nova measuring instruments (NVMI) Key Developments
Nova Measuring Instruments Ltd. Revises Earnings Guidance for the Second Quarter of 2015
Jun 3 15
Nova Measuring Instruments Ltd. revised earnings guidance for the second quarter of 2015. For the quarter, the company increased its outlook for the second quarter of 2015, with adjusted quarterly revenue guidance of $37 million - $39 million, compared to previously guided numbers of $33 million - $35 million. Based on the adjusted revenue estimates, management now expects GAAP EPS to be in the range of $0.00 to $0.04, and Non GAAP EPS to be in the range of $0.14 to $0.18. The company announced that the new quarterly guidance reflects more than $14 million in aggregate revenues from its larger foundry customer. This guidance indicates record revenue quarter for Nova, and puts the company on track for a third consecutive record-high revenue year in 2015.
Nova Measuring Instruments Ltd. Elects Dafna Gruber as External Director
May 18 15
Nova Measuring Instruments Ltd. announced that Ms. Dafna Gruber was elected to Nova’s Board of Directors as an external director at the recent annual general meeting of shareholders. Ms. Gruber served as the Chief Financial Officer of Nice Systems Ltd. from May 2007 until April 2015 where she was responsible for Finance and Operations. Ms. Gruber serves as an external director at TAT Technologies Ltd.
Nova Measuring Instruments Ltd. - Analyst/Investor Day
May 12 15
To discuss company's strategic direction and the recent acquisition of ReVera, as well as discussing Nova's unique product offerings and significant market opportunities
Nova Measuring Instruments Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter Ending June 30, 2015
May 12 15
Nova Measuring Instruments Ltd. reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $27.494 million against $34.660 million a year ago. Operating profit was $2.288 million against $6.352 million a year ago. Income before income taxes was $2.499 million against $6.527 million a year ago. Net income for the period was $2.977 million or $0.11 per diluted share against $6.398 million or $0.23 per diluted share a year ago. Net cash provided by operating activities was $1.473 million against $12.736 million a year ago. Additions to fixed assets was $0.757 million against $0.525 million a year ago. Non-GAAP net income for the period was $4.034 million or $0.15 per diluted share against $6.929 million or $0.25 per diluted share a year ago.
The company provided earnings guidance for the second quarter ending June 30, 2015. The company expects $33 million to $35 million in revenue, representing sequential growth of at least 20%; $0.07 to $0.11 in non-GAAP EPS; GAAP EPS between loss $0.03 to porift of $0.01, inclusive of approximately $2.9 million related to non-recurring acquisition-related expenses and amortization of acquired intangible assets.
Nova Measuring Instruments Ltd. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-14-2015 10:30 AM
Apr 29 15
Nova Measuring Instruments Ltd. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-14-2015 10:30 AM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States. Speakers: Dror David, Chief Financial Officer.