NOVTNovanta Inc.

$4B

Q2 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$229M+6.6% YoY

Gross Profit

$104M45.4% margin

Operating Income

$32M14.0% margin

Net Income

$21M9.1% margin

EPS (Diluted)

$0.58

QoQ Revenue Growth

+4.7%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$23M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$607M

Stockholders' Equity

$626M

Cash & Equivalents

$91M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$229M	$215M	+6.6%
Gross Profit	$104M	$88M	+18.2%
Operating Income	$32M	$26M	+24.1%
Net Income	$21M	$17M	+19.5%

Revenue Segments

Medical Solutions

$83M36%

Precision Medicine and Manufacturing

$74M32%

Robotics and Automation

$72M31%

Geographic Segments

UNITED STATES

$108M47%

Rest Of Europe

$35M15%

GERMANY

$32M14%

Rest Of Asia Pacific

$27M12%

CHINA

$21M9%

Other Countries

$7M3%

NOVT Q2 2023 Earnings — Novanta Inc. Revenue & Financial Results | Market Cap Arena