Record annual revenue of $321 million, 19% year-on-year increase MIGDAL HAEMEK, Israel, February 16, 2023/PRNewswire/--Camtek Ltd today announced its financial results for the quarter ended December 31, 2022. Highlights for the fourth quarter of 2022 $82.2 million revenue; 11% increase over the previous year; An 11% increase on an annual basis; GAAP operating income of $20.5 million; Non-GAAP operating income of $22.8 million, representing an operating margin of 24.9% and 27.8%, respectively; Non-GAAP operating income represents an operating margin of 24.9% and 27.8%, respectively; GAAP net income of $21.7 million and non-GAAP net income of $24.0 million; And non-GAAP net income; strong operating cash flow of $19.6 million; Highlights of 2022 $320.9 million in revenue; 19% increase over the previous year; an annual increase of 19%; GAAP operating income of $81.5 million; non-GAAP operating income of $92.0 million; represent operating margins of 25.4% and 28.7%, respectively; ; non-GAAP operating income; operating margins of 25.4% and 28.7%, respectively; GAAP net income of $79.9 million; Non-GAAP net income of $90.5 million; And Achieved non-GAAP net income and operating cash flow of $57.8 million in 2022, year-end total cash, short-term and long-term deposit balances of $479 million. Future prospects Management expects revenues of US$71-74 million in the first quarter of 2023, representing a 6% midpoint decline from the first quarter of 2022. Management Comment RAFI Amit, CEO of Camtek, said, "I am pleased to report record revenues for the fifth year in a row. Our revenues have more than doubled and our operating profit has more than tripled in the last two years. We do well in the fastest growing segments of our industry such as Heterogeneous Integration and Combined Semiconductors. We are in a position and we expect to benefit from this growth in the future.” “We believe our broad and diversified customer base and leadership position in certain segments in our long-term strategic relationships with customers will enable us to outperform wafer fabrication equipment , which is predicted to decline by 20-30% in 2023,” Amit said. he continued. Fourth Quarter 2022 Financial results It generated $82.2 million in revenue for the fourth quarter of 2022. That figure generated $74.2 million in revenue in the fourth quarter of 2021, which is an 11% growth. On a GAAP basis, gross profit increased by 6% in the fourth quarter of 2021 with a total of US$39.9 million and gross profit of US$37.6 million . Gross profit in the non-GGAAP period was $40.2 million , an increase of 6% compared to US$37.8 million in the fourth quarter of 2021. Operating profit on a GAAP basis totaled $20.5 million in the fourth quarter of 2021, a 6% increase compared to an operating profit of $19.3 million . Operating profit for the non-GAAP periods totaled US$22.8 million in the fourth quarter of 2021, an increase of 9% and $20.9 million . On a GAAP basis, net income for the fourth quarter of 2021 compared to a total of $21.7 million, or $0.45 per diluted share, compared to net income of $12.8 million, or $0.28 per diluted share. Net income in the non-GAAP period compared to non-GAAP net income of $19.7 million in the fourth quarter of 2021, or $0.43 per diluted share, for a total of $24.0 million or $0.50 per diluted share. Full year 2022 Results Summary Revenues for 2022 were $320.9 million, an increase of 19.0% over the $269.7 million reported in 2021. Gross profit on a GAAP basis was US$159.9 million in 2021, an increase of 16% to US$137.4 million . Gross profit on a non-GGAAP basis was US$161.1 million in 2021, an increase of 17% and US$138.0 million . On a GAAP basis, operating income was $81.5 million , a 15% increase compared to operating income of $70.9 million in 2021. Revenues from non-GAAP operations reached US$92.0 million in 2021, a 20% increase compared to US$76.7 million . Total net income was $79.9 million, or $1.66 per diluted share, on a GAAP basis. This is a 33% increase compared to net income of $60.3 million, or $1.34 per diluted share, in 2021. Total net income of $90.5 million, or $1.88 per diluted share, on a non-GAAP basis. This is a 27% increase compared to net income of $71.4 million, or $1.59 per diluted share, in 2021. As of December 31, 2022, cash and cash equivalents, short-term and long-term deposits amounted to US dollars 429.9 million as of December 31, 2021, and as of September 30, 478.7 2022, amounted to US dollars 460.3 million. In the fourth quarter, the Company generated an operating cash flow of $19.6 million. Conference Call Camtek will hold a video conference call/webinar via Zoom on February 16, 2023 at 9:00 am . RAFI Amit, CEO, Moshe Eisenberg, CFO and ramy Langer, COO will host the call and will be available to answer questions after presenting the results. To attend the webinar, please register using the link below, which will provide access to the video call: https://us06web.zoom.us/webinar/register/WN_JOji55tsT0KhNgNVI7MaLg A call link is sent to those who want to listen on the phone after recording. For those who cannot attend, a registration will be available on Camtek's website at http://camtek.com within a few hours of the call. A summary presentation of quarterly results will also be available on Camtek's website. CAMTEK LTD. ABOUT Camtek is a leading metrology and inspection equipment manufacturer and provider of software solutions serving the Advanced Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments in the mid-end semiconductor industry. Camtek provides custom solutions and key yield improvement data, enabling manufacturers to increase efficiency and reduce production costs. With eight offices around the world, Camtek has a best-in-class sales and customer support organization and offers tailored solutions to suit customers' needs. This press release is available at http://camtek.com This press release contains statements that may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Camtek's current beliefs, expectations and assumptions regarding its business and industry, all of which are subject to change. Forward-looking statements, "Believe", "Foresight", "should", "intention", "plan", "will", "May", "this", "forecast", "project", "positioned", " It can be defined by the use of words such as "strategy". and similar statements to identify forward-looking statements, including statements regarding our expected revenue for the first quarter of 2023 and the full year 2023, and our expense structure and target operating model for the composite semiconductors market. These forward-looking statements involve known and unknown risks and uncertainties that could cause Kamtek's actual results, performance or achievements to differ materially from any results, performance or achievements expressed or implied by forward-looking statements. Factors that could cause our actual results to differ materially from those contained in the forward-looking statements include, but are not limited to, the impact of new or revised export and/or import and business regulations or sanctions, such as changes in US trade policies; risks associated with a concentration Gotopnews.com