Report to rapid line investors: Nova Measuring Instruments Ltd. (NASDAQ: NVMI)

On 17 March 2020, Nova Measuring Instruments Ltd. (NASDAQ: NVMI) spotted trading -27.41% off 52-week high price. On the other end, the stock has been noted 26.93% away from the low price over the last 52-weeks. The stock changed 6.55% to recent value of $30.59. The stock transacted 297957 shares during most recent day however it has an average volume of 126.61K shares. The company has 30.28M of outstanding shares and 26.68M shares were floated in the market.

Nova (NVMI) recently reported financial results for the fourth quarter and full year 2019.

Fourth Quarter 2019 Highlights:

Quarterly revenue of $64.6M, exceeding guidance of $56M to $62M.

GAAP net income of $12.4M, or $0.43 per diluted share, exceeding guidance of $0.32 to $0.42 per share.

Non-GAAP net income of $14.6M, or $0.51 per diluted share, exceeding guidance of $0.40 to $0.50 per share.

Accelerated deliveries to leading edge Foundry to support its most advanced technology nodes.

Received initial orders for the new Dimensional Stand-Alone Platform, the NovaPRISM™.

2019 Fourth Quarter Results

Total revenues for the fourth quarter of 2019 were $64.6M, an increase of 23% contrast to the third quarter of 2019 and increase of 2% contrast to the fourth quarter of 2018.

Gross margin for the fourth quarter of 2019 was 54%, contrast to a gross margin of 52% in the third quarter of 2019, and contrast to the gross margin of 57% in the fourth quarter of 2018.

Operating expenses in the fourth quarter of 2019 were $20.1M, contrast with $21.0 in the third quarter of 2019 and contrast with $20.7M in the fourth quarter of 2018.

On a GAAP basis, the company stated net income of $12.4M, or $0.43 per diluted share, in the fourth quarter of 2019. This is contrast with $8.6M, or $0.30 per diluted share, in the third quarter of 2019, and contrast with net income of $15.2M, or $0.53 per diluted share, in the fourth quarter of 2018.

On a non-GAAP basis, which exclude amortization of purchased intangible assets, stock-based compensation expenses, facilities transition costs, revaluation of long-term liabilities and tax effect of non-GAAP adjustments, the company stated net income of $14.6M, or $0.51 per diluted share, in the fourth quarter of 2019. This is contrast with net income of $11.5M, or $0.40 per diluted share, in the third quarter of 2019, and contrast with net income of $16.9M, or $0.59 per diluted share, in the fourth quarter of 2018.

2019 Full Year Results

Total revenues for 2019 were $224.9M, a decrease of 10% contrast to total revenues of $251.1M for 2018.

Gross margin in 2019 was 54%, contrast with gross margin of 58% in 2018.

Operating expenses in 2019 were $85.4M, contrast with operating expenses of $84.8 in 2018.

On a GAAP basis, the company stated net income of $35.2M, or $1.23 per diluted share, in 2019. This is contrast with a net income of $54.4M, or $1.89 per diluted share, in 2018.

On a non-GAAP basis, which exclude amortization of purchased intangible assets, stock-based compensation expenses, facilities transition costs, revaluation of long-term liabilities and tax effect of non-GAAP adjustments, the company stated net income of $45.5M, or $1.59 per diluted share, in 2019. This is contrast with net income of $60.8M, or $2.11 per diluted share, in 2018.

Its earnings per share (EPS) expected to touch remained -33.00% for this year. NVMI has a gross margin of 54.20% and an operating margin of 16.20% while its profit margin remained 15.60% for the last 12 months. The price moved ahead of -13.81% from the mean of 20 days, -18.87% from mean of 50 days SMA and performed -6.31% from mean of 200 days price. Company’s performance for the week was -11.77%, -23.45% for month and YTD performance remained -19.14%.