According to FUNDER website data,
253 mutual funds hold Nova shares in the amount of NIS 286.2 million
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in the holdings of mutual funds in Nova shares according to FUNDER-MVF data
Nova (Tel Aviv: Nova; NASDAQ: NVMI)
Reported today financial results for the fourth quarter of 2020 and for 2020 as a whole.
Key points for the fourth quarter
• Record quarterly revenue of $ 76.3 million, an increase of 18% over the same period last year.
• Net income on a GAAP basis of $ 13.7 million, or 47 cents per fully diluted share, an increase of 9% over the same period last year.
• Net income on a non-GAAP basis of $ 15.9 million, or 55 cents per fully diluted share, an 8% increase over the same period last year.
• Recognition of initial revenue from a number of customers for a Nova ELIPSON, a recently launched materials measurement solution.
• Quarterly revenue revenues in the field of material measurement, as a result of the expansion of activity at leading Logic and Poundry manufacturers.
Key points for the fiscal year 2020:
• Annual revenue of $ 269.4 million, an increase of 20% over last year.
• GAAP net income of $ 47.9 million, or $ 1.65 per fully diluted share, up 35% from last year.
• Non-GAAP net income of $ 59.6 million, or $ 2.06 per fully diluted share, up 30% from last year.
|
GAAP Results ($ K) |
|||||
|
|
Q4 2020 |
Q3 2020 |
Q4 2019 |
FY 2020 |
FY 2019 |
|
Revenues |
$ 76,303 |
$ 69,485 |
$ 64,625 |
$ 269,396 |
$ 224,909 |
|
Net Income |
$ 13,657 |
$ 13,896 |
$ 12,385 |
$ 47,907 |
$ 35,171 |
|
Earnings per Diluted Share |
$ 0.47 |
$ 0.48 |
$ 0.43 |
$ 1.65 |
$ 1.23 |
|
NON-GAAP Results ($ K) |
|||||
|
|
Q4 2020 |
Q3 2020 |
Q4 2019 |
FY 2020 |
FY 2019 |
|
Net Income |
$ 15,872 |
$ 16,511 |
$ 14,561 |
$ 59,638 |
$ 45,523 |
|
Earnings per Diluted Share |
$ 0.55 |
$ 0.57 |
$ 0.51 |
$ 2.06 |
$ 1.59 |
A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements that are part of this release. Non-GAAP results exclude amortization of acquired intangible assets, stock-based compensation expenses, expense related to a transaction made by a financial institution without Company authorization, facilities transition costs, revaluation of operating lease liabilities, amortization of debt discount and issuance costs and tax effect of non-GAAP adjustment.
Management Comments
“Our strong financial results for the fourth quarter sum up a record year for Nova, and are an expression of the company’s high flexibility and exceptional execution capabilities,” he said. Said Eitan Oppenheim, President and CEO of Nova. “This is a strong end to a year of excellent performance, during which we continued to innovate and expand our unique product offering to support new generations of chips. The resilience we demonstrated in dealing with the epidemic, led by our global teams, has driven our strong performance throughout the year. And the company’s improved and with its strong position in the market, we are entering 2021 with significant momentum for continued growth in the various territories. “
Financial forecast for the first quarter of 2021:
Management has provided a forecast for the first quarter of 2021, which will end on March 31, 2021. Based on current estimates, management anticipates:
• Revenue in the range of $ 76-83 million
• Full-diluted earnings per share on a GAAP basis in the range of 41-53 cents
• Full-diluted non-GAAP earnings per share in the 55-66 cents range
Financial results for the fourth quarter 2020:
Revenue in the fourth quarter of 2020 totaled $ 76.3 million, an increase of 9.8% compared to the third quarter of 2020, and an increase of 18.1% compared to the fourth quarter of 2019.
The gross profit margin in the fourth quarter of 2020 was 55.5%, compared to a gross profit margin of 57.1% in the third quarter of 2020, and compared to a gross profit margin of 53.6% in the fourth quarter of 2019.
Operating expenses in the fourth quarter of 2020 totaled $ 25.5 million, compared to $ 24.1 million in the third quarter of 2020, and compared to $ 20.1 million in the fourth quarter of 2019.
Based on GAAP, the company reported net income of $ 13.7 million, or 47 cents per fully diluted share, in the fourth quarter of 2020. This is compared to net income of $ 13.9 million, or 48 cents per fully diluted share, in the third quarter of 2020, and compared To net income of $ 12.4 million, or 43 cents per share in full dilution, in the fourth quarter of 2019.
On a non-GAAP basis, which does not include amortization of intangible assets in respect of acquisitions, expenses for share-based compensation, one-time expense related to unauthorized action performed by a financial institution without company approval, office transfer costs, revaluation of operating leases, discounting and costs Issuing and taxing non-GAAP adjustments, the Company reported net income of $ 15.9 million, or 55 cents per fully diluted share, in the fourth quarter of 2020. This compares with net income of $ 16.5 million, or 57 cents per share in full dilution, In the third quarter of 2020, and compared to net income of $ 14.6 million, or 51 cents per share fully diluted in the fourth quarter of 2019.
Financial results for 2020:
Total revenue for 2020 totaled $ 269.4 million, an increase of 19.8% compared to total revenue of $ 224.9 million in 2019.
The gross profit margin in 2020 was 56.8% compared to a gross profit margin of 54.2% in 2019.
Operating expenses in 2020 totaled $ 97.4 million, compared to $ 85.4 million in 2019.
Based on GAAP, the company reported net income of $ 47.9 million, or 1.65 cents per fully diluted share, in 2020. This is compared to net income of $ 35.2 million, or 1.23 cents per full diluted share, in 2019.
On a non-GAAP basis, which does not include amortization of intangible assets in respect of acquisitions, expenses in respect of share-based compensation, one-time expense related to an unauthorized transaction performed by a financial institution without company approval, office transfer costs, operating leases, discounting and issuance costs And the effect of taxation on non-GAAP adjustments, the Company reported net income of $ 59.6 million, or $ 2.06 per fully diluted share, in 2020. This compares with net income of $ 45.5 million, or $ 1.59 per fully diluted share, in 2019.
Trading on the Tel Aviv Stock Exchange will resume with the opening of trading on the Nasdaq Stock Exchange.