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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% | 84.47 | 85.24 | 85.45 | 0 | 10:13:38 |
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
GK Investor Relations
Ehud Helft
Tel: (US) 1 646 688 3559
camtek@gkir.com
|
•
|
Revenues of $48.6 million; a 46% increase year-over-year;
|
•
|
GAAP operating income of $8.0 million; non-GAAP operating income of $9.2 million, representing an operating margin of 16.5% and 18.9% respectively;
|
•
|
GAAP net income of $7.7 million and non-GAAP net income of $8.8 million; and
|
•
|
Strong operating cash flow of $8.3 million.
|
•
|
Revenues of $155.9 million; a 16% increase year-over-year;
|
•
|
GAAP operating income of $22.6 million; Non-GAAP operating income of $26.8 million; representing operating margins of 14.5% and 17.2% respectively;
|
•
|
GAAP net income of $21.8 million; Non-GAAP net income of $26.0 million; and
|
•
|
Operating cash flow of $25.8 million in 2020, which, along with the successful public offering in November, led to year-end net cash and short-term deposits balance of $177.8 million.
|
December 31,
|
December 31,
|
|||||||
2020
|
2019
|
|||||||
U.S. Dollars (In thousands)
|
||||||||
Assets
|
||||||||
Current assets
|
||||||||
Cash and cash equivalents
|
105,815
|
38,047
|
||||||
Short-term deposits
|
72,000
|
51,500
|
||||||
Trade accounts receivable, net
|
41,001
|
31,443
|
||||||
Inventories
|
39,736
|
23,803
|
||||||
Other current assets
|
3,366
|
2,909
|
||||||
Total current assets
|
261,918
|
147,702
|
||||||
Fixed assets, net
|
20,398
|
18,526
|
||||||
Long term inventory
|
4,416
|
2,791
|
||||||
Deferred tax asset, net
|
482
|
746
|
||||||
Other assets, net
|
85
|
113
|
||||||
Intangible assets, net
|
609
|
491
|
||||||
5,592
|
4,141
|
|||||||
Total assets
|
287,908
|
170,369
|
||||||
Liabilities and shareholders’ equity
|
||||||||
Current liabilities
|
||||||||
Trade accounts payable
|
27,180
|
11,334
|
||||||
Other current liabilities
|
30,204
|
20,272
|
||||||
Total current liabilities
|
57,384
|
31,606
|
||||||
Long term liabilities
|
||||||||
Other long term liabilities
|
3,260
|
2,461
|
||||||
3,260
|
2,461
|
|||||||
Total liabilities
|
60,644
|
34,067
|
||||||
Commitments and contingencies
|
||||||||
Shareholders’ equity
|
||||||||
Ordinary shares NIS 0.01 par value, 100,000,000 shares authorized at December 31, 2020 and at December 31, 2019;
|
||||||||
45,365,354 issued shares at December 31, 2019 and 40,742,355 at December 31, 2019;
|
||||||||
43,272,978 shares outstanding at December 31, 2020 and 38,649,979 at December 31, 2019
|
171
|
157
|
||||||
Additional paid-in capital
|
170,497
|
101,327
|
||||||
Retained earnings
|
58,494
|
36,716
|
||||||
229,162
|
138,200
|
|||||||
Treasury stock, at cost (2,092,376 as of December 31, 2020 and December 31, 2019)
|
(1,898
|
)
|
(1,898
|
)
|
||||
Total shareholders' equity
|
227,264
|
136,302
|
||||||
Total liabilities and shareholders' equity
|
287,908
|
170,369
|
Year ended December 31,
|
Three Months ended December 31,
|
|||||||||||||||
2020
|
2019
|
2020
|
2019
|
|||||||||||||
U.S. dollars
|
U.S. dollars
|
|||||||||||||||
Revenues
|
155,859
|
134,019
|
48,619
|
33,201
|
||||||||||||
Cost of revenues
|
82,628
|
69,235
|
25,313
|
17,360
|
||||||||||||
Gross profit
|
73,231
|
64,784
|
23,306
|
15,841
|
||||||||||||
Research and development costs
|
19,575
|
16,331
|
5,623
|
4,440
|
||||||||||||
Selling, general and administrative expense
|
31,032
|
26,481
|
9,658
|
6,813
|
||||||||||||
50,607
|
42,812
|
15,281
|
11,253
|
|||||||||||||
Operating income
|
22,624
|
21,972
|
8,025
|
4,588
|
||||||||||||
Financial income (expense), net
|
775
|
801
|
(183
|
)
|
461
|
|||||||||||
Income before income taxes
|
23,399
|
22,773
|
7,842
|
5,049
|
||||||||||||
Income taxes expense
|
(1,621
|
)
|
(1,950
|
)
|
(176
|
)
|
(442
|
)
|
||||||||
Net income from continuing operations
|
21,778
|
20,823
|
7,666
|
4,607
|
||||||||||||
Discontinued operations *
|
||||||||||||||||
Income from discontinued operations
|
||||||||||||||||
Income before tax expense
|
-
|
1,257
|
-
|
-
|
||||||||||||
Income taxes (expense)
|
-
|
(94
|
)
|
-
|
-
|
|||||||||||
Income from discontinued operations
|
-
|
1,163
|
-
|
-
|
||||||||||||
Net income
|
21,778
|
21,986
|
7,666
|
4,607
|
Year ended December 31,
|
Three Months ended December 31,
|
|||||||||||||||
2020
|
2019
|
2020
|
2019
|
|||||||||||||
U.S. dollars
|
U.S. dollars
|
|||||||||||||||
Basic earnings from continuing operation
|
0.55
|
0.55
|
0.19
|
0.12
|
||||||||||||
Basic earnings from discontinued operation *
|
-
|
0.03
|
-
|
-
|
||||||||||||
Basic net earnings
|
0.55
|
0.58
|
0.19
|
0.12
|
||||||||||||
Diluted earnings from continuing operation
|
0.54
|
0.54
|
0.18
|
0.12
|
||||||||||||
Diluted earnings from discontinued operation *
|
-
|
0.03
|
-
|
-
|
||||||||||||
Diluted net earnings
|
0.54
|
0.57
|
0.18
|
0.12
|
||||||||||||
Weighted average number of
|
||||||||||||||||
ordinary shares outstanding:
|
||||||||||||||||
Basic
|
39,383
|
37,626
|
40,894
|
38,630
|
||||||||||||
Diluted
|
40,372
|
38,432
|
41,964
|
39,497
|
Year ended December 31,
|
Three Months ended December 31,
|
|||||||||||||||
2020
|
2019
|
2020
|
2019
|
|||||||||||||
U.S. dollars
|
U.S. dollars
|
|||||||||||||||
Reported net income attributable to Camtek Ltd. on GAAP basis
|
21,778
|
21,986
|
7,666
|
4,607
|
||||||||||||
Share-based compensation
|
4,224
|
2,892
|
1,171
|
824
|
||||||||||||
Chroma transaction expenses (1)
|
-
|
136
|
-
|
-
|
||||||||||||
Attributable to discontinued operations
|
-
|
(1,163
|
)
|
-
|
-
|
|||||||||||
Non-GAAP net income
|
26,002
|
23,851
|
8,837
|
5,431
|
||||||||||||
Non–GAAP net income per diluted share
|
0.63
|
0.62
|
0.21
|
0.14
|
||||||||||||
Gross margin on GAAP basis
|
47.0
|
%
|
48.3
|
%
|
47.9
|
%
|
47.7
|
%
|
||||||||
Reported gross profit on GAAP basis
|
73,321 | 64,784 | 23,306 | 15,841 | ||||||||||||
Share-based compensation
|
429
|
292
|
121
|
85
|
||||||||||||
Non-GAAP gross margin
|
47.3
|
%
|
48.6
|
%
|
48.2
|
%
|
48.0
|
%
|
||||||||
Non-GAAP gross profit
|
73,750
|
65,076
|
23,427
|
15,926
|
||||||||||||
Reported operating income (loss) attributable to Camtek Ltd. on GAAP basis
|
22,624
|
21,972
|
8,025
|
4,588
|
||||||||||||
Share-based compensation
|
4,224
|
2,892
|
1,171
|
824
|
||||||||||||
Chroma transaction expenses (1)
|
-
|
136
|
-
|
-
|
||||||||||||
Non-GAAP operating income
|
26,848
|
25,000
|
9,196
|
5,412
|
(1)
|
In the second and third quarters of 2019, certain transaction expenses were incurred in relation to the technological cooperation agreement with Chroma. These were recorded under operating
expenses.
|
1 Year Camtek Chart |
1 Month Camtek Chart |
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