Novanta (NOVT) Revenue & Revenue Breakdown


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Novanta Revenue Highlights


Latest Revenue (Y)

$881.66M

Latest Revenue (Q)

$235.86M

Main Segment (Y)

Medical Solutions

Main Geography (Y)

UNITED STATES

Novanta Revenue by Period


Novanta Revenue by Year

DateRevenueChange
2023-12-31$881.66M2.41%
2022-12-31$860.90M21.80%
2021-12-31$706.79M19.67%
2020-12-31$590.62M-5.67%
2019-12-31$626.10M1.91%
2018-12-31$614.34M17.85%
2017-12-31$521.29M35.49%
2016-12-31$384.76M2.99%
2015-12-31$373.60M2.44%
2014-12-31$364.71M6.76%
2013-12-31$341.61M25.82%
2012-12-31$271.50M-25.88%
2011-12-31$366.28M-4.49%
2010-12-31$383.52M68.17%
2009-12-31$228.05M-20.94%
2008-12-31$288.47M-9.23%
2007-12-31$317.80M1.34%
2006-12-31$313.61M20.26%
2005-12-31$260.78M-20.98%
2004-12-31$330.01M77.85%
2003-12-31$185.56M16.65%
2002-12-31$159.07M-35.83%
2001-12-31$247.90M-33.69%
2000-12-31$373.86M36.15%
1999-12-31$274.60M90.43%
1998-12-31$144.20M-

Novanta generated $881.66M in revenue during NA 2023, up 2.41% compared to the previous quarter, and up 143.51% compared to the same period a year ago.

Novanta Revenue by Quarter

DateRevenueChange
2024-06-28$235.86M2.14%
2024-03-29$230.92M9.14%
2023-12-31$211.57M-4.48%
2023-09-29$221.50M-3.47%
2023-06-30$229.46M4.72%
2023-03-31$219.13M0.34%
2022-12-31$218.37M-2.06%
2022-09-30$222.96M3.53%
2022-07-01$215.36M5.46%
2022-04-01$204.22M2.64%
2021-12-31$198.96M11.95%
2021-10-01$177.73M6.09%
2021-07-02$167.52M3.04%
2021-04-02$162.58M10.23%
2020-12-31$147.50M3.20%
2020-10-02$142.93M-1.24%
2020-07-03$144.73M-6.91%
2020-04-03$155.47M-2.65%
2019-12-31$159.70M3.66%
2019-09-27$154.07M-0.70%
2019-06-28$155.15M-1.30%
2019-03-29$157.19M0.65%
2018-12-31$156.18M-2.87%
2018-09-28$160.79M6.91%
2018-06-29$150.40M2.34%
2018-03-30$146.97M0.03%
2017-12-31$146.92M0.43%
2017-09-29$146.30M22.83%
2017-06-30$119.10M9.29%
2017-03-31$108.97M10.21%
2016-12-31$98.88M1.07%
2016-09-30$97.83M0.10%
2016-07-01$97.73M8.21%
2016-04-01$90.32M0.11%
2015-12-31$90.22M-2.22%
2015-10-02$92.27M-4.38%
2015-07-03$96.49M1.99%
2015-04-03$94.61M0.64%
2014-12-31$94.01M-0.68%
2014-09-26$94.66M-2.32%
2014-06-27$96.91M22.46%
2014-03-28$79.13M-9.78%
2013-12-31$87.71M2.60%
2013-09-27$85.48M0.21%
2013-06-28$85.31M2.64%
2013-03-29$83.11M25.15%
2012-12-31$66.41M-4.47%
2012-09-28$69.52M-1.22%
2012-06-29$70.38M-10.69%
2012-03-30$78.81M-1.24%
2011-12-31$79.80M-14.44%
2011-09-30$93.26M-8.00%
2011-07-01$101.37M10.36%
2011-04-01$91.86M0.26%
2010-12-31$91.62M0.08%
2010-10-01$91.55M6.77%
2010-07-02$85.74M-25.20%
2010-04-02$114.61M58.07%
2009-12-31$72.51M31.67%
2009-10-02$55.07M-12.46%
2009-07-03$62.90M-1.57%
2009-04-03$63.91M-33.66%
2008-12-31$96.33M34.84%
2008-09-26$71.44M8.23%
2008-06-27$66.01M-

Novanta generated $235.86M in revenue during Q2 2024, up 2.14% compared to the previous quarter, and up 107.64% compared to the same period a year ago.

Novanta Revenue Breakdown


Novanta Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Medical Solutions$325.22M----
Vision-$277.99M$262.06M$261.65M$271.41M
Photonics-$274.67M$232.46M$199.61M$230.46M
Precision Motion-$308.24M$212.27M$129.36M$124.23M

Novanta's latest annual revenue breakdown by segment (product or service), as of Dec 23: Medical Solutions (100.00%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Apr 22Dec 21Oct 21Jul 21Apr 21Dec 20Oct 20Jul 20Apr 20Dec 19Sep 19Jun 19
Medical Solutions$102.45M$80.88M$83.38M$83.32M$77.64M---------------
Vision-----$77.08M$73.34M$65.52M$62.05M$65.63M$65.35M$63.45M$67.64M$63.60M$64.30M$64.74M$69.01M$69.65M$69.92M$65.89M
Precision Motion-----$69.66M$78.81M$80.38M$79.38M$76.98M$57.12M$41.72M$36.45M$33.62M$32.24M$32.19M$31.32M$31.67M$29.57M$30.96M
Photonics-----$71.63M$70.80M$69.46M$62.78M$56.35M$55.26M$62.36M$58.49M$50.28M$46.39M$47.80M$55.14M$58.38M$54.57M$58.29M

Novanta's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Medical Solutions (100.00%).

Novanta Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
UNITED STATES$418.26M$372.35M$270.83M$225.76M$254.28M
CHINA$73.44M$97.18M$95.05M$70.56M$59.51M
GERMANY$128.23M$133.73M$101.86M$83.77M$82.03M
Other Countries$19.35M$18.25M$10.99M$9.17M$11.04M
Rest Of Asia Pacific$105.35M$101.60M$89.20M$74.33M$89.59M
Rest Of Europe$137.03M$137.80M$138.86M$127.04M$129.64M

Novanta's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (47.44%), Rest Of Europe (15.54%), GERMANY (14.54%), Rest Of Asia Pacific (11.95%), CHINA (8.33%), and Other Countries (2.19%).

Quarterly Revenue by Country

CountryMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Apr 22Dec 21Oct 21Jul 21Apr 21Dec 20Oct 20Jul 20Apr 20Dec 19Sep 19Jun 19
Rest Of Europe$30.97M$38.87M$34.26M$34.54M$29.36M$32.48M$34.00M$37.92M$33.37M$33.52M$34.16M$35.60M$35.58M$32.76M$30.48M$30.71M$33.09M$32.41M$30.49M$35.97M
UNITED STATES$117.08M$96.37M$110.46M$107.59M$103.84M$103.76M$99.23M$86.65M$82.72M$79.13M$59.50M$59.23M$54.40M$57.63M$54.52M$59.20M$64.23M$63.28M$62.01M-
Other Countries$5.36M$3.42M$3.78M$6.99M$5.15M$4.44M$4.01M$4.71M$6.71M$4.69M$1.79M$2.38M$2.12M$2.19M$2.10M$2.03M$2.84M$3.43M$2.76M$2.23M
GERMANY$33.18M$28.01M$33.26M$32.10M$34.86M$34.20M$34.63M$33.12M$31.78M$30.42M$23.77M$22.36M$19.50M$18.89M$22.15M$23.23M$18.29M$21.42M$18.84M-
CHINA$17.07M$19.11M$15.68M$20.85M$17.80M$16.30M$24.21M$29.87M$26.80M$26.76M$23.51M$22.55M$20.27M$17.41M$17.47M$15.40M$17.12M$11.89M$15.39M-
Rest Of Asia Pacific$27.26M$25.79M$24.06M$27.39M$28.11M$27.20M$26.89M$23.09M$22.84M$24.43M$21.26M$22.76M$20.75M$18.38M$16.41M$17.84M$21.70M$24.22M$24.22M$20.70M
U S----------$72.97M---------
D E----------$25.31M---------
C N----------$22.23M---------

Novanta's latest quarterly revenue breakdown by geography, as of Mar 24: UNITED STATES (50.70%), GERMANY (14.37%), Rest Of Europe (13.41%), Rest Of Asia Pacific (11.80%), CHINA (7.39%), and Other Countries (2.32%).

Novanta Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
FTVFortive$6.07B$1.53B
STSensata Technologies$4.05B$1.04T
VNTVontier$3.10B$750.00M
ITRIItron$2.17B$615.46M
ESEESCO$956.03M$260.78M
NOVTNovanta$881.66M$235.86M
BMIBadger Meter$703.59M$208.44M
VPGVishay Precision Group$355.05M$77.36M
SOTKSono-Tek$19.70M$5.16M
MLABMesa Laboratories-$58.17M

NOVT Revenue FAQ


Novanta's yearly revenue for 2023 was $881.66M, representing an increase of 2.41% compared to 2022. The company's yearly revenue for 2022 was $860.9M, representing an increase of 21.80% compared to 2021. NOVT's yearly revenue for 2021 was $706.79M, representing an increase of 19.67% compared to 2020.

Novanta's quarterly revenue for Q2 2024 was $235.86M, a 2.14% increase from the previous quarter (Q1 2024), and a 2.79% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $230.92M, a 9.14% increase from the previous quarter (Q4 2023), and a 5.38% increase year-over-year (Q1 2023). NOVT's quarterly revenue for Q4 2023 was $211.57M, a -4.48% decrease from the previous quarter (Q3 2023), and a -3.12% decrease year-over-year (Q4 2022).

Novanta's revenue growth rate for the last 3 years (2021-2023) was 24.74%, and for the last 5 years (2019-2023) was 40.82%.

Novanta's revenue streams in c 23 are Medical Solutions

For the fiscal year ending Dec 23, the largest source of revenue of Novanta was Medical Solutions. This segment made a revenue of $325.22M, representing 100.00% of the company's total revenue.