Camtek (CAMT) has released an update.
Camtek Ltd. reports a strong second quarter in 2024 with record revenues of $102.6 million, a 39% increase from the previous year, and anticipates continued growth with third-quarter revenue projections of $107-110 million. The company’s success is attributed to the robust demand for high-performance computing applications, which now make up over half of their business. Camtek’s financial performance also includes significant year-over-year increases in GAAP and non-GAAP operating income, alongside a solid operating cash flow.
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