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Stock impact report

Eltek Ltd. Reports Full year and Fourth Quarter 2023 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
solutions in the field of printed circuit boards (PCBs), today announced its financial results for the full year and fourth quarter ended December 31, 2023 Full Year and Fourth Quarter 2023 Highlights Revenues : Full-year revenue soared to a record $46.7 million in 2023, representing 18% year-over-year growth. This remarkable growth is attributed to our increased production capacity and to our continued commitment to delivering high-quality PCB solutions to our valued customers. Profitability : Net income reached $6.4 million in 2023, reflecting almost two times 2022 net income. EBITDA reached $8.6 million , a 91% increase compared to $4.5 million in 2022. This substantial growth underscores the efficiency of our operations, strategic initiatives, and the unwavering trust our customers place in Eltek. Earnings per Share (EPS) : Diluted EPS jumped to in 2023, an increase of 93% compared to 2022. This accomplishment reflects the dedication of our team and the effectiveness of ou Show less Read more
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