MIGDAL HA’EMEK, ISRAEL – Camtek Ltd. announced first-quarter revenues of $9.3 million, down 56.3% year-over-year and 25% sequentially. Sales continue to be negatively impacted by the global recession.
Gross profit was 37%, compared to 44.5% year-over-year and 24% in the fourth quarter.
Net loss for the quarter was $5.5 million, or $0.19 per share, influenced by the considerably lower revenues and legal expenses of approximately $2.0 million.