Camtek Ltd. (NASDAQ:CAMT) Q3 2022 Earnings Call Transcript

Rafi Amit: That’s the lead time. I mean, you are talking about 16 months to 20 months €“ 20-weeks, and if you go back let’s say a six month or a year ago, I think those lead time extended up to two quarters. So definitely lead times are shorter today by roughly, I would say they have shortened by roughly if you want to get number anywhere a bit around a month and a half to two months. And that’s exactly the difficulty that we have been describing now because having said that, people understand that we can provide machines at around four months and therefore there are less quick to secure the slots. They understand that there are slots, in our manufacturing and therefore this limits our visibility to the first half of next year.

Gus Richard: Got it. Super helpful. And do you have any, supply constraints at this point? Or have the supply chain issues been alleviated?

Rafi Amit: I believe they have been alleviated. There are some issues here and there, there is a missing component here and there, but we are able to get the material that we need. I don’t think that supply chain issues today are, will create any shortages or lack of all the ability to ship any machine. So, I think this is not the, the main issue today, that we have overall, we can get the parts. I think the supply chain in general is getting to, I would say, more reasonable situation.

Gus Richard: Okay. And then, the last one for me, today roughly what is your quarterly revenue capacity?

Rafi Amit: No, I think that we’re not, I think we discussed this in previous calls. We have made a significant investment in a clean room capacity and today the capacity is, it’s not a limitation anymore. We’ve increased our capacity by about 50% where are today able from our facility to ship about $0.5 billion of revenues or in machines. So this is not a limitation anymore.

Gus Richard: Okay. Great. Thank you so much for taking my questions.

Rafi Amit: Thank you, Gus.

Moshe Eisenberg: Okay.

Operator: There are no further questions at this time. Before I ask Mr. Amit to go ahead with his closing statement, I would like to remind participants that a replay of this call will be available on Camtek’s website, www.camtek.co.il beginning tomorrow. Mr. Amit, would you like to make your concluding statement?

Rafi Amit: Yes. I would like to thank to thank you all for your continued interest in our business. Again, I would like to thank all of our employees and my management team for their tremendous performance and we look forward to continue it. To our investor, I think your long-term support; I look forward to talking with you again next quarter. Thank you and goodbye.

Operator: Thank you. This concludes the Camtek third quarter 2022 results conference call. Thank you for your participation. You may go ahead and disconnect.