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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.
Eltek Receives $12.2M Order from U.S. Defense Customer
Eltek announced that it received orders totaling $12.2M from an American defense customer. The products are to be delivered throughout 2026 and 2027 and will subsequently be incorporated as part of a defense project.
Eltek Secures $2.4M in Orders from Defense Client
Eltek announced that it received orders totaling $2.4M from a defense customer. The products are to be delivered mainly throughout 2026 and 2027. "The customer is a leading Israeli defense company, recognized as one of the foremost companies in the country's defense sector. The order relates to products that have previously been supplied to this customer. The PCBs being delivered are critical components in the customer's systems, requiring advanced technological capabilities," commented Eli Yaffe, CEO of Eltek.
Eltek reports Q3 EPS 25c vs. 36c last year
Reports Q3 revenue $13.5M vs. $11.9M last year. "In Q3 of 2024, we delivered strong financial results. We generated a record of $13.5M in sales, bringing our revenues to $35.8M for the first three quarters of 2024 and twelve-month trailing revenues of $48M. Our gross profit for the quarter totaled $3.5 million, with a net profit of $1.7M. The gross margin for Q3 reached 26%, reflecting the alignment of our product mix with market demand and the adjustment of production workers' wages to the current state of the local employment market. We continue to see robust demand across our two main customer segments: defense and aerospace, and medical devices. As of the end of the quarter, our cash and cash equivalents stood at $18.1M, providing significant financial support for our growth strategy," said CEO Eli Yaffe. "In response to continued demand for our products and our strong profitability, Eltek's Board of Directors has adopted a dividend policy, effective from 2024 year-end onwards. The policy will allow for an annual distribution of up to 25% of our net income, as determined under US GAAP".
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