According to FUNDER website data,
156 mutual funds hold Allot shares in the amount of NIS 121.55 million
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in the holdings of mutual funds in the CamTech share according to FUNDER-MVF data.
CamTech Company (NASDAQ and Tel Aviv Stock Exchange: CAMT), Published its financial results for the fourth quarter and for the year 2020, which ended on December 31, 2020.
Highlights for the fourth quarter results of 2020:
• Revenues of approximately $ 48.6 million, an increase of 46% compared to the corresponding quarter last year;
• GAAP operating profit was $ 8.0 million and non-GAAP operating profit was $ 9.2 million, accounting for 16.5% and 18.9% profitability, respectively;
• GAAP-based net income was $ 7.7 million and non-GAAP net income was $ 8.8 million;
• Strong cash flow from operating activities in the amount of $ 8.3 million
Emphasis for the results of 2020:
• Revenues in 2020 totaled $ 155.9 million; An increase of 16% compared to last year;
• GAAP-based operating profit was $ 22.6 million; Non-GAAP operating income was $ 26.8 million, accounting for 14.5% and 17.2%, respectively;
• GAAP net income was $ 21.8 million; Non-GAAP net income was $ 26.0 million;
• Strong cash flow from operating activities of $ 25.8 million in 2020 which along with successful capital raising in November resulted in a short-term cash and deposit balance of $ 177.8 million.
forecast
The company’s management expects continued revenue growth in the first quarter of 2021, with revenue of $ 54-56 million. In the last two weeks alone, the company has received significant orders totaling $ 25 million. Orders received so far, along with sales, point to a strong revenue forecast for the first half of 2021. The company’s management expects revenue of over $ 110 million in the first half of 2021, an increase of at least 65% over the first half of 2020.
Management response
Rafi Amit, CEO of CamTech, told FUNDER that : “The fourth quarter sums up a great year for CamTech. We started 2020 with a lot of concerns stemming from the corona virus epidemic, but ended the year with unprecedented business momentum. We leveraged our flexible operational infrastructure and expanded our field support team to successfully grow.
“In 2020, we expanded our presence in the market by penetrating new customers alongside expanding our presence among existing customers. Financially, in the second half of 2020 we experienced an improvement in profitability rates, a trend we anticipate will continue into 2021.”
Mr. Amit concluded, “2021 started with strong momentum and we expect it to be a record year in terms of sales and growth, alongside an improvement in profitability.”
Financial results for the fourth quarter of 2020
CamTech’s revenues in the fourth quarter of 2020 amounted to $ 48.6 million, an increase of 46% compared to revenues of $ 33.2 million in the fourth quarter of 2019.
GAAP gross profit in the fourth quarter of 2020 was $ 23.3 million (47.9% of revenue), an increase of 47% compared to gross profit of $ 15.8 million (47.7% of revenue) in the fourth quarter of 2019.
Gross profit on a non-GAAP basis in the fourth quarter of 2020 was $ 23.4 million (48.2% of revenue), an increase of 47% compared to a gross profit of $ 15.9 million (48.0% of revenue) in the fourth quarter of 2019.
GAAP operating profit in the fourth quarter of 2020 was $ 8.0 million (16.5% of revenue), an increase of 75% compared to operating profit of $ 4.6 million (13.8% of revenue) in the fourth quarter of 2019.
Non-GAAP operating income for the fourth quarter of 2020 was $ 9.2 million (18.9% of revenue), an increase of 70% compared to non-GAAP operating profit of $ 5.4 million (16.3% of revenue) in the fourth quarter of 2019.
GAAP net income in the fourth quarter of 2020 totaled $ 7.7 million or 18 cents per fully diluted share, compared to GAAP net income of $ 4.6 million or 12 cents per fully diluted share in the fourth quarter of 2019.
Net income on a non-GAAP basis in the fourth quarter of 2020 totaled $ 8.8 million or 21 cents per fully diluted share, compared to non-GAAP net income of $ 5.4 million or 14 cents per fully diluted share in the fourth quarter of 2019.
Financial results for 2020
CamTech’s revenues for 2020 totaled $ 155.9 million, an increase of 16.3% compared to revenues of $ 134.0 million in 2019.
GAAP-based gross profit was $ 73.2 million (47.0% of revenue), an increase of 13% compared to $ 64.8 million (48.3% of revenue) in 2019.
Non-GAAP gross profit was $ 73.7 million (47.3% of revenue), an increase of 13% compared to $ 65.1 million (48.6% of revenue) in 2019.
GAAP-based operating income was $ 22.6 million (14.5% of revenue), compared to operating income of $ 22.0 million (16.4% of revenue) in 2019.
Non-GAAP operating income was $ 26.8 million (17.2% of revenue), an increase of 8% compared to operating income of $ 25.0 million (18.7% of revenue) in 2019.
GAAP net income totaled $ 21.8 million or 54 cents per fully diluted share, compared to net income of $ 22.0 million or 57 cents per fully diluted share in 2019.
Net earnings on a non-GAAP basis totaled $ 26.0 million or 64 cents per fully diluted share, a 9% increase compared to net income of $ 23.9 million or 62 cents per fully diluted share in 2019.
As of December 31, 2020, Camtech had $ 177.8 million in cash, cash equivalents and short-term deposits, compared to $ 89.5 million on December 31, 2019, and compared to $ 106.0 million on September 30, 2020.
During the fourth quarter, the Company generated a positive cash flow of $ 8.3 million and raised net capital of $ 64.3 million through an issue of shares.