Eltek Receives Purchase Orders Totaling $3.5 Million
Eltek (NASDAQ: ELTK), a global manufacturer of advanced printed circuit boards, has secured $3.5 million in purchase orders from two defense customers. The orders involve high-technology products to be delivered from Q4 2024 through 2026. Eltek's CEO, Eli Yaffe, emphasized that these long-term orders align with the company's strategy for optimal production planning and maximum efficiency. The company anticipates additional long-term orders from these customers in the near future, potentially strengthening its position in the defense sector and boosting its financial outlook.
Eltek (NASDAQ: ELTK), un produttore globale di circuiti stampati avanzati, ha ottenuto 3,5 milioni di dollari in ordini di acquisto da due clienti nel settore della difesa. Gli ordini riguardano prodotti ad alta tecnologia che saranno consegnati da Q4 2024 fino al 2026. Il CEO di Eltek, Eli Yaffe, ha sottolineato che questi ordini a lungo termine sono in linea con la strategia dell'azienda per una pianificazione ottimale della produzione e una massima efficienza. L'azienda prevede ulteriori ordini a lungo termine da questi clienti nel prossimo futuro, il che potrebbe rafforzare la sua posizione nel settore della difesa e migliorare le sue prospettive finanziarie.
Eltek (NASDAQ: ELTK), un fabricante global de placas de circuito impreso avanzadas, ha asegurado 3,5 millones de dólares en órdenes de compra de dos clientes del sector defensivo. Las órdenes involucran productos de alta tecnología que se entregarán desde Q4 2024 hasta 2026. El CEO de Eltek, Eli Yaffe, enfatizó que estas órdenes a largo plazo están alineadas con la estrategia de la empresa para una planificación de producción óptima y máxima eficiencia. La empresa anticipa órdenes adicionales a largo plazo de estos clientes en un futuro cercano, lo que podría fortalecer su posición en el sector de defensa y mejorar su perspectiva financiera.
엘텍 (NASDAQ: ELTK), 고급 인쇄 회로 기판의 글로벌 제조업체, 두 개의 방산 고객으로부터 350만 달러의 구매 주문을 확보했습니다. 이 주문은 2024년 4분기부터 2026년까지 제공될 고급 기술 제품을 포함합니다. 엘텍의 CEO인 Eli Yaffe는 이러한 장기 주문이 회사의 최적 생산 계획 및 최대 효율과 일치한다고 강조했습니다. 회사는 가까운 장래에 이러한 고객으로부터 추가 장기 주문이 있을 것으로 예상하고 있으며, 이는 방산 부문에서의 입지를 강화하고 재정 전망을 개선하는 데 도움이 될 수 있습니다.
Eltek (NASDAQ: ELTK), un fabricant mondial de circuits imprimés avancés, a obtenu 3,5 millions de dollars en commandes d'achat de deux clients du secteur de la défense. Les commandes concernent des produits de haute technologie à livrer entre le 4ème trimestre 2024 et 2026. Le PDG d'Eltek, Eli Yaffe, a souligné que ces commandes à long terme sont en adéquation avec la stratégie de l'entreprise pour une planification de production optimale et une efficacité maximale. L'entreprise prévoit des commandes supplémentaires à long terme de ces clients dans un avenir proche, ce qui pourrait renforcer sa position dans le secteur de la défense et améliorer ses perspectives financières.
Eltek (NASDAQ: ELTK), ein globaler Hersteller von fortschrittlichen Leiterplatten, hat 3,5 Millionen Dollar an Bestellungen von zwei Kunden aus dem Verteidigungssektor erhalten. Die Bestellungen betreffen Hochtechnologieprodukte, die von Q4 2024 bis 2026 geliefert werden sollen. Der CEO von Eltek, Eli Yaffe, betonte, dass diese langfristigen Bestellungen mit der Strategie des Unternehmens zur optimalen Produktionsplanung und maximalen Effizienz übereinstimmen. Das Unternehmen erwartet weitere langfristige Bestellungen von diesen Kunden in naher Zukunft, was seine Position im Verteidigungssektor stärken und die finanziellen Aussichten verbessern könnte.
- Secured $3.5 million in new purchase orders from defense customers
- Orders span from Q4 2024 through 2026, providing long-term revenue visibility
- Potential for additional long-term orders from the same customers
- Aligns with company strategy for optimal production planning and efficiency
- None.
The $3.5 million in orders for Eltek is a positive development, representing a significant portion of the company's annual revenue. In 2022, Eltek reported total revenues of
However, investors should note that the impact on profitability remains unclear without details on margins. The mention of "maximum efficiency and profitability" suggests potential for improved margins, but this needs verification in future financial reports. The expectation of additional long-term orders could further bolster Eltek's financial outlook, potentially leading to a re-rating of the stock if materialized.
These orders from two defense customers underscore Eltek's strong position in the high-tech defense PCB market. The emphasis on "high technology requirements" indicates that Eltek is competing at the cutting edge of PCB manufacturing, which often commands premium pricing and higher margins. This aligns well with global trends of increasing defense modernization and digitalization efforts.
The long delivery timeline (Q4 2024 through 2026) suggests these are likely part of larger, ongoing defense programs rather than one-off purchases. This bodes well for Eltek's potential to secure follow-on orders and expand its footprint in the defense sector. However, investors should be aware that defense contracts can be subject to geopolitical risks and budget fluctuations, which could impact future order flow.
PETACH TIKVA,
"The orders are in accordance with our policy of striving for long-term orders which allow optimal production planning and maximum efficiency and profitability," commented Eli Yaffe, CEO of Eltek.
About Eltek
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 an Israeli leading company in this industry. PCBs are the core circuitry of most electronic devices. 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 is ITAR compliant and has AS-9100 and NADCAP electronics certifications. Its customers include leading companies in the defense, aerospace and medical industries in
Eltek was founded in 1970. The Company's headquarters, R&D, production and marketing center are located in
For more information, visit Eltek's web site at www.nisteceltek.com.
Forward Looking Statement
Some of the statements included in this press release may be forward-looking statements that involve a number of risks and uncertainties including, but not limited to expected results in future quarters, the impact of the Coronavirus on the economy and our operations, risks in product and technology development and rapid technological change, product demand, the impact of competitive products and pricing, market acceptance, the sales cycle, changing economic conditions and other risk factors detailed in the Company's Annual Report on Form 20-F and other filings with the United States Securities and Exchange Commission. Any forward-looking statements set forth in this press release speak only as of the date of this press release. The information found on our website is not incorporated by reference into this press release and is included for reference purposes only.
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Investor Contact
Ron Freund
Chief Financial Officer
Investor-Contact@nisteceltek.com
+972-3-939-5023
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SOURCE Eltek Ltd.
FAQ
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