Camtek Ltd.
Consolidated Statements of Operations
(in thousands, except share data)
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| Year ended December 31, |
| Three Months ended December 31, | ||
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| 2019 | 2018 |
| 2019 | 2018 |
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| U.S. dollars |
| U.S. dollars | ||
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Revenues | 134,019 | 123,174 |
| 33,201 | 33,174 |
Cost of revenues | 69,235 | 62,378 |
| 17,360 | 16,457 |
Gross profit | 64,784 | 60,796 |
| 15,841 | 16,717 |
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Research and development costs | 16,331 | 14,581 |
| 4,440 | 4,125 |
Selling, general and administrative expense | 26,481 | 26,182 |
| 6,813 | 6,390 |
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| 42,812 | 40,763 |
| 11,253 | 10,515 |
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Operating income | 21,972 | 20,033 |
| 4,588 | 6,202 |
Financial income, net | 801 | 728 |
| 461 | 237 |
Income before income taxes | 22,773 | 20,761 |
| 5,049 | 6,439 |
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Income taxes (expense) | (1,950) | (2,030) |
| (442) | (666) |
Net income from continuing operations | 20,823 | 18,731 |
| 4,607 | 5,773 |
Discontinued operations * |
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Income from discontinued operations |
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Income before tax expense | 1,257 | - |
| - | - |
Income taxes (expense) | (94) | - |
| - | - |
Income from discontinued operations | 1,163 | - |
| - | - |
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Net income | 21,986 | 18,731 |
| 4,607 | 5,773 |
