Net income per ordinary share: | ||||||
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| Nine months ended
| Three months ended September 30, | Year ended December 31, | ||
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| 2020 | 2019 | 2020 | 2019 | 2019 |
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| U.S. dollars | U.S. dollars | U.S. dollars | ||
Basic earnings from continuing operation |
|
0.36 |
0.43 |
0.15 |
0.11 |
0.55 |
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| ||||||
Basic earnings from discontinued operation |
|
- |
0.03 |
- |
- |
0.03 |
|
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Basic net earnings |
| 0.36 | 0.47 | 0.15 | 0.11 | 0.58 |
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Diluted earnings from continuing operation |
|
0.35 |
0.43 |
0.15 |
0.11 |
0.54 |
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Diluted earnings from discontinued operation |
|
- |
0.03 |
- |
- |
0.03 |
|
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Diluted net earnings |
| 0.35 | 0.46 | 0.15 | 0.11 | 0.57 |
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Weighted average number of |
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ordinary shares outstanding |
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(in thousands): |
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| ||||||
Basic |
| 38,957 | 37,286 | 39,176 | 36,300 | 37,626 |
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| ||||||
Diluted |
| 39,878 | 38,064 | 40,066 | 36,941 | 37,432 |
Reconciliation of GAAP To Non-GAAP results | |||||
(In thousands, except share data) | |||||
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| Nine Months ended
| Three Months
| Year ended
| ||
|
| 2020 | 2019 | 2020 | 2019 | 2019 |
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| U.S. dollars | U.S. dollars | U.S. dollars | ||
|
| |||||
| Reported net income attributable to Camtek Ltd. on GAAP basis
| 14,112 | 17,379 | 6,024 | 4,163 | 21,986 |
| Share-based compensation | 3,053 | 2,068 | 1,285 | 818 | 2,892 |
| Chroma transaction expenses (1) | - | 136 | - | 63 | 136 |
| Attributable to discontinued operations | - | (1,163) | - | - | (1,163) |
|
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|
|
| Non-GAAP net income | 17,165 | 18,420 | 7,309 | 5,044 | 23,851 |
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| Non–GAAP net income per diluted share
| 0.43 | 0.48 | 0.18 | 0.13 | 0.62 |
| Gross margin on GAAP basis from continuing operations |
46.6% |
48.5% |
48.5% |
46.9% |
48.3% |
| Reported gross profit on GAAP basis
| 49,925 | 48,943 | 19,425 | 15,218 | 64,784 |
| Share-based compensation | 308 | 207 | 120 | 85 | 292 |
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| Non- GAAP gross margin | 50,233 | 49,150 | 19,545 | 15,303 | 65,076 |
| Non-GAAP gross profit | 46.8% | 48.8% | 48.8% | 47.1% | 48.6% |
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Reported operating income attributable to Camtek Ltd. on GAAP basis from continuing operations |
14,599 |
17,384 |
6,321 |
4,373 |
21,972 |
| Share-based compensation | 3,053 | 2,068 | 1,285 | 818 | 2,892 |
| Chroma transaction expenses (1) | - | 136 | - | 63 | 136 |
| Non-GAAP operating income | 17,652 | 19,588 | 7,606 | 5,254 | 25,000 |
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| (1) In the second and third quarters of 2019, certain transaction expenses were incurred in relation to the technological cooperation agreement with Chroma. These were recorded under operating expenses | |||||
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