Associated tags: Electronics, Eltek, ITAR, HDI, Polychlorinated biphenyl, Cryptocurrency, Video game, EBITDA
Locations: NIS, ISRAEL, UNITED STATES OF AMERICA, NEW YORK
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.
Retrieved on:
Thursday, January 9, 2020
The customer extended the project for an additional two years period, during which Eltek will be required to meet agreed milestones.
Key Points:
- The customer extended the project for an additional two years period, during which Eltek will be required to meet agreed milestones.
- The extension of the project is expected to generate total aggregate revenues of approximately $1.4 million.
- Mr. Eli Yaffe, Chief Executive Officer, commented:"The original selection of Eltek by this customer attests to the trust in the Company's technological capabilities.
- As a result, the governmental authority decided to extend the project for an additional two years.
Retrieved on:
Wednesday, November 20, 2019
PETACH-TIKVA, Israel, Nov. 20, 2019 /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, 2019.
Key Points:
- PETACH-TIKVA, Israel, Nov. 20, 2019 /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, 2019.
- Revenues for the third quarter of 2019 were $9.3 million compared to revenues of $8.5 million in the third quarter of 2018;
Gross profit increased from $973,000 (11.4% of revenues) in the third quarter of 2018 to $1.8 million (19.1% of revenues) in the third quarter of 2019;
Operating profit was $568,000 this quarter as compared to an operating loss of $307,000 in the third quarter of 2018;
Net profit was $391,000, or $0.09 per fully diluted share in the third quarter of 2019 compared to a net loss of $463,000, or ($0.23) per fully diluted share, in the third quarter of 2018;
EBITDA was $940,000 in the third quarter of 2019 compared to EBITDA of $109,000 in the third quarter of 2018;
Net cash provided by operating activities amounted to $1.4 million in the third quarter of 2019 compared to net cash provided by operating activities of $164,000 in the third quarter of 2018.
- The Company reports financial results in accordance with U.S. GAAP and herein provides some non-GAAP measures, including EBITDA.
- Today, Wednesday, November 20, 2019, at 8:30 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results.
Retrieved on:
Wednesday, November 13, 2019
Pollution,
Companies,
Electromagnetism,
Electronic engineering,
Electronics manufacturing,
Monsanto,
Polychlorinated biphenyl,
Soil contamination,
Flex,
Eltek,
Printed circuit board,
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.
Retrieved on:
Wednesday, September 4, 2019
PETAH TIKVA, Israel, Sept. 4, 2019 /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, 2019.
Key Points:
- PETAH TIKVA, Israel, Sept. 4, 2019 /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, 2019.
- Mr. Eli Yaffe, Chief Executive Officer, commented: "We are pleased that this quarter's results reflect the continuing trend of improved results.
- Revenuesfor the second quarter of 2019 were $8.2 million compared to revenues of $8.7 million in the second quarter of 2018;
Gross profitincreased from $578,000 (6.7% of revenues) in the second quarter of 2018 to $1,256,000 (15.3% of revenues) in the second quarter of 2019;
Operating profitwas $7,000 as compared to an operating loss of $721,000 in the second quarter of 2018;
Other Income was $871,000 in the second quarter of 2019, mainly attributable to receipt of payment on an insurance claim made in 2018 for damage to one of our manufacturing machines and the resulting losses that occurred as a result of this event;
Net profitwas $790,000, or $0.19 per fully diluted share in the second quarter of 2019 compared to a net loss of $843,000, or ($0.42) per fully diluted share, in the second quarter of 2018;
EBITDAwas $1.25 million in the second quarter of 2019 compared to negative EBITDA of $295,000 in the second quarter of 2018;
Net cash used in operating activities amounted to $301,000 in the second quarter of 2019 compared tonet cash used in operating activities of $572,000 in the second quarter of 2018.
- Today, Wednesday, September 4, 2019, at 8:30 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results.
Retrieved on:
Wednesday, August 28, 2019
Pollution,
Companies,
Electromagnetism,
Electronic engineering,
Electronics manufacturing,
Monsanto,
Polychlorinated biphenyl,
Soil contamination,
Flex,
Eltek,
Printed circuit board,
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,
Money,
Financial statements,
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.
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,
Electromagnetism,
Companies,
Chloroarenes,
Monsanto,
Pollutants,
Polychlorinated biphenyl,
Eltek,
Printed circuit board,
Flex,
Nintendo 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.
Retrieved on:
Wednesday, April 17, 2019
Revenuesfor the fourth quarter of 2018 were $7.8 million compared to revenues of $9.1 million in the fourth quarter of 2017.
Key Points:
- Revenuesfor the fourth quarter of 2018 were $7.8 million compared to revenues of $9.1 million in the fourth quarter of 2017.
- Gross profitwas $603,000 (7.7% of revenues) in the fourth quarter of 2018 compared to a loss of $740,000 (8.1% of revenues) in the fourth quarter of 2017.
- Operating losswas $416,000 in the fourth quarter of 2018 compared to an operating loss of $568,000 in the fourth quarter of 2017.
- EBITDAwas a negative $43,000 in the fourth quarter of 2018 compared to a negative $131,000in the fourth quarter of 2017.
