ELTK: Eltek future growth profile supports price target of $18.00 per share. [Yahoo! Finance]
Eltek Ltd. - Ordinary Shares (ELTK)
US:NASDAQ Investor Relations:
eleceltek.com/en/financial.php?tid=5
Company Research
Source: Yahoo! Finance
On March 11, 2024, Eltek (NASDAQ:ELTK) announced 4th quarter and full year financial results which were mostly in line with our expectations. Full-year revenue increased to a record $46.7 million in 2023, which was an 18% increase compared to the prior year period in 2022. The increase was attributed to increased production capacity and the ongoing demand for the company's critical PCB products. Net income was $6.4 million in 2023, which almost doubled from 2022 net income of $3.2 million. EBITDA reached $8.6 million, which was a 91% increase from $4.5 million in 2022. Diluted EPS jumped to $1.07 in 2023, an increase of 93% compared to $0.55 in 2022. This growth is attributed to the efficiency of company operations, ongoing strategic initiatives, and a loyal and supportive customer base. In the 4th quarter of 2023, revenue climbed to $12.3 million, which was an 18% increase from the prior year period. Net income for the quarter reached $1.3 million and EBITDA for the quarter incr
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ELTK
News
- Eltek Ltd. (NASDAQ: ELTK) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Eltek Announces Filing of 2023 Annual Report [Yahoo! Finance]Yahoo! Finance
- Eltek Announces Filing of 2023 Annual ReportPR Newswire
- Eltek Ltd.'s (NASDAQ:ELTK) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong? [Yahoo! Finance]Yahoo! Finance
- Eltek Ltd. (NASDAQ:ELTK) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
ELTK
Earnings
- 3/11/24 - Miss
ELTK
Sec Filings
- 3/26/24 - Form 6-K
- 3/26/24 - Form 20-F
- 3/11/24 - Form 6-K
- ELTK's page on the SEC website