Revenues of $15.3 million – sequential growth of 6%
Expects sequential growth in the third quarter
Expects sequential growth in the third quarter
MIGDAL HAEMEK, Israel – August 6, 2007 – Camtek Ltd. (NASDAQ: CAMT), today announced its results for
the second quarter ended June 30, 2007.
Revenues for the second quarter of 2007 were $15.3 million, 45% below $27.9 million in the second quarter of 2006, and up 6% sequentially from $14.5 million reported in the first quarter of 2007. Gross profit margin for the second quarter of 2007 was 40.8%, compared to 54.6% for the second quarter of 2006, and 41.5% for the first quarter of 2007.
the second quarter ended June 30, 2007.
Revenues for the second quarter of 2007 were $15.3 million, 45% below $27.9 million in the second quarter of 2006, and up 6% sequentially from $14.5 million reported in the first quarter of 2007. Gross profit margin for the second quarter of 2007 was 40.8%, compared to 54.6% for the second quarter of 2006, and 41.5% for the first quarter of 2007.
The Company reported a second quarter net loss of $3.5 million, or $0.11per diluted share, compared to a net income of $5.2 million, or $0.17 per diluted share, in the second quarter of last year, and a net loss of $4.3 million,or $0.14 per diluted share, in the first quarter of 2007.
Rafi Amit, Camtek’s CEO, commented, “Toward the end of the second quarter we began to see a significant increase in demand for our products, especially for inspection of printed circuit boards. One example of this increased demand was the multi-million dollar order we announced two weeks ago. We expect this demand to translate to orders and contribute to significantly higher third quarter revenues. At this point we expect to generate revenues between $17 and 20 million in the third quarter,
Mr. Amit added, “Our markets are characterized by long selling cycles, yet once our customers ordered equipment they expect fast deliveries. This is especially the case these days, when corporations begin to release capital budgets. Our ability to deliver systems within a few weeks is one of the core competitive advantages that we are currently capitalizing on.”
Mrs. Ronit Dulberg, Camtek’s CFO, added, “As we said in our previous press release, we have implemented measures to adapt our cost structure to better track our level of revenues. We can expect a significant positive effect of these measures on our financial performance in the coming quarters.”
