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Eltek Ltd. (ELTK)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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3.5600-0.0600 (-1.66%)
At close: 04:00PM EDT
3.5200 -0.04 (-1.12%)
After hours: 06:02PM EDT
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  • I
    ITAMAR
    Revenues for the second quarter of 2022 totaled $9.1 million, same as in Q2 2021

    Gross profit for the second quarter of 2022 totaled $1.7 million compared to a gross profit of $2.4 million in the second quarter of 2021. The decrease in gross profit is due to a higher efficiency achieved during the second quarter of 2021, while our operations were negatively impacted by the fire in June 2022.
  • I
    ITAMAR
    Eli Yaffe
    Q2 2022 Results

    In the second quarter of 2022, we recorded a revenue of $9.1 million lower than what we forecasted due to the fire that broke out in one of our manufacturing department in June. We managed to contain the fire without any injuries and have completed the repairs of the damaged line and our manufacturing capacity was returned to normal levels.

    The second quarter of 2022 was characterized by a continuation of the strong demand trend. As I previously said, we are enjoying substantial increase in orders from customers and we are making efforts at all level to deal with the increased demand of our products. We are also making efforts to increase our commercial activity and opted in the -- in the upcoming quarters, we will see the results on these efforts. Since March 31, 2022, we have managed to increase our workforce by 10% to meet the increased production demands.
  • j
    jim
    why is this so depressed? with a PE of <5 shouldn't it be at least $10/share.
  • a
    allen
    Float is only 880.1k, the os is 2mill. A little news anytime and explosion. Insiders control the stock. Long or short is a high risk.
  • T
    TradingDays
    Q2 earnings around 2nd week of July ; estimate another beat at .12 EPS - on track for .50 to .60 EPS FY19 .
  • C
    Caleb
    Lol let’s be realistic. 400% after earnings is an overreaction. Look back at this comment in 2 weeks. 5 dollars in 2 weeks
    Bearish
  • s
    sgjerry_3230
    Bought yesterday will buy ore today. Good possibility that
    the defense part of business will pick up substantially and earnings are terrific
  • S
    Stanislav
    ELTK in SEC Filings (9.11.2020): The following table sets forth certain information as of November 2, 2020 regarding the beneficial ownership by all shareholders known to us to own beneficially 5% or more of our ordinary shares:
    Name Number of Ordinary Shares Percentage of Ownership (2)
    Nistec Golan Ltd. 2,731,783 62.4%
    Yitzhak Nissan 130,740 3.0%
    XDOOD LLC (4) 228,230 5.21%
  • c
    cw
    Looks like MM's have a cap on this one and the big spreads make it hard to trade. To bad, MM's could have made a lot of money if they let this stock move up 100%
  • S
    Stanislav
    Eltek Ltd. (NasdaqCM: ELTK) will release its financial results for the third quarter of 2020 on Wednesday, November 18, 2020, before the market opens.

    Let's summarise the key fundamentals:

    1.Harry wrote 3 months ago: »Q2 earnings of .16/share. Even with the weakness in India. Margins & earnings were a lot better than I was expecting. That makes earnings of .09, .08, .12 and .16 over the past 4 quarters. Huge increase in Q2 operating income, from $7K to $809K! Cash position up to .78/share.«

    2. ELTK in SEC Filings (9.11.2020): »We expect to issue our third quarter financial results on November18, 2020. Based on our preliminary and unaudited financial results, which are subject to change, we expect to report revenues of between $9.1 million and $9.3 million with an operating profit for the third quarter of 2020.«

    3. Q2 Revenue of $8.8M and EPS of $0.16. ELTK expects to report Q3 revenues of between $9.1 million and $9.3 million. Will EPS be higher - revenues of between $9.1 million and $9.3 million?
  • S
    Stock
    ELTK it would take the company 40 Years to Earn what current investors are paying for the company 30 Million market cap company only made 200k in the quater revenues actually declined now take 200k x 4=800k a year 30,000,000/800,000=Aprox 40 YEARS Talk about way over paying here someone is going to left HOLDING THE BAG on this one no wonder the stock NEVER Holds any of its gains on spikes its way over valued here
  • J
    John
    Buyout rumor is driving today's gain as ELTK is suggested to be an acquisition target for NNDM. Irrespective of whether the rumor ends up becoming a reality or not, we will close near or above $8 today. With a remarkably low float of only 1.56 million shares and overall insider ownership above 70% this could 2x-4x easily in the coming days. Do your own DD and you'll find...a mature company (several decades old) with a sector-leading reputation for manufacturing quality PCBs, $40million+ in annual sales, an impressive roster of global customers and exciting tech developments and expansion at hand. No doubt that its tiny $45 million market cap is why NNDM is kicking the tires. This is one of the best value micro-caps that you can buy IMO.
    Cheers and GLTA.
    Bullish
  • I
    Incognito
    Expect PR Tomorrow of Today's Conference Call . Also Expect Markets to rebound tomorrow and ELTK to explode UP further Pre Market.. Will Test $10
  • T
    TradingDays
    Wow what a gift LoL; let's see, market cap of $19M versus revenue of over $34M and projected EPS of .50 to .65 FY19- that gives us a fwd PE of about 8! Lol amazing
  • H
    Harry
    Strange reaction since last week on ELTK. I'm still scratching my head. Volume spike to over $5.50 last week before earnings. Then they report a stellar quarter. Their best quarter in years. And the stock has dropped back to the $3.50's. Where it's been trading for months. As if the terrific Q3 results are meaningless. Weird.

    I added some ELTK today. Q3 earnings of .09/share vs. a loss last year. Q3 non-GAAP earnings over .18/share! And Q3 revenues jumped sequentially from $8.2M to $9.3M while Q3 operating income showed a dramatic sequential improvement from $7K to $568K. Plus they've got .52/share in cash on the balance sheet. With that excellent Q3 report sitting there in a red hot market, seems like a good chance this low floater gets another spike to the $4's or $5's in the coming months.
  • A
    Andres
    Guys just read financials, as of 06.30.18 net loss was almost a 1M, look at lst Qtr they were profitable so if just by grabbing lst years financial they should at least have 700k-1.5M in profits in Q2 leaving everything constant (Revenue). If my prediction is correct, I think they are going to post btw 900k-1.5M in profits ghis Qtr which is q 200-300% increase.
  • C
    Cathie
    Undervalued. Should be $20+
    Bullish
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