novanta (nasdaq: novt) delivers innovations that matter for its medical and advanced industrial oem customers. if you have a passion for solving complex technical problems that lead to breakthrough performance and that enhance people's lives, come join our growing team. here is a sample of the many exciting applications we serve: • innovations that ensure the safety of patients and efficient workflows in hospitals using our novel rfid technology • innovations in additive manufacturing, also known as 3-d metal printing, using our lightning fast lasers and laser beam steering sub-systems • innovations in minimally invasive surgery using our highly reliable insufflators, pumps and visualization systems • innovations in robotics and automation using our precision motors, encoders and drives for superior accuracy • innovations in smartphone production using our fast, accurate lasers and laser beam steering equipment along with our precision motion systems the driving force behind our grow
![Novanta logo](/files/LOGO/1076930-NOVT.png)
Company profile
Ticker
NOVT
Exchange
Website
CEO
Matthijs Glastra
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
GSI GROUP INC, GSI LUMONICS, GSI LUMONICS INC, LUMONICS INC
SEC CIK
Corporate docs
Subsidiaries
Novanta Corporation • Novanta Japan Corporation • Novanta Singapore Pte. Ltd. • Novanta Technologies UK Limited • Novanta UK Investments Holding Limited • Novanta Technologies (Suzhou) Co., Ltd. • GSI Lumonics Asia Pacific Ltd. • Novanta Europe GmbH • Novanta Distribution (USD) GmbH • Novanta Italy SRL ...
IRS number
980110412
NOVT stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
12 Jul 24
SD
Conflict minerals disclosure
30 May 24
8-K
Submission of Matters to a Vote of Security Holders
9 May 24
10-Q
2024 Q1
Quarterly report
7 May 24
8-K
First Quarter 2024 GAAP Revenue of $231 million
7 May 24
ARS
2023 FY
Annual report to shareholders
3 Apr 24
DEF 14A
Definitive proxy
3 Apr 24
8-K
Changes in Registrant's Certifying Accountant
15 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Results of Operations and Financial Condition
28 Feb 24
Transcripts
NOVT
Earnings call transcript
2024 Q1
7 May 24
NOVT
Earnings call transcript
2023 Q4
28 Feb 24
NOVT
Earnings call transcript
2023 Q3
7 Nov 23
NOVT
Earnings call transcript
2023 Q2
8 Aug 23
NOVT
Earnings call transcript
2023 Q2
8 Aug 23
NOVT
Earnings call transcript
2023 Q1
9 May 23
NOVT
Earnings call transcript
2022 Q4
1 Mar 23
NOVT
Earnings call transcript
2022 Q3
12 Nov 22
NOVT
Earnings call transcript
2022 Q2
14 Aug 22
NOVT
Earnings call transcript
2022 Q1
10 May 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 93.52 mm | 93.52 mm | 93.52 mm | 93.52 mm | 93.52 mm | 93.52 mm |
Cash burn (monthly) | 3.84 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 15.12 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 78.40 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 20.4 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
92.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 272 |
Opened positions | 233 |
Closed positions | 1 |
Increased positions | 15 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 5.10 tn |
Total shares | 33.07 mm |
Total puts | 33.40 k |
Total calls | 24.10 k |
Total put/call ratio | 1.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.43 mm | $774.31 bn |
Vanguard | 3.86 mm | $674.86 bn |
T. Rowe Price | 2.01 mm | $350.84 mm |
Conestoga Capital Advisors | 1.30 mm | $226.95 bn |
STT State Street | 1.26 mm | $219.37 bn |
Wasatch Advisors | 958.77 k | $167.56 bn |
William Blair Investment Management | 956.07 k | $167.09 bn |
Neuberger Berman | 906.90 k | $158.50 bn |
Geode Capital Management | 853.05 k | $149.11 bn |
MCQEF Macquarie | 833.66 k | $145.70 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Jul 24 | Robert Buckley | Common Stock | Sell | Dispose S | No | Yes | 180.18 | 1,830 | 329.73 k | 120,419 |
16 Jul 24 | Robert Buckley | Common Stock | Option exercise | Acquire M | No | Yes | 14.13 | 1,830 | 25.86 k | 122,249 |
16 Jul 24 | Robert Buckley | Stock Option Common Stock | Option exercise | Dispose M | No | Yes | 14.13 | 1,830 | 25.86 k | 38,421 |
12 Jul 24 | Robert Buckley | Common Stock | Sell | Dispose S | No | Yes | 170.19 | 1,830 | 311.45 k | 120,419 |
12 Jul 24 | Robert Buckley | Common Stock | Option exercise | Acquire M | No | Yes | 14.13 | 1,830 | 25.86 k | 122,249 |
12 Jul 24 | Robert Buckley | Stock Option Common Stock | Option exercise | Dispose M | No | Yes | 14.13 | 1,830 | 25.86 k | 40,251 |
11 Jul 24 | Ladone Mary Kay | RSU Common Stock | Grant | Acquire A | No | No | 0 | 572 | 0.00 | 572 |
3 Jul 24 | Wilson Frank Anders | Common Stock | Option exercise | Acquire M | No | No | 0 | 278 | 0.00 | 1,405 |
3 Jul 24 | Wilson Frank Anders | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 278 | 0.00 | 0 |
News
Peering Into Novanta's Recent Short Interest
10 Jul 24
Looking Into Novanta's Recent Short Interest
19 Jun 24
Novanta Expects Q2 Revenue of $230M-$235M Vs $241.9M Est, Adj EPS of $0.68-$0.74 Vs $0.73 Est
7 May 24
Novanta Q1 2024 Adj EPS $0.74 Beats $0.58 Estimate, Sales $230.916M Beat $227.881M Estimate
7 May 24
Press releases
Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, August 6, 2024
9 Jul 24
Novanta to Present at the CJS Securities 24th Annual New Ideas Summer Conference on Wednesday, July 10, 2024
18 Jun 24
Novanta to Present at Baird's 2024 Global Consumer, Technology & Services Conference on Wednesday, June 5, 2024
1 May 24