Novanta (NOVT) Revenue & Revenue Breakdown

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Novanta Revenue Highlights

Latest Revenue (Y)

$881.66M

Latest Revenue (Q)

$244.41M

Main Segment (Y)

Medical Solutions

Main Geography (Y)

UNITED STATES

Novanta Revenue by Period

Novanta Revenue by Year

Date	Revenue	Change
2023-12-31	$881.66M	2.41%
2022-12-31	$860.90M	21.80%
2021-12-31	$706.79M	19.67%
2020-12-31	$590.62M	-5.67%
2019-12-31	$626.10M	1.91%
2018-12-31	$614.34M	17.85%
2017-12-31	$521.29M	35.49%
2016-12-31	$384.76M	2.99%
2015-12-31	$373.60M	2.44%
2014-12-31	$364.71M	6.76%
2013-12-31	$341.61M	25.82%
2012-12-31	$271.50M	-25.88%
2011-12-31	$366.28M	-4.49%
2010-12-31	$383.52M	68.17%
2009-12-31	$228.05M	-20.94%
2008-12-31	$288.47M	-9.23%
2007-12-31	$317.80M	1.34%
2006-12-31	$313.61M	20.26%
2005-12-31	$260.78M	-20.98%
2004-12-31	$330.01M	77.85%
2003-12-31	$185.56M	16.65%
2002-12-31	$159.07M	-35.83%
2001-12-31	$247.90M	-33.69%
2000-12-31	$373.86M	36.15%
1999-12-31	$274.60M	90.43%
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

Date	Revenue	Change
2024-09-27	$244.41M	3.62%
2024-06-28	$235.86M	2.14%
2024-03-29	$230.92M	9.14%
2023-12-31	$211.57M	-4.48%
2023-09-29	$221.50M	-3.47%
2023-06-30	$229.46M	4.72%
2023-03-31	$219.13M	0.34%
2022-12-31	$218.37M	-2.06%
2022-09-30	$222.96M	3.53%
2022-07-01	$215.36M	5.46%
2022-04-01	$204.22M	2.64%
2021-12-31	$198.96M	11.95%
2021-10-01	$177.73M	6.09%
2021-07-02	$167.52M	3.04%
2021-04-02	$162.58M	10.23%
2020-12-31	$147.50M	3.20%
2020-10-02	$142.93M	-1.24%
2020-07-03	$144.73M	-6.91%
2020-04-03	$155.47M	-2.65%
2019-12-31	$159.70M	3.66%
2019-09-27	$154.07M	-0.70%
2019-06-28	$155.15M	-1.30%
2019-03-29	$157.19M	0.65%
2018-12-31	$156.18M	-2.87%
2018-09-28	$160.79M	6.91%
2018-06-29	$150.40M	2.34%
2018-03-30	$146.97M	0.03%
2017-12-31	$146.92M	0.43%
2017-09-29	$146.30M	22.83%
2017-06-30	$119.10M	9.29%
2017-03-31	$108.97M	10.21%
2016-12-31	$98.88M	1.07%
2016-09-30	$97.83M	0.10%
2016-07-01	$97.73M	8.21%
2016-04-01	$90.32M	0.11%
2015-12-31	$90.22M	-2.22%
2015-10-02	$92.27M	-4.38%
2015-07-03	$96.49M	1.99%
2015-04-03	$94.61M	0.64%
2014-12-31	$94.01M	-0.68%
2014-09-26	$94.66M	-2.32%
2014-06-27	$96.91M	22.46%
2014-03-28	$79.13M	-9.78%
2013-12-31	$87.71M	2.60%
2013-09-27	$85.48M	0.21%
2013-06-28	$85.31M	2.64%
2013-03-29	$83.11M	25.15%
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	$101.37M	10.36%
2011-04-01	$91.86M	0.26%
2010-12-31	$91.62M	0.08%
2010-10-01	$91.55M	6.77%
2010-07-02	$85.74M	-25.20%
2010-04-02	$114.61M	58.07%
2009-12-31	$72.51M	31.67%
2009-10-02	$55.07M	-12.46%
2009-07-03	$62.90M	-1.57%
2009-04-03	$63.91M	-33.66%
2008-12-31	$96.33M	34.84%
2008-09-26	$71.44M	8.23%
2008-06-27	$66.01M	-

Novanta generated $244.41M in revenue during Q3 2024, up 3.62% compared to the previous quarter, and up 106.51% compared to the same period a year ago.

Novanta Revenue Breakdown

Novanta Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Medical Solutions	$325.22M	-	-	-	-
Photonics	-	$274.67M	$232.46M	$199.61M	$230.46M
Vision	-	$277.99M	$262.06M	$261.65M	$271.41M
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/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jul 22	Apr 22	Dec 21	Oct 21	Jul 21	Apr 21	Dec 20	Oct 20	Jul 20	Apr 20	Dec 19	Sep 19
Medical Solutions	$103.78M	$102.45M	$80.88M	$83.38M	$83.32M	$77.64M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
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
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

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

Novanta Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
UNITED STATES	$418.26M	$372.35M	$270.83M	$225.76M	$254.28M
Rest Of Europe	$137.03M	$137.80M	$138.86M	$127.04M	$129.64M
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

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

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jul 22	Apr 22	Dec 21	Oct 21	Jul 21	Apr 21	Dec 20	Oct 20	Jul 20	Apr 20	Dec 19	Sep 19
Rest Of Asia Pacific	$27.15M	$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
Rest Of Europe	$30.58M	$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
UNITED STATES	$124.33M	$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	-
CHINA	$24.62M	$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	-
GERMANY	$33.56M	$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	-
Other Countries	$4.16M	$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
D E	-	-	-	-	-	-	-	-	-	-	-	$25.31M	-	-	-	-	-	-	-	-
U S	-	-	-	-	-	-	-	-	-	-	-	$72.97M	-	-	-	-	-	-	-	-
C N	-	-	-	-	-	-	-	-	-	-	-	$22.23M	-	-	-	-	-	-	-	-

Novanta's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (50.87%), GERMANY (13.73%), Rest Of Europe (12.51%), Rest Of Asia Pacific (11.11%), CHINA (10.07%), and Other Countries (1.70%).

Novanta Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
FTV	Fortive	$6.07B	$1.53B
ST	Sensata Technologies	$4.05B	$982.83B
VNT	Vontier	$3.10B	$750.00M
ITRI	Itron	$2.17B	$615.46M
ESE	ESCO	$1.03B	$260.78M
NOVT	Novanta	$881.66M	$244.41M
BMI	Badger Meter	$703.59M	$208.44M
VPG	Vishay Precision Group	$355.05M	$75.73M
SOTK	Sono-Tek	$19.70M	$5.16M
MLAB	Mesa Laboratories	-	$58.17M

NOVT Revenue FAQ

What is Novanta’s yearly revenue?

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.

What is Novanta’s quarterly revenue?

Novanta's quarterly revenue for Q3 2024 was $244.4M, a 3.62% increase from the previous quarter (Q2 2024), and a 10.34% increase year-over-year (Q3 2023). The company'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). NOVT'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).

What is Novanta’s revenue growth rate?

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%.

What are Novanta’s revenue streams?

Novanta's revenue streams in c 23 are Medical Solutions

What is Novanta’s main source of revenue?

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.