Camtek Announces Preliminary Second Quarter 2022 Revenue of Approximately $80 Million at the Top End of the Guidance Range
Received orders of over $200 million since the beginning of 2022
MIGDAL HAEMEK, Israel – July 11, 2022 – Camtek Ltd. (NASDAQ: CAMT; TASE: CAMT), today announced, ahead of its Semicon-West trade-show related activities, that its preliminary revenues for the second quarter of 2022 will be approximately $80 million. This is at the top end of the company’s previously announced guidance range of between $77 to 80 million.
Despite current market uncertainties, Camtek had a strong quarter in terms of order momentum and since the beginning of 2022 has received orders of over $200 million and continues to maintain a healthy backlog. The orders were received from a broad range of customers and will be used for various applications such as Advanced Interconnect Packaging, including Panel Fan-out Wafer Level Packaging (FOWLP), Front End, compound semiconductors and CMOS Image Sensors (CIS).
Rafi Amit, Chief Executive Officer, commented, “I am very pleased with the expected upcoming second quarter results showing a record quarter for Camtek, as well as the outlook for the year, especially against the background of a weaker market climate. Our healthy backlog together with a strong flow of orders strengthens our expectations for another record year at Camtek with 2022 year-over-year revenue growth in the mid to high teens.”
Camtek will release its second quarter financial results on July 27, 2022 and will hold an investor conference call on the same date.
Camtek will host a video conference call/webinar via Zoom, July 27, 2022, at 9:00 am ET (16:00 Israel time).
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 participate in the webinar, please register using the following link. Please register well in advance of the call. After registration, a link will be emailed which will access to the video call and/or via telephone call.
If you have an issue with registration, please contact the Camtek investor relations team well in advance of the call.