- Camtek Ltd (NASDAQ:CAMT) reported third-quarter FY22 revenue growth of 16% year-on-year to $81.99 million, slightly missing the consensus of $82 million.
- The non-GAAP gross margin contracted 190 bps to 49%.
- The non-GAAP operating margin declined by 230 bps to 28.3%.
- Non-GAAP EPS of $0.48 beat the consensus of $0.46.
- The company held $392.3 million in cash and equivalents and generated $25.3 million in operating cash flow.
- Rafi Amit, Camtek's CEO, commented, "We had another record quarter and are providing positive guidance for the fourth quarter. In an increasingly complex environment, we are positioned to achieve a record year in 2022, supported by the company's diversified customers, geographies, and various secular trends."
- Outlook: Camtek sees FY22 revenue of $320 million, below the consensus of $320.7 million.
- CAMT expects fourth-quarter revenue to be similar to those of the third quarter.
- Price Action: CAMT shares traded lower by 2.31% at $24.10 in the premarket on the last check Thursday.
- Photo Via Company
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