Nova reports first quarter 2023 results

Rehovot, israel , may 11, 2023 /prnewswire/ -- nova (nasdaq: nvmi) today announced financial results for the first quarter ended march 31, 2023.   first quarter 2023 highlights: quarterly revenue of $132.2 million, down 1% year over year gaap net income of $34.6 million, or $1.09 per diluted share, up 2% year over year on a per-share basis, exceeding management guidance of $0.77 to $0.98 non-gaap net income of $39.1 million, or $1.23 per diluted share, down 5% year over year on a per-share basis, exceeding management guidance of $0.93 to $1.14 significant improvement in blended gross margin, driven by record software revenues and a favorable product mix record bookings for materials metrology, including veraflex, metrion, and elipson platforms gaap results (k) q1 2023 q4 2022 q1 2022 revenues $132,193 $151,238 $133,957 net income $34,627 $36,098 $34,162 earnings per diluted share $1.09 $1.14 $1.07   non-gaap results (k) q1 2023 q4 2022 q1 2022 net income $39,075 $40,778 $41,487 earnings per diluted share $1.23 $1.28 $1.30   a reconciliation between gaap operating results and non-gaap operating results is provided following the financial statements included in this release.
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