NOVT Q2 2024 Earnings — Novanta Inc. Revenue & Financial Results | Market Cap Arena

NOVTNovanta Inc.

$4B

Q2 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$236M+2.8% YoY

Gross Profit

$104M44.0% margin

Operating Income

$26M10.9% margin

Net Income

$14M5.8% margin

EPS (Diluted)

$0.38

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$41M

Free Cash Flow

$36M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$697M

Stockholders' Equity

$702M

Cash & Equivalents

$98M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$236M	$229M	+2.8%
Gross Profit	$104M	$104M	-0.4%
Operating Income	$26M	$32M	-20.1%
Net Income	$14M	$21M	-34.1%

Revenue Segments

Medical Solutions

$105M44%

Robotics and Automation

$67M29%

Precision Medicine and Manufacturing

$64M27%

Geographic Segments

UNITED STATES

$123M52%

Rest Of Europe

$33M14%

GERMANY

$32M14%

Rest Of Asia Pacific

$25M11%

CHINA

$19M8%

Other Countries

$4M2%