NOVT Q1 2023 Earnings — Novanta Inc. Revenue & Financial Results | Market Cap Arena

NOVTNovanta Inc.

$4B

Q1 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$219M+7.3% YoY

Gross Profit

$98M44.6% margin

Operating Income

$26M12.0% margin

Net Income

$18M8.3% margin

EPS (Diluted)

$0.51

QoQ Revenue Growth

+0.3%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$7M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$628M

Stockholders' Equity

$598M

Cash & Equivalents

$83M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$219M	$204M	+7.3%
Gross Profit	$98M	$83M	+17.7%
Operating Income	$26M	$23M	+16.2%
Net Income	$18M	$19M	-2.9%

Revenue Segments

Medical Solutions

$78M35%

Robotics and Automation

$72M33%

Precision Medicine and Manufacturing

$70M32%

Geographic Segments

UNITED STATES

$104M47%

GERMANY

$35M16%

Rest Of Europe

$29M13%

Rest Of Asia Pacific

$28M13%

CHINA

$18M8%

Other Countries

$5M2%