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Stock impact report

Camtek Announces Results for the Second Quarter of 2019

Camtek Ltd. - Ordinary Shares (CAMT) 
Last camtek ltd. - ordinary shares earnings: 2/20 06:45 am Check Earnings Report
US:NASDAQ Investor Relations: camtek.com/investors/overview
Company Research Source: PR Newswire
MIGDAL HAEMEK, Israel, Aug. 6, 2019 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the quarter ended June 30, 2019. Highlights of the Second Quarter 2019Revenues were a record at $34.3 million, up 13% year-over-year; GAAP gross margin at 48.2% versus 48.9% in Q2 last year; Non-GAAP gross margin at 48.4% versus 49.0%; GAAP operating income was $6.4 million and non-GAAP operating income was $7.0 million, representing margins of 18.5% and 20.5%, respectively; GAAP net income of $7.2 million or $0.19 per diluted share, and non-GAAP net income of $6.7 million, or $0.18 per diluted share, representing year-over-year growth of 66% and 46%, respectively; and Operating cash flow of $7.3 million with $85.3 million in cash at quarter-end; Cash includes $16 million from the issuance of new shares to Chroma and a full earn-out payment of $1.3 million related to the sale of the PCB;Dividend AnnouncementCamtek's Board of Directors declared a cash d Show less Read more
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