Eltek reports a first-quarter GAAP loss of $0.42 per share as revenue declines 18.8% year-over-year to $10.4M.
Eltek reported a first-quarter GAAP loss of $0.42 per share, missing expectations as revenue fell 18.8% year-over-year to $10.4 million. The company attributed the decline to weaker demand and operational challenges.
Net cash used in operating activities totaled $0.4 million for the quarter. Cash and short-term deposits stood at $11.1 million as of March 31, 2026, with no outstanding debt. EBITDA swung to a loss of $2.7 million from a $1.2 million gain in the same period last year.
The results reflect ongoing pressure on profitability amid a shrinking revenue base, contrasting with positive EBITDA margins of 9% in Q1 2025.