CAMTEK ANNOUNCES RESULTS FOR THE FIRST QUARTER OF 2024
Camtek Ltd. - Ordinary Shares (CAMT)
Last camtek ltd. - ordinary shares earnings: 2/20 06:45 am
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Source: PR Newswire
Q2 revenue guidance of $100-102 million - 37% YoY growth - driven by HBM and ChipletsMIGDAL HAEMEK, Israel, May 9, 2024 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the first quarter, ended March 31, 2024.Highlights of the First Quarter of 2024Record revenues of $97.0 million, a 34% year-over-year (YoY) increase;GAAP operating income of $21.2 million (up 50% YoY) and non-GAAP operating profit of $29.0 million (up 67% YoY), representing operating margins of 21.9% and 29.9%, respectively;GAAP net income of $24.8 million and non-GAAP net income of $31.3 million; andStrong positive operating cash flow of $20.2 million.Forward-Looking ExpectationsManagement expects revenues in the second quarter of 2024 between $100-102 million, representing a 37% mid-point increase over the second quarter of 2023. Given the significant visibility and strong ongoing order flow, continued sequential growth is expected throughout 2024.Management Comment R
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News
- Camtek (CAMT) Is Up 7.34% in One Week: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Camtek Ltd. (NASDAQ: CAMT) was downgraded by analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating.MarketBeat
- Is Camtek (CAMT) Stock Outpacing Its Computer and Technology Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Camtek Ltd. (NASDAQ: CAMT) was downgraded by analysts at Northland Securities from an "outperform" rating to a "market perform" rating.MarketBeat
- Camtek Ltd. (NASDAQ: CAMT) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $120.00 price target on the stock.MarketBeat
CAMT
Earnings
- 5/9/24 - Beat
CAMT
Sec Filings
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- CAMT's page on the SEC website