Revenue Update on Camtek LTD.(NASDAQ:CAMT)

Camtek LTD.(NASDAQ:CAMT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $27.28M. Analysts estimated a revenue of $26.05M. Earnings per share were $0.04. Analysts had estimated an EPS of $0.02.

Camtek LTD. (CAMT) remained unchanged at the close of Wednesday session. Even as the volume increased to 4,02,628 ,the shares failed to make any impression and ended at 0 points or 0.00% at $2.45. The trading session commenced at $2.45 and the stock hit a high of $2.665 and touched $2.44 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $3 and the 52-week low is $1.58. The company has a market cap of $87 M and has approximately 3,53,48,176 outstanding shares.

Camtek Ltd. (Camtek) designs develops manufactures and markets automated solutions for production processes and for the semiconductor fabrication and printed circuit boards industries. The Company offers products-based on two core technologies: AOI and functional ink technology (FIT). The Company’s AOI systems are computerized systems that optically inspect various types of electronic product components. Its AOI systems are used for both production processes and for manufacturers in the semiconductor fabrication industry as well as the printed circuit board industry. Its AOI products incorporate image processing software and algorithms as well as electro-optics and precision mechanics. The Gryphon System’s technology is its main FIT product. The Gryphon System offers customers in the printed circuit board industry a range of products while relying on the existing operational research and development customer support and sales and marketing infrastructure.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *