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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Camtek Ltd | NASDAQ:CAMT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 92.87 | 72.80 | 95.78 | 0 | 09:00:00 |
CAMTEK LTD.
(Registrant) By: /s/ Moshe Eisenberg —————————————— Moshe Eisenberg, Chief Financial Officer |
Camtek Ltd.
P.O.Box 544, Ramat Gabriel Industrial Park
Migdal Ha’Emek 23150, ISRAEL
Tel: +972 (4) 604-8100 Fax: +972 (4) 644-0523
E-Mail: Info@camtek.com Web site: http://www.camtek.com
|
CAMTEK LTD.
Moshe Eisenberg, CFO
Tel: +972 4 604 8308
Mobile: +972 54 900 7100
moshee@camtek.com
|
INTERNATIONAL INVESTOR RELATIONS
EK Global Investor Relations
Ehud Helft
Tel: (US) 1 212 378 8040 camtek@ekgir.com
|
• |
Revenue of $80.5 million; a 9% sequential growth;
|
• |
GAAP operating income of $19.1 million; non-GAAP operating income of $22.2 million, representing an operating margin of 23.7% and 27.6% respectively;
|
• |
GAAP net income of $22.1 million and non-GAAP net income of $25.2 million;
|
• |
Positive operating cash flow of $12.4 million; and
|
• |
FRT acquisition closed on October 31, 2023.
|
September 30,
|
December 31,
|
|||||||
2023
|
2022
|
|||||||
U.S. dollars
|
||||||||
Assets
|
||||||||
Current assets
|
||||||||
Cash and cash equivalents
|
167,585
|
148,156
|
||||||
Short-term deposits
|
195,400
|
251,500
|
||||||
Marketable securities
|
26,729
|
-
|
||||||
Trade accounts receivable, net
|
91,370
|
80,611
|
||||||
Inventories
|
64,717
|
65,541
|
||||||
Other current assets
|
16,537
|
11,156
|
||||||
Total current assets
|
562,338
|
556,964
|
||||||
Long-term deposits
|
54,000
|
79,000
|
||||||
Marketable securities
|
73,368
|
-
|
||||||
Long term inventory
|
8,008
|
5,357
|
||||||
Deferred tax asset, net
|
574
|
1,004
|
||||||
Other assets, net
|
2,412
|
1,024
|
||||||
Property, plant and equipment, net
|
36,977
|
33,141
|
||||||
Intangible assets, net
|
652
|
597
|
||||||
Total non-current assets
|
175,991
|
120,123
|
||||||
Total assets
|
738,329
|
677,087
|
||||||
Liabilities and shareholders’ equity
|
||||||||
Current liabilities
|
||||||||
Trade accounts payable
|
33,706
|
31,667
|
||||||
Other current liabilities
|
46,231
|
56,833
|
||||||
Total current liabilities
|
79,937
|
88,500
|
||||||
Long-term liabilities
|
||||||||
Other long-term liabilities
|
10,228
|
8,748
|
||||||
Convertible notes
|
196,557
|
195,737
|
||||||
Total long-term liabilities
|
206,785
|
204,485
|
||||||
Total liabilities
|
286,722
|
292,985
|
||||||
Shareholders’ equity
|
||||||||
Ordinary shares NIS 0.01 par value, 100,000,000 shares authorized at September 30, 2023 and at December 31, 2022;
|
||||||||
46,957,047 issued shares at September 30, 2023 and 46,505,318 at December 31, 2022;
|
||||||||
44,864,671 shares outstanding at September 30, 2023 and 44,412,942 at December 31, 2022;
|
175
|
175
|
||||||
Additional paid-in capital
|
196,768
|
187,105
|
||||||
Retained earnings
|
256,562
|
198,720
|
||||||
453,505
|
386,000
|
|||||||
Treasury stock, at cost (2,092,376 shares as of September 30, 2023
and December 31, 2022)
|
(1,898
|
)
|
(1,898
|
)
|
||||
Total shareholders' equity
|
451,607
|
384,102
|
||||||
Total liabilities and shareholders' equity
|
738,329
|
677,087
|
Nine months ended
September 30,
|
Three months
ended September 30,
|
Year ended
December 31,
|
||||||||||||||||||
2023
|
2022
|
2023
|
2022
|
2022
|
||||||||||||||||
U.S. dollars
|
U.S. dollars
|
U.S. dollars
|
||||||||||||||||||
Revenues
|
226,685
|
238,734
|
80,470
|
81,990
|
320,909
|
|||||||||||||||
Cost of revenues
|
118,840
|
118,824
|
41,462
|
42,131
|
161,053
|
|||||||||||||||
Gross profit
|
107,845
|
119,910
|
39,008
|
39,859
|
159,856
|
|||||||||||||||
Operating expenses:
|
||||||||||||||||||||
Research and development costs
|
23,428
|
22,175
|
7,756
|
6,976
|
28,859
|
|||||||||||||||
Selling, general and administrative
|
36,224
|
36,698
|
12,187
|
12,247
|
49,499
|
|||||||||||||||
Total operating expenses
|
59,652
|
58,873
|
19,943
|
19,223
|
78,358
|
|||||||||||||||
Operating income
|
48,193
|
61,037
|
19,065
|
20,636
|
81,498
|
|||||||||||||||
Financial income, net
|
16,536
|
2,889
|
5,672
|
2,029
|
6,690
|
|||||||||||||||
Income before income taxes
|
64,729
|
63,926
|
24,737
|
22,665
|
88,188
|
|||||||||||||||
Income tax expense
|
(6,887
|
)
|
(5,650
|
)
|
(2,679
|
)
|
(1,950
|
)
|
(8,239
|
)
|
||||||||||
Net income
|
57,842
|
58,276
|
22,058
|
20,715
|
79,949
|
|
Nine months ended
September 30,
|
Three months
ended September 30,
|
Year ended
December 31,
|
|||||||||||||||||
2023
|
2022
|
2023
|
2022
|
2022
|
||||||||||||||||
U.S. dollars
|
U.S. dollars
|
U.S. dollars
|
||||||||||||||||||
Basic net earnings per share
|
1.30
|
1.30
|
0.49
|
0.47
|
1.81
|
|||||||||||||||
Diluted net earnings per share
|
1.20
|
1.21
|
0.46
|
0.43
|
1.66
|
|||||||||||||||
Weighted average number of
|
||||||||||||||||||||
ordinary shares outstanding
|
||||||||||||||||||||
(in thousands):
|
||||||||||||||||||||
Basic
|
44,614
|
44,778
|
44,728
|
44,370
|
44,158
|
|||||||||||||||
Diluted
|
48,682
|
48,200
|
48,965
|
48,306
|
48,229
|
Nine Months ended
September 30,
|
Three Months ended
September 30,
|
Year ended
December 31,
|
||||||||||||||||||
2023
|
2022
|
2023
|
2022
|
2022
|
||||||||||||||||
U.S. dollars
|
U.S. dollars
|
U.S. dollars
|
||||||||||||||||||
Reported net income attributable to
Camtek Ltd. on GAAP basis
|
57,842
|
58,276
|
22,058
|
20,715
|
79,949
|
|||||||||||||||
Share-based compensation
|
9,657
|
8,152
|
3,137
|
2,560
|
10,523
|
|||||||||||||||
Non-GAAP net income
|
67,499
|
66,428
|
25,195
|
23,275
|
90,472
|
|||||||||||||||
Non–GAAP net income per diluted share
|
1.39
|
1.25
|
0.51
|
0.48
|
1.88
|
|||||||||||||||
Gross margin on GAAP basis
|
47.5
|
%
|
50.2
|
%
|
48.5
|
%
|
48.6
|
%
|
49.8
|
%
|
||||||||||
Reported gross profit on GAAP basis
|
107,845
|
119,910
|
39,008
|
39,859
|
159,856
|
|||||||||||||||
Share-based compensation
|
1,196
|
922
|
389
|
295
|
1,217
|
|||||||||||||||
Non- GAAP gross profit
|
109,041
|
120,832
|
39,397
|
40,154
|
161,073
|
|||||||||||||||
Non-GAAP gross margin
|
48.1
|
%
|
50.6
|
%
|
49.0
|
%
|
49.0
|
%
|
50.2
|
%
|
||||||||||
Reported operating income attributable to Camtek Ltd. on GAAP basis
|
48,193
|
61,037
|
19,065
|
20,636
|
70,898
|
|||||||||||||||
Share-based compensation
|
9,657
|
8,152
|
3,137
|
2,560
|
5,815
|
|||||||||||||||
Non-GAAP operating income
|
57,850
|
69,189
|
22,202
|
23,196
|
76,713
|
1 Year Camtek Chart |
1 Month Camtek Chart |
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