We combine deep expertise at the intersection of photonics and motion with a proven ability to solve complex technical challenges. This enables Novanta to engineer core components and sub-systems that deliver extreme precision and performance, tailored to our customers' demanding applications. We deliver solutions through our businesses serving customers in key market segments around the world. The driving force behind our growth is the team of innovative professionals who share a commitment to innovation and customer success. Novanta's common shares are quoted on NASDAQ under the ticker symbol "NOVT".

Novanta companies include:
- Cambridge Technology
- Celera Motion
- Synrad
- NDS Surgical Imaging
- Westwind Air Bearings (UK)

Bedford, US
Size (employees)
1,269 (est)-6%
Novanta was founded in 1968 and is headquartered in Bedford, US

Novanta Office Locations

Novanta has offices in Bedford, Los Angeles, Loomis, Mukilteo and in 11 other locations
Bedford, US (HQ)
125 Middlesex Turnpike
Shinagawa-ku, JP
Bresso, IT
5 Via Giuseppe Mazzini
Holton Heath, GB
Holton Rd
Zevenhuizen, NL
28 Nijverheidscentrum
Breda, NL
16 Emmastraat
Planegg, DE
2A Münchner Str.
North Syracuse, US
7279 William Barry Blvd
San Jose, US
5750 Hellyer Ave
Mukilteo, US
4600 Campus Pl
Loomis, US
5915 Jetton Ln
Los Angeles, US
9731 Topanga Canyon Pl

Novanta Metrics

Novanta Financial Metrics

Revenue (2016)

$384.8 m

Revenue growth (2015-16), %


Gross profit

$162.5 m

Gross profit margin (2016), %


Net income (2016)

$22 m

Market capitalization (21-Mar-2017)

$928.7 m

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$68.1 m
Novanta's current market capitalization is $928.7 m.
Novanta's revenue was reported to be $384.8 m in FY, 2016
FY, 2013FY, 2014Y, 2015FY, 2016


$341.6 m$364.7 m$373.6 m$384.8 m

Revenue growth, %


Cost of goods sold

$202.2 m$214.5 m$215.7 m$222.3 m

Gross profit

$139.4 m$150.2 m$157.9 m$162.5 m

Gross profit Margin, %


Operating expense total

$121.8 m$167 m$129 m$129.9 m


$17.7 m($16.8 m)$28.9 m$32.6 m

EBIT margin, %


Interest expense

$3.5 m$5.1 m$5.2 m$4.6 m

Interest income

$5.1 m$5.2 m$4.6 m

Pre tax profit

$14.5 m($17.9 m)$46 m$32.5 m

Income tax expense

$5.7 m($1 m)$10.4 m$10.5 m

Net Income

$7.3 m($24.2 m)$35.6 m$22 m
FY, 2013FY, 2014FY, 2015FY, 2016


$61 m$51.1 m$60 m$68.1 m

Accounts Receivable


$66.7 m$62.9 m$59.6 m$59.7 m

Current Assets

$199.8 m$183.3 m$185.2 m$199.3 m


$32.5 m$40.1 m$40.6 m$35.4 m


$71.2 m$90.7 m$103.5 m$108.1 m

Total Assets

$378.8 m$398.9 m$416 m$425.6 m

Accounts Payable

$26.7 m$25.6 m$24.4 m$32.2 m

Total Debt

$71.5 m$115 m$95.8 m$77.9 m

Current Liabilities

$60.1 m$54.2 m$57 m$70.5 m

Additional Paid-in Capital

$25.4 m$28.6 m$29.2 m$30.3 m

Retained Earnings

($200.9 m)($225.2 m)($189.6 m)($167.5 m)

Total Equity

$242.4 m$244.7 m$258.9 m

Debt to Equity Ratio

0.3 x0.4 x0.3 x

Debt to Assets Ratio

0.2 x0.3 x0.2 x0.2 x

Financial Leverage

1.6 x1.7 x1.6 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$7.3 m($24.2 m)$35.6 m$22 m

Depreciation and Amortization

$20.2 m$23.8 m$19.1 m$20.4 m

Accounts Receivable

($1.9 m)$3.5 m($7.5 m)($6.4 m)


($3.2 m)($991 k)($3.3 m)($2.9 m)

Accounts Payable

Cash From Operating Activities

$49.2 m$42.3 m$33.4 m$47.8 m

Purchases of PP&E

($5 m)($5.4 m)($5.6 m)($8.5 m)

Interest Paid

$2.3 m$3.8 m$3.8 m$2.9 m

Income Taxes Paid

$2.2 m$6.1 m$10.7 m$14.1 m

Novanta Market Value History

Novanta Company Life

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