Eltek Ltd (ELTK) Reports Q1 Loss of $0.08/Share

Go back to Eltek Ltd (ELTK) Reports Q1 Loss of $0.08/Share

Eltek Reports 2017 First Quarter Financial Results

May 17, 2017 7:00 AM EDT

PETACH-TIKVA, Israel, May 17, 2017 /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, 2017.

Mr. Yitzhak Nissan, Chairman of the Board and Chief Executive Officer, commented: "Our sales in the first quarter were $8.5 million, approximately 1% lower than the first quarter of 2016 excluding Kubatronik, and an approximately 15% increase over the $7.3 million revenues we recorded in the fourth... More