Camtek Ltd. (Nasdaq: CAMT; TASE:CAMT) today published its financial report for the second quarter of 2009. The maker of automated optical inspection (AOI) systems for the semiconductor industry reported sequential growth, although figures are well below those for last year, and it predicts further growth in the third quarter.
Revenue fell 45% to $12.5 million for the second quarter from $22.7 million for the corresponding quarter of 2008, but was 34% higher than the $9.3 million for the preceding quarter.
Operating loss quadrupled to $2.1 million for the second quarter from $487,000 for the corresponding quarter. Net loss also quadrupled to $2.1 million ($0.07 per share) for the second quarter from $498,000 for the corresponding quarter. The net loss was more than halved from the loss of $5.5 million for the preceding quarter.
Camtek CEO Rafi Amit said, "Looking ahead, despite the tough business environment we operate in, we continue to invest in R&D, in order to improve performances of our current product lines, as well as to develop new products. We estimate that revenues in the third quarter will be slightly higher than those of the second quarter."
Camtek closed at $1.14 on Nasdaq yesterday, giving a market cap of $33 million. The share fell 7.9% by mid-afternoon on the TASE today to NIS 4.44. The share has risen 330% on the TASE since the beginning of the year.
Published by Globes [online], Israel business news - www.globes-online.com - on August 12, 2009
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