Camtek Ltd.
Consolidated Statements of Operations
(In thousands, except share data)
|
|
|
|
|
|
|
| Year ended December 31, | Three Months ended December 31, | ||
|
| 2018 | 2017 | 2018 | 2017 |
|
| U.S. dollars | U.S. dollars | ||
Revenues | 123,174 | 93,485 | 33,174 | 25,844 |
Cost of revenues | 62,378 | 47,966 | 16,457 | 13,519 |
|
|
|
|
|
|
Gross profit | 60,796 | 45,519 | 16,717 | 12,325 |
|
|
|
|
|
|
|
|
|
|
|
|
Research and development costs | 14,581 | 13,534 | 4,125 | 3,467 |
Selling, general and administrative expenses | 26,182 | 22,022 | 6,390 | 5,175 |
Litigation settlement expenses | - | 13,000 | - | - |
|
| 40,763 | 48,556 | 10,515 | 8,642 |
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) | 20,033 | (3,037) | 6,202 | 3,683 |
|
|
|
|
|
|
Financial income (expenses), net | 728 | (150) | 237 | 49 |
|
|
|
|
|
|
Income (loss) before income taxes | 20,761 | (3,187) | 6,439 | 3,732 |
|
|
|
|
|
|
Income taxes (expense) | (2,030) | 4,875 | (666) | (406) |
|
|
|
|
|
|
Net income from continuing operations | 18,731 | 1,688 | 5,773 | 3,326 |
|
|
|
|
|
|
|
|
|
|
|
|
Discontinued operations * |
|
|
|
|
Income from discontinued operations |
|
|
|
|
Income before tax expense | - | 18,302 | - | - |
Income taxes (expense) | - | (6,028) | - | (465) |
Income (loss) from discontinued operations | - | 12,274 | - | (465) |
|
|
|
|
|
|
| Net income | 18,731 | 13,962 | 5,773 | 2,861 |
