Camtek Announces Strong Growth in First Quarter 2011 Results

Camtek CAMT today announced its financial results for the quarter ended March 31, 2011. Main Financial Highlights of the First Quarter - Revenues of $27.5 million, representing a sequential quarterly increase of 8% and a year-over-year increase of 56%. - Non-GAAP gross margin of 47.0% for the quarter compared with 41.0% in the first quarter of last year; GAAP gross margin of 46.6% for the current quarter. - Both non-GAAP operating income and net income of $3.1 million in the quarter; GAAP operating income of $3.0 million and GAAP net income of $2.4 million. - Non-GAAP earnings per diluted share of $0.10; GAAP earnings per diluted share of $0.08.