NVMI FY 2017 Earnings Report — Nova Ltd. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$222M	—	$164M	—	35.4%
Op. Income	$58M	—	$10M	—	468.7%
Gross Margin	59.1%	—	45.9%	—	13.2pp
Net Margin	20.9%	—	5.9%	—	15.0pp
EPS (Diluted)	$1.63	—	$0.35	—	365.7%
Free Cash Flow	$56M	—	-$7M	—	861.2%

Revenue Flow

Item	Amount
REVENUE	$222M
Cost of Revenue	$91M
GROSS PROFIT	$131M
R&D Expenses	$39M
Selling & Marketing	$24M
General & Administrative	$8M
SG&A Expenses	$32M
Other Expenses	$2M
Operating Expenses	$73M
Cost & Expenses	$164M
OPERATING INCOME	$58M
Interest Income	$2M
Interest Expense	$112.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$60M
Income Tax Expense	$14M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$6M
EBIT	$58M
EBITDA	$64M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$222M
Cost of Revenue	$91M
GROSS PROFIT	$131M
R&D Expenses	$39M
Selling & Marketing	$24M
General & Administrative	$8M
SG&A Expenses	$32M
Other Expenses	$2M
Operating Expenses	$73M
Cost & Expenses	$164M
OPERATING INCOME	$58M
Interest Income	$2M
Interest Expense	$112.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$60M
Income Tax Expense	$14M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$6M
EBIT	$58M
EBITDA	$64M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$6M
Stock-Based Compensation	$3M
Deferred Income Tax	-$31.0K
Other Non-Cash Items	$21M
Change in Working Capital	$6M
OPERATING CASH FLOW	$62M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$51M
Sales/Maturities of Investments	$0
Other Investing Activities	-$51M
NET CASH FROM INVESTING	-$57M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	$3M
FREE CASH FLOW	$56M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$28M
Short-Term Investments	$121M
Net Receivables	$41M
Inventory	$35M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$232M
PP&E (Net)	$14M
Goodwill	$20M
Intangible Assets	$13M
Long-Term Investments	$750.0K
Tax Assets	$2M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$51M
TOTAL ASSETS	$283M
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$10M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$52M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$4M
TOTAL LIABILITIES	$57M
Common Stock	$74.0K
Additional Paid-In Capital	$134M
Retained Earnings	$104M
Treasury Stock	$0
Accum. Other Comp. Income	$112.0K
Other Equity	-$12M
TOTAL STOCKHOLDERS' EQUITY	$227M
Minority Interest	$0
TOTAL EQUITY	$227M
TOTAL LIABILITIES & EQUITY	$283M
Total Debt	$0
Net Debt	-$28M