NOVT Q4 2023 Earnings — Novanta Inc. Revenue & Financial Results | Market Cap Arena

NOVTNovanta Inc.

$4B

Q4 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$212M-3.1% YoY

Gross Profit

$97M45.6% margin

Operating Income

$22M10.2% margin

Net Income

$13M5.9% margin

EPS (Diluted)

$0.35

QoQ Revenue Growth

-4.5%

Cash Flow

Operating Cash Flow

$39M

Free Cash Flow

$33M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$553M

Stockholders' Equity

$673M

Cash & Equivalents

$105M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$212M	$218M	-3.1%
Gross Profit	$97M	$89M	+8.3%
Operating Income	$22M	$29M	-24.1%
Net Income	$13M	$15M	-18.0%

Revenue Segments

Medical Solutions

$81M38%

Precision Medicine and Manufacturing

$68M32%

Robotics and Automation

$63M30%

Geographic Segments

UNITED STATES

$96M46%

Rest Of Europe

$39M18%

GERMANY

$28M13%

Rest Of Asia Pacific

$26M12%

CHINA

$19M9%

Other Countries

$3M2%