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Camtek Ltd., announced that its revenues for the first quarter exceeded expectations, and it expects to report first quarter revenues of approximately $77 million.
Furthermore, despite the negative global geopolitical environment and a recurring outbreak of the Covid-19 in the world, the Company had a strong quarter in terms of order momentum and has received orders of more than $110 million during the first quarter of 2022. The great majority of these orders are expected to be shipped later in 2022. The orders were received from a broad range of customers and will be used for various applications such as Advanced Interconnect Packaging including DRAM, Front End, compound semiconductors and CIS.
Rafi Amit, Chief Executive Officer, commented, “I am pleased with the solid first quarter revenue level which is ahead of our initial expectations and I am particularly satisfied with the strong order flow since the beginning of the year. This strengthens our expectations for another record year with year-over-year revenue growth of mid to high teens.”
Camtek will release its first quarter financial results on May 12 and will hold an investor conference call on the same date.