Novanta Inc. (NASDAQ:NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that it has reached an agreement to acquire privately held
Novanta (NASDAQ:NOVT) posted a 34.98% decrease in earnings from Q4. Sales, however, increased by 10.23% over the previous quarter to $162.58 million. Despite the increase in sales this quarter, the decrease in earnings may suggest Novanta is not utilizing their capital as effectively as possible.