Camtek Announces Second Quarter 2014 Results

 


Consolidated Statements of Operations

(in thousands, except share data)








Six Months ended

June 30,


Three Months

ended June 30,


Year ended

December

31,


2014


2013


2014


2013


2013


U.S. dollars


U.S. dollars


U.S. dollars

Revenues

45,270


40,339


23,161


22,266


85,405

Cost of revenues

23,672


22,317


11,693


12,447


51,003











Gross profit

21,598


18,022


11,468


9,819


34,402





















Research and development costs

6,964


7,208


3,530


3,558


14,370

Selling, general and administrative expenses

10,900


9,974


5,374


5,268


22,362

Reorganization and impairment

-


-


-


-


(3,466)


17,864


 

17,182


8,904


 

8,826


 

33,266











Operating income

3,734


840


2,564


993


1,136











Financial expenses, net

694


1,078


329


512


1,738











Income (loss) before income










 taxes

3,040


(238)


2,235


481


(602)











Income tax

(389)


(293)


(223)


(146)


609











Net income (loss)

2,651


(531)


2,012


335


7











Net income (loss) per ordinary share:




















Basic

0.09


(0.02)


0.07


0.01


0.00











Diluted

0.09


(0.02)


0.07


0.01


0.00











Weighted average number of ordinary shares outstanding:




















Basic

30,447


29,966


30,467


30,034


30,040











Diluted

30,534


29,971


30,534


30,044


30,094












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