Camtek Ltd. Files 6-K for November 2024

TL;DR

Camtek Ltd. filed its monthly 6-K, confirming 20-F reporting and no 12g3-2(b) info.

AI Summary

Camtek Ltd. filed a Form 6-K on November 12, 2024, reporting as a foreign private issuer for the month of November 2024. The filing indicates that Camtek Ltd. will file its annual reports under Form 20-F and is not furnishing information under Rule 12g3-2(b). The company is based in Migdal Haemek, Israel, and operates in the Optical Instruments & Lenses sector.

Why It Matters

This filing is a routine report for foreign private issuers, confirming their reporting status and providing basic company information to the SEC.

Risk Assessment

Risk Level: low — This is a standard procedural filing for a foreign private issuer and does not contain new financial or operational information.

Key Players & Entities

• CAMTEK LTD (company) — Registrant
• 0001109138 (company) — Central Index Key
• 3827 (company) — Standard Industrial Classification Code
• 20241112 (date) — Filing Date

FAQ

Key Financial Figures

• $112 million — IRD QUARTER OF 2024 Record revenues of $112 million; Q4 revenue guidance of ~$115 million,
• $115 m — f $112 million; Q4 revenue guidance of ~$115 million, up 30% YoY, primarily driven by
• $112.3 m — ird quarter of 2024 Record revenues of $112.3 million, a 40% year-over-year (YoY) incre
• $29.6 million — oY) increase; GAAP operating income of $29.6 million (up 56% YoY) and non-GAAP operating inc
• $34.2 million — % YoY) and non-GAAP operating income of $34.2 million (up 56% YoY), representing operating ma
• $32.7 million — 0.6%, respectively; GAAP net income of $32.7 million and non-GAAP net income of $37.0 millio
• $37.0 million — 32.7 million and non-GAAP net income of $37.0 million; and Strong positive operating cash fl
• $35.8 million — Strong positive operating cash flow of $35.8 million. Forward-Looking Expectations Managem
• $20 million — mber, the Eagle G5, as reflected by the $20 million orders announced last week. We recently
• $115 million — idance for the fourth quarter is around $115 million dollars. Given our guidance for the fou
• $427 m — ord year for Camtek with revenue around $427 million, which would represent 35% growth
• $112.3 million — nues for the third quarter of 2024 were $112.3 million. This compares to third quarter 2023 re
• $80.5 m — pares to third quarter 2023 revenues of $80.5 million, a year-over-year growth of 40%.
• $55.9 million — on a GAAP basis in the quarter totaled $55.9 million (49.7% of revenues), an increase of 43%
• $39.0 million — se of 43% compared to a gross profit of $39.0 million (48.5% of revenues) in the third quarte

Filing Documents

• zk2432287.htm (6-K) — 342KB
• image0.jpg (GRAPHIC) — 230KB
• 0001178913-24-003583.txt ( ) — 659KB

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 November 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: November 12, 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 THIRD QUARTER OF 2024 Record revenues of $112 million; Q4 revenue guidance of ~$115 million, up 30% YoY, primarily driven by High Performance Computing applications MIGDAL HAEMEK, Israel – November 12, 2024 – Camtek Ltd. (NASDAQ: CAMT; TASE: CAMT), today announced its financial results for the third quarter, ended September 30, 2024. Highlights of the third quarter of 2024 Record revenues of $112.3 million, a 40% year-over-year (YoY) increase; GAAP operating income of $29.6 million (up 56% YoY) and non-GAAP operating income of $34.2 million (up 56% YoY), representing operating margins of 26.4% and 30.6%, respectively; GAAP net income of $32.7 million and non-GAAP net income of $37.0 million; and Strong positive operating cash flow of $35.8 million. Forward-Looking Expectations Management expects revenues in the fourth quarter of 2024 of approximately $115 million, which would represent a 30% increase over revenues in the fourth quarter of 2023, with sequential growth in Q1 2025. Management Comment Rafi Amit, Camtek's CEO commented , "I am very pleased with the results of the third quarter and especially happy with the positive response to the introduction of our new product in September, the Eagle G5, as reflected by the $20 million orders announced last week. We recently introduced to certain key customers an additional new and advanced platform for the next generation of Advanced Packaging for which we have already received initial orders. "Looking ahead, the demand in the HPC segment remains healthy. We expect the overall contribution of HPC to our business this year to be around 50% and expect it to be a major growth driver in 2025 as well. We also see an increased demand for a wide range of other applications." Continued Mr. Amit, "Based on our current order flow, backlog, and pipeline, our revenue guidance for the fourth quarter is around $115 million dollars. Given our guidance for the fourth quarter, 2024 is expected to be a record year for Camtek with revenue around $427 million, which would represent 35% growth YoY." Third Quarter 2024 Financial Results Revenues for the third quarter of 2024 were $112.3 million. This compares to third quarter 2023 revenues of $80.5 million, a year-over-year growth of 40%. Gross profit on a GAAP basis in the quarter totaled $55.9 million (49.7% of revenues), an increase of 43% compared to a gross profit of $39.0 million (48.5% of revenues) in the third quarter of 2023. Gross profit on a non-GAAP basis in the quarter totaled $57.1 million (50.8% of revenues), an increase of 45% compared to a gross profit of $39.4 million (49.0% of revenues) in the third quarter of 2023. Operating income on a GAAP basis in the quarter totaled $29.6 million (26.4% of revenues), an increase of 56% compared to an operating income of $19.1 million (23.7% of revenues) in the third quarter of 2023. Operating income on a non-GAAP basis in the quarter totaled $34.2 million (30.4% of revenues), an increase of 54% compared to $22.2 million (27.6% of revenues) in the third quarter of 2023. Net income on a GAAP basis in the quarter totaled $32.7 million, or $0.67 per diluted share, an increase of 48% compared to net inc

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View this 6-K filing on SEC EDGAR