Camtek Ltd. Files 6-K Report

TL;DR

Camtek Ltd. filed a 6-K, confirming 20-F filings and Israeli HQ.

AI Summary

Camtek Ltd. filed a Form 6-K on August 1, 2024, reporting as a foreign private issuer. The filing indicates that the company will file its annual reports under Form 20-F and is not furnishing information under Rule 12g3-2(b). The company's principal corporate offices are located in Migdal Haemek, Israel.

Why It Matters

This filing serves as an update for investors regarding Camtek Ltd.'s reporting status as a foreign private issuer with the SEC.

Risk Assessment

Risk Level: low — This is a routine administrative filing by a foreign private issuer and does not contain material financial or operational news.

Key Players & Entities

• CAMTEK LTD. (company) — Registrant
• 0001109138 (company) — Central Index Key
• 3827 (company) — Standard Industrial Classification
• MIGDAL HAEMEK (company) — City of Principal Corporate Offices
• ISRAEL (company) — Country of Principal Corporate Offices
• August 1, 2024 (date) — Filing Date

FAQ

Key Financial Figures

• $103 million — OND QUARTER OF 2024 Record revenues of $103 million; Q3 revenue guidance of $107-110 millio
• $107 — of $103 million; Q3 revenue guidance of $107-110 million, up ~35% YoY, driven by H
• $102.6 m — ond Quarter of 2024 Record revenues of $102.6 million, a 39% year-over-year (YoY) incre
• $25.9 million — oY) increase; GAAP operating income of $25.9 million (up 73% YoY) and non-GAAP operating inc
• $30.8 million — % YoY) and non-GAAP operating income of $30.8 million (up 69% YoY), representing operating ma
• $28.0 million — 0.0%, respectively; GAAP net income of $28.0 million and non-GAAP net income of $32.6 millio
• $32.6 million — 28.0 million and non-GAAP net income of $32.6 million; and Strong positive operating cash fl
• $49.2 million — Strong positive operating cash flow of $49.2 million. Forward-Looking Expectations Managem
• $73.8 m — ares to second quarter 2023 revenues of $73.8 million, a year-over-year growth of 39%.
• $51.1 million — on a GAAP basis in the quarter totaled $51.1 million (49.9% of revenues), an increase of 46%
• $35.0 million — se of 46% compared to a gross profit of $35.0 million (47.4% of revenues) in the second quart
• $52.4 million — a non-GAAP basis in the quarter totaled $52.4 million (51.0% of revenues), an increase of 48%
• $35.4 million — se of 48% compared to a gross profit of $35.4 million (48.0% of revenues) in the second quart
• $14.9 million — 73% compared to an operating income of $14.9 million (20.2% of revenues) in the second quart
• $18.3 million — venues), an increase of 69% compared to $18.3 million (24.8% of revenues) in the second quart

Filing Documents

• zk2431755.htm (6-K) — 311KB
• image2.jpg (GRAPHIC) — 230KB
• 0001178913-24-002374.txt ( ) — 629KB

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 August 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: August 1, 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@ekgir.com FOR IMMEDIATE RELEASE CAMTEK ANNOUNCES RESULTS FOR THE SECOND QUARTER OF 2024 Record revenues of $103 million; Q3 revenue guidance of $107-110 million, up ~35% YoY, driven by High Performance Computing applications MIGDAL HAEMEK, Israel – August 1, 2024 – Camtek Ltd. (NASDAQ: CAMT; TASE: CAMT), today announced its financial results for the second quarter, ended June 30, 2024. Highlights of the Second Quarter of 2024 Record revenues of $102.6 million, a 39% year-over-year (YoY) increase; GAAP operating income of $25.9 million (up 73% YoY) and non-GAAP operating income of $30.8 million (up 69% YoY), representing operating margins of 25.2% and 30.0%, respectively; GAAP net income of $28.0 million and non-GAAP net income of $32.6 million; and Strong positive operating cash flow of $49.2 million. Forward-Looking Expectations Management expects revenues in the third quarter of 2024 between $107-110 million, representing a 35% mid-point increase over the third quarter of 2023. Given the significant visibility and strong ongoing order flow, continued sequential growth is expected into the fourth quarter. Management Comment Rafi Amit, Camtek's CEO commented , "I am very pleased with the quarterly results: year-over-year growth in revenue of 39% and strong operating margin of 30%. Our strong results were driven by the continued demand for high performance computing (HPC) applications, which accounted for over half of our business in the quarter." Concluded Mr. Amit, "The main growth driver in the semiconductors market is HPC modules for Generative AI and we are well positioned to benefit from it. "Looking ahead, demand for HPC modules, as well as industry analysts' forecasts of growing demand for end-products such as mobile phones and PCs, plus major investment by key countries in establishing new local semiconductor manufacturing facilities, all give us further confidence for continued growth in the coming quarters." Second Quarter 2024 Financial Results Revenues for the second quarter of 2024 were 102.6 million. This compares to second quarter 2023 revenues of $73.8 million, a year-over-year growth of 39%. Gross profit on a GAAP basis in the quarter totaled $51.1 million (49.9% of revenues), an increase of 46% compared to a gross profit of $35.0 million (47.4% of revenues) in the second quarter of 2023. Gross profit on a non-GAAP basis in the quarter totaled $52.4 million (51.0% of revenues), an increase of 48% compared to a gross profit of $35.4 million (48.0% of revenues) in the second quarter of 2023. Operating income on a GAAP basis in the quarter totaled $25.9 million (25.2% of revenues), an increase of 73% compared to an operating income of $14.9 million (20.2% of revenues) in the second quarter of 2023. Operating income on a non-GAAP basis in the quarter totaled $30.8 million (30.0% of revenues), an increase of 69% compared to $18.3 million (24.8% of revenues) in the second quarter of 2023. Net income on a GAAP basis in the quarter totaled $28.0 million, or $0.57 per diluted share, an increase of 51% compared to net income of $18.5 million, or $0.39 per diluted share, in the second quarter of 2023. Net income on a non-GAAP basis in the quarter totaled $32.6 million, or $0.66 per diluted sh

View Full Filing

View this 6-K filing on SEC EDGAR