May. 19 at 12:41 PM
$ELTK
🚨🚨🚨
Cash and short-term deposits of
$11.1 million with no outstanding debt
Order backlog has grown significantly, indicating continued demand for products
Management expects improved conversion of backlog into revenue over coming periods
Revenue declined to
$10.4 million from
$12.8 million year-over-year
Shift from
$2.2 million gross profit to
$1.9 million gross loss
Net result reversed from
$1.0 million income to
$2.9 million loss
EBITDA moved from
$1.2 million positive to
$2.7 million loss
Currency depreciation increased reported NIS-based operating expenses by about
$1.3 million
Operations affected by regional security
disruptions and temporary logistical constraints
