Eltek expects to begin qualification of its new PCB plating line in the third qtr
Company says transition efforts aim to improve operational and financial performance in future periods
Overview
Israel printed circuit board maker's Q2 revenue declined yr/yr
Company posted Q2 net loss, compared to net income a year ago
Losses attributed to transition period and manufacturing stabilization efforts
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$11.53 mln
Q2 Net Loss
$2.74 mln
Q2 EBITDA
-$1.93 mln
Q2 Gross Loss
$964,000
Q2 Operating Income
-$2.55 mln
Q2 Pretax Loss
$3.24 mln
Result drivers
Manufacturing transition - Co said results reflect a transition period focused on stabilizing manufacturing operations and building infrastructure for future growth
- Financial expenses primarily resulted from the erosion of the U.S. dollar against the NIS
ELTK•
