Camtek Ltd. | ||||
Consolidated Statement of Income (unaudited) | ||||
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(in thousands, except share data) | ||||
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| Three months ended March 31, | Year ended December 31, | ||
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| 2023 | 2022 | 2022 |
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| U.S. dollars (In thousands) | ||
Revenues |
| 72,457 | 77,166 | 320,909 |
Cost of revenues |
| 38,593 | 37,308 | 161,053 |
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Gross profit |
| 33,864 | 39,858 | 159,856 |
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Operating expenses: |
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Research and development |
| 7,554 | 7,677 | 28,859 |
Selling, general and administrative |
| 12,115 | 12,655 | 49,499 |
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Total operating expenses |
| 19,669 | 20,332 | 78,358 |
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Operating profit |
| 14,195 | 19,526 | 81,498 |
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Financial income, net |
| 5,110 | 633 | 6,690 |
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Income before incomes taxes |
| 19,305 | 20,159 | 88,188 |
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Income tax expense |
| (2,060) | (1,781) | (8,239) |
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Net income |
| 17,245 | 18,378 | 79,949 |
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Basic net earnings per share (in US dollars) | 0.39 | 0.42 | 1.81 |
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| Diluted net earnings per share (in US dollars) | 0.36 | 0.39 | 1.66 |
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| Weighted average number of |
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| ordinary shares outstanding (in thousands): |
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| Basic | 44,522 | 43,852 | 44,158 |
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| Diluted | 48,436 | 48,146 | 48,229 |
