Camtek Ltd. (NASDAQ:CAMT) Q3 2019 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 10:00 am ET


Camtek Ltd. (NASDAQ:CAMT) Q3 2019 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by. Welcome to Camtek's Third Quarter 2019 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

You should have all received by now the Company's press release. If you have not received it, please contact Camtek's Investor Relations team at GK Investor & Public Relations at 1646 688 3559 or view it in the News section of the Company's website,

I would now like to hand over the call to Mr. Ehud Helft of GK Investor Relations. Mr. Helft, would you like to begin?

Ehud Helft

Yes. Thank you, operator. Good day to all of you. I would like to welcome all of you to Camtek's third quarter 2019 results conference call, and I would also like to thank Camtek's management for hosting this call. With us on the line today are Mr. Rafi Amit, Camtek's CEO; Mr. Moshe Eisenberg, Camtek's CFO; and Mr. Ramy Langer, Camtek's COO. Rafi will provide the overview of Camtek results and discuss market trends, and Moshe will then summarize the financial results of the quarter. We will then open the call to your questions.

Before we begin, I would like to remind our listeners that certain information provided on this call are internal Company estimates, unless otherwise specified. This call also contains statements concerning Camtek's future prospects that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Camtek's management. For example of forward-looking statements, please refer to the forward-looking statements paragraph in the press release that we published earlier today.

These forward-looking statements are only predictions and may change as time passes. They are subject to risks and uncertainties that may cause actual results to differ materially, among them risks relating to changing industry and market trends, reduced demand for Camtek services and products, the timely development of new services and products and the reduction by the market, increased competition in the industry and price reductions, as well as risks and uncertainties identified from time to time in Camtek's annual report on Form 20-F and Camtek's other filing with the SEC that represents Camtek's view only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. Camtek does not assume any obligation to update any forward-looking statements.

In addition, during this call, certain non-GAAP financial measures will be discussed. These are used by management to make strategic decisions, forecast future results and evaluate the Company's current performance. Management believes that the presentation of non-GAAP financial measures is useful to investor understanding and assessment of the Company's ongoing core operation and prospects for the future. A full reconciliation of non-GAAP to GAAP financial measures is included in today's earnings release.

And now, I'd like to hand over the call to Rafi, Camtek's CEO. Rafi, go ahead, please.

Rafi Amit

Thank you. Good morning, and thank you for joining