Novanta inc. (NOVT)
Income statement / Quarterly
Apr'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue

155,468

159,702

154,066

155,145

157,186

156,178

160,794

150,400

146,965

146,918

146,296

119,102

108,974

98,879

97,829

97,734

90,316

90,219

92,271

96,494

94,614

94,012

94,656

96,905

79,133

82,212

79,858

79,769

75,071

38,711

69,520

70,379

65,186

51,125

78,704

82,609

91,858

91,545

85,737

Cost of revenue

91,023

93,742

90,012

89,363

90,897

91,672

91,160

85,171

84,806

84,677

87,589

65,613

62,880

56,027

56,617

56,238

53,424

53,590

52,361

55,149

54,608

54,284

54,973

58,254

47,028

48,016

45,697

46,530

44,440

20,394

40,667

39,712

37,505

29,504

44,119

45,609

51,964

50,601

47,681

Gross profit

64,445

65,960

64,054

65,782

66,289

64,506

69,634

65,229

62,159

62,241

58,707

53,489

46,094

42,852

41,212

41,496

36,892

36,629

39,910

41,345

40,006

39,728

39,683

38,651

32,105

34,196

34,161

33,239

30,631

18,317

28,853

30,667

27,681

21,621

34,585

37,000

39,894

40,944

38,056

Operating expenses:
Research and development and engineering

15,334

14,769

13,811

13,388

13,997

13,280

13,204

12,551

11,989

11,795

11,659

9,004

9,215

7,973

7,961

8,016

8,052

7,295

7,693

7,840

8,215

7,837

7,735

7,525

5,857

5,825

6,031

6,115

5,816

1,597

5,545

5,615

5,773

3,221

6,183

5,879

8,171

7,260

7,399

Selling, general and administrative

30,755

29,430

27,926

29,204

31,847

28,302

29,147

29,231

29,220

27,380

27,590

23,810

22,874

18,942

20,972

20,198

21,187

19,080

19,979

20,922

22,068

21,840

21,512

21,410

19,618

19,268

19,006

19,374

18,689

10,533

16,125

16,841

16,208

13,344

16,627

18,638

19,268

20,650

17,573

Amortization of purchased intangible assets

3,445

4,117

3,970

3,772

3,998

4,012

3,947

3,893

3,698

2,683

3,217

3,347

2,849

2,098

2,066

1,979

2,108

2,018

1,852

1,852

1,889

2,799

2,843

2,876

1,744

1,645

1,772

1,617

2,236

662

663

663

662

662

874

987

992

1,108

1,126

Restructuring and acquisition related costs

1,661

4,661

5,546

4,313

2,054

3,236

2,341

2,439

25

1,310

3,834

1,581

817

2,117

-835

3,705

2,958

4,022

1,379

416

2,437

-14

771

360

818

663

1,553

743

2,428

-3,027

2,728

2,451

2,217

2,270

14

-61

183

336

1,011

Post-emergence professional fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

94

139

481

-

Total operating expenses

51,195

52,977

51,253

50,677

51,896

48,830

48,639

48,114

44,932

43,168

46,300

37,742

35,755

31,130

30,164

33,898

34,305

32,415

30,903

31,030

34,609

73,904

32,861

32,171

28,037

27,401

28,362

27,849

29,169

9,765

25,061

25,570

24,860

19,201

23,761

25,537

28,753

29,835

27,109

Operating income

13,250

12,983

12,801

15,105

14,393

15,676

20,995

17,115

17,227

19,073

12,407

15,747

10,339

11,722

11,048

7,598

2,587

4,214

9,007

10,315

5,397

-34,176

6,822

6,480

4,068

6,795

5,799

5,390

1,462

8,552

3,792

5,097

2,821

2,420

10,824

11,463

11,141

11,109

10,947

Interest income (expense), net

-1,678

-2,136

-2,153

-2,160

-2,044

-2,499

-2,396

-2,561

-2,358

-2,291

-2,111

-1,435

-1,328

-1,088

-1,081

-1,205

-1,185

-1,160

-1,248

-1,375

-1,397

-1,431

-1,453

-1,375

-837

-808

-841

-921

-898

-649

-656

-678

-809

-

-3,254

-3,397

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

20

25

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,670

4,424

5,747

Foreign exchange transaction gains (losses), net

254

-1,235

387

27

41

311

66

177

-407

-271

-661

486

-1

1,339

188

707

83

2,230

383

-3,153

517

331

1,030

-61

-19

-338

-1,723

-459

1,219

-390

-685

620

-892

258

731

-125

-692

-449

-106

Other income (expense), net

83

-57

-48

-70

-68

87

-44

-46

-41

59

-138

-119

-31

110

686

270

743

-18,978

878

20,034

729

973

733

419

581

296

542

293

369

180

167

45

187

-84

-123

354

1,030

410

1,081

Gain on acquisition of business

-

-

-

-

-

-

-

-

-

0

0

0

26,409

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations before reorganization items and income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,666

6,200

Reorganization items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,909

10,617

Income before income taxes

11,909

9,555

10,987

12,902

12,322

13,575

18,621

14,685

14,421

16,570

9,497

14,679

35,388

12,083

10,841

7,370

2,228

5,935

9,020

25,821

5,246

-34,303

7,132

5,463

3,793

5,945

3,777

4,303

2,152

7,693

2,618

5,084

1,307

-82

8,178

8,295

7,829

757

-4,417

Income tax provision (benefit)

-38

338

2,064

2,522

69

1,931

3,632

3,060

1,584

6,893

1,131

4,689

1,114

4,327

3,371

2,499

322

-168

2,452

6,310

1,800

-6,013

2,013

2,057

937

1,246

1,533

3,018

403

-13,005

563

617

230

-1,237

851

1,363

1,567

665

638

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,470

4,871

1,906

-

-

-

-

-

-

3,406

2,856

4,699

2,244

1,285

1,749

20,698

2,055

4,467

1,077

-

7,327

6,932

-

-

-

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13

-

-790

-273

-2,678

-1,866

-411

-185

-1,827

369

-7,140

-4,570

414

322

-

1,489

3,143

-

-

-

Loss on disposal of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-321

-

-

-

-281

-311

-

-

-

-

-

-

-

-

-

-

-

Consolidated net income

11,947

9,217

8,923

10,380

12,253

11,644

14,989

11,625

12,837

9,677

8,366

9,990

34,274

7,756

7,470

4,871

1,906

-

-

-

-

-30,485

4,525

728

990

4,288

1,778

-853

2,118

15,813

-2,515

4,881

1,399

3,848

8,816

10,075

6,262

92

-5,055

Less: Net income attributable to noncontrolling interest

-

-

-

-

-

0

435

625

926

812

834

588

22

-

-

-

-

-

-

-

-

0

0

3

7

-20

-12

18

36

-5

19

8

18

-7

-29

9

55

-29

11

Net income attributable to Novanta Inc.

-

-

8,923

10,380

-

11,644

14,554

11,000

11,911

8,865

7,532

9,402

34,252

7,756

7,470

4,871

1,906

6,103

6,568

19,498

3,446

-30,485

4,525

725

983

4,308

1,790

-871

2,082

15,818

-2,534

4,873

1,381

3,855

8,845

10,066

6,207

121

-5,066

Earnings per common share from continuing operations (Note 9):
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.22

0.14

0.05

0.18

0.19

0.56

0.10

-0.82

0.15

0.10

0.08

0.14

0.07

0.03

0.05

0.62

0.06

0.13

0.03

-

0.22

0.21

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

0.14

0.05

0.17

0.19

0.56

0.10

-0.82

0.15

0.10

0.08

0.14

0.07

0.03

0.05

0.62

0.06

0.13

0.03

-

0.22

0.21

-

-

-

Loss per common share from discontinued operations:
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-0.06

-0.02

-0.08

-0.05

-0.01

-0.02

-0.06

0.01

-0.15

-0.13

0.01

0.01

-

0.04

0.09

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-0.06

-0.02

-0.08

-0.05

-0.01

-0.02

-0.06

0.01

-0.15

-0.13

0.01

0.01

-

0.04

0.09

-

-

-

Earnings per common share (Note 5):
Basic

0.34

0.26

0.25

0.30

0.35

0.34

0.61

0.32

0.19

-0.01

0.00

0.16

0.99

0.22

0.22

0.14

0.05

0.18

0.19

0.56

0.10

-0.88

0.13

0.02

0.03

0.13

0.05

-0.03

0.06

0.47

-0.07

0.14

0.04

0.12

0.26

0.30

0.19

0.00

-0.32

Diluted

0.34

0.26

0.25

0.29

0.35

0.33

0.60

0.32

0.18

-0.01

0.00

0.16

0.98

0.23

0.21

0.14

0.05

0.17

0.19

0.56

0.10

-0.88

0.13

0.02

0.03

0.13

0.05

-0.03

0.06

0.47

-0.07

0.14

0.04

0.11

0.26

0.30

0.19

0.00

-0.32

Weighted average common shares outstanding—basic

35,152

35,090

35,074

34,998

34,958

34,917

34,899

34,949

34,887

34,843

34,833

34,827

34,765

34,708

34,677

34,734

34,657

34,581

34,599

34,630

34,506

34,414

34,389

34,378

34,227

34,119

34,102

34,088

33,983

33,836

33,803

33,782

33,679

33,508

33,489

33,478

33,449

29,551

15,967

Weighted average common shares outstanding—diluted

35,561

35,622

35,585

35,503

35,474

35,505

35,485

35,474

35,428

35,699

34,833

35,463

35,125

34,988

34,928

34,887

34,853

34,225

35,055

35,029

34,999

33,239

34,793

34,707

34,669

34,611

34,417

34,285

34,271

34,001

33,912

33,953

33,878

33,641

33,588

33,595

33,532

29,565

15,967

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,103

6,568

19,511

3,446

-

5,119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to Novanta Inc.

-

-

8,923

10,380

-

11,644

14,554

11,000

11,911

8,865

7,532

9,402

34,252

7,756

7,470

4,871

1,906

6,103

6,568

19,498

3,446

-30,485

4,525

725

983

4,308

1,790

-871

2,082

15,818

-2,534

4,873

1,381

3,855

8,845

10,066

6,207

121

-5,066