NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, Nov. 07, 2024 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a growing home health care organization, is pleased to announce the release of financial results for the quarter ended September 30, 2024. All amounts are in United States dollars unless otherwise specified. Nova Leap Q3 2024 Financial Results Financial results for the third quarter ended September ...

Financial Data and Key Metrics Changes - Nova reported total revenues of $179 million for Q3 2024, marking a 39% year-over-year growth and a 14% quarter-over-quarter increase, exceeding guidance [17][21] - The company expects annual revenues to grow approximately 28% year-over-year at the midpoint for 2024 [6][25] - GAAP earnings per diluted share were $1.60, while non-GAAP earnings per diluted share were $1.74, both exceeding the high end of guidance [21] - The company ended Q3 with $810 million in cash and cash equivalents, with free cash flow reaching $43 million [22] Business Line Data and Key Metrics Changes - Product revenue distribution was approximately 75% from logic and foundry and 25% from memory, indicating a balanced market reach [18] - The materials metrology portfolio achieved record revenue, with significant contributions from Korea, the U.S., and Taiwan [10] - Advanced packaging applications saw record revenues, driven by demand for dimensional and chemical metrology solutions [12] Market Data and Key Metrics Changes - The company noted robust demand from leading-edge manufacturing, particularly in advanced packaging and AI-related devices [8][10] - The share of China in product sales remains similar to peers, with continued robust business expected into 2025 [30][46] Company Strategy and Development Direction - Nova is focused on long-term trends driving semiconductor demand and substantial investments in wafer fabrication equipment [7] - The company continues to invest in developing its advanced metrology portfolio to capitalize on emerging opportunities [9] - Nova's strategy includes maintaining a strong presence in gate-all-around processes, which are expected to ramp up next year [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in outperforming wafer fab equipment growth in 2025, with expectations for another growth year for Nova [7][35] - The company anticipates that the growing complexity of chip architectures due to AI will drive demand for innovative metrology solutions [8][14] - Management remains optimistic about the trajectory towards achieving $500 million in revenue from gate-all-around by the end of 2026 [28][45] Other Important Information - Operating margin for Q3 reached 28% on a GAAP basis and 32% on a non-GAAP basis, surpassing target models [20] - The effective tax rate for Q3 was approximately 15% [20] Q&A Session Summary Question: Insights on gate-all-around demand and pipeline diversification - Management confirmed that the majority of revenue is not yet driven by gate-all-around but expects a ramp-up next year, with a strong portfolio presence in this area [28] Question: Demand outlook for China - Management sees continued robust demand in China entering 2025, with the share of China in product sales remaining similar to peers [30][46] Question: Expectations for revenue growth compared to wafer fab equipment growth - Management indicated that Nova historically outperforms WFE growth and expects this trend to continue, with growth anticipated to be higher than WFE growth in 2024 [35] Question: Memory space investments and demand - Management noted strong demand from DRAM, particularly for high bandwidth memory, and expects growth in NAND in the second half of next year [42][43] Question: Changes in customer conversations regarding gate-all-around - Management stated that there are no changes in the confidence level for reaching the $500 million target by 2026, despite challenges faced by customers [45]

Nova Ltd. (NVMI) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.57%. A quarter ago, it was expected that this maker of monitoring systems used in chip manufacturing would post earnings of $1.37 per share when it actually produced earnings of $1.61, delivering a surprise of 17.52%.O ...

REHOVOT, Israel, Nov. 7, 2024 /PRNewswire/ -- Nova (Nasdaq: NVMI) today announced financial results for the third quarter, the three-month period ended September 30, 2024.Third Quarter 2024 Highlights: Record Quarterly revenue of $179.0 million, a 14% QoQ increase, exceeding the Company guidance and up 39% YoY. Record GAAP net income of $51.3 million, or $1.60 per diluted share, exceeding the Company guidance, a 13% QoQ increase and up 51% YoY. Record non-GAAP net income of $56.1 million, or $1.74 per dilut ...

Nova Ltd. (NVMI) is set to report third-quarter 2024 results on Nov. 7.For the third quarter of 2024, NVMI expects revenues between $168 million and $176 million. The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $172.2 million, indicating an increase of 33.7% from the year-ago quarter’s levels.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.For the to-be-reported quarter, Nova expects non-GAAP earnings to be in the range of $1.60-$1.73 per share. The consens ...

290 Homes Expected to be Powered by this Community Solar ProjectTORONTO, Nov. 5, 2024 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN, FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 3.1 MW DC ground-mount solar power project known as the West Petpeswick project (the "Project") on a site located in Nova Scotia. The Project is a key addition to the Company's expanding portfolio of community solar initiatives in Nova Scotia, where plans are underway to ...

Nova Ltd. (NVMI) is set to report third-quarter 2024 results on Nov. 7.For the third quarter, Nova projects revenues between $168 million and $176 million. The Zacks Consensus Estimate for the top line is pegged at $172.2 million, indicating an increase of 33.7% from the year-ago quarter’s levels.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.For the quarter, Nova expects non-GAAP earnings to be in the range of $1.60-$1.73 per share. The consensus mark for the bottom line has been ...

HALIFAX, Nova Scotia, Nov. 01, 2024 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the "Company" or "Elcora"), announces that the Company’s principal regulator, the Nova Scotia Securities Commission (“NSSC”), has lifted the Management Cease Trade Order (“MCTO”) it had previously granted to the Company on July 30, 2024, under National Policy 12-203, as the Company has now successfully completed all requisite filings for its Annual Financials and Interim Fina ...

Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) (the "Company", or "Nova Pacific") is pleased to announce the successful completion of the Archaeology Preliminary Field Reconnaissance (PFR) report for its Lara VMS property near Duncan, BC. The report has been submitted to the Ministry of Energy, Mines and Low Carbon Innovation as part of the Company's Notice of Work (NOW).The field portion of the PFR was condu ...

HALIFAX, Nova Scotia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the "Company" or "Elcora"), provides an update with respect to the previously announced Management Cease Trade Order (the "MCTO") that was issued by the Nova Scotia Securities Commission (the "Commission") on July 30, 2024. The Company confirms that as of today it has completed and filed its audited annual financial statements for the year ended March 31, 2024, and the manage ...