Eltek Earnings Reports

Eltek delivered a solid quarter with $12.5 million in revenue, supported by strong momentum in the defense and medical sectors. Gross margin expanded to 24%, operating income tripled to $1.5 million, and EBITDA rose to $2 million. Net income was $0.4 million despite adverse FX movements.

Eltek Ltd. posted $12.8M in revenue and $1.0M in net income for Q1 2025, with EPS at $0.15. Despite increased labor costs and lower yields from new equipment ramp-up, the company experienced strong demand and continued investment in production capacity.

Eltek Ltd. experienced a slight decline in revenue for the full year 2024 compared to 2023, with a notable decrease in net income and EBITDA. The fourth quarter also saw a reduction in revenue and net income, with the company currently undergoing a strategic transition and investment plan aimed at future growth and enhanced manufacturing capabilities.