Craft

Novanta

Stock Price

$143.1

2023-11-15

Market Capitalization

$5.1 B

2023-11-15

Revenue

$860.9 M

FY, 2022

Novanta Summary

Company Summary

Overview
Novanta (formerly known as GSI Group) is a supplier of technology solutions for industrial and healthcare OEMs. It operates in three segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning, laser beam delivery, CO2 laser, solid-state laser, ultrafast laser, and optical light engine products. The Vision segment provides a range of medical-grade technologies, including medical insufflators, pumps and related disposables, visualization solutions, wireless, optical data collection, machine vision technologies, etc. The Precision Motion segment offers optical and inductive encoders, precision motor and motion control sub-assemblies, servo drives, air bearings, and air bearing spindles.
Type
Public
Status
Active
Founded
1968
HQ
Bedford, MA, US | view all locations
Website
https://www.novanta.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Matthijs Glastra

    Matthijs Glastra, Chair & Chief Executive Officer

  • Robert Buckley

    Robert Buckley, Chief Financial Officer

  • Sarah Betadam

    Sarah Betadam, Chief Information Officer & Chief Information Security Officer

  • Peter Chang

    Peter Chang, Chief Accounting Officer

Operating MetricsView all

Facility Space Leased, sq. ft.

865K
6.1%

FY, 2022

Facility Space Owned, sq. ft.

441K
27.5%

FY, 2022

Certifications

3

FY, 2022

LocationsView all

25 locations detected

  • Bedford, MA HQ

    United States

    125 Middlesex Turnpike

  • Apex, NC

    United States

    1031 Goodworth Dr

  • El Monte, CA

    United States

    9530 Telstar Ave

  • Mukilteo, WA

    United States

    4600 Campus Pl

  • North Syracuse, NY

    United States

    7279 William Barry Blvd

  • Orlando, FL

    United States

    4531 36th St

and 19 others

Novanta Financials

Summary Financials

Revenue (Q3, 2023)
$221.5M
Gross profit (Q3, 2023)
$101.6M
Net income (Q3, 2023)
$21.2M
Cash (Q3, 2023)
$76.0M
EBIT (Q3, 2023)
$30.3M
Enterprise value
$5.4B

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