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Revenue fell 45 percent to $12.5 million for the second quarter from $22.7 million for the corresponding quarter of 2008, but was 34 percent higher than the $9.3 million for the preceding quarter. Operating loss quadrupled to $2.1 million for the second quarter from $487,000 for the corresponding quarter. Net loss also quadrupled to $2.1 million ($0.07 per share) for the second quarter from $498,000 for the corresponding quarter. The net loss was more than halved from the loss of $5.5 million for the preceding quarter. Camtek CEO Rafi Amit said, "Looking ahead, despite the tough business environment we operate in, we continue to invest in R&D, in order to improve performances of our current product lines, as well as to develop new products. We estimate that revenues in the third quarter will be slightly higher than those of the second quarter." Camtek closed at $1.14 on Nasdaq yesterday, giving a market cap of $33 million. The share fell 7.9 percent by mid-afternoon on the TASE today to NIS 4.44. The share has risen 330 percent on the TASE since the beginning of the year. To see more of the Globes or to subscribe to the newspaper, go to http://www.globes-online.com. Copyright (c) 2009, Globes, Tel Aviv, Israel Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. For full details for CAMT click here.
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