Nova Q4 2024 Earnings Report

Key Takeaways

Nova achieved record Q4 revenue of $194.77M, up 45% YoY, driven by strong demand for materials and dimensional metrology solutions. Operating margin expanded to 28.5%, and non-GAAP EPS increased by 43% YoY.

Total Revenue

$195M

Previous year: $134M

+45.1%

EPS

$1.94

Previous year: $1.36

+42.6%

Gross Margin

56.4%

Previous year: 55.1%

+2.4%

Operating Margin

28.5%

Previous year: 25.1%

+13.5%

Gross Profit

$110M

Previous year: $74M

+48.5%

Cash and Equivalents

$158M

Previous year: $444M

-64.4%

Total Assets

$1.39B

Previous year: $1.13B

+22.6%

Nova Revenue

Nova EPS

Forward Guidance

Nova expects continued growth in Q1 2025 with projected revenue of $205M - $215M and non-GAAP EPS of $2.00 - $2.16.

Positive Outlook

Revenue guidance of $205M - $215M, implying continued growth
Non-GAAP EPS projected between $2.00 - $2.16
Strong demand for materials and dimensional metrology solutions
Expanding market presence with strategic customer engagements
Operational efficiencies contributing to profitability

Challenges Ahead

Potential macroeconomic headwinds affecting semiconductor demand
Fluctuations in foreign exchange rates impacting financial results
Competitive pressures in the metrology space
Uncertainty in global supply chains
Ongoing geopolitical risks that could affect operations