Novanta Historical Income Statement

NOVT Stock

USD 164.03 2.59 1.55%

Historical analysis of Novanta income statement accounts such as Gross Profit of 419.9 M can show how well Novanta performed in making a profits. Evaluating Novanta income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Novanta's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Novanta latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Novanta is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novanta. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Novanta Stock please use our How to Invest in Novanta guide.

About Novanta Income Statement Analysis

Novanta Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Novanta shareholders. The income statement also shows Novanta investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Novanta Income Statement Chart

At this time, Novanta's Net Income is comparatively stable compared to the past year. Income Tax Expense is likely to gain to about 11.4 M in 2024, whereas Cost Of Revenue is likely to drop slightly above 258.1 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Research Development Tax Provision

Total Revenue

Total revenue comprises all receipts Novanta generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Novanta minus its cost of goods sold. It is profit before Novanta operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Novanta. It is also known as Novanta overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from Novanta's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Novanta current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novanta. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Novanta Stock please use our How to Invest in Novanta guide.At this time, Novanta's Net Income is comparatively stable compared to the past year. Income Tax Expense is likely to gain to about 11.4 M in 2024, whereas Cost Of Revenue is likely to drop slightly above 258.1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	300.3M	378.5M	399.9M	419.9M
Total Revenue	706.8M	860.9M	881.7M	925.7M

Gross Profit Total Revenue

Novanta income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Discontinued Operations	Non Recurring	Tax Provision	Interest Income	Extraordinary Items	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.47	0.82	0.79	0.98	0.77	0.77	0.79	0.82	0.99	0.97	0.7	-0.31	0.69	0.55	0.87	0.53	0.69	-0.17	0.66	-0.65	-0.15	0.84	0.75	-0.52	0.81
Interest Expense	0.47		0.84	0.87	0.58	0.78	0.83	0.85	0.81	0.56	0.61	0.74	-0.39	0.74	0.51	0.36	0.11	0.55	-0.22	0.36	-0.51	0.02	0.52	0.57	-0.94	0.73
Total Revenue	0.82	0.84		1.0	0.86	0.94	0.94	0.99	0.97	0.85	0.86	0.87	-0.4	0.87	0.64	0.72	0.25	0.7	-0.22	0.67	-0.74	-0.18	0.77	0.83	-0.85	0.91
Gross Profit	0.79	0.87	1.0		0.84	0.94	0.94	0.99	0.96	0.83	0.84	0.88	-0.4	0.87	0.63	0.7	0.25	0.7	-0.22	0.65	-0.73	-0.15	0.75	0.81	-0.88	0.91
Other Operating Expenses	0.98	0.58	0.86	0.84		0.82	0.8	0.83	0.84	1.0	1.0	0.76	-0.31	0.75	0.58	0.85	0.53	0.75	-0.18	0.65	-0.67	-0.1	0.84	0.75	-0.62	0.84
Operating Income	0.77	0.78	0.94	0.94	0.82		0.84	0.93	0.87	0.82	0.81	0.91	-0.26	0.93	0.62	0.63	0.24	0.8	-0.2	0.7	-0.72	-0.23	0.76	0.83	-0.77	0.85
Ebit	0.77	0.83	0.94	0.94	0.8	0.84		0.92	0.99	0.79	0.8	0.72	-0.62	0.71	0.5	0.64	0.33	0.5	-0.35	0.5	-0.57	-0.18	0.69	0.74	-0.81	0.84
Research Development	0.79	0.85	0.99	0.99	0.83	0.93	0.92		0.94	0.82	0.84	0.84	-0.41	0.85	0.57	0.7	0.18	0.7	-0.28	0.62	-0.72	-0.23	0.76	0.8	-0.87	0.93
Ebitda	0.82	0.81	0.97	0.96	0.84	0.87	0.99	0.94		0.84	0.84	0.76	-0.57	0.75	0.54	0.7	0.33	0.56	-0.32	0.56	-0.63	-0.2	0.74	0.78	-0.81	0.87
Cost Of Revenue	0.99	0.56	0.85	0.83	1.0	0.82	0.79	0.82	0.84		0.99	0.76	-0.3	0.75	0.58	0.85	0.53	0.76	-0.17	0.66	-0.68	-0.12	0.85	0.76	-0.59	0.83
Total Operating Expenses	0.97	0.61	0.86	0.84	1.0	0.81	0.8	0.84	0.84	0.99		0.75	-0.32	0.74	0.56	0.85	0.52	0.75	-0.2	0.62	-0.65	-0.07	0.82	0.72	-0.65	0.86
Income Before Tax	0.7	0.74	0.87	0.88	0.76	0.91	0.72	0.84	0.76	0.76	0.75		0.04	0.99	0.79	0.59	0.28	0.87	0.12	0.78	-0.84	0.02	0.66	0.8	-0.73	0.73
Total Other Income Expense Net	-0.31	-0.39	-0.4	-0.4	-0.31	-0.26	-0.62	-0.41	-0.57	-0.3	-0.32	0.04		0.02	0.16	-0.31	-0.06	0.16	0.64	0.08	-0.04	0.38	-0.31	-0.22	0.43	-0.42
Net Income	0.69	0.74	0.87	0.87	0.75	0.93	0.71	0.85	0.75	0.75	0.74	0.99	0.02		0.69	0.57	0.25	0.89	0.05	0.73	-0.81	-0.04	0.69	0.79	-0.73	0.75
Income Tax Expense	0.55	0.51	0.64	0.63	0.58	0.62	0.5	0.57	0.54	0.58	0.56	0.79	0.16	0.69		0.48	0.25	0.59	0.36	0.82	-0.79	0.2	0.35	0.66	-0.48	0.45
Selling General Administrative	0.87	0.36	0.72	0.7	0.85	0.63	0.64	0.7	0.7	0.85	0.85	0.59	-0.31	0.57	0.48		0.31	0.63	-0.1	0.67	-0.66	-0.06	0.74	0.7	-0.56	0.76
Selling And Marketing Expenses	0.53	0.11	0.25	0.25	0.53	0.24	0.33	0.18	0.33	0.53	0.52	0.28	-0.06	0.25	0.25	0.31		0.16	0.11	0.32	-0.24	0.07	0.25	0.19	0.0	0.11
Net Income From Continuing Ops	0.69	0.55	0.7	0.7	0.75	0.8	0.5	0.7	0.56	0.76	0.75	0.87	0.16	0.89	0.59	0.63	0.16		0.08	0.63	-0.72	0.09	0.74	0.7	-0.61	0.7
Non Operating Income Net Other	-0.17	-0.22	-0.22	-0.22	-0.18	-0.2	-0.35	-0.28	-0.32	-0.17	-0.2	0.12	0.64	0.05	0.36	-0.1	0.11	0.08		0.18	-0.24	0.45	-0.23	-0.12	0.25	-0.4
Discontinued Operations	0.66	0.36	0.67	0.65	0.65	0.7	0.5	0.62	0.56	0.66	0.62	0.78	0.08	0.73	0.82	0.67	0.32	0.63	0.18		-0.87	-0.19	0.5	0.77	-0.42	0.51
Non Recurring	-0.65	-0.51	-0.74	-0.73	-0.67	-0.72	-0.57	-0.72	-0.63	-0.68	-0.65	-0.84	-0.04	-0.81	-0.79	-0.66	-0.24	-0.72	-0.24	-0.87		0.13	-0.5	-0.84	0.56	-0.6
Tax Provision	-0.15	0.02	-0.18	-0.15	-0.1	-0.23	-0.18	-0.23	-0.2	-0.12	-0.07	0.02	0.38	-0.04	0.2	-0.06	0.07	0.09	0.45	-0.19	0.13		-0.29	-0.25	-0.03	-0.15
Interest Income	0.84	0.52	0.77	0.75	0.84	0.76	0.69	0.76	0.74	0.85	0.82	0.66	-0.31	0.69	0.35	0.74	0.25	0.74	-0.23	0.5	-0.5	-0.29		0.65	-0.59	0.75
Extraordinary Items	0.75	0.57	0.83	0.81	0.75	0.83	0.74	0.8	0.78	0.76	0.72	0.8	-0.22	0.79	0.66	0.7	0.19	0.7	-0.12	0.77	-0.84	-0.25	0.65		-0.63	0.69
Net Interest Income	-0.52	-0.94	-0.85	-0.88	-0.62	-0.77	-0.81	-0.87	-0.81	-0.59	-0.65	-0.73	0.43	-0.73	-0.48	-0.56	0.0	-0.61	0.25	-0.42	0.56	-0.03	-0.59	-0.63		-0.8
Reconciled Depreciation	0.81	0.73	0.91	0.91	0.84	0.85	0.84	0.93	0.87	0.83	0.86	0.73	-0.42	0.75	0.45	0.76	0.11	0.7	-0.4	0.51	-0.6	-0.15	0.75	0.69	-0.8

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Novanta Account Relationship Matchups

Novanta income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	38.3M	38.3M	43.4M	53.2M	46.6M	23.7M
Interest Expense	8.5M	6.6M	7.4M	15.6M	25.8M	27.1M
Total Revenue	626.1M	590.6M	706.8M	860.9M	881.7M	925.7M
Gross Profit	262.1M	244.5M	300.3M	378.5M	399.9M	419.9M
Other Operating Expenses	554.2M	530.9M	624.7M	753.4M	771.2M	403.3M
Operating Income	89.2M	55.9M	100.2M	103.1M	110.5M	116.0M
Ebit	89.2M	59.8M	83.1M	107.8M	117.5M	123.4M
Research Development	56.0M	61.0M	72.5M	85.8M	91.7M	96.3M
Ebitda	127.5M	98.1M	126.5M	161.0M	164.2M	172.4M
Cost Of Revenue	364.0M	346.1M	406.5M	482.4M	481.8M	258.1M
Total Operating Expenses	190.2M	184.8M	218.3M	271.0M	289.4M	145.2M
Income Before Tax	45.8M	48.4M	56.2M	87.2M	83.7M	87.9M
Total Other Income Expense Net	(43.4M)	(7.5M)	(7.9M)	(15.9M)	(26.7M)	(28.1M)
Net Income	40.8M	44.5M	50.3M	74.1M	72.9M	76.5M
Income Tax Expense	5.0M	3.9M	5.8M	13.1M	10.9M	11.4M
Selling General Administrative	118.4M	109.9M	129.2M	158.9M	161.5M	88.5M
Net Income Applicable To Common Shares	40.8M	44.5M	50.3M	74.1M	85.2M	89.4M
Net Income From Continuing Ops	40.8M	44.5M	50.3M	74.1M	75.6M	42.3M
Non Operating Income Net Other	(1.0M)	(921K)	(495K)	(304K)	(273.6K)	(259.9K)
Tax Provision	5.0M	3.9M	5.8M	13.1M	11.3M	7.5M
Net Interest Income	(8.5M)	(6.6M)	(7.4M)	(15.6M)	(25.6M)	(24.3M)
Reconciled Depreciation	38.3M	38.3M	43.4M	53.2M	47.2M	45.3M

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Novanta Historical Income Statement

About Novanta Income Statement Analysis

Novanta Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Tax Provision

Novanta income statement Correlations

Novanta Account Relationship Matchups

High Positive Relationship

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Novanta income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Total Operating Expenses	+ 1.0	Other Operating Expenses
Cost Of Revenue	+ 0.99	Depreciation And Amortization
Research Development	+ 0.99	Total Revenue
Research Development	+ 0.99	Gross Profit

Net Interest Income	- 0.94	Interest Expense
Net Interest Income	- 0.88	Gross Profit
Non Recurring	- 0.87	Discontinued Operations
Net Interest Income	- 0.87	Research Development
Net Interest Income	- 0.85	Total Revenue
Extraordinary Items	- 0.84	Non Recurring