Eltek .(ELTK) - 2021 Q4 - Annual Report

Exhibit 99.1 Press Release Eltek Reports Full Year and Fourth Quarter 2021 Financial Results • Revenues of $33.8 million in 2021 compared to$36.7 million in 2020. • Net profit of $5.0 million in 2021 compared to a net profit of$2.6 million in 2020. • Revenues of $9.5 million in the fourth quarter of 2021 compared to$9.5 million in the fourth quarter of 2020. • Net profit of $3.8 million in the fourth quarter of 2021 compared to net profit of$0.8 million in the fourth quarter of 2020. • Gross margin of 2 ...