Nova Ltd. Reports Record Q4 and Full Year 2024 Results

TL;DR

Nova Ltd. just dropped record 2024 earnings, looks like they're crushing it.

AI Summary

Nova Ltd. reported record fourth quarter and full year 2024 results on February 13, 2025. The company, formerly known as Nova Measuring Instruments Ltd., is based in Rehovot, Israel, and operates in the optical instruments and lenses sector.

Why It Matters

This filing indicates strong financial performance for Nova Ltd. in 2024, which could signal positive future growth and investor confidence.

Risk Assessment

Risk Level: low — The filing is a routine earnings report and does not contain any new material risks.

Key Players & Entities

• Nova Ltd. (company) — Registrant
• Nova Measuring Instruments Ltd. (company) — Former company name
• February 13, 2025 (date) — Filing date
• 2024 (date) — Reporting period

FAQ

Key Financial Figures

• $194.8 m — ighlights: Record Quarterly revenue of $194.8 million, a 9% QoQ increase, exceeding the
• $50.5 m — nce and up 45% YoY. GAAP net income of $50.5 million, or $1.58 per diluted share, up 3
• $1.58 — . GAAP net income of $50.5 million, or $1.58 per diluted share, up 32% YoY. Record
• $62.3 m — 32% YoY. Record non-GAAP net income of $62.3 million, or $1.94 per diluted share, exce
• $1.94 — on-GAAP net income of $62.3 million, or $1.94 per diluted share, exceeding the Compan
• $672.4 million — 4 Highlights: Record annual revenue of $672.4 million up 30% YoY Record GAAP net income of $
• $183.8 m — n up 30% YoY Record GAAP net income of $183.8 million, or $5.75 per diluted share up 34
• $5.75 — d GAAP net income of $183.8 million, or $5.75 per diluted share up 34% YoY Record No
• $214.9 m — 34% YoY Record Non-GAAP net income of $214.9 million, or $6.69 per diluted share up 38
• $6.69 — n-GAAP net income of $214.9 million, or $6.69 per diluted share up 38% YoY Record sa
• $194,766 — 4 Q4 2023 FY 2024 FY 2023 Revenues $194,766 $178,974 $134,219 $672,396 $517,922
• $178,974 — FY 2024 FY 2023 Revenues $194,766 $178,974 $134,219 $672,396 $517,922 Net Inco
• $134,219 — FY 2023 Revenues $194,766 $178,974 $134,219 $672,396 $517,922 Net Income $50,48
• $672,396 — Revenues $194,766 $178,974 $134,219 $672,396 $517,922 Net Income $50,481 $51,279
• $517,922 — $194,766 $178,974 $134,219 $672,396 $517,922 Net Income $50,481 $51,279 $38,068

Filing Documents

• zk2532713.htm (6-K) — 455KB
• image0.jpg (GRAPHIC) — 23KB
• 0001178913-25-000447.txt ( ) — 487KB

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 13, 2025 NOVA LTD. (Registrant) By: /s/ Guy Kizner ————————————— Guy Kizner Chief Financial Officer Company Contact: Guy Kizner, 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 Record Fourth Quarter and Full Year 2024 Results REHOVOT, Israel - February 13, 2025 - Nova (Nasdaq: NVMI) today announced financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights: Record Quarterly revenue of $194.8 million, a 9% QoQ increase, exceeding the Company guidance and up 45% YoY. GAAP net income of $50.5 million, or $1.58 per diluted share, up 32% YoY. Record non-GAAP net income of $62.3 million, or $1.94 per diluted share, exceeding the Company guidance, and up 43% YoY. Record sales of materials metrology, driven by sales of Nova Metrion and Nova Veraflex platforms Record sales for dimensional metrology stand-alone solutions, driven by demand for unique capabilities in advanced packaging and GAA manufacturing. Full Year 2024 Highlights: Record annual revenue of $672.4 million up 30% YoY Record GAAP net income of $183.8 million, or $5.75 per diluted share up 34% YoY Record Non-GAAP net income of $214.9 million, or $6.69 per diluted share up 38% YoY Record sales for advanced packaging processes, more than doubling revenues from the segment Record sales of materials metrology, driven by growing adoption of the Company's solutions across market segments GAAP Results (K) Q4 2024 Q3 2024 Q4 2023 FY 2024 FY 2023 Revenues $194,766 $178,974 $134,219 $672,396 $517,922 Net Income $50,481 $51,279 $38,068 $18

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 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: 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; inability to protect our intellectual property; open source technology exposure, including risks related to artificial intelligence; 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 single manufacturing facility per product line; dependency on a limited number of suppliers; difficulty in integrating current or future acquisitions; lengthy sales cycle an

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View this 6-K filing on SEC EDGAR