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Camtek's CEO Rafi Amit said, "While implementing this reduction plan, we remained focused on preserving our R&D capabilities in order to position ourselves for the future recovery of our markets."
Camtek first announced its streamlining plan in November, when it fired dozens of workers worldwide including 40 in Israel. Last August the company had been warned by Nasdaq's management that its share may be withdrawn from the market after it had traded for more than 30 consecutive days at less than $1.
Camtek's share closed at $0.34 on Nasdaq yesterday giving a market cap of $10 million. The share was down 4 percent at NIS 1.45 by mid-afternoon on the TASE today.
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