There are numerous unsung heroes of Israel’s business community who seldom make it into mainstream Israeli business newspapers. VonNaftali has a heart for them and wants to give them a stage and attention. Unsexy for hip journalists, they are the backbone of the Israeli economy.
Today CAMTEK from Migdal Haemek, a rather small city in the upper north of Israel near Nazareth. Camtek is not unknow to readers of VonNaftali, we already reported about this amazing company.
Camtek is a leading manufacturer of metrology and inspection equipment and a provider of software solutions serving the Advanced Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments in the mid end of the semiconductor industry.
Camtek provides dedicated solutions and crucial yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs.
With eight offices around the world, Camtek has best-in-class sales and customer support organization, providing tailor-made solutions in line with customers’ requirements.
Highlights of the Full Year 2022
- Revenues of $320.9 million; a 19% increase year-over-year;
- GAAP operating income of $81.5 million; non-GAAP operating income of $92.0 million; representing operating margins of 25.4% and 28.7%, respectively;
- GAAP net income of $79.9 million; non-GAAP net income of $90.5 million; and
- Operating cash flow of $57.8 million in 2022, which led to a year-end total cash, short-term and long-term deposits balance of $479 million.
Rafi Amit, Camtek’s CEO commented, “I am pleased to report record revenues for the fifth year in a row. In the last two years our revenues have more than doubled, while our operating profit has more than tripled. We remain well positioned in the fastest growing segments of our industry such as Heterogenous Integration and Compound Semiconductors, and we expect to benefit from this growth in the future.”