Eltek stock price rises nearly 4%, despite quarterly losses, revenue exceeds expectations

Eltek Ltd. (NASDAQ:ELTK) announced a fourth-quarter loss of $0.05 per share with revenue of $13.24 million, up 23% from $10.8 million in the same period last year.

The company attributed this challenging year to operational transitions related to integrating new plating production lines, workforce challenges, and exchange rate headwinds caused by a 13% depreciation of the US dollar against the Israeli shekel.

The stock price of this printed circuit board manufacturer rose 3.87% in pre-market trading.

For fiscal year 2025, the company reported total revenue of $51.8 million, up 11% from $46.5 million in 2024. However, net profit decreased to $800,000, or $0.12 per diluted share, compared to $4.2 million, or $0.63 per diluted share, in the same period last year. The company stated that just exchange rate fluctuations increased operating expenses in shekel terms by approximately $2.2 million.

CEO Eli Yaffe said, “Our investment plans over the past year reflect our strong belief in the long-term growth of the high-performance printed circuit board market, especially in defense, medical, and high-end industrial sectors. While the transition period has brought ongoing operational challenges, we see these investments as the foundation for the next phase of growth.”

Fourth-quarter EBITDA totaled $700,000, accounting for 5% of revenue, compared to $800,000, or 7% of revenue, in the same quarter last year. Full-year EBITDA reached $4.5 million, or 9% of revenue, down from $5.9 million, or 13% of revenue, in 2024.

The company noted that global demand for high-performance printed circuit boards continues to grow, particularly in defense and medical technology sectors, driven by increased defense budgets, modernization projects, and expansion in the medical device market.

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