromagnetism,
Chloroarenes,
Monsanto,
Pollutants,
Polychlorinated biphenyl,
Soil contamination,
Eltek,
Printed circuit board,
Flex,
General Electric Key Points:
- 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.
- Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market.
- Eltek also operates through its subsidiaries in North America and Europe and by agents and distributors in Europe, India, South Africa and South America.
Revenues for the fourth quarter of 2019 were $8.6 million compared to revenues of $7.8 million in the fourth quarter of 2018.
Key Points:
- Revenues for the fourth quarter of 2019 were $8.6 million compared to revenues of $7.8 million in the fourth quarter of 2018.
- Operating profit was $379,000 in the fourth quarter of 2019 compared to an operating loss of $416,000 in the fourth quarter of 2018.
- EBITDA was $817,000 in the fourth quarter of 2019 compared to negative EBITDA of $43,000 in the fourth quarter of 2018.
- Net cash used in operating activities amounted to $141,000 in the fourth quarter of 2019 compared to $136,000 of cash provided from operating activities in the fourth quarter of 2018.
Retrieved on:
Wednesday, April 22, 2020
Pollution,
Companies,
Electromagnetism,
Electronic engineering,
Electronics manufacturing,
Monsanto,
Polychlorinated biphenyl,
Soil contamination,
Printed circuit board,
Flex,
Eltek,
General Electric Eltek "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is the Israeli leader in this industry.
Key Points:
- Eltek "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is the Israeli leader in this industry.
- Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market.
- Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.
- Eltek also operates through its subsidiaries in North America and in Europe and by agents and distributors in Europe, India, South Africa and South America.
