Exhibit 99.1

Camtek Ltd.

and its Subsidiaries

Interim Condensed Consolidated

Financial Statements

As of June 30, 2021

(Unaudited)

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Financial Statements as at June 30, 2021

Contents

	Page
Interim Unaudited Condensed Consolidated Balance Sheets	F-3
Interim Unaudited Condensed Consolidated Statements of Operations	F-4
Interim Unaudited Condensed Consolidated Statements of Shareholders’ Equity	F-5
Interim Unaudited Condensed Consolidated Statements of Cash Flows	F-6
Notes to the Interim Unaudited Condensed Consolidated Financial Statements	F-7 to F-13

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Balance Sheets

					June 30,				December 31,
					2021				2020
		Note			U.S. Dollars (in thousands)
Assets
Current assets
Cash and cash equivalents		5A				80,339				105,815
Short-term deposits						109,000				72,000
Trade accounts receivable, net						60,259				41,001
Inventories		5B				54,346				39,736
Other current assets		5C				4,411				3,366
Total current assets						308,355				261,918
Long term deposits						10,000				-
Long term inventory		5B				4,694				4,416
Deferred tax assets						-				482
Other assets, net						119				85
Property, plant and equipment, net		5D				20,377				20,398
Intangible assets, net		5E				602				609
						35,792				25,990
Total assets						344,147				287,908
Liabilities and shareholders’ equity
Current liabilities
Trade accounts payable						32,980				27,180
Other current liabilities		5F				48,348				30,204
Total current liabilities						81,328				57,384
Long term liabilities
Deferred tax liabilities, net						186				-
Other long-term liabilities						3,470				3,260
						3,656				3,260
Total liabilities						84,984				60,644
Shareholders’ equity
Ordinary shares NIS 0.01 par value, 100,000,000 shares authorized at June 30, 2021 and at December 31, 2020;
45,804,862 issued shares at June 30, 2021 and 45,365,354 at December 31, 2020;
43,712,486 shares outstanding at June 30, 2021 and 43,272,978 at December 31, 2020;		3				172				171
Additional paid-in capital						173,383				170,497
Retained earnings						87,506				58,494
						261,061				229,162
Treasury stock, at cost (2,092,376 as of June 30, 2021 and December 31, 2020)						(1,898	)			(1,898	)
Total shareholders' equity						259,163				227,264
Total liabilities and shareholders' equity						344,147				287,908

The accompanying notes are an integral part of these interim unaudited condensed consolidated financial statements.

F - 3

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Statements of Operations

(In thousands, except per share data)

					Six months ended June 30,								Three months ended June 30,								Year ended December 31,
					2021				2020				2021				2020				2020
		Note			U.S. dollars								U.S. dollars								U.S. dollars
Revenues		4				124,802				67,179				67,450				37,000				155,859
Cost of revenues						60,831				36,679				32,456				20,057				82,628
Gross profit						63,971				30,500				34,994				16,943				73,231
Research and development costs						11,244				8,884				5,766				4,754				19,575
Selling, general and
administrative expenses		6A				21,288				13,338				12,188				6,779				31,032
						32,532				22,222				17,954				11,533				50,607
Operating income						31,439				8,278				17,040				5,410				22,624
Financial income, net		6B				562				651				176				276				775
Income from continuing
operations before taxes						32,001				8,929				17,216				5,686				23,399
Income tax expense						(2,989	)			(841	)			(1,564	)			(378	)			(1,621	)
Net income						29,012				8,088				15,652				5,308				21,778

Basic net earnings						0.67				0.21				0.36				0.14				0.55
Diluted net earnings						0.65				0.20				0.35				0.13				0.54
Weighted average number of
ordinary shares outstanding
(in thousands):
Basic						43,450				38,877				43,609				39,033				39,383
Diluted						44,612				39,785				44,750				39,945				40,372

The accompanying notes are an integral part of these interim unaudited condensed consolidated financial statements.

F - 4

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Statements of Shareholders’ Equity

		Ordinary Shares								Number of								Additional								Total
		NIS 0.01 par value								Treasury				Treasury				paid-in				Retained				shareholders'
		Number of				U.S. Dollars				Shares				capital				earnings				capital				equity
		Shares Issued				(in thousands)				U.S. Dollars (in thousands)
Balances at
December 31, 2019			40,742,355				157				(2,092,376	)			(1,898	)			101,327				36,716				136,302
Share-based
compensation
expense			-				-				-				-				817				-				817
Exercise of share
options			23,557				*				-				-				58				-				58
Net income			-				-				-				-				-				2,780				2,780
Balances at
March 31, 2020			40,765,912				157				(2,092,376	)			(1,898	)			102,202				39,496				139,957
Share-based
compensation
expense			-				-				-				-				951				-				951
Exercise of share
options			358,802				1				-				-				275				-				276
Net income			-				-				-				-				-				5,308				5,308
Balances at
June 30, 2020			41,124,714				158				(2,092,376	)			(1,898	)			103,428				44,804				146,492
Issuance of shares			4,025,000				12				-				-				64,308				-				64,320
Exercise of share
options			215,640				1				-				-				294				-				295
Share-based
compensation
expense			-				-				-				-				2,467				-				2,467
Net income			-				-				-				-				-				13,690				13,690
Balances at
December 31, 2020			45,365,354				171				(2,092,376	)			(1,898	)			170,497				58,494				227,264
Share-based
compensation
expense			-				-				-				-				1,211				-				1,211
Exercise of share
options			57,227				*				-				-				161				-				161
Net income			-				-				-				-				-				13,360				13,360
Balances at
March 31, 2021			45,422,581				171				(2,092,376	)			(1,898	)			171,869				71,854				241,996

Share-based
compensation
expense			-				-				-				-				1,470				-				1,470
Exercise of share
options			382,281				1				-				-				44				-				45
Net income			-				-				-				-				-				15,652				15,652
Balances at
June 30, 2021			45,804,862				172				(2,092,376	)			(1,898	)			173,383				87,506				259,163

The accompanying notes are an integral part of these interim unaudited condensed consolidated financial statements.

F - 5

Camtek Ltd. and its Subsidiaries

Interim Unaudited Condensed Consolidated Statements of Cash Flows

(In thousands)

		Six months ended June 30,								Three months ended June 30,								Year ended December 31,
		2021				2020				2021				2020				2020
		U.S. dollars								U.S. dollars								U.S. dollars
Cash flows from operating activities:
Net income			29,012				8,088				15,652				5,308				21,778
Adjustments to reconcile net income to net   cash provided by operating activities:
Depreciation and amortization			1,278				1,057				648				531				2,234
Deferred tax expense			668				226				60				296				476
Loss on disposal of fixed assets			31				-				11				-				-
Share based compensation expense			2,681				1,768				1,470				951				4,235
Change in provision for doubtful debts			(33	)			-				-				-				(87	)
Changes in operating assets and liabilities:
Trade accounts receivable, gross			(19,234	)			(8,108	)			(6,115	)			(2,355	)			(9,696	)
Inventories			(15,182	)			(7,014	)			(9,825	)			(3,991	)			(19,330	)
Due from related parties, net			(12	)			20				(2	)			51				72
Other assets			(1,067	)			(601	)			(505	)			(529	)			(501	)
Trade accounts payable			6,040				9,219				5,809				4,247				15,661
Other current liabilities			18,397				7,765				12,653				6,569				10,686
Liability for employee severance benefits, net			43				46				36				48				224
Net cash provided by operating activities			22,622				12,466				19,892				11,126				25,752
Cash flows from investing activities:
Release from (investment in) short-term deposits			(37,000	)			(17,500	)			6,000				(27,500	)			(20,500	)
Release from (investment in) long-term deposits			(10,000	)			-				-				-				-
Purchase of fixed assets			(1,268	)			(775	)			(802	)			(365	)			(2,410	)
Purchase of intangible assets			(45	)			(126	)			(13	)			(122	)			(216	)
Net cash provided by (used in) investing activities			(48,313	)			(18,401	)			5,185				(27,987	)			(23,126	)
Cash flows from financing activities:
Share issuance, net			-				-				1				-				64,288
Proceeds from exercise of share options			206				334				44				276				629
Net cash provided by financing activities			206				334				45				276				64,917
Effect of change in exchange rate on cash and cash equivalents			9				23				270				(32	)			225
Net increase (decrease) in cash and cash   equivalents			(25,476	)			(5,578	)			25,392				(16,617	)			67,768
Cash and cash equivalents at beginning of     the period			105,815				38,047				54,947				49,086				38,047
Cash and cash equivalents at end of the      period			80,339				32,469				80,339				32,469				105,815
Supplementary cash flows information:
Income taxes paid			153				211				44				12				546
Lease payments			481				530				239				260				1,025
Non-cash transactions:
Fixed assets purchased with supplier credit			321				162				321				162				159

The accompanying notes are an integral part of these interim unaudited condensed consolidated financial statements.

F - 6

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 1 - Nature of Operations

A. Camtek Ltd. (“Camtek” or the “Company”), an Israeli corporation, is jointly controlled 21.0% by Priortech Ltd., an Israeli corporation listed on the Tel-Aviv Stock Exchange and 17.9% by Chroma Ate Inc., a Taiwanese company (“Chroma”). Camtek provides automated and technologically advanced solutions dedicated to enhancing production processes, increasing product yield and reliability, and enabling and supporting customers’ latest technologies in the semiconductor fabrication industry.

B. As detailed in the annual financial statements as of December 31, 2020, since January 2020, the Covid-19 outbreak has dramatically expanded into a worldwide pandemic creating macro-economic uncertainty and disruption in the business and financial markets. At present, business activity is continuing at all of the Company’s locations, with new routines implemented as required by local Covid-19 regulations.

From the beginning of the outbreak, the Company has been carefully managing the risks and its global operations. The Israeli facility has been able to maintain its required production levels. Worldwide, the Company has benefitted from its strategy of having in place local professional teams in each of its territories that can independently install and support systems. As such, the Company has been able to deliver most of its orders on time and the impact of the Covid-19 pandemic on the its business activity has not been significant.

F - 7

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 2 - Basis of Preparation

A.          Statement of compliance

Except as described below, the accounting policies applied in these interim financial statements are the same as those applied in the Company’s 2020 annual audited consolidated financial statement for the year ended December 31, 2020.

The accompanying unaudited condensed consolidated interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and do not include all of the information required for full annual financial statements. The unaudited condensed consolidated interim statements should be read in conjunction with the Company’s 2020 annual audited consolidated financial statements and footnotes, which were filed with the U.S. Securities and Exchange Commission as part of the Company’s Annual Report on Form 20-F for the year ended December 31, 2020.

In the opinion of management of the Company, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six-month periods ended June 30, 2021 are not necessarily indicative of the results that may be expected for the year ended December 31, 2021 or for any other future period.

B.          Recent Accounting Pronouncements

In December 2019, the FASB issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance became effective in the first quarter of 2021 on a prospective basis. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

F - 8

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 3 - Shareholders’ Equity

A.          General

The Company’s shares are traded on the NASDAQ Global Market under the symbol “CAMT”, and also listed and traded on the Tel-Aviv stock exchange

B.          Changes in Stock Options and RSUs

The number of stock options exercised in the three-month and six-month periods ended June 30, 2021, were 382,201 and 439,508, respectively.

In the first six months of 2021, 166,400 restricted share units (RSUs) were granted by the Company. The RSUs vest over a four-year period.

C.          Share-based Compensation Expense

The total share-based compensation expense amounted to $2,681, $1,768, $1,470, $951 and $4,235 for the six-month periods ended June 30, 2021 and 2020, the three-month periods ended June 30, 2021 and 2020 and the year ended December 31, 2020, respectively.

Note 4 – Segment Information

Substantially all fixed assets are located in Israel and substantially all revenues are derived from shipments to other countries. Revenues are attributable to geographic areas/countries based upon the destination of shipment of products and related services as follows:

		Six months ended June 30,								Three months ended June 30,								Year ended December 31,
		2021				2020				2021				2020				2020
		U.S. Dollars (in thousands)
Asia Pacific			109,345				61,914				59,145				35,130				137,555
United States			8,827				3,258				4,446				986				9,847
Europe			6,630				2,007				3,859				884				8,457
			124,802				67,179				67,450				37,000				155,859

F - 9

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 5 - Supplementary Financial Statements Information

A.          Cash and cash equivalents

The Company’s cash and cash equivalent balance at June 30, 2021 and December 31, 2020 is denominated in the following currencies:

		June 30,				December 31,
		2021				2020
		U.S. Dollars (in thousands)
US Dollars			64,649				102,669
New Israeli Shekels			13,344				1,542
Euro			1,221				570
Other currencies			1,125				1,034
			80,339				105,815

B.          Inventories

		June 30,				December 31,
		2021				2020
		U.S. Dollars (in thousands)
Components			27,907				19,630
Work in process			11,317				10,123
Finished products (including systems at customer locations not yet sold)			19,816				14,399
			59,040				44,152

Inventories are presented in:

		June 30,				December, 31
		2021				2020
		U.S. Dollars (in thousands)
Current assets			54,346				39,736
Long-term assets			4,694				4,416
			59,040				44,152

F - 10

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 5 - Supplementary Financial Statements Information (cont’d)

C.          Other Current Assets

		June 30,				December 31,
		2021				2020
		U.S. Dollars (in thousands)
Due from Government institutions			2,382				1,967
Interest receivable			368				207
Prepaid expenses			1,144				455
Income tax receivables			307				302
Deposits for operating leases			123				195
Other			87				240
			4,411				3,366

D.          Property, Plant and Equipment, Net

		June 30,				December, 31
		2021				2020
		U.S. Dollars (in thousands)
Land			863				863
Building			14,481				14,438
Machinery and equipment			11,772				11,260
Office furniture and equipment			846				785
Computer equipment and software			5,222				4,760
Automobiles			281				263
Leasehold improvements			680				630
Right of use assets			3,284				3,014
			37,429				36,013
Less accumulated depreciation			17,052				15,615
			20,377				20,398

F - 11

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 5 - Supplementary Financial Statements Information (cont’d)

E.          Intangible Assets, Net

		June 30,				December 31,
		2021				2020
		U.S. Dollars (in thousands)
Patent registration costs			1,972				1,927
Accumulated amortization and impairment			1,370				1,318
Total intangible assets, net			602				609

F.          Other Current Liabilities

		June 30,				December 31,
		2021				2020
		U.S. Dollars (in thousands)
Commissions			14,286				7,965
Advances from customers and deferred revenues			12,900				6,155
Accrued employee compensation and related benefits			12,025				9,698
Accrued warranty costs			3,267				2,328
Government institutions			2,987				752
Accrued expenses			2,172				2,570
Operating lease obligations			711				736
			48,348				30,204

F - 12

Camtek Ltd. and its Subsidiaries

Notes to the Interim Unaudited Condensed Consolidated Financial Statements

(Amounts in thousands, except per share data)

Note 6 - Statements of Operations

A. Selling, general and administrative expenses

		Six months ended June 30,								Three months ended June 30,								Year ended December 31,
		2021				2020				2021				2020				2020
		U.S. Dollars (in thousands)
Selling (1)			16,635				9,551				9,879				4,807				22,969
General and administrative			4,653				3,787				2,309				1,972				8,063
			21,288				13,338				12,188				6,779				31,032
(1)       Including shipping and handling costs			840				1,137				378				672				2,356

B.       Financial income (expenses), net

		Six months ended June 30,								Three months ended June 30,								Year ended December 31,
		2021				2020				2021				2020				2020
		U.S. Dollars (in thousands)
Interest income			561				730				323				344				1,281
Other, net (1)			1				(79	)			(147	)			(68	)			(506	)
			562				651				176				276				775
(1)       Including foreign currency expense resulting from transactions not denominated in U.S. Dollars			151				(22	)			(66	)			(39	)			(351	)

F - 13