Novanta Inc. Common Stock
Market Cap
6B
Short interest (May 15)
12.0%
Net Short (Jun 03 ): 0.1%
Borrow Fee
0.40%
↑ 40.0%
Available Shares
60K
↓ 23.7%
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Company Overview
Novanta Inc supplies core technology solutions to medical, life science, and advanced industrial OEMs, leveraging proprietary expertise in precision medicine, precision manufacturing, robotics and automation, and advanced surgery. It has two segments: Automation Enabling Technologies and Medical Solutions. Automation Enabling Technologies, which generates the majority of revenue, provides laser beam steering and scanning solutions, laser sources, and robotic and precision motion technologies. The Medical Solutions segment provides medical-grade technologies, including medical insufflators, endoscopic pumps, and integrated operating room technologies. The company operates in the United States, Germany, and other markets, with revenue generated from the United States.
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