Nova Ltd Stock Price, News & Analysis

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.

Nova (Nasdaq: NVMI) has announced that its Chief Financial Officer, Dror David, will participate in several upcoming virtual investor conferences. These events include Needham's 16th Annual Technology & Media Conference from May 17-20, 2021, the BofA Securities Global Technology Conference from June 8-10, 2021, and the Stifel 2021 Cross Sector Insight Conference from June 6-8, 2021. Dror will be available for one-on-one meetings on specific dates. Nova specializes in innovative metrology solutions for semiconductor manufacturing and is listed under the symbol NVMI.

Nova (Nasdaq: NVMI) reported record financial results for Q1 2021, with revenues of $84.1 million, marking a 38% increase year over year. The company achieved a GAAP net income of $17.6 million or $0.60 per diluted share, up 46% year over year. Non-GAAP net income reached $20.5 million or $0.70 per diluted share, increasing 37% year over year. Quarterly gross margin improved to 57%. Management has set a revenue outlook for Q2 2021 between $84 million and $92 million.

Nova (Nasdaq: NVMI) will release its financial results for Q1 2021 on May 6, 2021, before the Nasdaq market opens. A conference call hosted by CEO Eitan Oppenhaim and CFO Dror David will take place at 9 a.m. Eastern Time on the same day. Interested participants are encouraged to dial in five minutes prior to the start. A replay of the call will be available from May 6 at 12 p.m. until May 13 at 11:59 p.m. Eastern Time. Nova specializes in metrology solutions for semiconductor manufacturing, providing innovative technology to improve yields and accelerate time to market.

Nova (NASDAQ: NVMI) has released its annual report on Form 20-F for the year ending December 31, 2020, now available on its website as of March 1, 2021.

This report includes audited consolidated financial statements and is disclosed in accordance with NASDAQ Listing Rule 5250(d)(1)(C). Shareholders can request a hard copy free of charge. Nova specializes in metrology solutions for semiconductor manufacturing, providing innovative hardware and software to enhance production efficiency and yield.