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Nova Ltd. reports developments around its semiconductor metrology and process control business, including financial results, annual report availability, investor conference participation, customer selections and governance updates. The company provides material, optical and chemical metrology solutions for advanced process control throughout semiconductor fabrication, combining high-precision hardware with software used by integrated circuit manufacturers and other semiconductor manufacturers.
Product-related updates include Nova Metrion®, a fully automated Secondary Ion Mass Spectrometry system validated for inline production process control, and integrated metrology applications for Gate-All-Around, DRAM, advanced packaging and CMP processes. Company announcements also address earnings calls, Nasdaq reporting communications and board composition.
Nova (Nasdaq: NVMI) announced that a leading multinational logic manufacturer has chosen the Nova VERAFLEX IV for its next-generation integrated circuit development. This selection is anticipated to drive global growth in the manufacturer's production capacity and advanced node transitions. Nova VERAFLEX IV, known for its superior materials metrology, is pivotal in measuring complex 3D logic devices with precise sub-angstrom measurements. CEO Eitan Oppenhaim emphasized the platform's increasing traction since its 2021 launch, reinforcing Nova's innovative leadership in materials engineering.
NOVA (NASDAQ: NVMI) announced an order for an additional ELIPSON platform from a major integrated circuits manufacturer, enhancing high-volume production of advanced memory devices. The ELIPSON platform has successfully contributed to R&D and is utilized in various applications, including DRAM, Logic, and NAND. CEO Eitan Oppenhaim expressed confidence in the adoption of their metrology solutions, positioning NOVA to meet next-generation semiconductor challenges. This order reflects growing demand for NOVA's innovative technology amidst evolving industry needs.
Nova (Nasdaq: NVMI) announced that a top integrated circuit manufacturer has selected its Nova PRISM platform for advanced 3D NAND nodes. This decision follows an extensive evaluation, highlighting the platform's superior metrology performance powered by spectral interferometry (SI) technology. SI technology enhances measurement accuracy in complex 3D NAND structures, crucial for device performance. CEO Eitan Oppenhaim emphasized the selection as a testament to Nova's innovative leadership and its commitment to helping customers reduce development cycles and accelerate time to market.
NOVA (NASDAQ: NVMI) announced that CFO Dror David will participate in Citi's 2021 Global Technology Virtual Conference on September 14, 2021, at 9:40 AM ET. He will engage in a fireside chat and be available for one-on-one meetings on the same day. Interested parties can schedule meetings through Citi representatives or Miri Segal at msegal@ms-ir.com. A live webcast and replay of the event can be accessed here.
Nova (NASDAQ: NVMI) has announced the participation of Chief Financial Officer Dror David in two upcoming virtual investor conferences. The Needham Virtual 2nd Annual SemiCap and EDA Conference is scheduled for August 24, 2021, and the Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit will take place on August 31, 2021. Both conferences will allow for one-on-one meetings with Dror David. Nova is a leader in metrology solutions for semiconductor manufacturing, aiming to enhance product yields and accelerate market entry.
Nova (Nasdaq: NVMI) has appointed Sarit Sagiv to its Board of Directors effective immediately. Ms. Sagiv brings extensive experience from roles such as General Manager of Global Business at Amdocs and Chief Financial Officer at Nice Ltd. and Retalix Ltd. Her background in high-tech and operational roles is expected to contribute positively to Nova's growth strategy. Dr. Micha Brunstein, Nova's Chairman, expressed enthusiasm for her appointment, emphasizing the potential for future growth.
Nova reported record financial results for Q2 2021, with revenues of $97.7 million, a 56% increase year-over-year. GAAP net income reached $22.9 million ($0.77 per diluted share), up 157% year-over-year. Non-GAAP net income was $26.9 million ($0.90 per diluted share), an 88% increase year-over-year. The growth was driven by a surge in optical CD standalone solutions and increased exposure in China. For Q3 2021, management forecasts revenue between $99 million and $106 million.
Nova (Nasdaq: NVMI) announced its legal name change to better reflect its diversified technology portfolio amid expansion efforts. The company aims to organically grow its annual revenue to over $500 million through its NOVA500 strategic plan. Nova emphasizes its commitment to providing advanced metrology solutions for semiconductor manufacturing, utilizing a combination of hardware and software technologies. The company retains its NVMI ticker symbol and Process Insight® tagline, signaling a focus on innovation and customer partnerships.
Nova (Nasdaq: NVMI) will announce its Q2 2021 financial results on August 5, 2021, before the Nasdaq market opens. An earnings call will be held at 8:30 a.m. ET on the same day, hosted by CEO Eitan Oppenhaim and CFO Dror David. Attendees can dial in via toll-free numbers or join via a webcast. Nova specializes in metrology solutions for semiconductor manufacturing, providing high-performance tools that enhance product quality and accelerate market entry. Further information can be found at Nova's website.
Nova (Nasdaq: NVMI) will host its 2021 Analyst & Investor Events as virtual meetings on July 13 and 14, offering insights from its executive team. The English presentations will be held on July 13 from 11:00 a.m. to 1:30 p.m. EDT, and the Hebrew presentations on July 14 from 9:00 a.m. to 11:30 a.m. IDT. Interested participants should contact Miri Segal or Jonathan Eilat for access. A replay of the English session will be available on the company's website. Nova specializes in metrology solutions for semiconductor manufacturing.