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
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)
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
8-K
Novanta completes acquisition of Motion Solutions
2 Jan 24
8-K
Novanta announces agreement to acquire Motion Solutions
14 Nov 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Third Quarter 2023 GAAP Revenue of $222 million
7 Nov 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
Transcripts
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 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
NOVT
Earnings call transcript
2021 Q4
1 Mar 22
NOVT
Earnings call transcript
2021 Q3
9 Nov 21
Latest ownership filings
4
Matthijs Glastra
2 Apr 24
144
Notice of proposed sale of securities
1 Apr 24
4
Brian S Young
5 Mar 24
4
Robert Buckley
1 Mar 24
144
Notice of proposed sale of securities
1 Mar 24
4
PETER L CHANG
28 Feb 24
4
Brian S Young
28 Feb 24
4
Matthijs Glastra
28 Feb 24
4
Robert Buckley
28 Feb 24
4
Brian S Young
23 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
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) | 75.96 mm | 75.96 mm | 75.96 mm | 75.96 mm | 75.96 mm | 75.96 mm |
Cash burn (monthly) | 5.12 mm | 718.25 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 35.11 mm | 4.92 mm | n/a | n/a | n/a | n/a |
Cash remaining | 40.85 mm | 71.04 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 8.0 | 98.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
92.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 254 |
Opened positions | 32 |
Closed positions | 27 |
Increased positions | 75 |
Reduced positions | 106 |
13F shares | Current |
---|---|
Total value | 4.77 tn |
Total shares | 33.28 mm |
Total puts | 3.50 k |
Total calls | 6.00 k |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.29 mm | $615.51 bn |
Vanguard | 3.77 mm | $540.20 bn |
Conestoga Capital Advisors | 1.28 mm | $183.46 bn |
STT State Street | 1.18 mm | $169.47 bn |
Alliancebernstein | 1.16 mm | $166.18 bn |
T. Rowe Price | 1.08 mm | $154.86 bn |
William Blair Investment Management | 971.16 k | $139.30 bn |
Capital International Investors | 944.83 k | $135.53 bn |
Neuberger Berman | 941.35 k | $135.03 bn |
Wasatch Advisors | 909.70 k | $130.49 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Matthijs Glastra | Common Stock | Sell | Dispose S | No | Yes | 174.73 | 44 | 7.69 k | 24,572 |
1 Apr 24 | Matthijs Glastra | Common Stock | Sell | Dispose S | No | Yes | 172.76 | 1,000 | 172.76 k | 24,616 |
1 Apr 24 | Matthijs Glastra | Common Stock | Sell | Dispose S | No | Yes | 171.78 | 3,956 | 679.56 k | 25,616 |
1 Mar 24 | Brian S Young | Common Stock | Sell | Dispose S | No | Yes | 175 | 6,119 | 1.07 mm | 33,114 |
29 Feb 24 | Robert Buckley | Common Stock | Sell | Dispose S | No | Yes | 170.4 | 3,000 | 511.20 k | 120,419 |
26 Feb 24 | Matthijs Glastra | Common Stock | Payment of exercise | Dispose F | No | No | 158.25 | 2,099 | 332.17 k | 29,572 |
26 Feb 24 | Matthijs Glastra | Common Stock | Payment of exercise | Dispose F | No | No | 158.25 | 3,499 | 553.72 k | 31,671 |
26 Feb 24 | Matthijs Glastra | Common Stock | Option exercise | Acquire M | No | No | 0 | 4,341 | 0.00 | 35,170 |
26 Feb 24 | Matthijs Glastra | Common Stock | Option exercise | Acquire M | No | No | 0 | 7,235 | 0.00 | 30,829 |
26 Feb 24 | Matthijs Glastra | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 4,341 | 0.00 | 0 |
Press releases
Novanta to Present at the William Blair 44th Annual Growth Stock Conference on Tuesday, June 4, 2024
19 Apr 24
Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, May 7, 2024
9 Apr 24
Politan Nominates Two Independent Candidates for Masimo Board
25 Mar 24
Novanta Inc. Schedules Earnings Release and Conference Call for Wednesday, February 28, 2024
29 Jan 24