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Novanta Inc   (NASDAQ: NOVT)
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Price: $149.6300 $1.97 1.334%
Day's High: $150.38 Week Perf: 2.36 %
Day's Low: $ 148.03 30 Day Perf: -12.59 %
Volume (M): 203 52 Wk High: $ 187.12
Volume (M$): $ 30,345 52 Wk Avg: $167.15
Open: $149.70 52 Wk Low: $143.18



 Market Capitalization (Millions $) 5,406
 Shares Outstanding (Millions) 36
 Employees 2,900
 Revenues (TTM) (Millions $) 922
 Net Income (TTM) (Millions $) 60
 Cash Flow (TTM) (Millions $) 17
 Capital Exp. (TTM) (Millions $) 21

Novanta Inc
Novanta Inc. is a leading technology company that designs and manufactures innovative photonics, vision, and precision motion components and subsystems for advanced manufacturing and medical automation markets. The company was founded in 1968 and is headquartered in Bedford, Massachusetts.

Novanta specializes in providing customized solutions to its customers in the medical and industrial markets. The company's key business segments include Photonics, Vision, and Precision Motion. The Photonics segment designs and manufactures high-performance optical systems and components to enable laser-based materials processing and metrology. The Vision segment designs and manufactures complete vision systems for medical and industrial applications. The Precision Motion segment designs and manufactures precision motion components and subsystems for medical and other high-precision applications.

The company operates through a network of global locations, with its major operations in North America, Europe, and Asia. The company has over 2,500 employees worldwide, supported by a strong research and development team that continuously works to develop new and innovative products.

Novanta has established itself as a trusted partner to many of the world's largest and most successful companies in their respective markets. The company's market-leading products and solutions are known for their quality, reliability, and innovation. Novanta's commitment to sustainability and social responsibility is demonstrated through its unique corporate responsibility program, which focuses on environmental stewardship, social inclusion, and ethical business practices.

In summary, Novanta Inc. is a highly innovative technology company that designs and manufactures photonics, vision, and precision motion components and subsystems for advanced manufacturing and medical automation markets. The company operates through a global network of locations, has over 2,500 employees worldwide, and is committed to sustainability and social responsibility.


   Company Address: 125 Middlesex Turnpike Bedford 1730 MA
   Company Phone Number: 266-5700   Stock Exchange / Ticker: NASDAQ NOVT


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
NNBR        10.42% 
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Business Update

BEDFORD, Mass. Novanta Inc. (Nasdaq NOVT) is set to make significant waves at Bairds upcoming 2024 Gl...

Published Tue, Aug 6 2024 12:47 AM UTC

Novanta Inc. Showcases Resilience at Baird?s 2024 Global Healthcare Conference Amid Mixed Quarter Results BEDFORD, Mass. Novanta Inc. (Nasdaq: NOVT) is set to make significant waves at Baird s upcoming 2024 Global Healthcare Conference, scheduled for September 10, 2024, in New York City. Matthijs Glastra, the company s Chair and Chief Executive Officer, will represent No...

Business Update

Novanta Inc. Set to Showcase Growth and Innovation at Bairds 2024 Global Healthcare Conference

Published Mon, Aug 5 2024 10:47 PM UTC

Novanta Inc. Anticipates Momentum at Baird s 2024 Global Healthcare Conference BEDFORD, Mass. Novanta Inc. (Nasdaq: NOVT), a preeminent technology partner to leading medical and advanced technology equipment manufacturers, is poised to present its strategic vision and impressive growth metrics at the Baird s 2024 Global Healthcare Conference on Tuesday, September 10, 2024,...

Novanta Inc

Novanta Inc. Faces Troubling Setback as Revenue Declines in Q3 2023



Novanta Inc, a leading player in the Industrial Machinery and Components industry, recently reported a decline in stock value along with disappointing financial results. These figures raise concerns about the company's future prospects and prompt us to ponder how they might impact Novanta Inc moving forward.
Stock Performance:
Over the past five trading days, Novanta Inc's stock experienced a significant decline of -9.3%. This drop pushed the year-to-date performance to -11.18%, reaching its 52-week low. The deteriorating stock performance reflects the market's response to the company's recent financial announcements.

Novanta Inc

Novanta Inc Achieves Impressive Revenue Surge of 6.393%, Outshining Industry Rivals in Q2 of 2023



Novanta Inc, a leading Industrial Machinery and Components company, recently released its financial results for the April to June 2023 fiscal period. The results showcase impressive growth in both revenue and income, outperforming its industry contemporaries. Additionally, the company has managed to improve its profit margins and demonstrates signs of rising demand. This article will analyze the implications of these financial results and predict their impact on Novanta Inc's future performance.
1. Revenue Growth:
Novanta Inc exhibited a remarkable 6.393% increase in revenue for the April to June 2023 period. Comparing this to its industry counterparts, who reported a 5.94% rise in the same period, Novanta's revenue growth appears even more significant. The company's success in generating higher revenue suggests that it has outperformed its competitors and has a strong market position.

Novanta Inc

Novanta Inc's Solid Elevation: Exceeding Expectations and Achieving Impressive Revenue Growth in Q4 2023

Novanta Inc is a name that is synonymous with success in the stock market, and we have yet another reason to celebrate this Industrial Machinery and Components company. With its latest financial results, Novanta Inc has once again exceeded expectations while providing investors with a bright outlook on the future.
Novanta Inc recently announced its net profit per share of $0.51 and Revenue of $218.37 million in the fiscal span ending March 31, 2023. While the profitability has decreased $0.51 per share when compared to the similar span a year ago, the company saw its revenue rise by an impressive 7.301% in the similar period. This demonstrates that Novanta Inc is making significant progress towards achieving its long-term goals.
In addition to this, it's worth noting that the Q4 revenue grew by 0.345% from $218.37 million, and profitability grew by an impressive 20.83% from $0.42 per share. While the bottom line of $18.265 million in the most recent fiscal period fell by -2.95% from $18.820 million in the corresponding period a year before, Novanta Inc has shifted its focus towards improving sales in the most recent fiscal period, resulting in a net margin that eased to 8.34%.







Novanta Inc's Segments
Precision Medicine and Manufacturing    24.81 % of total Revenue
Medical Solutions    42.5 % of total Revenue
Robotics and Automation    32.77 % of total Revenue
United States    50.91 % of total Revenue
Germany    13.74 % of total Revenue
Rest of Europe    12.52 % of total Revenue
China    10.08 % of total Revenue
Rest of Asia-Pacific    11.12 % of total Revenue
Other Countries    1.71 % of total Revenue





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