Novanta Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022
August 09, 2022 at 06:59 am EDT
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Novanta Inc. provided earnings guidance for the third quarter and full year 2022. For the quarter, the company expects GAAP revenue of approximately $214 million to $216 million, demonstrating reported growth of 20% to 22%.
For the year, the company expects GAAP revenue of approximately $848 million to $852 million, demonstrating reported growth of 20% to 21%.
Novanta Inc. is a supplier of core technology solutions, which give medical and advanced industrial original equipment manufacturers. The Company has three segments. Precision Medicine and Manufacturing segment designs, manufactures and markets photonics-based solutions, including laser scanning, laser beam delivery, carbon dioxide laser, solid state laser, ultrafast laser, and optical light engine products to customers worldwide. Medical Solutions segment designs, manufactures and markets a range of medical grade technologies, including medical insufflators, pumps and related disposables; visualization solutions; wireless technologies, video recorders and video integration technologies, and others. Robotics and Automation segment designs, manufactures and markets optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, and air bearing spindles to customers worldwide.
NOVANTA INC. 
