Camtek Ltd.

Consolidated Statements of Operations

(in thousands, except share data)

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