Global PCB Connections: Rigid-flex and Flexible PCBs—The Backbone of Modern Electronics
Flexible Thinking: The Key to a Successful Flex Circuit Design Transfer
Happy’s Tech Talk #29: Bend-to-Install Semi-flex FR-4
Eltek Reports Revenues of $8.9 Million for Q1 2018
July 3, 2018 | PRNewswireEstimated reading time: 1 minute
Eltek Ltd. announced today its financial results for the quarter ended March 31, 2018.
Yitzhak Nissan, chairman of the board and chief executive officer, commented: "Our revenues in the first quarter of 2018 increased to $8.9 million, compared to revenues of $8.5 million in the first quarter of 2017. While we are still facing challenges in our manufacturing operations, we are deploying our best resources to resolve them."
Highlights of the First Quarter of 2018 compared to the First Quarter of 2017
- Revenues for the first quarter of 2018 were $8.9 million compared to revenues of $8.5 million in the first quarter of 2017
- Gross profit was $444,000 (5.0% of revenues) compared to gross profit of $485,000 (5.7% of revenues) in the first quarter of 2017
- Operating loss was $626,000 compared to an operating loss of $630,000 in the first quarter of 2017
- Net loss was $670,000, or $0.33 per fully diluted share compared to a net loss of $814,000, or $0.40 per fully diluted share, in the first quarter of 2017
- EBITDA was a negative $185,000 (2.1% of revenues) compared to a negative EBITDA of $210,000 (2.5% of revenues), in the first quarter of 2017
- Net cash used in operating activities amounted to $859,000 compared to net cash used in operating activities of $776,000 in the first quarter of 2017
About Eltek
Eltek – "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is the Israeli leader in this industry. PCBs are the core circuitry of most electronic devices. Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP Electronics certifications. Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.
Eltek was founded in 1970. The Company's headquarters, R&D, production and marketing center are located in Israel. Eltek also operates through its subsidiaries in North America and in Europe and by agents and distributors in Europe, India, South Africa and South America.
For more information, click here.
Share on:
Suggested Items
ICEFlight to Accelerate Maturation of Cryogenic Technologies for Hydrogen-Powered Flight
05/27/2025 | GKN AerospaceGKN Aerospace is one of the project partners in ICEFlight (Innovative Cryogenic Electric Flight), a project aiming to contribute to the development of hydrogen-powered flight.
Vertical Aerospace Makes Aviation History with Piloted eVTOL Flight in Open Airspace
05/27/2025 | BUSINESS WIREVertical Aerospace, a global aerospace and technology company that is pioneering electric aviation, announced it has made European aviation history with the first-ever piloted wingborne flight of a winged electric vertical take-off and landing (eVTOL) aircraft in open airspace.
Saab’s CEO Micael Johansson elected President of ASD
05/26/2025 | SaabThe Aerospace, Security and Defence Industries Association of Europe (ASD), has elected Saab CEO Micael Johansson as its new President and Chairman of the Board.
TT Electronics' Cleveland Ohio Facility Re-Certified to Aerospace and Defence Standards AS9100 and Nadcap
05/23/2025 | TT ElectronicsTT Electronics has successfully completed recertification of the Cleveland facility to AS9100 and Nadcap standards. This milestone underscores the company’s unwavering dedication to quality in manufacturing for the aerospace and defence sectors, a commitment proudly upheld for more than 15 years.
Federal Electronics Adds AS9100 Certification to Hermosillo, Mexico Facility, Expanding Aerospace & Defense Capabilities
05/20/2025 | Federal ElectronicsFederal Electronics, a leader in providing advanced electronic manufacturing services, has officially added AS9100 certification to its Hermosillo, Mexico facility, further aligning its operations with the quality standards required by the aerospace and defense industries.