OverviewSuggest Edit

Eltek is a company manufacturing and supplying technological solutions in the field of printed circuit boards (PCBs). It specializes in complex PCBs including high density interconnect (HDI) multilayer flex and rigid-flex solutions and also customizes quick-turnaround prototype pre-production items produced in low to medium volumes for high-growth advanced electronic applications. Eltek's products are used by companies in the aerospace, defense, telecommunications, and medical equipment sectors.

TypePublic
Founded1970
HQPetah Tikva, IL
Websitenisteceltek.com
Employee Ratings2.6

Latest Updates

Employees (est.) (Dec 2019)283(-11%)
Revenue (FY, 2018)$33.9 M(+4%)
Share Price (Oct 2020)$4.8
Cybersecurity ratingCMore

Key People/Management at Eltek

Eli Yaffe

Eli Yaffe

CEO
Alon Mualem

Alon Mualem

Vice President, Finance, and CFO
Sagi Balter

Sagi Balter

Vice President Technology
Itzik Zemach

Itzik Zemach

Operations Manager
Shmuel Meidan

Shmuel Meidan

Vice President Quality
Oriel Sallary

Oriel Sallary

Vice President, Worldwide Sales and Marketing
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Eltek Office Locations

Eltek has offices in Petah Tikva and Manchester
Petah Tikva, IL (HQ)
20 Ben Tsiyon Galis St
Manchester, US
250 Commercial Street Suite 2022
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Eltek Financials and Metrics

Eltek Revenue

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Eltek's revenue was reported to be $33.94 m in FY, 2018 which is a 3.6% increase from the previous period.
USD

Revenue (Q3, 2019)

9.3m

Gross profit (Q3, 2019)

1.8m

Gross profit margin (Q3, 2019), %

18.9%

Net income (Q3, 2019)

391.0k

EBIT (Q3, 2019)

568.0k

Market capitalization (29-Oct-2020)

20.9m

Closing stock price (29-Oct-2020)

4.8

Cash (30-Sept-2019)

2.3m

EV

27.3m
Eltek's current market capitalization is $20.9 m.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

37.1m32.8m33.9m

Revenue growth, %

(10%)(12%)4%

Cost of goods sold

34.2m31.4m31.3m

Gross profit

2.8m1.3m2.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

8.5m7.5m7.7m8.9m8.7m8.5m8.7m8.2m9.3m

Cost of goods sold

8.0m7.4m7.7m8.5m8.1m7.5m7.2m6.9m7.5m

Gross profit

484.0k134.0k(31.0k)444.0k578.0k973.0k1.5m1.3m1.8m

Gross profit Margin, %

6%2%0%5%7%11%18%15%19%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

1.2m887.0k992.0k

Accounts Receivable

5.7m7.0m5.7m

Prepaid Expenses

456.0k254.0k292.0k

Inventories

3.9m3.9m3.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

1.0m792.0k1.0m435.0k991.0k1.2m1.1m1.8m2.3m

Accounts Receivable

7.0m6.1m5.9m8.4m8.0m7.1m5.6m7.6m6.9m

Prepaid Expenses

263.0k394.0k348.0k241.0k212.0k367.0k150.0k363.0k412.0k

Inventories

4.0m4.3m4.3m4.4m4.6m4.3m4.1m3.9m3.8m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(3.7m)(3.8m)(2.6m)

Depreciation and Amortization

1.9m2.1m(1.6m)

Inventories

289.0k471.0k(30.0k)

Accounts Payable

(561.0k)(330.0k)(871.0k)
Quarterly
USDFY, 2016

Revenue/Employee

103.5k

Debt/Equity

0.7 x

Debt/Assets

0.2 x

Financial Leverage

3 x
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Eltek Operating Metrics

Eltek's Backlog was reported to be $7m in FY, 2018.
FY, 2015FY, 2016FY, 2017FY, 2018

Enterprise Customers (Israel)

219 175 195 154

Enterprise Customers (International)

238 229 101 99

Backlog

$6.50 m$4.50 m$9.10 m$7 m
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Eltek Acquisitions / Subsidiaries

Company NameDateDeal Size
Eltek Europe GmbH
Eltek USA Inc.

Eltek Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Eltek Revenue Breakdown

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Eltek revenue breakdown by geographic segment: 55.8% from Israel, 6.6% from India, 5.9% from Europe, 20.5% from North America, 9.7% from Netherlands and 1.4% from Other

Eltek Online and Social Media Presence

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Eltek News and Updates

Eltek Reports 2020 Second Quarter Financial Results

PETACH-TIKVA, Israel, Aug. 12, 2020 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today its financial results for the quarter ended June 30, 2020. Mr. Eli Yaffe, Chief...

Eltek Sets Earnings Release Date and Conference Call to Report Second Quarter 2020 Results on August 12, 2020

PETACH-TIKVA, Israel, Aug. 5, 2020 /PRNewswire/ -- Eltek Ltd. (NasdaqCM: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of Printed Circuit Boards, announced today that it will release its financial results for the second quarter of 2020 on...

Eltek Reports 2020 First Quarter Financial Results

PETACH-TIKVA, Israel, June 2, 2020 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today its financial results for the quarter ended March 31, 2020. Mr. Eli Yaffe, Chief...

Eltek Sets Earnings Release Date and Conference Call to Report First Quarter 2020 Results on June 2, 2020

PETACH-TIKVA, Israel, May 26, 2020 /PRNewswire/ -- Eltek Ltd. (NASDAQCM: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of Printed Circuit Boards, announced today that it will release its financial results for the first quarter of 2020 on...

Eltek Reports 2019 Third Quarter Financial Results

PETACH-TIKVA, Israel, Nov. 20, 2019 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today its financial results for the quarter ended September 30, 2019. Mr. Eli Yaffe,...

Eltek Reports 2019 Second Quarter Financial Results

PETAH TIKVA, Israel, Sept. 4, 2019 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today its financial results for the quarter ended June 30, 2019. Mr. Eli Yaffe, Chief...
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Eltek Blogs

Eltek Frequently Asked Questions

  • When was Eltek founded?

    Eltek was founded in 1970.

  • Who are Eltek key executives?

    Eltek's key executives are Eli Yaffe, Alon Mualem and Sagi Balter.

  • How many employees does Eltek have?

    Eltek has 283 employees.

  • What is Eltek revenue?

    Latest Eltek annual revenue is $33.9 m.

  • What is Eltek revenue per employee?

    Latest Eltek revenue per employee is $119.9 k.

  • Who are Eltek competitors?

    Competitors of Eltek include Micro Precision Calibration, Teledyne Technologies and TTM Technologies.

  • Where is Eltek headquarters?

    Eltek headquarters is located at 20 Ben Tsiyon Galis St, Petah Tikva.

  • Where are Eltek offices?

    Eltek has offices in Petah Tikva and Manchester.

  • How many offices does Eltek have?

    Eltek has 2 offices.