Small Cap Stock #3: Nova Measuring Instruments (NVMI)
Nova Measuring Instruments Ltd. (NVMI) makes optics to measure microscopic images. The company’s NovaScan and NovaTrack optical monitoring systems are integrated into wafer polishers and other semiconductor processing equipment to measure the thickness of semiconductor layers during critical steps of chip manufacturing. The company’s customers, such as Applied Materials, Ebara, Lam Research and Novellus, integrate Nova’s tools into their equipment. Nova also sells its standalone systems directly to manufacturers.
In the fourth quarter, the company’s sales rose 145% to $15.2 million compared with the same quarter a year earlier. During the same period, Nova’s earnings rose to $2.7 million, or 13 cents per share compared with a loss of $1.6 million or eight cents per share. The company recently announced that it has received record quarterly orders, which bodes well for the upcoming earnings report from NVMI.
5 Small Cap Giants for Earnings Season
Article printed from InvestorPlace Media, http://investorplace.com/2010/04/top-small-cap-stocks-earnings-igld-ipxl-nvmi-imax-cree/.
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