CamTual Dual is traded on the Nasdaq and the Tel Aviv Stock Exchange announced today that its revenues for the first quarter were higher than expected, and that it is expected to report revenues of approximately $ 77 million for the first quarter.
Moreover, despite a negative and challenging geopolitical environment and a resurgence of the corona plague worldwide, the company concludes a strong quarter in terms of order pace, with orders over $ 110 million in the first quarter of 2022, the vast majority for the rest of 2022. Orders were received from a wide range of customers For a variety of applications including advanced enclosures, DRAMs, front-end testing, and camera sensors (CIS).
Rafi Amit, CEO of CamTech, said: “I am pleased with the level of revenue for the first quarter, which was above our initial forecasts, and especially with the strong flow of orders from the beginning of the year. These data reinforce our assessment that 2022 will be another record year for Camtech with annual double-digit revenue growth of mid to high teens. “