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
- JADAK
- Synrad
- NDS Surgical Imaging
- Westwind Air Bearings (UK)

Type
Public
HQ
Bedford, US
Founded
1968
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 10 other locations
Bedford, US (HQ)
125 Middlesex Turnpike
Shinagawa Ku, JP
第14下川ビル
Bresso, IT
5 Via Giuseppe Mazzini
Holton Heath, GB
Holton Rd
Zevenhuizen, NL
28 Nijverheidscentrum
Breda, NL
16 Emmastraat
Planegg, DE
2 A 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 Data and Metrics

Novanta Financial Metrics

Novanta's revenue was reported to be $384.8 m in FY, 2016
USD

Revenue (FY, 2016)

384.8 m

Revenue growth (FY, 2015 - FY, 2016), %

3%

Gross profit (FY, 2016)

162.5 m

Gross profit margin (FY, 2016), %

42%

Net income (FY, 2016)

22 m

EBIT (FY, 2016)

32.6 m

Market capitalization (19-Jun-2017)

1.3 b

Closing share price (19-Jun-2017)

36.2

Cash (31-Dec-2016)

68.1 m

EV

1.3 b
Novanta's current market capitalization is $1.3 b.
USDFY, 2013FY, 2014Y, 2015FY, 2016

Revenue

341.6 m364.7 m373.6 m384.8 m

Revenue growth, %

7%2%3%

Cost of goods sold

202.2 m214.5 m215.7 m222.3 m

Gross profit

139.4 m150.2 m157.9 m162.5 m

Gross profit Margin, %

41%41%42%42%

Operating expense total

121.8 m167 m129 m129.9 m

EBIT

17.7 m(16.8 m)28.9 m32.6 m

EBIT margin, %

5%(5%)8%8%

Interest expense

3.5 m5.1 m5.2 m4.6 m

Interest income

(3.5 m)(5.1 m)(5.2 m)(4.6 m)

Pre tax profit

14.5 m(17.9 m)46 m32.5 m

Income tax expense

5.7 m(1 m)10.4 m10.5 m

Net Income

7.3 m(24.2 m)35.6 m22 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

61 m51.1 m60 m68.1 m

Accounts Receivable

48.6 m51.5 m57.2 m63.8 m

Inventories

66.7 m62.9 m59.6 m59.7 m

Current Assets

199.8 m183.3 m185.2 m199.3 m

PP&E

32.5 m40.1 m40.6 m35.4 m

Goodwill

71.2 m90.7 m103.5 m108.1 m

Total Assets

378.8 m398.9 m416 m425.6 m

Accounts Payable

26.7 m25.6 m24.4 m32.2 m

Total Debt

71.5 m115 m95.8 m77.9 m

Current Liabilities

60.1 m54.2 m57 m70.5 m

Additional Paid-in Capital

25.4 m28.6 m29.2 m30.3 m

Retained Earnings

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

Total Equity

242.4 m211.3 m244.7 m258.9 m

Debt to Equity Ratio

0.3 x0.5 x0.4 x0.3 x

Debt to Assets Ratio

0.2 x0.3 x0.2 x0.2 x

Financial Leverage

1.6 x1.9 x1.7 x1.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

7.3 m(24.2 m)35.6 m22 m

Depreciation and Amortization

20.2 m23.8 m19.1 m20.4 m

Accounts Receivable

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

Inventories

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

Accounts Payable

6 m(4.7 m)2.2 m10.6 m

Cash From Operating Activities

49.2 m42.3 m33.4 m47.8 m

Purchases of PP&E

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

Interest Paid

2.3 m3.8 m3.8 m2.9 m

Income Taxes Paid

2.2 m6.1 m10.7 m14.1 m
Y, 2016

EV/EBIT

39.3 x

EV/CFO

26.8 x

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.6 x

Novanta Market Value History

Novanta Revenue Breakdown

Novanta Company Life and Culture

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