Eltek (ELTK) has released an update.
Eltek Ltd., a global PCB manufacturer, has reported a solid start to 2024 with first-quarter revenues up by 3% to $11.8 million and an 11% increase in net income to $1.7 million, compared to the same period last year. The company attributes these results to strategic efficiency improvements and a surge in product orders, including a substantial repeat defense contract. Despite challenges including labor shortages and substantial infrastructure investments, Eltek is optimistic for continued demand, particularly in the defense sector, and is exploring expansion opportunities in North America.
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