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Eltek Ltd - ELTK STOCK NEWS

Welcome to our dedicated page for Eltek news (Ticker: ELTK), a resource for investors and traders seeking the latest updates and insights on Eltek stock.

Eltek Ltd (NASDAQ: ELTK), a global leader in advanced printed circuit board manufacturing, provides mission-critical solutions for defense, medical, and telecommunications industries. This dedicated news hub offers investors and industry professionals centralized access to official corporate announcements and market developments.

Track Eltek's operational milestones through verified press releases covering financial results, technological innovations, and strategic partnerships. Our curated collection includes updates on production capacity expansions, quality certifications, and leadership initiatives – all essential for understanding the company's position in high-reliability electronics manufacturing.

Key content categories include quarterly earnings disclosures, product development breakthroughs in HDI and flex-rigid PCB technology, manufacturing facility updates, and compliance achievements. Users benefit from chronological organization of material events affecting Eltek's market performance and industry verticals.

Bookmark this page for streamlined monitoring of Eltek's progress in serving aerospace contractors, medical device manufacturers, and 5G infrastructure developers. Check regularly for authoritative updates on the company's Israel-based operations and global distribution network developments.

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Eltek (NASDAQ: ELTK), a global leader in advanced PCB solutions, reported its Q1 2024 financial results. Revenues rose by 3% to $11.8 million compared to Q1 2023. Operating profit increased by 8% to $1.7 million, and net income grew by 11% to $1.7 million, translating to $0.27 per fully diluted share. Net cash from operating activities was $1.3 million. Highlights include a $1.6 million repeat order from a defense client and plans to expand the workforce by 15% to meet rising demand. The company also aims to acquire a PCB manufacturer in the U.S. and expand its Israeli operations. However, Eltek faces challenges with construction delays and integrating new production lines, though progress remains steady.

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Eltek (NASDAQ: ELTK) will release its financial results for the first quarter of 2024 on May 21, 2024. The results will be discussed in a conference call featuring remarks by the CEO and CFO.

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Eltek (NASDAQ: ELTK) files its annual report for the year ended December 31, 2023, with the SEC. Shareholders can access the report on the company's website. Hard copies are available upon request.
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Eltek Ltd. (NASDAQ: ELTK) reported record revenues of $46.7 million in 2023, marking an 18% year-over-year growth. Net income reached $6.4 million, with EBITDA at $8.6 million. Diluted EPS rose to $1.07. Q4 revenue hit $12.3 million, with net income at $1.3 million. Eltek's success is attributed to innovation, customer focus, and operational efficiency. The PCB industry trends favor Eltek's focus on advanced electronics, reliability, and quality. The management is confident in navigating industry shifts and capitalizing on growth opportunities.
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Eltek Ltd. (NASDAQ: ELTK) will release its financial results for Q4 and year ended Dec 31, 2023, on March 11, 2024. A conference call featuring CEO Eli Yaffe and CFO Ron Freund will discuss the results.
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Eltek Ltd. (ELTK) successfully closed a public offering of 625,000 ordinary shares at $16.00 per share, generating $10 million in gross proceeds. The Company plans to utilize the net proceeds for expanding production capabilities and general corporate purposes. The offering was conducted under an effective shelf registration statement filed with the SEC.
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Eltek Ltd. announces the pricing of an underwritten public offering of 625,000 ordinary shares at $16.00 per share, generating $10,000,000 in gross proceeds. The Company plans to utilize the net proceeds for expanding production capabilities and general corporate purposes.
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Eltek Ltd. (NASDAQ: ELTK) announced the placement of purchase orders totaling $4.5 million for state-of-the-art machines, software, and a comprehensive service contract, in connection with its planned expansion of production capabilities. These orders align with Eltek's strategic vision, commitment to enhancing operational efficiency, and dedication to upgrading engineering capabilities to maintain a competitive edge in the dynamic PCB market.
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Eltek Ltd. (ELTK) declares a cash dividend of US$0.22 per share, totaling approximately US$1.3 million. The dividend is payable on December 21, 2023, to shareholders of record as of December 13, 2023, subject to a 25% withholding tax.
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Eltek Ltd. (NASDAQ: ELTK) announced receiving $3.8 million in purchase orders for two projects, one being an existing legacy strategic project and the other a new project with high-technological specifications. The orders are expected to be fulfilled by Eltek during 2024, showcasing the company's capabilities in meeting high-level technological production and the use of exotic materials.
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Eltek Ltd

Nasdaq:ELTK

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57.27M
3.18M
52.59%
10.24%
0.12%
Electronic Components
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