Nova Ltd. Ordinary Shares - NVMI STOCK NEWS

Nova (NASDAQ: NVMI) marks its 20th anniversary in Taiwan with the inauguration of expanded offices in Hsinchu City, aimed at enhancing local training and service capabilities. The new facility features a cleanroom to expedite services and improve training for customers in Asia. This endeavor aligns with Nova's CSR strategy, utilizing over 50% sustainable materials in its construction. CEO Eitan Oppenhaim emphasized the company's commitment to maintaining high service levels and capitalizing on emerging opportunities, especially post-COVID-19.

Nova (NASDAQ: NVMI) announced its participation in the 23rd Annual Needham Growth Conference on January 12, 2021, at 9:15 a.m. EST. CEO Eitan Oppenhaim and CFO Dror David will present virtually. A live webcast will be available for the public to view. For those interested in one-on-one meetings during the conference, scheduling can be done through Needham sales representatives or directly with Miri Segal.

The conference aims to connect institutional investors with growth companies across various industries, including technology and healthcare.

Nova (Nasdaq: NVMI) has unveiled a new corporate social responsibility (CSR) strategy aimed at enhancing its ethical, social, and environmental performance. This strategy focuses on five pillars: Diversity, Inclusion, Community relations, Ethics, and Environment. The initiative seeks to create a safer workplace, promote equality, and support community engagement through resources and employee volunteering. CEO Eitan Oppenhaim highlighted the company's commitment to societal impact, especially in the wake of COVID-19.

NOVA (NASDAQ: NVMI) has launched Nova ELIPSON™, a groundbreaking materials metrology solution for semiconductor applications. This platform, designed for in-line measurement of stress, strain, and surface properties, utilizes advanced Raman Spectroscopy technology. It aims to enhance materials engineering in semiconductor fabrication, crucial for next-generation devices. Nova plans to recognize initial revenue from Nova ELIPSON™ in Q4 2020. The product is expected to contribute to organic growth and strengthen Nova's competitive position in the evolving market.

Nova (NASDAQ: NVMI) announced that Chief Financial Officer Dror David will attend two virtual investor conferences in December 2020. The Barclays Global Technology, Media and Telecommunications Conference is scheduled for December 9-10, 2020, followed by the D.A. Davidson Semicap, Laser, and Optical Conference on December 15, 2020. Investors can schedule one-on-one calls with Mr. David through their respective sales contacts. Nova specializes in advanced metrology solutions for semiconductor manufacturing, enhancing product yields and accelerating time to market.

Nova reported a record revenue of $69.5 million for Q3 2020, marking a 32% year-over-year increase. The GAAP net income reached $13.9 million or $0.48 per diluted share, 60% higher year-over-year. Non-GAAP net income also increased to $16.5 million, or $0.57 per diluted share. The company successfully completed a $200 million private offering of convertible senior notes. For Q4 2020, management expects revenue between $66 million to $73 million and diluted GAAP EPS of $0.32 to $0.43.

Nova (Nasdaq: NVMI) announced the pricing of an upsized private offering of $175 million aggregate principal amount of 0% Convertible Senior Notes due 2025. The offering was increased from the previously announced $150 million. The Notes, convertible at an initial rate of 13.4048 shares per $1,000 principal, have a conversion price of approximately $74.60 per share, representing a 27.5% premium. Net proceeds, estimated at $169.2 million, will fund share repurchases and acquisitions. The settlement is expected on October 16, 2020.

Nova (Nasdaq: NVMI) announced plans to offer $150 million in Convertible Senior Notes due 2025 in a private offering, subject to market conditions. The company may also permit an additional $22.5 million in Notes to be purchased by initial buyers. Proceeds will be used for share repurchases and general corporate purposes. Notes will be convertible into cash or ordinary shares and mature on October 15, 2025. Nova aims to enhance shareholder value while remaining compliant with securities regulations.

Nova (Nasdaq: NVMI) announced preliminary results for Q3 2020, projecting record revenue between $68 million and $70 million, surpassing earlier guidance of $58 million to $66 million. GAAP earnings per share are estimated at $0.42 to $0.47, up from the previous range of $0.25 to $0.39. Non-GAAP earnings per share are expected to reach $0.51 to $0.56, exceeding prior estimates. The final results, due November 12, 2020, may differ from these estimates.