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Nova (Nasdaq: NVMI), a leading provider of metrology solutions for semiconductor manufacturing, announced the participation of its CFO Dror David and incoming CFO Guy Kizner in two investor conferences in June 2024. They will attend the Stifel Cross Sector Insight Conference on June 4 at the InterContinental Hotel in Boston and the Bank of America 2024 Global Technology Conference on June 5 at The Westin St. Francis Hotel in San Francisco. Both events will feature in-person fireside chats and one-on-one meetings. Live webcasts of the fireside chats will be available on Nova's investor relations page.
Nova (Nasdaq: NVMI) reported strong financial results for the first quarter of 2024, with revenue reaching $141.8 million, a 6% increase QoQ, and GAAP net income of $36.9 million. Non-GAAP net income was a record $44.6 million, reflecting the company's robust operational model and continued market traction for its innovative technologies. The service business grew by 13% YoY, driven by expanding tool life extensions. Memory product revenue share increased to 40%, led by demand for advanced DRAM and HBM solutions. Gross margin improved to 59% while operating expenses increased to $46.0 million. Management provided a positive outlook for the second quarter, projecting revenue of $144-$152 million and GAAP EPS of $1.07-$1.21.