Eltek .(US:ELTK)2022-11-16 15:57Financial Data and Key Metrics Changes - Revenue for Q3 2022 totaled $10.3 million, an increase of 30% compared to $8 million in Q3 2021 [8] - Net profit was $1 million or $0.70 per share in Q3 2022, compared to a net profit of $0 million in Q3 2021 [10] - EBITDA for Q3 2022 was $1.4 million, up from $0.6 million in Q3 2021 [10] - Cash and cash equivalents as of September 30, 2022, were $7.8 million, down from $9.3 million at December 31, 2021 [10] Business Line Data and Key Metrics Changes - The company successfully installed three new manufacturing machines in Q3 2022 and plans to install two additional machines in Q4 2022 [6] - The workforce increased by 18% since the beginning of 2022 to meet production demand [6] Market Data and Key Metrics Changes - The backlog remained strong, indicating continued demand for high-end products [5] Company Strategy and Development Direction - The company is focusing on increasing sales and profitability through an accelerated investment program [6] - Negotiations with government authorities regarding project continuations for 2023 and 2024 have concluded, although official purchase orders have not yet been received [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for high-end products supporting sales efforts [5] - The company is actively working with its insurance company to recover expenses incurred from a fire earlier in the year [6] Other Important Information - The company is concentrating efforts on commercial activities, which are growing quarter-over-quarter [5] Q&A Session Summary - There were no questions during the Q&A session [11]