Welcome to our dedicated page for Camtek news (Ticker: CAMT), a resource for investors and traders seeking the latest updates and insights on Camtek stock.
Camtek Ltd. (NASDAQ: CAMT, TASE: CAMT), headquartered in Migdal Ha'emek, Israel, is a premier manufacturer of metrology and inspection equipment and a provider of comprehensive software solutions for the semiconductor industry. Camtek's leading technological solutions cater to various semiconductor market segments including Advanced Packaging, Memory, CMOS Image Sensors, MEMS, and RF. Their systems meticulously inspect wafers, providing yield-enhancement data that enables manufacturers to elevate their production yield and reduce operational costs.
Founded on a profound commitment to performance and customer service, Camtek operates with eight offices globally, delivering best-in-class sales and customer support. The company's cutting-edge systems, which include Surface Inspection and Bump Inspection and Metrology, are integral in maintaining the quality and reliability of semiconductor devices, especially within high-demand sectors like High Bandwidth Memory (HBM) and Heterogeneous Integration (HI).
Camtek has recently reported several significant achievements:
- Announced its financial results for Q3 2023, demonstrating robust financial health with revenues of $80.5 million and projections of further growth into 2024.
- Secured a new order for 28 systems from a tier-1 manufacturer for HBM and HI applications, underscoring its position as a key player in high-performance computing and AI technology sectors.
- Received a record number of orders in the latter half of 2023, including a substantial order from an OSAT for Advanced Packaging applications, reinforcing expectations of a historic revenue year in 2024.
- Showcased continuous strong financial performance with a reported revenue of $88.7 million for Q4 2023 and a projection of up to $95 million for Q1 2024.
- Projected Q2 2024 revenues between $100-102 million, driven by the strong demand for HBM and chiplet devices crucial for AI applications.
Camtek's dedication to innovation and quality extends to its strategic acquisitions, such as the recent purchase of FRT, a move anticipated to bolster their market presence further. With a robust order pipeline and a solid financial position, Camtek is poised for sustained growth, with expected record revenues in FY 2024.
Camtek Ltd. announced preliminary revenues of approximately $80 million for Q2 2022, at the top end of guidance. The company has secured over $200 million in orders since early 2022, indicating robust demand amidst market uncertainties. CEO Rafi Amit expressed optimism for a record year, projecting year-over-year revenue growth in the mid to high teens. Camtek will release full Q2 results on July 27, 2022, accompanied by an investor conference call.
Camtek Ltd. (NASDAQ: CAMT) announced participation in the 14th Annual CEO Summit on July 13, 2022, at the St. Regis Hotel, San Francisco, coinciding with the SEMICON West Tradeshow (July 11-14, 2022). CEO Rami Amit, CFO Moshe Eisenberg, and COO Ramy Langer will hold meetings with investors and analysts. The Summit features small group meetings with 12 management teams, including Camtek, and is co-sponsored by Cowen & Co., Jefferies, and Stifel. Attendance is by invite only, and the RSVP deadline is July 1, 2022.
Camtek Ltd. (NASDAQ: CAMT) reported a record revenue of $77.2 million for Q1 2022, marking a 35% increase year-over-year. The company achieved a GAAP operating income of $19.5 million and a non-GAAP operating income of $22.2 million, reflecting operating margins of 25.3% and 28.8% respectively. GAAP net income was $18.4 million, with non-GAAP net income at $21.0 million. Since the start of 2022, Camtek has secured $150 million in orders, indicating strong demand.
Camtek Ltd. (NASDAQ: CAMT) announced its preliminary first quarter 2022 revenue of approximately $77 million, exceeding expectations. Despite global challenges, the company secured over $110 million in orders, mainly for advanced interconnect packaging applications. CEO Rafi Amit expressed satisfaction with the strong order momentum, anticipating year-over-year revenue growth in the mid to high teens. Camtek will release complete financial results on May 12 and host a conference call the same day.
Camtek Ltd. (NASDAQ: CAMT) reported record revenues of $74.2 million for Q4 2021, marking a 53% year-over-year increase. The company achieved a GAAP operating income of $19.3 million and a non-GAAP operating income of $20.9 million, yielding operating margins of 26.0% and 28.2% respectively. For the full year 2021, revenue reached $269.7 million, a 73% increase. The GAAP net income stood at $60.3 million, with total cash deposits of $430 million by year-end.
Camtek Ltd. (NASDAQ: CAMT) announced orders worth approximately $20M from two leading tier-1 IDMs, primarily for inspection and 3D metrology in advanced interconnect packaging applications. CEO Rafi Amit expressed optimism regarding these orders, emphasizing their significance in the growing Advanced Interconnect Packaging market, which supports high-performance computing (HPC) technologies. This development highlights Camtek's expertise in meeting customer demands in the semiconductor industry.
Camtek Ltd. (Nasdaq: CAMT) has announced the release of its Fourth Quarter and Full Year 2021 financial results on February 10, 2022. A video conference call will occur at 9:00 AM ET on the same day, hosted by CEO Rafi Amit and CFO Moshe Eisenberg, among others. The call will allow for Q&A following the presentation of the results. Those interested in participating can register via a provided link. Camtek specializes in high-end equipment for semiconductor inspection and metrology, catering to leading global manufacturers.
Camtek Ltd. (Nasdaq: CAMT) has announced the pricing of an upsized private offering of $175 million in 0% Convertible Senior Notes due 2026. This offering, previously set at $140 million, allows initial purchasers an option to acquire an additional $25 million. The Notes, maturing on December 1, 2026, will be convertible at a rate of 17.1092 shares per $1,000 principal, representing a conversion price of $58.45 per share. Expected net proceeds of approximately $170.1 million will support general corporate purposes, including potential acquisitions and R&D.
Camtek Ltd. (NASDAQ: CAMT) announced a proposed private offering of $140 million in Convertible Senior Notes due 2026. The offering is aimed at qualified institutional buyers under Rule 144A of the Securities Act. An additional $20 million may be available for purchase by initial purchasers. The Notes will be senior, unsecured obligations, convertible into cash or ordinary shares. Proceeds will be used for general corporate purposes, including acquisitions and R&D. The final terms will be set at pricing, and the offering is contingent on market conditions.
Camtek Ltd. (NASDAQ: CAMT) announced impressive financial results for Q3 2021, showcasing a 76% year-over-year revenue increase to $70.7 million. The company recorded a GAAP gross margin of 50.6% and a non-GAAP gross margin of 50.9%. Operating income reached $20.1 million (28.5% of revenue) on a GAAP basis, while non-GAAP operating income was $21.7 million (30.6% of revenue). Additionally, GAAP net income stood at $18.5 million or $0.41 per diluted share, and non-GAAP net income was $20 million or $0.45 per diluted share. The company also reported strong operating cash flow of $16.5 million.
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