PETACH-TIKVA, ISRAEL – Eltek reported first-quarter revenues were $12.3 million, down 1.6% year-over-year. The firm posted a net loss of $187,000 for the period ended Mar. 31, compared to net profit of $127,000 in the first quarter of 2013.
Eltek reported EBITDA of $354,000, down 42.3% year-over-year.
Gross profit for the quarter was $1.5 million (12.3% of revenues), down 16.7% compared to the first quarter of 2013. The operating loss for the quarter was $121,000, compared with operating profit of $230,000 in the same period last year.
Eltek makes rigid and flex-rigid printed circuit boards.