Nova Reports Promising Fourth Quarter Results
REHOVOT, Israel--- Nova Measuring Instruments Ltd., a provider of leading edge stand alone metrology and the market leader of integrated metrology solutions to the semiconductor process control market, today reported its 2010 fourth quarter and full year financial results. They include:
Quarterly revenues of $27 million, up 77% year over year
Gross margin of 57%
Record quarterly net income of $7.5 million, or $0.28 per diluted Share
Positive cash flow from operating activities of $6.7 million
"The fourth quarter and 2010 as a whole were excellent by any metric,” says Gabi Seligsohn, president and CEO of Nova. "For the second consecutive year, we continued to outperform the industry by solid execution of our strategic plans. We implemented adjustments to our business model in integrated metrology; we continued our penetration of the stand alone metrology market and doubled our customer base; we improved the performance of our services business and, finally, we identified attractive new areas for growth in new process technologies".
"The fourth quarter and 2010 as a whole were excellent by any metric,” says Gabi Seligsohn, president and CEO of Nova. "For the second consecutive year, we continued to outperform the industry by solid execution of our strategic plans. We implemented adjustments to our business model in integrated metrology; we continued our penetration of the stand alone metrology market and doubled our customer base; we improved the performance of our services business and, finally, we identified attractive new areas for growth in new process technologies".
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