Israel's Eltek Q4 revenue rises 22% yr/yr
Overview
Israel-based PCB maker's Q4 revenue rose 22% yr/yr
Company faced operational challenges due to manufacturing transformations and currency fluctuations
Strategic investments aim to align with growing demand in defense and medical sectors
Outlook
Company aligns capital expenditures with growing demand in defense and medical sectors
Eltek invests in new plating lines to expand capacity and support complex products
Company sees sustained demand for advanced HDI and rigid-flex solutions
Result Drivers
MANUFACTURING TRANSFORMATION - Eltek faced operational challenges due to relocating production systems and upgrading machinery for new plating lines
CURRENCY IMPACT - Depreciation of U.S. dollar against Israeli shekel increased operating expenses by $2.2 mln
STRATEGIC INVESTMENTS - Investments in new plating lines and infrastructure aim to expand capacity and support demand in defense and medical sectors
Company press release: ID:nPn8Bs3MZa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| $13.24 mln |
|
Q4 Net Income |
| -$310,000 |
|
Q4 EBITDA |
| $700,000 |
|
Q4 Gross Profit |
| $1.16 mln |
|
Q4 Operating Income |
| $116,000 |
|
Q4 Pretax Profit |
| -$363,000 |
|
Analyst Coverage
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago
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