CAMTEK LTD Files 6-K, Confirms 20-F Reporting

TL;DR

**CAMTEK LTD just filed a routine 6-K, confirming its Form 20-F annual reporting.**

AI Summary

CAMTEK LTD, a foreign private issuer, filed a Form 6-K with the SEC on February 20, 2024, for the month of February 2024. The filing indicates that CAMTEK LTD files annual reports under Form 20-F and is not furnishing information pursuant to Rule 12g3-2(b). The company's principal corporate offices are located in Ramat Gavriel Industrial Zone, P.O. Box 544, Migdal Haemek 23150, Israel.

Why It Matters

This filing confirms CAMTEK LTD's ongoing compliance with SEC reporting requirements as a foreign private issuer, providing transparency to investors regarding its regulatory status.

Risk Assessment

Risk Level: low — This is a routine administrative filing with no new material financial or operational information.

Key Players & Entities

• CAMTEK LTD (company) — Registrant and foreign private issuer
• February 2024 (date) — Month of report
• February 20, 2024 (date) — Filing date
• Form 6-K (document) — SEC filing type
• Form 20-F (document) — Annual report type filed by registrant
• Rule 13a-16 or 15d-16 (rule) — SEC rules for foreign private issuers
• Rule 12g3-2(b) (rule) — SEC rule not being used by registrant
• Migdal Haemek (location) — City of principal corporate offices
• Israel (location) — Country of principal corporate offices

FAQ

Key Financial Figures

• $88.7 m — the Fourth Quarter of 2023 Revenues of $88.7 million, an 8% increase year-over-year;
• $17.2 million — ar-over-year; GAAP operating income of $17.2 million; non-GAAP operating income of $25.5 mil
• $25.5 m — 2 million; non-GAAP operating income of $25.5 million, representing an operating margin
• $20.8 million — 28.7% respectively; GAAP net income of $20.8 million and non-GAAP net income of $28.2 millio
• $28.2 million — 20.8 million and non-GAAP net income of $28.2 million; Strong operating cash flow of $34.2 m
• $34.2 million — million; Strong operating cash flow of $34.2 million; and Completion of FRT metrology acqui
• $315.4 m — ghts of the Full Year 2023 Revenues of $315.4 million, 1.7% below those of last year;
• $65.4 million — of last year; GAAP operating income of $65.4 million; non-GAAP operating income of $83.3 mil
• $83.3 million — 4 million; non-GAAP operating income of $83.3 million; representing operating margins of 20.7
• $78.6 million — 6.4%, respectively; GAAP net income of $78.6 million; non-GAAP net income of $95.7 million;
• $95.7 million — f $78.6 million; non-GAAP net income of $95.7 million; and Operating cash flow of $79.3 mill
• $79.3 million — .7 million; and Operating cash flow of $79.3 million in 2023, which led to a year-end total
• $449 million — ts and marketable securities balance of $449 million. Forward-Looking Expectations Managem
• $93 — es in the first quarter of 2024 between $93-95 million, representing a 30% mid-poin
• $315 million — bringing our full year 2023 revenues to $315 million. We received orders for close to 300 sy

Filing Documents

• zk2431018.htm (6-K) — 280KB
• image00002.jpg (GRAPHIC) — 64KB
• 0001178913-24-000648.txt ( ) — 370KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the Month of February 2024 CAMTEK LTD. (Translation of Registrant's Name into English) Ramat Gavriel Industrial Zone P.O. Box 544 Migdal Haemek 23150 ISRAEL (Address of Principal Corporate Offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities and Exchange Act of 1934. Yes No SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. This Form 6-K, including all exhibits hereto, is hereby incorporated by reference into all effective registration statements filed by the registrant under the Securities Act of 1933. CAMTEK LTD. (Registrant) By: /s/ Moshe Eisenberg —————————————— Moshe Eisenberg, Chief Financial Officer Dated: February 20, 2024 Camtek Ltd. P.O.Box 544, Ramat Gabriel Industrial Park Migdal Ha'Emek 23150, ISRAEL Tel: +972 (4) 604-8100 Fax: +972 (4) 644-0523 E-Mail: Info@camtek.com Web site: http://www.camtek.com CAMTEK LTD. Moshe Eisenberg, CFO Tel: +972 4 604 8308 Mobile: +972 54 900 7100 moshee@camtek.com INTERNATIONAL INVESTOR RELATIONS EK Global Investor Relations Ehud Helft Tel: (US) 1 212 378 8040 camtek@e kgir.com FOR IMMEDIATE RELEASE CAMTEK ANNOUNCES RESULTS FOR THE FOURTH QUARTER AND FULL YEAR OF 2023 EXPECTS 30% YoY GROWTH IN THE FIRST QUARTER WITH RECORD REVENUE IN FY 2024 MIGDAL HAEMEK, Israel – February 20, 2024 – Camtek Ltd. (NASDAQ: CAMT; TASE: CAMT), today announced its financial results for the fourth quarter and year ended December 31, 2023. Highlights of the Fourth Quarter of 2023 Revenues of $88.7 million, an 8% increase year-over-year; GAAP operating income of $17.2 million; non-GAAP operating income of $25.5 million, representing an operating margin of 19.4% and 28.7% respectively; GAAP net income of $20.8 million and non-GAAP net income of $28.2 million; Strong operating cash flow of $34.2 million; and Completion of FRT metrology acquisition. Highlights of the Full Year 2023 Revenues of $315.4 million, 1.7% below those of last year; GAAP operating income of $65.4 million; non-GAAP operating income of $83.3 million; representing operating margins of 20.7% and 26.4%, respectively; GAAP net income of $78.6 million; non-GAAP net income of $95.7 million; and Operating cash flow of $79.3 million in 2023, which led to a year-end total cash, short-term and long-term deposits and marketable securities balance of $449 million. Forward-Looking Expectations Management expects revenues in the first quarter of 2024 between $93-95 million, representing a 30% mid-point increase over the first quarter of 2023, with further growth leading to a year of record revenue for Camtek. Management Comment Rafi Amit, Camtek's CEO commented , "The high demand for high performance computing (HPC) was the main driver behind our record fourth quarter, bringing our full year 2023 revenues to $315 million. We received orders for close to 300 systems in the second half of 2023, which puts us in an excellent position going into 2024. This achievement was primarily due to our strong position with tier-1 customers that manufacture HBM (High Bandwidth Memory) and chiplet devices for AI applications. In addition, we have seen continued strong demand from our OSAT customers, driven by other advanced packaging applications." Continued Mr. Amit , "During the fourth quarter of 2023, we completed the acquisition of FRT and we are confident that this business will meet our expectations in 2024 and beyond. Looking ahead, we anticipate 2024 to be a record year for Camtek even without the contribution of FRT to our results." Fourth Quarter 2023 Financial Results Revenues for the fourth quarter of 2023 were $88.7 million. This compares to fourth quarter 2022 revenues of $82.2 million, a year-over-year growth of 8%. Gross profit on a GAAP basis in the quarter totaled $39.8 million (44.9% of revenues), compared to a gross profit of $39.9 million (48.6% of revenues) in the fourth quarter of 2022. Gross profit on a non-GAAP basis in the quarter totaled $43.7 million (49.2% of revenues), up 9% compared to a gross profit of $40.2 million (49.0% of revenues) in the fourth quarter of 2022. Operating profit on a GAAP basis in the quarter totaled $17.2 million (19.4% of revenues), compared to an operating profit of $20.5 million (24.9% of revenues) in the fourth quarter of 2022. Operating profit on a non-GAAP basis in the quarter to

View Full Filing

View this 6-K filing on SEC EDGAR