Investor Presentaiton
Reconciliation from GAAP to Non-GAAP (cont'd)
Camtek
See Beyond
$ in millions (except per share data)
FY2019
FY2020 FY2021 FY2022 FY2023
Gross profit (GAAP)
$64.8
$73.3
$137.3 $159.9 $147.6
% of revenue
48.30%
47.00% 50.90% 49.80% 46.80%
Share based compensation
0.3
0.4
0.6
1.2
1.6
Acquisition of FRT related expenses
3.5
Gross profit (non-GAAP)
$65.1
$73.8
$138.0 $161.1 $152.7
Gross margin (% of revenue)
48.60%
47.30%
51.20% 50.20% 48.40%
Operating income (GAAP)
$22.0
$22.60
$70.90 $81.5 $65.4
% of revenue
16.40%
15.50%
26.30% 25.40% 20.70%
Share based compensation
2.9
4.2
5.8
10.5
125
Acquisition of FRT related expenses
5.4
Chroma transaction expenses
(2)
0.1
Operating income (non-GAAP)
$25.0
$26.8
$76.7 $92.0 $83.3
Operating margin (% of revenue)
18.70%
17.20%
28.44% 28.70% 26.40%
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