ELTK ELTEK LTD
Price Chart
Executive Summary
Eltek reported a severe Q1 2026 earnings miss, swinging from a $1.0M net profit to a $2.9M net loss, with revenue declining 18% YoY to $10.4M. Operating results flipped from a $0.7M profit to a $3.3M loss, driven by adverse currency effects, logistical constraints, and a shifting order backlog. The company maintains no debt and $11.1M in cash, but the magnitude of the earnings deterioration is significant for a $54M market cap company.
Actionable Insight
The Q1 miss is severe: revenue and net income both collapsed, reversing prior-year profitability. While the company cites timing and temporary logistical issues, the cash burn and loss magnitude create near-term uncertainty. Monitor the Q2 2026 conference call for order backlog conversion updates and evidence of operational normalization. No debt is a buffer, but the back-to-back neutral reads followed by this miss suggests downside risk persists.
Key Facts
- Revenue declined 18.2% YoY to $10.4M from $12.8M in Q1 2025
- Net loss of $2.9M ($0.42/sh) vs net income of $1.0M ($0.15/sh) in Q1 2025
- Gross loss of $1.9M vs gross profit of $2.2M (17% margins) in Q1 2025
- Operating loss of $3.3M vs operating profit of $0.7M in Q1 2025
- EBITDA loss of $2.7M vs EBITDA profit of $1.2M in Q1 2025
- Cash and short-term deposits of $11.1M, no outstanding debt
- Currency impact added ~$1.3M to reported operating expenses
- Order backlog grew, but execution timing shifted revenue out of the quarter
Financial Impact
Revenue fell $2.36M YoY, net income swung by $3.86M from +$1.0M to -$2.9M. For a $54M market cap, this represents an ~7% revenue decline-to-cap ratio and a ~5.4% net loss-to-cap ratio.
Risk Factors
- Shekel appreciation continues to pressure reported expenses
- Logistical constraints and security disruptions may persist
- Backlog conversion delays could push revenue further into H2 2026
- If operating losses continue, cash balance of $11.1M provides limited runway
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-002791 |
| Document: zk2635364.htm | 0001178913-26-002791 |
| Document: 0001178913-26-002791-index-headers.html | 0001178913-26-002791 |
| Document: 0001178913-26-002791-index.html | 0001178913-26-002791 |
| Document: 0001178913-26-002791.txt | 0001178913-26-002791 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 19, 2026
21d ago
|
6-K
| $7.89 $8.74 | ▼ −10.77% | ▼ −8.48% | $9.11 (−15.46%) |
|
May 7, 2026
4w ago
|
6-K
| $8.24 $7.75 | ▼ −5.95% | ▼ −7.45% | $9.11 (+10.56%) |
|
Apr 1, 2026
9w ago
|
6-K
| $8.30 $7.93 | ▼ −4.46% | ▼ −8.22% | $9.11 (+9.76%) |
|
Mar 26, 2026
10w ago
|
6-K
| $8.34 $8.30 | ▼ −0.48% | ▼ −4.34% | $9.11 (+9.23%) |
US Market Status
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