Camtek Ltd (CAMT) Misses Q1 EPS by 4c, Slight Beat on Revenues; Offers 2Q Revenue Guidance Above Consensus

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Go back to Camtek Ltd (CAMT) Misses Q1 EPS by 4c, Slight Beat on Revenues; Offers 2Q Revenue Guidance Above Consensus

Camtek Announces First Quarter 2020 Results

May 11, 2020 6:46 AM EDT

MIGDAL HAEMEK, Israel, May 11, 2020 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the first quarter 2020.

Highlights of the First Quarter of 2020

Revenues of $30.2 million; - Shipments to customers amounted to approximately $33 million, however, about  $3 million of this was not recognized due to the Coronavirus related delays in   installations and in accordance with our revenue recognition policy; GAAP operating income of $2.9 million; non-GAAP operating income of $3.7 million; GAAP net income of $2.8 million and... More