Nova Files 6-K Announcing Q4 and Full Year 2023 Earnings Report

TL;DR

**Nova just filed a 6-K announcing their Q4 and full year 2023 earnings report is out!**

AI Summary

NOVA LTD. filed a Form 6-K with the SEC on February 15, 2024, under Commission File No. 000-30668. This filing announced that the company has issued a press release titled "Nova Reports Fourth Quarter and Full Year 2023," which is incorporated by reference. The press release contains the detailed financial results for the specified periods. NOVA LTD., an Israeli company based at 5 David Fikes Street, Rehovot, operates in the optical instruments and lenses industry.

Why It Matters

This filing signals that NOVA LTD.'s financial performance for the fourth quarter and full year 2023 is now available, providing crucial information for investors to assess the company's recent operational and financial health.

Risk Assessment

Risk Level: medium — The filing itself is a routine announcement of an earnings report, not containing specific financial data to assess risk.

Key Numbers

• February 15, 2024 — Filing Date (Date the 6-K was filed)
• Q4 2023 — Reporting Period (Financial results announced)
• Full Year 2023 — Reporting Period (Financial results announced)
• 000-30668 — SEC File Number (Registrant's SEC file number)

Key Players & Entities

• NOVA LTD. (company) — registrant
• United States Securities and Exchange Commission (company) — regulatory body
• Rehovot, Israel (location) — business address
• Nova Measuring Instruments Ltd (company) — former name

FAQ

Key Financial Figures

• $134.2 m — 2023 Highlights: Quarterly revenue of $134.2 million, up 4% QoQ, exceeding the high en
• $132 million — ceeding the high end of the guidance of $132 million. Record GAAP net income of $38.1 mill
• $38.1 m — 32 million. Record GAAP net income of $38.1 million, or $1.20 per diluted share, up 1
• $1.20 — rd GAAP net income of $38.1 million, or $1.20 per diluted share, up 13% QoQ, exceedin
• $1.11 — ceeding the high end of the guidance of $1.11. Record Non-GAAP net income of $43.6 m
• $43.6 m — f $1.11. Record Non-GAAP net income of $43.6 million, or $1.36 per diluted share, up 1
• $1.36 — on-GAAP net income of $43.6 million, or $1.36 per diluted share, up 10% QoQ, exceedin
• $1.31 — ceeding the high end of the guidance of $1.31. Continued proliferation of materials
• $517.9 million — ear 2023 Highlights: Annual revenue of $517.9 million. GAAP net income of $136.3 million, or
• $136.3 m — of $517.9 million. GAAP net income of $136.3 million, or $4.28 per diluted share. Non
• $4.28 — GAAP net income of $136.3 million, or $4.28 per diluted share. Non-GAAP net income
• $155.9 m — diluted share. Non-GAAP net income of $155.9 million, or $4.86 per diluted share. Sol
• $4.86 — n-GAAP net income of $155.9 million, or $4.86 per diluted share. Solidifying Nova's
• $134,219 — 3 Q4 2022 FY 2023 FY 2022 Revenues $134,219 $128,808 $151,238 $517,922 $570,729
• $128,808 — FY 2023 FY 2022 Revenues $134,219 $128,808 $151,238 $517,922 $570,729 Net Inco

Filing Documents

• zk2430964.htm (6-K) — 503KB
• image0.jpg (GRAPHIC) — 7KB
• 0001178913-24-000609.txt ( ) — 514KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 15, 2024 NOVA LTD. (Registrant) By: /s/ Dror David ————————————— Dror David Chief Financial Officer Company Contact: Dror David, Chief Financial Officer Tel: +972-73-229-5760 E-mail - investors@novami.com Nova website link - https://www.novami.com/ Investor Relations Contact: Miri Segal MS-IR LLC Tel: +917-607-8654 E-mail - msegal@ms-ir.com Nova Reports Fourth Quarter and Full Year 2023 Results REHOVOT, Israel - February 15, 2024 - Nova (Nasdaq: NVMI) today announced financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights: Quarterly revenue of $134.2 million, up 4% QoQ, exceeding the high end of the guidance of $132 million. Record GAAP net income of $38.1 million, or $1.20 per diluted share, up 13% QoQ, exceeding the high end of the guidance of $1.11. Record Non-GAAP net income of $43.6 million, or $1.36 per diluted share, up 10% QoQ, exceeding the high end of the guidance of $1.31. Continued proliferation of materials and chemical metrology solutions across both Frontend and Backend markets. Expanding the adoption of optical metrology solutions among multiple DRAM customers for High Bandwidth Memory. Full Year 2023 Highlights: Annual revenue of $517.9 million. GAAP net income of $136.3 million, or $4.28 per diluted share. Non-GAAP net income of $155.9 million, or $4.86 per diluted share. Solidifying Nova's leadership position in materials process control. Multiple PRISM wins in Memory, Logic and Hybrid Bonding customers. GAAP Results (K) Q4 2023 Q3 2023 Q4 2022 FY 2023 FY 2022 Revenues $134,219 $128,808 $151,238 $517,922 $570,729 Net Income $38,068 $33,689 $36,098 $136,310 $140,213 Earnings per Diluted Share $1.20 $1.06 $1.15 $4.28 $4.43 Non-GA

Forward-Looking Statements

Forward-Looking Statements This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding, but not limited to, anticipated growth opportunities and projections about our business and its future revenues, expenses and profitability. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to, the following: political, economic and military instability in Israel, including related to the recent attack by Hamas and other terrorist organizations from the Gaza Strip and Israel's war against them; increased information technology security threats and sophisticated computer crime; foreign political and economic risks including supply-chain difficulties; regulations that could restrict our operations such as economic sanctions and export restrictions; changes in U.S. trade policies; indirect effects of the Russia – Ukraine conflict; market instability including inflation and recessionary pressures; risks related to doing business with China; catastrophic events such as the outbreak of COVID-19; inability to protect our intellectual property; open source technology exposure; failure to compete effectively or to respond to rapid technological changes; consolidation in our industry; difficulty in predicting the length and strength of any downturn or expansion period of the market we target; factors that adversely affect the pricing and demand for our product lines; dependency on a small number of large customers; dependency on a sin

View Full Filing

View this 6-K filing on SEC EDGAR