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Nova Ltd. (Nasdaq: NVMI) is a globally renowned provider of advanced metrology solutions for semiconductor manufacturing. Nova’s technology is utilized by over 80% of the largest integrated-circuit manufacturers, ensuring precise process control through high-volume complex measurements. The company's product line includes both integrated and stand-alone metrology platforms, complemented by the powerful NovaMars® modeling engine. This combination allows Nova to support semiconductor manufacturers throughout the entire product lifecycle, from application development to high-volume production.
Nova's unique metrology solutions employ a blend of spectroscopic reflectometry and scatterometry. These technologies measure a variety of features and parameters such as CD (critical dimension), trench depth, photoresist height, and the thickness and shape of complex layer stacks. Key products include Nova 2040, Nova 3090Next, Nova i500, i500 Plus, Nova T500, T600, V2600, HelioSense 100, Nova Hybrid Metrology solution, and NovaMars. These products are pivotal in providing the tight wafer-to-wafer and within-wafer control necessary for the development and production of advanced semiconductor devices.
Financially, Nova reported a total revenue of $128.8 million in the third quarter of 2023 and displayed a robust performance with a gross margin of 56%. The company’s non-GAAP net income stood at $39.4 million for the same period. Nova anticipates continued growth, backed by its expanding materials metrology offerings and the increasing adoption of its optical metrology solutions. The company has also introduced the second-generation Nova Metrion® system, which offers increased sensitivity and enhanced charge compensation for advanced process control measurements.
Geographically, Nova's revenue is mainly generated from China, but the company also operates extensively in Taiwan, Korea, the United States, and Europe. Nova’s innovations are critical in the manufacturing of next-generation devices, as highlighted by its recent partnership with Samsung R&D Center to develop and demonstrate new metrology techniques.
As Nova looks forward to the future, the company remains committed to delivering state-of-the-art metrology solutions that drive semiconductor manufacturers' performance and enhance product yields. With a comprehensive product portfolio and a strategic vision aimed at reaching a $1 billion revenue target, Nova continues to be a key player in the semiconductor industry.
Nova (Nasdaq: NVMI) announced a definitive agreement to acquire ancosys GmbH for approximately $100 million, including a $10 million performance-based earnout. The deal, expected to close in Q1 2022, will enhance Nova's semiconductor manufacturing capabilities and expand its market reach into back-end processes and advanced packaging. Nova anticipates that the acquisition will be accretive on a non-GAAP basis within 12 months. This strategic move aims to broaden Nova’s portfolio and support its growth in chemical metrology solutions.
Nova (Nasdaq: NVMI) reported record financial results for Q3 2021, with revenues reaching $112.7 million, a 62% increase year-over-year. GAAP net income surged to $30.3 million ($1.02 per share), up 113% per share compared to Q3 2020. Non-GAAP net income also rose to $34.5 million ($1.16 per share), reflecting a 104% increase. The company outlined a strong outlook for Q4 2021, expecting revenues between $113 million and $123 million.
NOVA (NASDAQ: NVMI) will announce its Q3 2021 financial results on November 4, 2021, before market opening. Following the release, a conference call led by CEO Eitan Oppenhaim and CFO Dror David will occur at 8:30 a.m. ET. Investors can join the call via toll-free numbers or a webcast. A replay will be accessible until November 11, 2021. Nova specializes in metrology solutions for semiconductor manufacturing, enhancing performance and product yields.
Nova (Nasdaq: NVMI) announced that a leading multinational logic manufacturer has chosen the Nova VERAFLEX IV for its next-generation integrated circuit development. This selection is anticipated to drive global growth in the manufacturer's production capacity and advanced node transitions. Nova VERAFLEX IV, known for its superior materials metrology, is pivotal in measuring complex 3D logic devices with precise sub-angstrom measurements. CEO Eitan Oppenhaim emphasized the platform's increasing traction since its 2021 launch, reinforcing Nova's innovative leadership in materials engineering.
NOVA (NASDAQ: NVMI) announced an order for an additional ELIPSON platform from a major integrated circuits manufacturer, enhancing high-volume production of advanced memory devices. The ELIPSON platform has successfully contributed to R&D and is utilized in various applications, including DRAM, Logic, and NAND. CEO Eitan Oppenhaim expressed confidence in the adoption of their metrology solutions, positioning NOVA to meet next-generation semiconductor challenges. This order reflects growing demand for NOVA's innovative technology amidst evolving industry needs.
Nova (Nasdaq: NVMI) announced that a top integrated circuit manufacturer has selected its Nova PRISM platform for advanced 3D NAND nodes. This decision follows an extensive evaluation, highlighting the platform's superior metrology performance powered by spectral interferometry (SI) technology. SI technology enhances measurement accuracy in complex 3D NAND structures, crucial for device performance. CEO Eitan Oppenhaim emphasized the selection as a testament to Nova's innovative leadership and its commitment to helping customers reduce development cycles and accelerate time to market.
NOVA (NASDAQ: NVMI) announced that CFO Dror David will participate in Citi's 2021 Global Technology Virtual Conference on September 14, 2021, at 9:40 AM ET. He will engage in a fireside chat and be available for one-on-one meetings on the same day. Interested parties can schedule meetings through Citi representatives or Miri Segal at msegal@ms-ir.com. A live webcast and replay of the event can be accessed here.
Nova (NASDAQ: NVMI) has announced the participation of Chief Financial Officer Dror David in two upcoming virtual investor conferences. The Needham Virtual 2nd Annual SemiCap and EDA Conference is scheduled for August 24, 2021, and the Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit will take place on August 31, 2021. Both conferences will allow for one-on-one meetings with Dror David. Nova is a leader in metrology solutions for semiconductor manufacturing, aiming to enhance product yields and accelerate market entry.
Nova (Nasdaq: NVMI) has appointed Sarit Sagiv to its Board of Directors effective immediately. Ms. Sagiv brings extensive experience from roles such as General Manager of Global Business at Amdocs and Chief Financial Officer at Nice Ltd. and Retalix Ltd. Her background in high-tech and operational roles is expected to contribute positively to Nova's growth strategy. Dr. Micha Brunstein, Nova's Chairman, expressed enthusiasm for her appointment, emphasizing the potential for future growth.
Nova reported record financial results for Q2 2021, with revenues of $97.7 million, a 56% increase year-over-year. GAAP net income reached $22.9 million ($0.77 per diluted share), up 157% year-over-year. Non-GAAP net income was $26.9 million ($0.90 per diluted share), an 88% increase year-over-year. The growth was driven by a surge in optical CD standalone solutions and increased exposure in China. For Q3 2021, management forecasts revenue between $99 million and $106 million.
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