Quarterly ResultMay 19, 2026, 07:46 AM
Eltek Q1 Net Loss $2.9M; Revenue $10.4M
AI Summary
Eltek Ltd. reported a net loss of $2.9 million, or $0.42 per diluted share, on revenues of $10.4 million for the first quarter of 2026. This compares to a net income of $1.0 million and revenues of $12.8 million in the first quarter of 2025. The company attributed the adverse results to the sharp depreciation of the U.S. dollar against the Israeli shekel, which increased operating expenses by approximately $1.3 million, as well as a challenging security environment, temporary logistical constraints, and late phasing of its order backlog. Despite the poor quarterly performance, the CEO noted significant growth in the order backlog and anticipated gradual improvement in logistical challenges.
Key Highlights
- Q1 2026 revenues were $10.4 million, down from $12.8 million in Q1 2025.
- The company reported a net loss of $2.9 million, or $0.42 per fully diluted share.
- Operating loss for Q1 2026 was $3.3 million, compared to an operating profit of $0.7 million in Q1 2025.
- Gross loss for the quarter was $1.9 million, a significant decline from $2.2 million gross profit in Q1 2025.
- Net cash used in operating activities amounted to $0.4 million.
- EBITDA loss for Q1 2026 was $2.7 million, compared to EBITDA of $1.2 million in Q1 2025.
- U.S. dollar depreciation against the Israeli shekel increased NIS-based operating expenses by $1.3 million.
- Cash and short-term bank deposits totaled $11.1 million as of March 31, 2026, with no outstanding debt.
Price Impact
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