Camtek Ltd.

Consolidated Statements of Income

(in thousands, except share data)

Year ended December 31,

Three Months ended December 31,

2022

2021

2022

2021

U.S. dollars

U.S. dollars

Revenues

320,909

269,659

82,175

74,171

Cost of revenues

161,053

132,315

42,229

36,591

Gross profit

159,856

137,344

39,946

37,580

Research and development costs

28,859

23,473

6,684

6,699

Selling, general and administrative expense

49,499

42,973

12,801

11,567

78,358

66,446

19,485

18,266

Operating income

81,498

70,898

20,461

19,314

Financial income, net

6,690

1,030

3,801

119

Income before income taxes

88,188

71,928

24,262

19,433

Income taxes expense

(8,239)

(11,651)

(2,589)

(6,673)

Net income

79,949

60,277

21,673

12,760