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Stock impact report

Eltek Ltd. Reports 2024 First Quarter Financial Results [Yahoo! Finance]

Eltek Ltd. - Ordinary Shares (ELTK) 
US:NASDAQ Investor Relations: eleceltek.com/en/financial.php?tid=5
Company Research Source: Yahoo! Finance
in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended March 31, 2024 First Quarter 202 Highlights Revenues were $11.8 million , up 3% over Q1 2023 Operating profit was $1.7 million , up 8% over Q1 2023 Net income was $1.7 million or per fully diluted share, up 11% over Q1 2023 Net cash provided by operating activities amounted to $1.3 million "We have ended another successful quarter with net income of $1.74 million , compared to $1.56 million in the first quarter of 2023, an increase of 11%. Revenues reached $11.8 million , marking a 3% rise compared to the same period last year. These results are the outcome of our continuous investment in increasing efficiency and quality. We have seen a consistent uptrend in both product orders and requests for quotations during the quarter. Recently, we secured a repeat order worth $1.6 million from a defense client for PCB supply, with $1 million due by the end of 2024 and the rema Show less Read more
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