Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>Novanta Inc. reported its second-quarter 2025 earnings, reflecting solid operational performance amidst a challenging macroeconomic and trade environment.</li>
<li>The company achieved revenue of $241 million, marking 2% reported growth but indicating a slight 2% decline in organic revenue.</li>
<li>Notably, sales from newly launched products surged by over 50%, and customer orders saw a significant uptick sequentially, highlighting a strengthening market outlook.</li>
</ul>


Novanta Inc. reported its second-quarter 2025 earnings, reflecting solid operational performance amidst a challenging macroeconomic and trade environment.
The company achieved revenue of $241 million, marking 2% reported growth but indicating a slight 2% decline in organic revenue.
Notably, sales from newly launched products surged by over 50%, and customer orders saw a significant uptick sequentially, highlighting a strengthening market outlook.


Novanta Inc.: Expansion into High-Growth Markets...

<ul>
<li>Novanta Inc. reported its first quarter 2025 results meeting sales and profit expectations amidst a challenging environment, maintaining a neutral stance on long-term growth.</li>
<li>The company achieved $233 million in revenue, reflecting 2% organic growth and 1% reported growth, while orders increased by 3% year-over-year.</li>
<li>The adjusted gross margin remained constant at 46%, and adjusted EBITDA reached $50 million.</li>
</ul>


Novanta Inc. reported its first quarter 2025 results meeting sales and profit expectations amidst a challenging environment, maintaining a neutral stance on long-term growth.
The company achieved $233 million in revenue, reflecting 2% organic growth and 1% reported growth, while orders increased by 3% year-over-year.
The adjusted gross margin remained constant at 46%, and adjusted EBITDA reached $50 million.


Novanta Inc.: How Its New Product Innovations Will Help Alter The Playing Field!

<ul>
<li>Novanta Inc.'s third quarter of 2024 results reflect a mixed performance driven by a challenging macroeconomic environment, customer-related timing issues, and some positive business developments.</li>
<li>The company reported revenue of $244 million, an increase of 10% year-over-year, though organic growth was flat.</li>
<li>Adjusted gross margins were 46%, a slight decline from the previous year due to the dilution from the Motion Solutions acquisition, although core business margins improved by 70 basis points.</li>
</ul>


Novanta Inc.'s third quarter of 2024 results reflect a mixed performance driven by a challenging macroeconomic environment, customer-related timing issues, and some positive business developments.
The company reported revenue of $244 million, an increase of 10% year-over-year, though organic growth was flat.
Adjusted gross margins were 46%, a slight decline from the previous year due to the dilution from the Motion Solutions acquisition, although core business margins improved by 70 basis points.


Novanta Inc.: An Insight Into Its Strategic Market Positioning in Robotics...

<ul>
<li>Novanta Incorporated presented its first quarter 2024 earnings with several notable financial achievements and strategic developments.</li>
<li>The company reported a total revenue of $231 million, surpassing previous guidance and demonstrating a 5% reported year-over-year growth.</li>
<li>This performance came despite a 4% organic revenue decline.</li>
</ul>


Novanta Incorporated presented its first quarter 2024 earnings with several notable financial achievements and strategic developments.
The company reported a total revenue of $231 million, surpassing previous guidance and demonstrating a 5% reported year-over-year growth.
This performance came despite a 4% organic revenue decline.


Novanta Inc.: A Diversified Business Exposure & Innovation In High-Growth Markets!

<ul>
<li>In the Q4 and full year 2023 earnings call, Novanta Inc reported a record revenue of $882 million, an over 100 basis point expansion in adjusted gross and EBITDA margins to 47% and $196 million respectively for the year.</li>
<li>Its sales grew 2% YoY on a reported basis and 1% organically.</li>
<li>However, the company's Q4 performance was less positive with a 3% decline in revenue on a reported basis and a 4% decline organically.</li>
</ul>


In the Q4 and full year 2023 earnings call, Novanta Inc reported a record revenue of $882 million, an over 100 basis point expansion in adjusted gross and EBITDA margins to 47% and $196 million respectively for the year.
Its sales grew 2% YoY on a reported basis and 1% organically.
However, the company's Q4 performance was less positive with a 3% decline in revenue on a reported basis and a 4% decline organically.


Novanta Inc.: Accelerated New Product Launches Catalyzing Growth? - Major Drivers

United States

Novanta, Inc. designs, develops, manufactures, and sells precision photonics and motion control components and subsystems. The Company offers its products to original equipment manufactures in the medical equipment and advanced industrial technology markets.

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Novanta (NOVT US)

Novanta Inc.: Expansion into High-Growth Markets...

Novanta Inc. reported its second-quarter 2025 earnings, reflecting solid operational performance amidst a challenging macroeconomic and trade...

Baptista Research

Novanta Inc.: How Its New Product Innovations Will Help Alter The Playing Field!

Novanta Inc. reported its first quarter 2025 results meeting sales and profit expectations amidst a challenging environment, maintaining a neutral...

Baptista Research

Novanta Inc.: An Insight Into Its Strategic Market Positioning in Robotics...

Novanta Inc.'s third quarter of 2024 results reflect a mixed performance driven by a challenging macroeconomic environment, customer-related timing...

Baptista Research

Novanta Inc.: A Diversified Business Exposure & Innovation In High-Growth Markets!

Novanta Incorporated presented its first quarter 2024 earnings with several notable financial achievements and strategic developments.

Baptista Research

Novanta Inc.: Accelerated New Product Launches Catalyzing Growth? - Major Drivers

In the Q4 and full year 2023 earnings call, Novanta Inc reported a record revenue of $882 million, an over 100 basis point expansion in adjusted...

Baptista Research

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