Eltek Ltd (ELTK) Reports Q2 EPS of $0.16

Eltek Ltd (NASDAQ: ELTK) reported Q2 EPS of $0.16. Revenue for the quarter came in at $8.8 million.

Mr. Eli Yaffe, Chief Executive Officer, commented: "We are pleased that our second quarter reflects the continuing trend of improved results. We are gratified that despite the global Covid-19 pandemic and its related challenges, we were able to grow our top line by 7.2% compared to the second quarter of 2019 and improve our gross margins from 15.3% in Q2 2019 to 21.6% in Q2 2020."

"We are operating in a challenging business environment and making the necessary adjustments to protect our staff, expand our business, improve customer satisfaction, increase revenues, maintain the trend of improved operating efficiencies and reach sustained profitability," concluded Mr. Yaffe.

For earnings history and earnings-related data on Eltek Ltd (ELTK) click here.

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