NOVT Q1 2024 Earnings — Novanta Inc. Revenue & Financial Results | Market Cap Arena

NOVTNovanta Inc.

$4B

Q1 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$231M+5.4% YoY

Gross Profit

$100M43.5% margin

Operating Income

$26M11.1% margin

Net Income

$15M6.4% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

+9.1%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

$26M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$729M

Stockholders' Equity

$682M

Cash & Equivalents

$94M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$231M	$219M	+5.4%
Gross Profit	$100M	$98M	+2.9%
Operating Income	$26M	$26M	-2.7%
Net Income	$15M	$18M	-19.6%

Revenue Segments

Medical Solutions

$102M44%

Precision Medicine and Manufacturing

$65M28%

Robotics and Automation

$63M27%

Geographic Segments

UNITED STATES

$117M51%

GERMANY

$33M14%

Rest Of Europe

$31M13%

Rest Of Asia Pacific

$27M12%

CHINA

$17M7%

Other Countries

$5M2%