Eltek Ltd. Provides Revenue Guidance for the Year Ended December 31, 2020 and First Quarter of 2021
February 18, 2021 at 07:00 pm IST
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Eltek Ltd. provides revenue guidance for the year ended December 31, 2020 and first quarter of 2021. For the year, the company expects revenue of approximately $36.7 million, growth of 5.5% in revenues year over year, reflecting the Company's continued ability to operate successfully during the COVID-19 pandemic.
For the first quarter 2021, the company indicated that its operations will likely be negatively impacted as a result of the worldwide shortage of Pyralux AP. The revenues are likely to be impacted in the first quarter, the Company expects that revenues will rebound during following quarters and lost sales will be recovered upon the expected availability of Pyralux AP.
Eltek Ltd. manufactures, markets and sells custom made printed circuit boards (PCBs), including high density interconnect (HDI), flex-rigid and rigid, with high layer count boards. The Company manufactures and supplies custom made circuitry solutions for use in compact electronic products. The Company's principal customers include manufacturers of defense and aerospace, medical, industrial, telecom and networking equipment, as well as contract electronic manufacturers. The Company designs and develops manufacturing solutions pursuant to interconnect requirements of original equipment manufacturers, and provides its customers with a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, as well as flexible circuitry (flex and flex-rigid boards) made of various types of base material. The Company also acts as an agent for the importation of PCBs from South East Asia. The Company provides fabrication of dense multi-layer PCBs.
ELTEK LTD. 
