Camtek Announces Results For The Third Quarter Of 2020

 

Consolidated Statements of Operations

(in thousands, except share data)





Nine Months ended 
 September 30,

Three Months
ended September 30,

Year ended
December 31,


2020

2019

2020

2019

2019


U.S. dollars

U.S. dollars

U.S. dollars

 

Revenues

 

107,240

 

100,818

 

40,061

 

32,470

134,019

Cost of revenues

57,315

51,875

20,636

17,252

69,235


Gross profit

49,925

48,943

19,425

15,218

64,784



Research and development costs

13,952

11,891

5,068

4,164

16,331

Selling, general and administrative expenses

21,374

19,668

8,036

6,681

26,481


35,326

31,559

13,104

10,845

42,812


Operating income

14,599

17,384

6,321

4,373

21,972


Financial income, net

958

340

307

188

801


Income from continuing operations






 before income taxes

15,557

17,724

6,628

4,561

22,773


Income tax expense

(1,445)

(1,508)

(604)

(398)

(1,950)


Net income from continuing operations

14,112

16,216

6,024

4,163

20,823


Discontinued operations *






Income from discontinued operations







Income before tax expense

-

1,257

-

-

1,257

Income tax expense

-

(94)

-

-

(94)


Net income from discontinued operations

-

1,163

-

-

1,163







Net income

14,112

17,379

6,024

4,163

21,986


*Relates to the earn-out payment received from the sale of the PCB business.


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