MIGDAL HAEMEK, ISRAEL -- Camtek Ltd. announced results for the third quarter ending September 30, 2008. Revenues for Q3 2008 were $19.1 million, 5% below $20.2 million in Q3 2007 and 16% below the $22.7 million reported in the Q2 2008.
Gross profit in the 2008 third quarter was $6.5 million, or 34.2% of revenues, and included an inventory write-off of $1.5 million. Camtek reported a third quarter net loss of $4 million, or $0.14 per share.
MELVILLE, NY --Park Electrochemical Corp. announced a workforce reduction at its Neltec, Inc. electronic materials business unit located in Tempe, Arizona. The number of jobs being cut was not disclosed.
In September, Park also made an unspecified number of cuts to the Nelco Products business unit.
As a result of the Neltec cuts the company anticipates a Q3 charge of less than $100,000 for employment termination benefits for the company’s current fiscal year ending March 1, 2009.