2023 Q1 Form 20-F Financial Statement
#000117891323001057 Filed on March 20, 2023
Income Statement
| Concept | 2023 Q1 | 2022 Q4 | 2022 |
|---|---|---|---|
| Revenue | $72.46M | $82.18M | $320.9M |
| YoY Change | -6.1% | 10.79% | 19.01% |
| Cost Of Revenue | $38.59M | $42.23M | $161.1M |
| YoY Change | 3.44% | 15.41% | 21.72% |
| Gross Profit | $33.86M | $39.95M | $159.9M |
| YoY Change | -15.04% | 6.3% | 16.39% |
| Gross Profit Margin | 46.74% | 48.61% | 49.81% |
| Selling, General & Admin | $12.12M | $12.80M | $49.50M |
| YoY Change | -4.27% | 10.67% | 15.19% |
| % of Gross Profit | 35.78% | 32.05% | 30.96% |
| Research & Development | $7.554M | $6.684M | $28.86M |
| YoY Change | -1.6% | -0.22% | 22.95% |
| % of Gross Profit | 22.31% | 16.73% | 18.05% |
| Depreciation & Amortization | $4.094M | ||
| YoY Change | 45.64% | ||
| % of Gross Profit | 2.56% | ||
| Operating Expenses | $19.67M | $19.49M | $78.36M |
| YoY Change | -3.26% | 6.67% | 17.93% |
| Operating Profit | $14.20M | $20.46M | $81.50M |
| YoY Change | -27.3% | 5.94% | 14.95% |
| Interest Expense | $5.110M | $3.801M | $6.690M |
| YoY Change | 707.27% | 3094.12% | 356.34% |
| % of Operating Profit | 36.0% | 18.58% | 8.21% |
| Other Income/Expense, Net | -$864.0K | ||
| YoY Change | 98.17% | ||
| Pretax Income | $19.31M | $24.26M | $88.19M |
| YoY Change | -4.24% | 24.85% | 22.61% |
| Income Tax | $2.060M | $2.589M | $8.239M |
| % Of Pretax Income | 10.67% | 10.67% | 9.34% |
| Net Earnings | $17.25M | $21.67M | $79.95M |
| YoY Change | -6.16% | 69.85% | 32.64% |
| Net Earnings / Revenue | 23.8% | 26.37% | 24.91% |
| Basic Earnings Per Share | $1.81 | ||
| Diluted Earnings Per Share | $0.36 | $0.45 | $1.66 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 44.56M | 44.16K | |
| Diluted Shares Outstanding | 48.23K |
Balance Sheet
| Concept | 2023 Q1 | 2022 Q4 | 2022 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $415.7M | $399.7M | $399.7M |
| YoY Change | 8.47% | 0.43% | 0.43% |
| Cash & Equivalents | $189.2M | $148.2M | $148.2M |
| Short-Term Investments | $226.5M | $251.5M | $251.5M |
| Other Short-Term Assets | $15.03M | $11.16M | $11.16M |
| YoY Change | 117.45% | 97.35% | 268.18% |
| Inventory | $64.54M | $65.54M | $65.54M |
| Prepaid Expenses | $3.832M | ||
| Receivables | $66.30M | $80.61M | $80.61M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $561.6M | $557.0M | $557.0M |
| YoY Change | 6.66% | 7.07% | 7.07% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $35.21M | $33.14M | $33.14M |
| YoY Change | 22.17% | 30.48% | 30.48% |
| Goodwill | $0.00 | ||
| YoY Change | |||
| Intangibles | $597.0K | ||
| YoY Change | -2.13% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $85.97M | $86.39M | $86.39M |
| YoY Change | 69.45% | 129.95% | 129.95% |
| Total Long-Term Assets | $121.8M | $120.1M | $120.1M |
| YoY Change | 51.95% | 88.94% | 88.94% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $561.6M | $557.0M | $557.0M |
| Total Long-Term Assets | $121.8M | $120.1M | $120.1M |
| Total Assets | $683.4M | $677.1M | $677.1M |
| YoY Change | 12.64% | 15.99% | 15.99% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $28.06M | $31.67M | $31.67M |
| YoY Change | -25.93% | -5.61% | -5.61% |
| Accrued Expenses | $17.97M | ||
| YoY Change | 1.14% | ||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $74.45M | $88.50M | $88.50M |
| YoY Change | -18.02% | -1.32% | -1.32% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $196.0M | $195.7M | $195.7M |
| YoY Change | 0.55% | 0.56% | 0.56% |
| Other Long-Term Liabilities | $8.356M | $8.748M | $8.748M |
| YoY Change | 34.25% | 50.83% | 50.83% |
| Total Long-Term Liabilities | $204.4M | $204.5M | $204.5M |
| YoY Change | 1.59% | 2.02% | 2.02% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $74.45M | $88.50M | $88.50M |
| Total Long-Term Liabilities | $204.4M | $204.5M | $204.5M |
| Total Liabilities | $278.8M | $293.0M | $293.0M |
| YoY Change | -4.51% | 0.98% | 0.98% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $198.7M | ||
| YoY Change | 67.31% | ||
| Common Stock | $187.3M | ||
| YoY Change | 5.96% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $1.898M | ||
| YoY Change | 0.0% | ||
| Treasury Stock Shares | $2.092M | ||
| Shareholders Equity | $404.5M | $384.1M | $384.1M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $683.4M | $677.1M | $677.1M |
| YoY Change | 12.64% | 15.99% | 15.99% |
Cashflow Statement
| Concept | 2023 Q1 | 2022 Q4 | 2022 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $17.25M | $21.67M | $79.95M |
| YoY Change | -6.16% | 69.85% | 32.64% |
| Depreciation, Depletion And Amortization | $4.094M | ||
| YoY Change | 45.64% | ||
| Cash From Operating Activities | $57.80M | ||
| YoY Change | -5.18% | ||
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $8.197M | ||
| YoY Change | -296.29% | ||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$142.5M | ||
| YoY Change | 22.84% | ||
| Cash From Investing Activities | -$150.8M | ||
| YoY Change | 25.48% | ||
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | $3.000K | ||
| YoY Change | -100.0% | ||
| NET CHANGE | |||
| Cash From Operating Activities | $57.80M | ||
| Cash From Investing Activities | -$150.8M | ||
| Cash From Financing Activities | $3.000K | ||
| Net Change In Cash | -$93.79M | ||
| YoY Change | -169.17% | ||
| FREE CASH FLOW | |||
| Cash From Operating Activities | $57.80M | ||
| Capital Expenditures | $8.197M | ||
| Free Cash Flow | $49.60M | ||
| YoY Change | -23.85% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
| CY2022 | dei |
Auditor Firm
AuditorFirmId
|
1057 | |
| CY2022 | dei |
Auditor Name
AuditorName
|
Somekh Chaikin | |
| CY2021Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
2092376 | |
| CY2022Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
2092376 | |
| CY2020 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
629000 | usd |
| CY2020 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
64320000 | usd |
| CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4235000 | usd |
| CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5815000 | usd |
| CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
10523000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
384102000 | usd |
| CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
| CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd |
| CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
64288000 | usd |
| CY2020Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
4025000 | |
| CY2020Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
64320000 | usd |
| CY2022 | camt |
Lease Borrowing Rate
LeaseBorrowingRate
|
0.03 | |
| CY2022Q4 | us-gaap |
Weighted Average Rate Domestic Deposit Savings
WeightedAverageRateDomesticDepositSavings
|
0.0422 | |
| CY2021Q4 | us-gaap |
Weighted Average Rate Domestic Deposit Savings
WeightedAverageRateDomesticDepositSavings
|
0.0081 | |
| CY2022Q4 | us-gaap |
Other Inventory Inventory At Off Site Premises
OtherInventoryInventoryAtOffSitePremises
|
5664000 | usd |
| CY2021Q4 | us-gaap |
Other Inventory Inventory At Off Site Premises
OtherInventoryInventoryAtOffSitePremises
|
4259000 | usd |
| CY2022 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P10Y | |
| CY2022Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
200000000 | usd |
| CY2021Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
200000000 | usd |
| CY2022Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
4263000 | usd |
| CY2021Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
5357000 | usd |
| CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
195737000 | usd |
| CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
194643000 | usd |
| CY2022 | camt |
Term Of Debt Issuance Costs Amortization
TermOfDebtIssuanceCostsAmortization
|
P4Y | |
| CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
3701000 | usd |
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
2932000 | usd |
| CY2020Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
4025000 | |
| CY2020Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
64320000 | usd |
| CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.48 | |
| CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0119 | |
| CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
21318 | |
| CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
12.96 | |
| CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
375000 | usd |
| CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-351000 | usd |
| CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
58000 | usd |
| CY2020 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-351000 | usd |
| CY2016Q4 | camt |
Corporate Statutory Tax Rate On2018 And Thereafter
CorporateStatutoryTaxRateOn2018AndThereafter
|
0.075 | |
| CY2022 | camt |
One Time Tax Expense
OneTimeTaxExpense
|
5315000 | usd |
| CY2020 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
0 | usd |
| CY2021 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
714000 | usd |
| CY2022 | camt |
Income Tax Reconciliation Differences Between Israli Currency And Dollar Adjusted Financial Statements Net
IncomeTaxReconciliationDifferencesBetweenIsraliCurrencyAndDollarAdjustedFinancialStatementsNet
|
0 | usd |
| CY2021 | camt |
Income Tax Reconciliation Differences Between Israli Currency And Dollar Adjusted Financial Statements Net
IncomeTaxReconciliationDifferencesBetweenIsraliCurrencyAndDollarAdjustedFinancialStatementsNet
|
0 | usd |
| CY2020 | camt |
Income Tax Reconciliation Differences Between Israli Currency And Dollar Adjusted Financial Statements Net
IncomeTaxReconciliationDifferencesBetweenIsraliCurrencyAndDollarAdjustedFinancialStatementsNet
|
-739000 | usd |
| CY2022Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
2200000 | usd |
| CY2021Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
1853000 | usd |
