Eltek Full Year 2024 Earnings: Misses Expectations

April 12, 2025

Eltek (NASDAQ:ELTK) Full Year 2024 Results

Key Financial Results

Revenue: US$46.5m (flat on FY 2023).
Net income: US$4.22m (down 34% from FY 2023).
Profit margin: 9.1% (down from 14% in FY 2023).
EPS: US$0.64 (down from US$1.08 in FY 2023).

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revenue-and-expenses-breakdown — NasdaqCM:ELTK Revenue and Expenses Breakdown April 12th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Eltek Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 28%.

In the last 12 months, the only revenue segment was Electronic Components & Parts contributing US$46.5m. Notably, cost of sales worth US$36.2m amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$5.76m (94% of total expenses). Explore how ELTK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Eltek (at least 1 which doesn't sit too well with us) , and understanding them should be part of your investment process.

Valuation is complex, but we're here to simplify it.

Discover if Eltek might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.