CAMTEK ANNOUNCES RESULTS FOR THE FIRST QUARTER OF 2023

While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Camtek's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Camtek does not assume any obligation to update any forward-looking statements unless required by law.

This press release provides financial measures that exclude share based compensation expenses and are therefore not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management uses both GAAP and non-GAAP measures when evaluating the business internally and therefore felt it is important to make these non-GAAP adjustments available to investors. A reconciliation between the GAAP and non-GAAP results appears in the tables at the end of this press release.

 

 

CAMTEK LTD. and its subsidiaries

Consolidated Balance Sheets (unaudited)

(In thousands)


March 31,

December 31,


2023

2022


U.S. Dollars (In thousands)

 

Assets






Current assets



Cash and cash equivalents

189,199

148,156

Short-term deposits

226,500

251,500

Trade accounts receivable, net

66,304

80,611

Inventories

64,536

65,541

Other current assets

15,032

11,156




Total current assets

561,571

556,964










Long-term deposits

77,000

79,000

Long term inventory

6,533

5,357

Deferred tax assets, net

874

1,004

Other assets, net

1,566

1,024

Property, plant and equipment, net

35,213

33,141

Intangible assets, net

608

597




Total non-current assets

121,794

120,123




Total assets

683,365

677,087




Liabilities and shareholders' equity






Current liabilities



Trade accounts payable

28,059

31,667

Other current liabilities

46,394

56,833




Total current liabilities

74,453

88,500




Long term liabilities



Other long-term liabilities

8,356

8,748

Convertible notes

196,010

195,737


204,366

204,485




Total liabilities

278,819

292,985




Commitments and contingencies






Shareholders' equity



Ordinary shares NIS 0.01 par value, 100,000,000 shares authorized at March 31, 2023 and at December 31, 2022;



46,665,240 issued shares at March 31, 2023 and 46,505,318 at December 31, 2022;



44,572,864 shares outstanding at March 31, 2023 and 44,412,942 at December 31, 2022

 

175

 

175

Additional paid-in capital

190,304

187,105

Retained earnings

215,965

198,720


406,444

386,000

Treasury stock, at cost (2,092,376 as of March 31, 2023 and December 31, 2022)

 

(1,898)

 

(1,898)




Total shareholders' equity

404,546

384,102




Total liabilities and shareholders' equity

683,365

677,087


« Previous Page 1 | 2 | 3 | 4  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise