MIGDAL HAEMEK, ISRAEL -- AOI maker Camtek reported March quarter revenues rose 90% year-over-year to $17.6 million.

For the three months ended March 31, the inspection equipment provider said the net loss was $900,000, an improvement from last year's net loss of $5.5 million.

General manager Roy Porat said, "We are happy with our first-quarter results. Although results are normally seasonally weaker in the first quarter than those of the fourth quarter, they, in fact, improved and are in line with our strong expectations, demonstrating the solid footing underlying the recovery."

Camtek guided for second-quarter revenues of $20 million to $22 million and said it anticipates second-half growth.

"We can definitely say that the markets we operate in are now all in a high utilization mode and customers are actively expanding their capacity by investing in capital equipment," Porat said.

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