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Tower Semiconductor Reports 2021 Fourth Quarter and Full Year Financial Results

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Thursday, February 17, 2022

MIGDAL HAEMEK, Israel, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the fourth quarter and for the year ended December 31, 2021.

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MIGDAL HAEMEK, Israel, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the fourth quarter and for the year ended December 31, 2021.
Revenue for the fourth quarter of 2021 was $412 million, as compared to $345 million and $387 million in the fourth quarter of 2020 and in the third quarter of 2021, respectively, reflecting 19% and 7% of revenue growth, respectively.
Gross profit for the fourth quarter of 2021 was $100 million, 44% higher than $70 million recorded in the fourth quarter of 2020 and 17% higher than $85 million recorded in the third quarter of 2021.
Operating profit for the fourth quarter of 2021 was $56 million, 67% higher than the $33 million recorded in the fourth quarter of 2020 and 26% higher than $44 million recorded in the third quarter of 2021.

Intel to Acquire Tower Semiconductor for $5.4 Billion

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Tuesday, February 15, 2022

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Intel Corporation (Nasdaq: INTC) and Tower Semiconductor (Nasdaq: TSEM), a leading foundry for analog semiconductor solutions, today announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion.

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Intel Corporation (Nasdaq: INTC) and Tower Semiconductor (Nasdaq: TSEM), a leading foundry for analog semiconductor solutions, today announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion.
View the full release here: https://www.businesswire.com/news/home/20220214005921/en/
Intel and Tower Semiconductor on Feb. 15, 2022, announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion.
Dr. Randhir Thakur, president of Intel Foundry Services, said: We are thrilled to welcome the Tower team to Intel.
Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries.

Nourish + Bloom Market Partners with UST To Launch the First Hybrid Autonomous Grocery Store with Robotic Delivery

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Tuesday, February 1, 2022

UST has provided an end-to-end solution and project management services for implementing a Hybrid Frictionless Check-Out Store, enabling Nourish + Bloom Market to drive their store operations at ease in the long run.

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UST has provided an end-to-end solution and project management services for implementing a Hybrid Frictionless Check-Out Store, enabling Nourish + Bloom Market to drive their store operations at ease in the long run.
The store uses UST Vision Checkout for large merchandise assortment outside the autonomous store.
Subhodip Bandyopadhyay, General Manager-Emerging Technology, UST, commented, "The store uses UST Vision Checkout for large merchandise assortment outside autonomous store.
Nourish + Bloom Market is the first autonomous grocery store with robotic delivery in the United States and the first African American owned autonomous grocery store in the world.

DGAP-News: Shekel Technology Drives its First US Autonomous Store

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Thursday, January 20, 2022

SHEKEL (ASX: SBW), the Israeli-based leader in artificial intelligence-based (AI) electronic weighing systems, will see its groundbreaking product identification technology implemented in the world's first fully first autonomous store opening shortly in Fayetteville, Georgia.

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SHEKEL (ASX: SBW), the Israeli-based leader in artificial intelligence-based (AI) electronic weighing systems, will see its groundbreaking product identification technology implemented in the world's first fully first autonomous store opening shortly in Fayetteville, Georgia.
In addition to the autonomous shopping experience, customers can have their purchases delivered to their homes by dedicated robots.
SHEKEL and the other partners will be contracted as providers of the autonomous store platform.
Nourish + Bloom Market is the first autonomous grocery store with robotic delivery in the United States and the first African American owned autonomous grocery store in the world.

DGAP-News: GK Software launches new scanless format GK Go

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Monday, November 22, 2021

As a result, GK Go can be used autonomously or staffed, in a container or as a full store.

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As a result, GK Go can be used autonomously or staffed, in a container or as a full store.
Orit Bar-Ad, portfolio director, GK: "Consumers want to see information that is relevant to them as they shop, regardless of the channel or format.
In addition to its own software solutions, GK Software SE also offers customers a comprehensive range of implementation and maintenance services.
GK Software SE's customers include many well-known retailers, including Adidas, Edeka, Lidl, Aldi, Coop (Switzerland), Netto Marken-Discount, Hornbach, Migros, Grupo Kuo and Walmart.

OMNIQ Corp Gives Notice to Acquire an additional 26% of Dangot Computers increasing its ownership of Dangot Computers to 77%

Retrieved on:

Friday, November 19, 2021

OMNIQ, notified the seller of the Partial Exercise of its Option according to the Stock Purchase Agreement, dated May 3, 2021.

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OMNIQ, notified the seller of the Partial Exercise of its Option according to the Stock Purchase Agreement, dated May 3, 2021.
Consolidated OMNIQ and Dangot pro forma revenue for fiscal year 2020 amounts to approximately $91M.
Dangot has a strong and diversified customer base including hospitals, logistic centers, supermarkets, manufacturing plants, retail chains, restaurants, municipalities, and government agencies.
Furthermore, we have a great team to work with at Dangot enabling quick and frictionless integration for the total OMNIQ success.

Eltek Reports 2021 Third Quarter Financial Results

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Wednesday, November 17, 2021

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PETACH-TIKVA, Israel, Nov. 17, 2021 /PRNewswire/ -- Eltek Ltd. (NASDAQ:ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,announced today its financial results for the quarter ended September 30, 2021.

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PETACH-TIKVA, Israel, Nov. 17, 2021 /PRNewswire/ -- Eltek Ltd. (NASDAQ:ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,announced today its financial results for the quarter ended September 30, 2021.
Mr. Eli Yaffe, Chief Executive Officer, commented: "Our third quarter results reflect a reduction in working days during this quarter, compared to the number of working days in the third quarter of 2020.
Revenues for the third quarter of 2021 were $8.0 million compared to revenues of $9.3 million in the third quarter of 2020;
Gross profit was $1.4 million (17.5% of revenues) in the third quarter of 2021 compared to $1.8 million (19.7% of revenues) in the third quarter of 2020;
Operating profit was $65,000 during the third quarter of 2021 as compared to operating profit of $638,000 in the third quarter of 2020;
Net loss was $26,000, or ($0.00) per share in the third quarter of 2021 as compared to net profit of $598,000, or $0.14 per fully diluted share, in the third quarter of 2020;
EBITDA was $553,000 in the third quarter of 2021 compared to EBITDA of $1.0 million in the third quarter of 2020;
Net cash provided by operating activities amounted to $598,000 in the third quarter of 2021 compared to net cash provided by operating activities of $873,000 in the third quarter of 2020.
Today, Wednesday, November 17, 2021, at 8:30 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results.

Formula Systems Reports Second Quarter 2021 Financial Results: Record-Breaking Results with Double Digit Growth Across All Key Financial Indices

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Thursday, August 19, 2021

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Financial Highlights for the Second Quarter Ended June 30, 2021

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Financial Highlights for the Second Quarter Ended June 30, 2021
Consolidated revenues for the second quarter ended June 30, 2021 increased by 34.5% to a record breaking $587.9million compared to $437.1 million in the same period last year.
Financial Highlights for the Six Months-Period Ended June 30, 2021
Consolidated revenues for the first half ended June 30, 2021 increased by 28.5% to $1,160.5million, with growth recorded across Formulas entire investment portfolio.
Consolidated operating income for the first half ended June 30, 2021 increased by 23.2% to $98.0 million, with growth recorded across Formulas entire investment portfolio.
Actual ratio of net financial indebtedness to EBITDA (based on the accumulated calculation for the four recent quarters) is equal to 0.38.

Eltek Reports 2021 Second Quarter Financial Results

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Wednesday, August 18, 2021

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PETACH-TIKVA, Israel, Aug. 18, 2021 /PRNewswire/ -- Eltek Ltd. (NASDAQ:ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,announced today its financial results for the quarter ended June 30, 2021.

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PETACH-TIKVA, Israel, Aug. 18, 2021 /PRNewswire/ -- Eltek Ltd. (NASDAQ:ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,announced today its financial results for the quarter ended June 30, 2021.
Mr. Eli Yaffe, Chief Executive Officer, commented: "We are pleased that our second quarter reflects the return to improved results.
Revenues for the second quarter of 2021 were $9.1 million compared to revenues of $8.8 million in the second quarter of 2020;
Gross profit increased to $2.4 million (25.9% of revenues) in the second quarter of 2021 compared to $1.9 million (21.6% of revenues) in the second quarter of 2020;
Operating profit increased to $944,000 (10.3% of revenues) during the second quarter of 2021 as compared to operating profit of $809,000 (9.2% of revenues)in the second quarter of 2020;
Net profit was $825,000, or $0.14 per fully diluted share in the second quarter of 2021 compared to net profit of $704,000, or $0.16 per fully diluted share, in the second quarter of 2020;
EBITDA was $1.4 million in the second quarter of 2021 compared to EBITDA of $1.2 million in the second quarter of 2020;
Net cash provided by operating activities amounted to $380,000 in the second quarter of 2021 compared to net cash provided by operating activities of $1.4 million in the second quarter of 2020.
Today, Wednesday, August 18, 2021, at 8:00 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results.

DGAP-News: 75% of Consumers Want an Autonomous Shopping Experience According to Shekel-Sponsored Retail Shopping Survey

Retrieved on:

Tuesday, August 17, 2021

With less than 3% of consumers having already shopped at an autonomous store, 75% of consumers said they are interested in shopping at a newly-introduced autonomous store.

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With less than 3% of consumers having already shopped at an autonomous store, 75% of consumers said they are interested in shopping at a newly-introduced autonomous store.
This is according to the Retail Shopping survey targeting primary household decision makers conducted over SurveyMonkey and sponsored by Shekel Brainweigh Ltd Retail Innovation Division (ASX: SBW).
The goal of the survey was to gain an understanding of how consumers perceive autonomous stores and autonomous store technologies.
Shekel Brainweigh Retail Innovation Division provides Product Aware Shelves as the standard of choice for automated product recognition to scale up autonomous retail.