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ELTK-News
ELTK-Events
Eltek Trading Halted Due to Volatility Trading Pause
Eltek trading halted, volatility trading pause
Eltek Receives Follow-On Orders of $6.8M from International Customer
Eltek has received follow-on purchase orders totaling $6.8M from an international customer. The orders are scheduled for delivery throughout 2027 and 2028.
Eltek CEO Eli Yaffe Announces Retirement
Eltek announced that Eli Yaffe, CEO of the company, has informed the Board of Directors of his decision to retire from his position as CEO, effective September 23. Yaffe will continue to serve as CEO until that date, to ensure an orderly transition of his role to Ron Freund, the company's current CFO, who has been appointed by the Board as CEO, effective September 23. Freund will continue to serve as the company's CFO until a new CFO is appointed.
Company Reports Q2 Revenue of $11.5M
Reports Q2 revenue $11.5M…
Eltek Receives Purchase Orders Totaling Approximately $5.3M from International Customer
Eltek announced that it has received purchase orders totaling approximately $5.3M from an international customer. The orders are scheduled for delivery beginning in the Q2 of 2026, with the final shipment expected in September 2027. Separately, the Company expects that its operating results for the first quarter of 2026 will be adversely affected due to a combination of a less favorable fulfillment of its order backlog and unexpected logistic issues, while the Company's backlog has approximately doubled compared to year-end 2025. The Company is actively addressing these factors and expects a gradual normalization of deliveries over time.
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