PETACH TIKVA, ISRAEL – Eltek announced second-quarter revenue of $11 million, up 21% over the same quarter last year.

For the first half of the year, the company's $22.5 million in revenue represented an increase of 16.4% compared to $18.8 million in the first six months of 2022.

"We are proud to announce our strong second quarter results for 2023, with a growth of 21% in sales compared to the same quarter last year. The second quarter is characterized by a relatively low number of working days due to holidays. Despite this, we managed to achieve $11 million in sales," said Eli Yaffe, CEO of Eltek. "Throughout the quarter, we continued to experience the demand for our high-end, high-reliability products. In light of the continued demand for our products, we continue our efforts to recruit employees and to procure and install new machines that will enable us to increase manufacturing capacity."