Camtek Announces Third Quarter 2014 Results

 

(1)

During the three and nine months ended September 30, 2014 and 2013 and the twelve months ended December 31, 2013, the Company recorded acquisition expenses (income) of $0.2 million, $0.6 million, $0.5 million, $1.5 million and $(1.9) million, respectively, consisting of: (1) Revaluation adjustments of $0.2 million, $0.6 million, $0.4 million, $1.3 million and $(2.2) million, respectively, of contingent consideration and certain future liabilities recorded at fair value. These amounts are recorded under the finance expenses line item and (2) $0, $0, $0.07 million, $0.23 million and $0.2 million, respectively, with respect to amortization of intangible assets acquired recorded under the cost of revenues line item.



(2)

During the three months and nine months ended September 30, 2014 and 2013, and the twelve months ended December 31, 2013, the Company recorded inventory and fixed asset write downs in the amount of $0 million, $0 million, $0 million, $0 million, and $4.4 million, respectively.



(3)

During the three and nine months ended September 30, 2014 and 2013 and the twelve months ended December 31, 2013, the Company recorded net income of $0, $0, $0, $0 and $1.3 million, respectively, as a result of a decrease in the valuation allowance on deferred tax assets following the evaluation of the realizability of the assets based on projected future earnings.



(4)

During the three and nine months ended September 30, 2014 and 2013 and the twelve months ended December 31, 2013, the Company recorded net employee related expenses of $0, $0, $0, $0  and $0.5 million, respectively, as a result of internal reorganization.

CAMTEK LTD.

Moshe Eisenberg, CFO

Tel: +972 4 604 8308

Mobile: +972 54 900 7100

moshee@camtek.co.il

INTERNATIONAL INVESTOR RELATIONS

GK Investor Relations

Ehud Helft / Gavriel Frohwein
Tel: (US) 1 646 688 3559

camtek@gkir.com

SOURCE Camtek Ltd.

Contact:
Camtek Ltd.
Web: http://www.camtek.co.il



« Previous Page 1 | 2 | 3 | 4 | 5             



Review Article Be the first to review this article

Harris

Featured Video
Jobs
Mapping & GIS Sales Rep for California Surveying & Drafting Supply at Sacramento, CA
Analyst Programmer for Palm Beach County at West Palm Beach, FL
Architectural Designer for Champion Home Builders at Troy, MI
Upcoming Events
Intergeo 2017 at Berlin Germany - Sep 26 - 28, 2017
2017 South Florida GIS Expo at Palm Beach County Convention Center 650 Okeechobee Blvd West Palm Beach FL - Sep 28 - 29, 2017
2nd International Conference on GIS and Remote Sensing (GIS Congress-2017) at Vienna, Austria Vienna Vienna Austria - Oct 2 - 3, 2017
Drone World Expo at San Jose Convention Center CA - Oct 3 - 4, 2017
Teledyne Optech
University of Denver GIS Masters Degree Online



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise