Eitan Oppenheim, president and CEO of the company: “We continue to implement our long-term strategic plans, in order to position ourselves in the market and leverage opportunities in this dynamic environment”
Nova (TA: Nova; NASDAQ: (NVMI) reported the results of the fourth quarter and the entire year 2022 that ended on 12/31/2022.
Highlights for the fourth quarter of 2022:
- Record quarterly revenue of $151.2 million, an increase of 24% year over year
- GAAP net income of $36.1 million or $1.14 per fully diluted share, up 56% year over year on a per share basis
- Non-GAAP net income of $40.8 million or $1.28 per fully diluted share, up 19% year over year on a per share basis
- Record revenue from chemical metrology solutions, which originates from the penetration of a variety of leading customers in the front end field
- Continued adoption of the company’s most advanced solutions, including penetration of METRION and ELIPSON products to leading Logic customers.
- The main points for the full year 2022:
The main financial data for the entire year 2022
- Record annual revenue of $570.7 million, a 37% year-over-year increase
- Record GAAP net income of $140.2 million, or $4.40 per fully diluted share, up 41% year over year on a per share basis
- Record non-GAAP net income of $161.5 million, or $5.07 per diluted share, up 32% year over year on a per share basis
Eitan Oppenheim: We are vigilant
“The fourth quarter is a strong end to another record year, which was characterized by a considerable increase in the company’s revenues and profitability on an annual basis. Despite the volatility in the markets, during the fourth quarter the company was able to present good performances that emphasize our diverse and flexible business model.” said Eitan Oppenheim, president and CEO of Nova. “We maintain the required vigilance in the face of the current challenges, while at the same time continuing to implement our long-term strategic plans, in order to position ourselves in the market and leverage opportunities in this dynamic environment.”