Novanta is a supplier of core technology solutions that give advanced industrial and healthcare original equipment manufacturers (OEMs) a competitive advantage. The Company offers its products to OEMs in the medical equipment and industrial markets. Novanta's segments are photonics, vision and precision motion.

Type
Public
HQ
Bedford, US
Founded
1968
Size (employees)
1,269 (est)
Novanta was founded in 1968 and is headquartered in Bedford, US
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Key People/Management at Novanta

Matthijs Glastra

Matthijs Glastra

CEO
Robert Buckley

Robert Buckley

CFO
Brian Young

Brian Young

Chro

Novanta Office Locations

Novanta has offices in New Bedford, Glendale, Fremont, Syracuse and in 15 other locations
Bedford, US (HQ)
125 Middlesex Turnpike
Loomis, US
5915 Jetton Ln
Los Angeles, US
9731 Topanga Canyon Pl
Mukilteo, US
4600 Campus Pl
North Syracuse, US
7279 William Barry Blvd
San Jose, US
5750 Hellyer Ave
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Novanta Financials and Metrics

Novanta Financials

Novanta's revenue was reported to be $521.29 m in FY, 2017
USD

Revenue (Q1, 2018)

147 m

Gross profit (Q1, 2018)

62.2 m

Gross profit margin (Q1, 2018), %

42.3%

Net income (Q1, 2018)

12.8 m

EBIT (Q1, 2018)

17.2 m

Market capitalization (14-Jun-2018)

2.3 b

Closing share price (14-Jun-2018)

67.6

Cash (30-Mar-2018)

111.1 m

EV

2.5 b
Novanta's current market capitalization is $2.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

341.6 m364.7 m373.6 m384.8 m521.3 m

Revenue growth, %

7%2%3%

Cost of goods sold

202.2 m214.5 m215.7 m222.3 m300.8 m

Gross profit

139.4 m150.2 m157.9 m162.5 m220.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

85.5 m79.1 m96.9 m94.7 m92.3 m94.6 m96.5 m90.3 m97.7 m97.8 m109 m119.1 m147 m

Cost of goods sold

49.7 m47 m58.3 m55 m52.4 m54.6 m55.1 m53.4 m56.2 m56.6 m62.9 m65.6 m84.8 m

Gross profit

35.8 m32.1 m38.7 m39.7 m39.9 m40 m41.3 m36.9 m41.5 m41.2 m46.1 m53.5 m62.2 m

Gross profit Margin, %

42%41%40%42%43%42%43%41%42%42%42%45%42%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

61 m51.1 m60 m68.1 m100.1 m

Accounts Receivable

48.6 m51.5 m57.2 m13.7 m

Inventories

66.7 m62.9 m59.6 m59.7 m91.3 m

Current Assets

199.8 m183.3 m185.2 m199.3 m287.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

53.7 m31.7 m45 m53.5 m80.1 m47.5 m81.1 m67.9 m60.5 m64.7 m80 m89.1 m111.1 m

Inventories

65.1 m63.8 m64.6 m62.8 m61.3 m60.7 m60.4 m61.8 m60 m59.6 m71 m76.8 m98.8 m

Current Assets

194.8 m192.1 m199 m192 m212.3 m193 m212.6 m195.4 m187.5 m196.3 m230 m245.7 m298.1 m

PP&E

32.7 m31.4 m40.2 m39.6 m37.6 m37.6 m37.8 m36.2 m37.6 m34.9 m36.8 m36.5 m61.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

7.3 m(24.2 m)35.6 m22 m62.3 m

Depreciation and Amortization

20.2 m23.8 m19.1 m20.4 m30.8 m

Inventories

(3.2 m)(991 k)(3.3 m)(2.9 m)(13.6 m)

Accounts Payable

6 m(4.7 m)2.2 m10.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

3 m990 k1.7 m6.2 m29.5 m3.4 m22.9 m1.9 m6.8 m14.2 m34.3 m44.3 m12.8 m

Depreciation and Amortization

15.3 m4.8 m11.2 m17.5 m14.1 m4.8 m9.4 m5.2 m10.2 m15.3 m6.5 m13.6 m9.1 m

Inventories

470 k1.4 m60 k116 k(5.4 m)(4 m)(3.8 m)(3.5 m)(1.6 m)(1.5 m)(4.4 m)(10.9 m)(7.4 m)

Cash From Operating Activities

34.4 m1.5 m20 m33.7 m25.5 m6 m14.6 m8.3 m23.8 m34.7 m12.8 m29.5 m20.4 m
USDY, 2018

EV/EBIT

143.2 x

EV/CFO

120.9 x

Revenue/Employee

115.8 k

Financial Leverage

2.3 x
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Novanta Operating Metrics

FY, 2014FY, 2015FY, 2016Apr, 2017

Manufacturing Facilities (Americas)

5 6 6

Manufacturing Facilities (Asia-Pacific)

1 1 1

Manufacturing Facilities (EMEA)

3 1 2

Patents Issued

350
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Novanta Revenue Breakdown

Embed Graph

Novanta revenue breakdown by business segment: 31.8% from Vision, 45.3% from Photonics and 23.0% from Precision Motion

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Novanta News and Updates

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