NOVT Q3 2023 Earnings — Novanta Inc. Revenue & Financial Results | Market Cap Arena

NOVTNovanta Inc.

$4B

Q3 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$222M-0.7% YoY

Gross Profit

$102M45.9% margin

Operating Income

$30M13.7% margin

Net Income

$21M9.6% margin

EPS (Diluted)

$0.59

QoQ Revenue Growth

-3.5%

Cash Flow

Operating Cash Flow

$45M

Free Cash Flow

$38M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$549M

Stockholders' Equity

$645M

Cash & Equivalents

$76M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$222M	$223M	-0.7%
Gross Profit	$102M	$92M	+10.5%
Operating Income	$30M	$30M	+0.1%
Net Income	$21M	$22M	-5.6%

Revenue Segments

Medical Solutions

$83M38%

Precision Medicine and Manufacturing

$71M32%

Robotics and Automation

$67M30%

Geographic Segments

UNITED STATES

$110M50%

Rest Of Europe

$34M15%

GERMANY

$33M15%

Rest Of Asia Pacific

$24M11%

CHINA

$16M7%

Other Countries

$4M2%