Camtek Q3 revenues met guidance at half the parallel result

Loss per share climbed to 22 cents including charges on Inspectech purchase
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Migdal Ha'Emek-based Camtek (Nasdaq:CAMT) today reported that its third-quarter results were in line with guidance.

The company, which develops, manufactures and markets automated inspection systems and related software to enhance production of electronics components, said revenues for the third quarter of 2001 were $7 million compared to $15 million in the third quarter of 2000.

Gross profit margin for the third quarter of 2001 was 48.1%, compared to 54.9% for the third quarter of 2000.

Camtek reported a net loss for the third quarter of 2001 of $1.1 million, excluding charges on acquiring Inspectech, and $4.8 million including the Inspectech charges. In the parallel it netted $3.3 million.

Third quarter loss per share was 5 cents excluding Inspectech charges, and 22 cents including Inspectech charges, compared to 16 cents in the third quarter of 2000.

Revenues for nine months were $36.8 million compared with revenues of $37 million for the same nine-months in 2000.

For the nine month period, fully diluted earnings per share were 15 cents excluding the acquisition charges, and a loss per share of 1 cent inclusive of such charges, compared to fully diluted net earnings of $0.40 for the same nine- month period last year.

Camtek acquired Inspectech in August for about $2.25 million cash plus $2 million repayment of the company's loans. Inspectech is an Israel-based developer and producer of fully automatic wafer level inspection and analysis system for the back-end manufacturing semiconductor industry.