|
Net income (loss) per ordinary share: | ||||
|
|
Year ended December 31, |
Three Months ended December 31, | ||
|
|
2017 |
2016 |
2017 |
2016 |
|
|
U.S. dollars |
U.S. dollars | ||
|
|
|
|
|
|
|
Basic earnings from continuing operation |
0.05 |
0.02 |
0.09 |
0.02 |
|
|
|
|
|
|
|
Basic earnings (losses) from discontinued operation |
0.35 |
0.11 |
(0.01) |
0.05 |
|
|
|
|
|
|
|
Basic net earnings |
0.4 |
0.13 |
0.08 |
0.07 |
|
|
|
|
|
|
|
Diluted earnings from continuing operation |
0.05 |
0.02 |
0.09 |
0.02 |
|
|
|
|
|
|
|
Diluted earnings (losses) from discontinued operation |
0.34 |
0.11 |
(0.01) |
0.04 |
|
|
|
|
|
|
|
Diluted net earnings |
0.39 |
0.13 |
0.08 |
0.07 |
|
|
|
|
|
|
|
Weighted average number of |
|
|
|
|
|
ordinary shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
Basic |
35,441 |
35,348 |
35,644 |
35,348 |
|
|
|
|
|
|
|
Diluted |
35,964 |
35,376 |
36,094 |
35,396 |
|
(*) The financial results of the PCB business are presented as discontinued operations. | ||||
|
Reconciliation of GAAP To Non-GAAP results | ||||
|
(In thousands, except share data) | ||||
|
|
|
| ||
|
|
Year ended |
Three Months ended | ||
|
December 31, |
December 31, | |||
|
|
2017 |
2016 |
2017 |
2016 |
|
|
U.S. dollars |
U.S. dollars | ||
|
|
|
|
|
|
|
Reported net income (loss) |
13,962 |
4,734 |
2,861 |
2,347 |
|
attributable to Camtek Ltd. | ||||
|
on GAAP basis | ||||
|
Settlement expense, net of tax (1) |
12,025 |
- |
- |
- |
|
Realization of deferred tax assets (2) |
(4,495) |
- |
- |
- |
|
Share-based compensation |
426 |
363 |
150 |
94 |
|
Effect of FIT reorganization (3) |
- |
872 |
- |
- |
|
Acquisition of Sela and Printar related expenses (4) |
- |
183 |
- |
- |
|
Attributable to discontinued operations |
(12,274) |
(3,865) |
465 |
(1,579) |
|
including income from sale of PCB business (5) | ||||
|
Non-GAAP net income |
9,644 |
2,287 |
3,476 |
862 |
|
|
|
|
|
|
|
Non–GAAP net income per share, |
0.27 |
0.06 |
0.1 |
0.02 |
|
basic and diluted | ||||
|
Gross margin on GAAP basis |
48.70% |
41.00% |
47.70% |
46.90% |
|
Reported gross profit on GAAP basis |
45,519 |
32,490 |
12,325 |
10,089 |
|
Share-based compensation |
44 |
31 |
16 |
5 |
|
Effect of FIT reorganization (3) |
- |
4,931 |
- |
- |
|
Non-GAAP gross margin |
48.70% |
47.30% |
47.80% |
46.90% |
|
Non-GAAP gross profit |
45,563 |
37,452 |
12,341 |
10,094 |
|
|
|
|
|
|
|
Reported operating income (loss) |
(3,037) |
2,019 |
3,683 |
1,104 |
|
attributable to Camtek Ltd. on GAAP basis | ||||
|
Settlement expense (1) |
13,000 |
- |
- |
- |
|
Share-based compensation |
426 |
363 |
150 |
94 |
|
Effect of Fit reorganization (3) |
- |
872 |
- |
- |
|
Non-GAAP operating income |
10,389 |
3,254 |
3,833 |
1,198 |
