Eltek Reports Full Year and Fourth Quarter 2020 Financial Results
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Eltek Ltd (ELTK) Reports Q4 EPS of $0.16 on Revenues of $9.5M
March 25, 2021 7:37 AM EDTEltek Ltd (NASDAQ: ELTK) reported Q4 EPS of $0.16, versus $0.08 reported last year. Revenue for the quarter came in at $9.5 million, versus $8.6 million reported last year.
Highlights of the Fourth Quarter of 2020 compared to the Fourth Quarter of 2019
Revenues for the fourth quarter of 2020 were $9.5 million compared to revenues of $8.6 million in the fourth quarter of 2019, an increase of 10.5% YoY.Gross profit increased by 46.7% from gross profit of $1.5 million (17.0% of revenues) in the fourth quarter of 2019 to $2.2 million (23.2% of revenues) in the fourth quarter of 2020.Operating profit was $973,000 in... More