This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Camtek Announces Third Quarter 2012 Results

Use of non-GAAP Measures

This press release provides financial measures that exclude certain items such as: (i) amortization of acquired intangible assets and revaluation of liabilities with respect to the acquisitions of Sela and Printar; and (ii) share based compensation expenses. and are therefore not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these Non-GAAP financial measures provide meaningful supplemental information regarding our performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management uses both GAAP and non-GAAP measures when evaluating the business internally and therefore felt it is important to make these non-GAAP adjustments available to investors.A reconciliation between the GAAP and non-GAAP results appears in the tables at the end of this press release.

Consolidated Balance Sheets

(in thousands)
                                                 September    December 31,                 
                                                      2012            2011
                                               U.S. Dollars (in thousands)
    Current assets
    Cash and cash equivalents                        19,155        22,185
    Short-term deposits                               6,160         4,100
    Accounts receivable, net                         27,085        25,451
    Inventories                                      26,714        24,355
    Due from affiliates                                 617           388
    Other current assets                              4,321         3,357
    Deferred tax asset                                  110           110
    Total current assets                             84,162        79,946
    Fixed assets, net                                14,273        14,577
    Long term inventory                               2,711         1,954
    Deferred tax asset                                  132           132
    Other assets, net                                   304           304
    Intangible assets, net *                          4,052         4,191
    Goodwill                                          3,653         3,653
                                                     10,852        10,234
    Total assets                                    109,287       104,757
    Liabilities and shareholders' equity
    Current liabilities
    Short term bank loans                             4,160         3,000
    Accounts payable - trade                         10,967         6,773
    Long term bank loans - current portion            1,700         1,700
    Other current liabilities                        18,361        21,568
    Total current liabilities                        35,188        33,041
    Long term liabilities
    Long term bank loans                                817         2,092
    Liability for employee severance benefits           686           652
    Other long term liabilities *                     9,071         9,039
                                                     10,574        11,783
    Total liabilities                                45,762        44,824
    Commitments and contingencies
    Shareholders' equity
    Ordinary shares NIS 0.01 par value,
    authorized 100,000,000 shares,
    31,986,005 issued as September 30, 2012
    and 31,810,340 as of December 31, 2011,
    outstanding 29,893,629 as of September 30,
    2012 and 29,717,964 as of December 31l 2011         133          133
    Additional paid-in capital                       61,323       61,014
    Accumulated income                                3,967          684
                                                     65,423       61,831
    Treasury stock, at cost (2,092,376
    as of September 30, 2012
    and December 31, 2011)                          (1,898)      (1,898)
    Total shareholders' equity                       63,525       59,933
    Total liabilities and shareholders' equity      109,287      104,757

  (*)  Relates to Printar and SELA acquisitions

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs