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Dec 31, 2024
Eltek Q4 2024 Earnings Report
Estimated Revenue:$13.4M
+12.1% YoY
Estimated EPS:$0.24
23.9% YoY
Key Takeaways
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.
Full year 2024 revenues were $46.5 million, a slight decline from $46.7 million in 2023.
Net income for full year 2024 was $4.2 million, down from $6.4 million in 2023.
Fourth quarter 2024 revenues were $10.8 million, compared to $12.3 million in the same period of the previous year.
Net income for the fourth quarter of 2024 was $0 million, a decrease from $1.3 million in Q4 2023.
Eltek
Eltek
Forward Guidance
Eltek is strategically positioned to leverage industry trends by enhancing its manufacturing capabilities and strengthening its supply chain resilience. The company anticipates improved operational performance as its investment program progresses, despite potential short-term fluctuations in profitability due to ongoing facility expansion.
Positive Outlook
- Continued sustained demand for PCBs, reflected by recent tenders for significant quantities.
- Strategic investments in advanced manufacturing capabilities aimed at driving operational efficiency and innovation.
- Increased capacity and strengthened ability to serve customers.
- Anticipated long-term positive impact from tenders and strategic investments.
- Benefits of initiatives expected to become increasingly evident in coming quarters.
Challenges Ahead
- Ongoing strategic transition expected to continue through mid-2026.
- Investment plan includes installation of equipment and production lines within existing facility, leading to spatial constraints.
- Logistical complexities introduced by enhancements, causing temporary disruptions and inefficiencies.
- Short-term fluctuations in profitability may occur due to investments and facility expansion.
- Impacted the fourth quarter of 2024 due to disruptions and inefficiencies.
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Key Statistics
Market Cap
$69M
P/E Ratio
17.55
Sector
Electronic Technology
Industry
Electronic Components
52-Week High
$11.8
52-Week Low
$7.64
Gross margin
18%
EBITDA
$763K