| Income Statement for Camtek Ltd. (CAMT) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 70,969 | 100,055 | 63,032 | 67,419 | 31,141 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (40,633) | (46,882) | (31,996) | (30,486) | (15,940) | | Gross Operating Profit | 30,336 | 53,173 | 31,036 | 36,933 | 15,201 | | | Selling/General/Admin Expense | (24,119) | (27,850) | (18,760) | (15,953) | (10,041) | | Research & Development | (12,111) | (11,831) | (8,469) | (7,328) | (5,855) | | EBITDA | (5,894) | 13,492 | 3,807 | 13,652 | (695) | | Depreciation & Amortization | (1,307) | (1,560) | (785) | (875) | (884) | | EBIT | (7,201) | 11,932 | 3,022 | 12,777 | (1,579) | | Interest Income | 311 | 795 | - | - | 235 | | Other Income, Net | (119) | (661) | - | (359) | - | | Total Income Avail For Interest Expense | (7,009) | 12,066 | 3,022 | 11,296 | (1,344) | | Interest Expense | (320) | (422) | (320) | - | - | | Pre-Tax Income | (7,329) | 11,644 | 2,702 | 11,296 | (1,344) | | Income Taxes | (362) | (41) | - | (499) | (225) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (7,691) | 11,603 | 2,702 | 10,797 | (1,569) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (7,691) | 11,603 | 2,702 | 10,797 | (1,569) | | | Normalized Income | (7,691) | 11,603 | 2,702 | 11,919 | (1,569) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (1,122) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (7,691) | 11,603 | 2,702 | 10,797 | (1,569) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.25 | 0.40 | 0.10 | 0.40 | -0.06 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.25 | 0.40 | 0.10 | 0.40 | -0.06 | | | Diluted EPS from Continuing Operations | -0.25 | 0.39 | 0.10 | 0.39 | -0.06 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.25 | 0.39 | 0.10 | 0.39 | -0.06 | | | |