CAMT FY 2022 Earnings Report — Camtek Ltd. Revenue & Financial Results | Market Cap Arena

Camtek Ltd.CAMT

FY 2022 Earnings

Reported March 20, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$321M	—	$270M	—	19.0%
Op. Income	$81M	—	$71M	—	15.0%
Gross Margin	49.8%	—	50.9%	—	-1.1pp
Net Margin	24.9%	—	22.4%	—	2.6pp
EPS (Diluted)	$1.66	—	$1.34	—	23.9%
Free Cash Flow	$50M	—	$57M	—	-12.8%

Revenue Flow

Item	Amount
REVENUE	$321M
Cost of Revenue	$161M
GROSS PROFIT	$160M
R&D Expenses	$29M
Selling & Marketing	$38M
General & Administrative	$11M
SG&A Expenses	$49M
Other Expenses	$0
Operating Expenses	$78M
Cost & Expenses	$239M
OPERATING INCOME	$81M
Interest Income	$9M
Interest Expense	$1M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$88M
Income Tax Expense	$8M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$81M
D&A	$4M
EBIT	$89M
EBITDA	$93M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$321M
Cost of Revenue	$161M
GROSS PROFIT	$160M
R&D Expenses	$29M
Selling & Marketing	$38M
General & Administrative	$11M
SG&A Expenses	$49M
Other Expenses	$0
Operating Expenses	$78M
Cost & Expenses	$239M
OPERATING INCOME	$81M
Interest Income	$9M
Interest Expense	$1M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$88M
Income Tax Expense	$8M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$81M
D&A	$4M
EBIT	$89M
EBITDA	$93M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$5M
Stock-Based Compensation	$11M
Deferred Income Tax	$0
Other Non-Cash Items	-$3M
Change in Working Capital	-$35M
OPERATING CASH FLOW	$58M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$143M
NET CASH FROM INVESTING	-$151M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$3.0K
FREE CASH FLOW	$50M
Net Change in Cash	-$94M

Balance Sheet

Item	Amount
Cash & Equivalents	$148M
Short-Term Investments	$252M
Net Receivables	$87M
Inventory	$66M
Other Current Assets	$747.0K
TOTAL CURRENT ASSETS	$557M
PP&E (Net)	$33M
Goodwill	$0
Intangible Assets	$597.0K
Long-Term Investments	$79M
Tax Assets	$1M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$120M
TOTAL ASSETS	$677M
Account Payables	$32M
Short-Term Debt	$0
Deferred Revenue	$13M
Other Current Liabilities	$30M
TOTAL CURRENT LIABILITIES	$89M
Long-Term Debt	$196M
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$204M
TOTAL LIABILITIES	$293M
Common Stock	$175.0K
Additional Paid-In Capital	$187M
Retained Earnings	$199M
Treasury Stock	-$2M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$384M
Minority Interest	$0
TOTAL EQUITY	$384M
TOTAL LIABILITIES & EQUITY	$677M
Total Debt	$199M
Net Debt	$51M