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Camtek Ltd. | |
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Reconciliation of GAAP To Non-GAAP results |
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(In thousands, except share data) |
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Nine Months ended |
Three Months ended |
Year ended | ||
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September 30, |
September 30, |
December 31, | ||
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2014 |
2013 |
2014 |
2013 |
2013 |
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U.S. dollars |
U.S. dollars |
U.S. dollars | ||
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Reported net income (loss) attributable to Camtek Ltd. on GAAP basis |
3,269 |
(653) |
618 |
(122) |
7 |
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Acquisition of Sela and Printar related expenses (1) |
639 |
1,517 |
227 |
523 |
(1,949) |
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Inventory and fixed asset write- downs (2) |
- |
- |
- |
- |
4,433 |
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Share-based compensation |
233 |
429 |
102 |
144 |
377 |
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Realization of deferred tax assets (3) |
- |
- |
- |
- |
(1,287) |
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Employee related charges |
- |
- |
- |
- |
490 |
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Non-GAAP net income |
4,141 |
1,293 |
947 |
545 |
2,071 |
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Non –GAAP net income per share , basic and diluted |
0.14 |
0.04 |
0.03 |
0.02 |
0.07 |
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Gross margin on GAAP basis |
46.6% |
44.6% |
44.4% |
44.6% |
40.3% |
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Reported gross profit on GAAP basis |
31,567 |
27,709 |
9,969 |
9,687 |
34,402 |
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Acquisition of Sela and Printar related expenses ( 1) |
- |
225 |
- |
75 |
225 |
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Inventory write-downs (2) |
- |
- |
- |
- |
3,915 |
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Share-based compensation |
33 |
50 |
9 |
22 |
55 |
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Employee related charges (4) |
- |
- |
- |
- |
25 |
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Non- GAAP gross margin |
46.7% |
45.1% |
44.5% |
45.0% |
45.2% |
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Non-GAAP gross profit |
31,600 |
27,984 |
9,978 |
9,784 |
38,622 |
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Reported operating income (loss) attributable to Camtek Ltd. on GAAP basis |
4,776 |
1,440 |
1,042 |
600 |
1,136 |
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Acquisition of Sela and Printar related expenses (1) |
- |
225 |
- |
75 |
(3,241) |
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Inventory and fixed asset write- downs (2) |
- |
- |
- |
- |
4,433 |
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Share-based compensation |
200 |
429 |
93 |
144 |
377 |
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Employee related charges |
- |
- |
- |
- |
490 |
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Non-GAAP operating income |
4,976 |
2,094 |
1,135 |
819 |
3,195 |
