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)

Company Growth (employees)
Type
Public
HQ
Bedford, US
Founded
1968
Size (employees)
1,269 (est)
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
Show all (14)

Novanta Data and Metrics

Novanta Financial Metrics

Novanta's revenue was reported to be $109 m in Q1, 2017
USD

Revenue (Q1, 2017)

109 m

Gross profit (Q1, 2017)

46.1 m

Gross profit margin (Q1, 2017), %

42%

Net income (Q1, 2017)

34.3 m

Market capitalization (13-Jul-2017)

1.3 b

Closing share price (13-Jul-2017)

37.7

Cash (31-Mar-2017)

80 m
Novanta's current market capitalization is $1.3 b.
USDFY, 2013FY, 2014FY, 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%

General and administrative expense

81.7 m

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

96.9 m94.7 m94.6 m96.5 m92.3 m90.3 m97.7 m97.8 m109 m

Cost of goods sold

58.3 m55 m54.6 m55.1 m52.4 m53.4 m56.2 m56.6 m62.9 m

Gross profit

38.7 m39.7 m40 m41.3 m39.9 m36.9 m41.5 m41.2 m46.1 m

Gross profit Margin, %

40%42%42%43%43%41%42%42%42%

General and administrative expense

21.4 m21.5 m22.1 m20.9 m20 m21.2 m20.2 m21 m23 m

Operating expense total

21.4 m21.5 m22.1 m20.9 m20 m21.2 m20.2 m21 m23 m

Interest expense

(1.4 m)(1.5 m)(1.4 m)(1.4 m)(1.2 m)(1.2 m)(1.2 m)(1.1 m)(1.3 m)

Interest income

(1.4 m)(1.5 m)(1.4 m)(1.4 m)(1.2 m)(1.2 m)(1.2 m)(1.1 m)(1.3 m)

Pre tax profit

5.5 m7.1 m5.2 m25.8 m9 m2.2 m7.4 m10.8 m35.4 m

Income tax expense

2.1 m2 m1.8 m6.3 m2.5 m322 k2.5 m3.4 m1.1 m

Net Income

1.7 m6.2 m3.4 m22.9 m29.5 m1.9 m6.8 m14.2 m34.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

61 m51.1 m60 m68.1 m

Accounts Receivable

48.6 m51.5 m57.2 m13.7 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

Total Liabilities

166.8 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

45 m53.5 m47.5 m81.1 m80.1 m67.9 m60.5 m64.7 m80 m

Inventories

64.6 m62.8 m60.7 m60.4 m61.3 m61.8 m60 m59.6 m71 m

Current Assets

199 m192 m193 m212.6 m212.3 m195.4 m187.5 m196.3 m230 m

PP&E

40.2 m39.6 m37.6 m37.8 m37.6 m36.2 m37.6 m34.9 m36.8 m

Goodwill

115.6 m110.8 m98.3 m98.4 m98.4 m103.4 m108.3 m108.3 m150.3 m

Total Assets

465.8 m450.5 m415.1 m432.4 m425.9 m416.5 m413.9 m416.7 m535.3 m

Accounts Payable

28.4 m31.2 m27.1 m26.9 m27.5 m26.9 m25.9 m28.2 m34.2 m

Current Liabilities

66.5 m61.7 m60.4 m62 m60 m60.3 m63.8 m66.9 m77.9 m

Additional Paid-in Capital

26.8 m28 m28.9 m29.5 m29.5 m29.3 m28.9 m29.3 m29.7 m

Retained Earnings

(199.2 m)(194.7 m)(221.7 m)(202.2 m)(195.7 m)(187.6 m)(182.8 m)(175.3 m)(133.3 m)

Total Equity

246.5 m234.6 m240 m247.2 m249.6 m257.2 m294.2 m

Financial Leverage

1.9 x1.8 x1.8 x1.7 x1.7 x1.6 x1.8 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.7 m6.2 m3.4 m22.9 m29.5 m1.9 m6.8 m14.2 m34.3 m

Depreciation and Amortization

11.2 m17.5 m4.8 m9.4 m14.1 m5.2 m10.2 m15.3 m6.5 m

Accounts Receivable

(429 k)(835 k)(5.1 m)(5.2 m)(7 m)(1.1 m)587 k(3.7 m)(3.7 m)

Inventories

60 k116 k(4 m)(3.8 m)(5.4 m)(3.5 m)(1.6 m)(1.5 m)(4.4 m)

Cash From Operating Activities

20 m33.7 m6 m14.6 m25.5 m8.3 m23.8 m34.7 m12.8 m

Purchases of PP&E

(2.6 m)(3.8 m)(946 k)(2.1 m)(4.1 m)(2.3 m)(5.3 m)(7 m)(1.8 m)

Cash From Financing Activities

60.9 m47.6 m6.7 m

Interest Paid

1.6 m2.6 m975 k2 m2.9 m810 k1.6 m2.2 m781 k

Income Taxes Paid

2 m3.9 m1.6 m3.7 m6.1 m2.5 m8 m10.9 m1.8 m
USDY, 2017

Revenue/Employee

85.9 k

Financial Leverage

1.8 x

Novanta Operating Metrics

Novanta's Backlog was reported to be $115 m in FY, 2016, which is a 19% increase from the previous period
FY, 2014FY, 2015FY, 2016Apr, 2017

Manufacturing Facilities (Asia-Pacific)

111

Manufacturing Facilities (Americas)

566

Manufacturing Facilities (EMEA)

312

Backlog

$82.1 m$96.8 m$115 m

Patents Issued

350

    Novanta Market Value History

    Novanta Revenue Breakdown

    Traffic Overview of Novanta

    Novanta Company Life and Culture

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