Financial Data and Key Metrics Changes - Total sales in Q4 2020 were $48.6 million, a nearly 50% increase over Q4 2019, marking record quarterly revenue [12] - Full year revenue reached a record $156 million, representing a 16% growth over 2019 [13] - Gross margin for Q4 was 48.2%, with an operating margin of 18.9%, showing improved profitability compared to the first half of 2020 [12][32] - Net income for Q4 2020 was $8.8 million, or $0.21 per diluted share, compared to $5.4 million, or $0.14 per share in Q4 2019 [35] Business Line Data and Key Metrics Changes - The company saw strong demand across all geographies and segments, with Asia contributing 83% of Q4 revenue [28] - The CMOS Image Sensor (CIS) segment accounted for about 30% of business in 2020, expected to normalize to 10% to 15% in 2021 [20][48] - The advanced packaging segment is anticipated to drive significant growth in 2021, with expectations for it to account for over 50% of business [60] Market Data and Key Metrics Changes - The geographic revenue split for Q4 was 83% from Asia and 78% from the rest of the world [28] - The company expects strong sales in the first half of 2021, forecasting over $110 million, implying approximately 65% growth over the first half of 2020 [13][37] Company Strategy and Development Direction - The company aims to maximize growth across all segments, including front end, mid end, and back end, while increasing the number of new customers and penetrating new market segments [16] - A strategy of addressing a wide range of customers includes entry-level products, which may lead to lower average selling prices (ASP) initially but is expected to result in future upgrades to more complex systems [17] - The company plans to launch new products in 2021 and is actively seeking acquisition opportunities to support growth beyond organic means [25] Management's Comments on Operating Environment and Future Outlook - Management noted that 2020 was an exceptional year for the semiconductor industry, with strong demand continuing into 2021 [14] - The company is optimistic about achieving record sales and improved profitability in 2021, despite uncertainties related to COVID-19 [24] - Management highlighted the importance of advanced packaging, memory, and 5G smartphone applications as key growth drivers [19][67] Other Important Information - The company raised approximately $64 million in a public offering during Q4 2020, which will support growth initiatives [36] - Cash and cash equivalents increased to $177.8 million as of December 31, 2020, compared to $106 million at the end of Q3 2020 [36] Q&A Session Summary Question: How do you see your parts procurement and ability to procure parts given the supply environment? - Management indicated that they are well aligned with inventory needs and have not experienced procurement issues, having increased the number of subcontractors [40] Question: What are the biggest influences on gross margins? - Management stated that both volume and new products will contribute to improved margins in the first half of 2021 [41] Question: How does the strong demand affect the timing of the $200 million target model? - Management confirmed that they are already in a run rate close to the $200 million target for the first half of 2021, but specific guidance for the second half is not yet available [43] Question: What is the expected contribution of the memory business in the first half? - Management clarified that the forecast for the first half does not include any memory business, with expectations for orders in the second half of the year [50] Question: Can you speak about your IDM win and its impact? - Management noted that the IDM win is significant for both the first half of 2021 and long-term growth, with multiple orders already received [51] Question: What is the outlook for the CMOS Image Sensor revenue? - Management expects the CIS segment to contribute 10% to 15% of revenue in 2021, down from 30% in 2020, but still anticipates strong dollar growth [48] Question: How do you see market share dynamics and competition? - Management acknowledged competition but emphasized a focus on high-end applications where they believe they can gain market share [78]

Financial Data and Key Metrics Changes - Total sales in Q3 2020 were $40.1 million, a 23% increase compared to $32.5 million in Q3 2019, and an 8% increase from the previous quarter [18] - Gross margin for the quarter was 48.8%, up from 47.1% in Q3 2019 and 46.1% in the previous quarter [19] - Operating profit was $7.6 million, a 19.6% improvement from $6.4 million in the previous quarter, with an operating margin of 19% compared to 17.2% in Q2 [21] - Net income for Q3 2020 was $7.3 million or $0.18 per diluted share, compared to $5 million or $0.13 per share in Q3 2019 and $6.3 million or $0.16 per diluted share in Q2 2020 [22] - Cash from operations generated in the quarter was $5 million, with net cash and cash equivalents increasing to $106 million from $101.5 million at the end of June 2020 [23] Business Line Data and Key Metrics Changes - The main applications driving revenue include Advanced Packaging, CMOS Image Sensors, and RF devices, with a focus on 5G smartphones [11][15] - The company is expanding its presence in frontend macro inspection applications, which are becoming increasingly significant [11][30] Market Data and Key Metrics Changes - Approximately 88% of revenues came from Asia, while Europe and the U.S. accounted for 12% [18] - The company expects revenue in the first half of 2021 to be similar to the second half of 2020, representing about 25% growth over the first half of 2020 [10] Company Strategy and Development Direction - The company aims to capitalize on the growing demand for advanced packaging technologies and is collaborating with leading IDM customers to develop metrology and inspection solutions [14][15] - The focus remains on expanding market presence and customer satisfaction, with expectations of continued growth in 2021 [16] Management's Comments on Operating Environment and Future Outlook - Management does not see signs of weakness in demand, with customers continuing to order more systems [13] - The company acknowledges the ongoing risks and uncertainties due to the COVID-19 pandemic but remains optimistic about future growth [16] Other Important Information - The company expects revenues of $42 million to $44 million in Q4 2020, projecting annual revenues to exceed $150 million for 2020 [23] - Operating expenses for the quarter were $11.9 million, an increase from $10.1 million in Q3 2019, primarily due to increased sales and marketing expenses [20] Q&A Session Summary Question: Demand for front end macro inspection - The company is gaining traction in front end macro inspection, which is expected to contribute significantly to revenue in Q4 and early 2021 [25][26] Question: Long-term opportunity in front end macro inspection - The company believes it is still in the early stages of market penetration, with expectations for significant growth by 2023 [27] Question: Growth drivers for 2021 - Key growth drivers are expected to be advanced packaging, CMOS image sensors, and RF devices, with significant investment in Korea, Taiwan, and China [28][29] Question: Gross margin outlook - The company anticipates gross margins to remain in the range of 48% to 50% in the first half of 2021 [40] Question: Remote support capabilities - The company has been using remote support technology for years, which has allowed for continued customer support during the pandemic [42][43] Question: Advanced packaging market potential - The company is a major supplier in the advanced packaging domain and is actively working with leading companies to develop new technologies [45]

Camtek Ltd. (NASDAQ:CAMT) Q2 2020 Earnings Conference Call August 4, 2020 9:00 AM ET Â Company Participants Ehud Helft - GK Investor Relations Rafi Amit - CEO Moshe Eisenberg - CFO Ramy Langer - COO Conference Call Participants Quinn Bolton - Needham and Company Craig Ellis - B. Riley FBR Gus Richard - Northland Securities Operator Ladies and gentlemen, thank you for standing by, welcome to CamtekÂ's second quarter 2020 results conference call. All participants are present in listen only mode. Following man ...

Camtek Ltd. (NASDAQ:CAMT) Q1 2020 Earnings Conference Call May 11, 2020 9:00 AM ET Company Participants Ehud Helft - GK Investor Relations Rafi Amit - CEO Moshe Eisenberg - CFO Ramy Langer - COO Conference Call Participants Quinn Bolton - Needham and Company Carlin Lynch - B. Riley FBR Auguste Richard - Northland Securities Operator Ladies and gentlemen, thank you for standing by. Welcome to Camtek's First Quarter 2020 Results Conference Call [Operator Instructions]. You should have all received by now the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares, nominal value NIS 0.01 per share CAMT Nasdaq Global Market FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO ...

Camtek Ltd (NASDAQ:CAMT) Q4 2019 Earnings Conference Call February 20, 2020 9:30 AM ET Company Participants Ehud Helft - GK Investor Relations Rafi Amit - Chairman & CEO Moshe Eisenberg - VP & CFO Ramy Langer - VP & COO Conference Call Participants Quinn Bolton - Needham & Company Peter Peng - B. Riley FBR, Inc. Auguste Richard - Northland Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to Camtek's Fourth Quarter and Full Year 2019 Results Conference Call. [Operator Instru ...

Camtek Ltd. (NASDAQ:CAMT) Q3 2019 Earnings Conference Call November 7, 2019 10:00 AM ET Company Participants Ehud Helft - GK IR Rafi Amit - CEO Moshe Eisenberg - CFO Ramy Langer - COO Conference Call Participants Craig Ellis - B. Riley FBR Gus Richard - Northland Securities Quinn Bolton - Needham & Company Operator Ladies and gentlemen, thank you for standing by. Welcome to Camtek's Third Quarter 2019 Results Conference Call. All participants are present in a listen-only mode. Following managementÂ's formal ...

Camtek Ltd. (NASDAQ:CAMT) Q2 2019 Earnings Conference Call August 6, 2019 9:30 AM ET Company Participants Kenny Green - Managing Partner, GK Investor Relations Rafi Amit - Chief Executive Officer Moshe Eisenberg - Chief Financial Officer Ramy Langer - Chief Operating Officer Conference Call Participants Craig Ellis - B. Riley FBR, Inc. Quinn Bolton - Needham & Company Gus Richard - Northland Securities, Inc. Operator Ladies and gentlemen, thank you for standing by. Welcome to CamtekÂ's Second Quarter 2019 R ...

Camtek Ltd. (NASDAQ:CAMT) Q1 2019 Results Conference Call May 6, 2019 10:00 AM ET Company Participants Ehud Helft - GK Investor Relations Rafi Amit - CEO Moshe Eisenberg - CFO Ramy Langer - COO Conference Call Participants Craig Ellis - B. Riley Gus Richard - Northland Securities Quinn Bolton - Needham & Company Operator Ladies and gentlemen, thank you for standing by. Welcome to Camtek's First Quarter 2019 Results Conference Call. All participants are at present in a listen-only mode. Following management' ...

Financial Performance - Revenues for 2018 were $123.174 million, a 32% increase from $93.485 million in 2017[22] - Gross profit for 2018 was $60.796 million, representing a gross margin of approximately 49.3%[22] - Operating income for 2018 was $20.033 million, compared to an operating loss of $3.037 million in 2017[22] - Net income from continuing operations for 2018 was $18.731 million, significantly up from $1.688 million in 2017[22] - The company reported basic earnings per share of $0.52 for 2018, compared to $0.05 in 2017[22] Assets and Liabilities - Total assets as of December 31, 2018, were $141.547 million, an increase from $113.036 million in 2017[23] - Total liabilities increased to $40.140 million in 2018, compared to $28.735 million in 2017[23] - Total shareholders' equity rose to $101.407 million in 2018, up from $84.301 million in 2017[23] Research and Development - Research and development costs increased to $14.581 million in 2018, up from $13.534 million in 2017[22] - The company has invested significantly in R&D to enhance performance, reduce costs, and improve reliability of its Inspection and Metrology systems[147] Market and Sales - Sales in the Asia Pacific region accounted for approximately 80% of total revenues in 2018, with China representing about 30% of total revenues[40] - The Asia Pacific region accounted for $98.47 million of the total revenue in 2018, representing a 24% increase from $79.11 million in 2017[154] - Sales in the Asia Pacific region accounted for approximately 80% of total revenues in 2018, with 71% of those revenues coming from South Korea, China, and Taiwan[188] Risks and Challenges - The company faces risks from political and economic instability in Asia, which could significantly decline future revenues and adversely affect results of operations and cash flow[40] - The company has experienced significant fluctuations in quarterly operating results, complicating planning processes and reducing predictability of earnings[42][43] - Future acquisitions may lead to integration difficulties, management distraction, and potential impairment charges, which could harm business operations[47] - The company relies on a limited number of suppliers, and disruptions in supply could lead to delays in product delivery and increased costs[49][50] - The sales process for new products may take longer, increasing costs and delaying time to market, which could negatively impact revenues and cash flow[63] - The company has historically incurred significant losses and negative cash flows, raising concerns about sustaining profitable operations in the future[71] - Compliance with evolving data protection laws, such as GDPR, may incur significant costs and impact business prospects[60] - Fluctuations in currency exchange rates may result in additional expenses and affect product competitiveness, impacting profitability[61][62] - The company differentiates its products through intellectual property, but inadequate protection may affect competitive advantage[70] - The company is subject to ongoing costs associated with compliance to the Dodd-Frank Act regarding conflict minerals, which may impact future sales if products are found to contain non-conflict-free minerals[74] - The company faces risks related to operations in Israel, including potential disruptions from regional hostilities and military service obligations for employees[96][104] - The company may be classified as a passive foreign investment company (PFIC), which could adversely affect U.S. shareholders' tax returns and the value of shares[91] - Changes in U.S. federal tax laws could impact the company's operations and investors[93] Corporate Governance - Priortech holds a controlling interest of 41.92% in the company, which may lead to conflicts of interest and affect shareholder voting outcomes[83] - Following the Chroma Transaction, Priortech and Chroma will collectively own approximately 44.5% of the company's shares, indicating joint control[84] - The company is subject to certain restrictions under Israeli law that could delay or prevent a change in control[123] Compliance and Regulations - The company believes it has complied with environmental regulations, and such compliance has not materially affected its financial condition or cash flows[75] - The company has documented and tested its internal control systems to comply with the Sarbanes-Oxley Act, but future effectiveness cannot be guaranteed, which may affect investor confidence and share price[77] - The company’s revenue recognition policy was updated in 2018 to comply with Topic 606, affecting how revenue is recognized from product sales and service contracts[191] Transactions and Acquisitions - The company sold its PCB inspection business unit for a total cash payment of $32 million, with an additional potential payment of up to $3 million based on the unit's financial performance in 2018[129] - The Chroma Transaction involves the acquisition of 6,117,440 shares at $9.5 per share, resulting in Chroma holding approximately 20.5% of the company[132] - The company received government grants totaling $7.0 million as of December 31, 2018, which includes liabilities assumed from Printar[110] Facilities and Operations - The company has operations in the Asia Pacific region, North America, and Europe, with its headquarters located in Israel[127] - The company’s main facilities occupy 84,500 square feet, with 16,000 square feet dedicated to manufacturing[180] - The company completed the expansion of its facilities with a new building of approximately 10,500 square feet in 2018[180] - The company maintains several months' inventory of critical components to meet manufacturing needs during periods of increased demand[160] Shareholder Information - The company's share price has shown significant volatility, ranging from $5.75 to $10.78 between January 1, 2018, and February 28, 2019, which may affect investors' ability to sell shares profitably[79] - The company’s principal shareholder, Priortech, holds 41.92% of the outstanding ordinary shares, subject to dilution upon closing of the Chroma Transaction[177] Accounting Standards - The Company adopted ASU No. 2017-09 early, which amends the scope of modification accounting for share-based payment arrangements[210] - The adoption of ASU No. 2017-09 did not impact the Company's consolidated financial position[210] - The ASU is effective for fiscal years beginning after December 15, 2017[210] - The guidance provided by the ASU relates to changes in terms or conditions of share-based payment awards[210] - The Company is required to apply modification accounting under ASC 718 for certain changes[210] - The early adoption reflects the Company's proactive approach to accounting standards[210] - No impact on results of operations and cash flows was reported due to the adoption[210] - The Company continues to monitor the implications of new accounting standards[210] - The modification accounting is relevant for share-based payment arrangements[210] - The Company remains compliant with the latest accounting standards[210]