Eltek (ELTK) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
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.
For further insights into ELTK stock, check out TipRanks’ Stock Analysis page.
