Novanta’s (NOVT) Second Quarter Shows Profits Outrunning Sales
Novanta Inc. (NOVT) reported Q2 revenue of $265.8M, up 10.3% YoY, with net income nearly tripling and cash from operations quadrupling. Adjusted EBITDA rose 16.4% to $60.7M. The company acquired Riverpoint Medical, expanding its medical consumables business. Q3 guidance projects over 21% revenue growth. Hedge fund ownership increased, but short interest remains high at 14.58% of float.




