Earnings release
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CAMTEK LTD . Moshe Eisenberg , CFO Tel : +972 4 604 8308 Mobile : +972 54 900 7100 moshee@camtek.com Camtek FOR IMMEDIATE RELEASE ● 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 ● INTERNATIONAL INVESTOR RELATIONS GK Investor Relations Ehud Helft Tel : ( US ) 1 212 378 8040 camtek@gkir.com Record results : $ 70.7 million revenue , up 76 % YoY ; 31 % operating margin ; Expects fourth quarter revenue of $ 72-73 million ; Camtek Reports Third Quarter 2021 Results MIGDAL HAEMEK , Israel – October 27 , 2021 – Camtek Ltd. ( NASDAQ : CAMT ; TASE : CAMT ) , today announced its financial results for the third quarter of 2021 . Highlights of the Third Quarter of 2021 Revenues of $ 70.7 million , a 76 % increase year - over - year ; GAAP gross margin of 50.6 % ; non - GAAP gross margin of 50.9 % ; GAAP operating income of $ 20.1 million ( 28.5 % of revenue ) ; non - GAAP operating income of $ 21.7 million ( 30.6 % of revenue ) ; GAAP net income of $ 18.5 million or $ 0.41 per diluted share ; non - GAAP net income of $ 20.0 million or $ 0.45 per diluted share ; and Strong positive operating cash flow of $ 16.5 million . Forward - Looking Expectations Management expects continued growth for the fourth quarter with revenue to be between $ 72-73 million , implying over 70 % revenue growth year - over - year for the full year of 2021 . Management Comment Rafi Amit , Camtek's CEO , commented , " I am very pleased with the continued growth in our revenue and profitability , which was due to ongoing strength of demand for our products . Given our solid backlog , the outlook for the fourth quarter and the first half of 2022 remains positive . We expect to end 2021 with a revenue growth of over 70 % year - over - year , an unprecedented growth rate of which we are very proud . " Continued Mr. Amit , “ Since the beginning of October we have received orders for over $ 26 million , which gives us confidence in our business momentum . "